5550 Media

ITV plc Monitor

ITV plc Annual Report 2017
CR Monitor Issue: 
2018/0721
Company covered: 
ITV plc
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Discussion of key audit matters included in audit report.
Pronouncements
Extended disclosure in respect of new standards namely IFRS 15 "Revenues from contracts with customers", IFRS 9 "Financial instruments" and IFRS 16 "Leases".
Change
Disclosure on contingent assets and liabilities included in a note to the accounts.

Informa PLC Monitor

Informa PLC Annual Report 2017
CR Monitor Issue: 
2017/0711
Company covered: 
Informa PLC
Period End: 
31 December, 2017
Report issued on 17 July 2018 covered the following practice issues:
Restatement
Restatement of provisional business acquisition amounts following finalisation of fair values.
Change
Disclosure of new key audit matter in the audit report.
Change
Separate disclosure of directors and auditors responsibilities in the audit report.
Change
Extended risk disclosures including identification of new principal risk factor.
Pronouncements
Quantified information disclosed in relation to the future impact of IFRS 15 "Revenues from contracts with customers".

Pearson plc Monitor

Pearson plc Annual Report Year
CR Monitor Issue: 
2018/0603
Company covered: 
Pearson plc
Period End: 
31 December, 2017
Report issued on 05 June 2018 covered the following practice issues:
Pronouncements
Presentation of a reconciliation of movements in liabilities arising from financing activities following adoption of amendment to IAS 7.
Pronouncements
Extended disclosure in respect of the impacts of new accounting standards including IFRS 9, 15 and 16.
Change
Disclosure of additional key audit matters in the auditors' report.
Change
Detailed breakdown of assets and liabilities held for sale.

Wolters Kluwer NV Monitor

Wolters Kluwer NV Annual Report 2017
CR Monitor Issue: 
2018/0512
Company covered: 
Wolters Kluwer NV
Period End: 
31 December, 2017
Report issued on 15 May 2018 covered the following practice issues:
Pronouncements
Introduction of a reconciliation of movements in liabilities arising from financing activities.
Pronouncements
Enhanced disclosure in respect of new accounting standards including quantification in respect of IFRS 15.
Change
Change in segment geographical entity wide disclosures.
Change
Assets held for sale presented separately on the face of the balance sheet.
Change
Amounts deducted from revenue rather than reflected as costs of sales.

UBM plc Monitor

UBM plc Annual Report 2016
CR Monitor Issue: 
2017/0902
Company covered: 
UBM plc
Period End: 
31 December, 2016
Report issued on 5 September 2017 covered the following practice issues:
Pronouncements
Disclosure of non-quantified impact of amendments to IFRS 2 and new leasing standard IFRS 16.
Change
Disclosure added of reasonably possible changes in assumption that would lead to recoverable amount of goodwill equalling the carrying amount.
Restatement
Restatement of provision in respect of trade receivables without explanation.
New
Subsequent events note added includes disclosure of post balance sheet acquisitions and disposals.
Change
Breakdown of defined benefit pension scheme assets by class in absolute rather than percentage terms.

Pearson plc Annual Report

Pearson plc Annual Report 2016
CR Monitor Issue: 
2017/0814
Company covered: 
Pearson plc
Period End: 
31 December, 2016
Report issued on 29 August 2017 covered the following practice issues:
Change
Change in disclosed basis of valuation for Level 3 fair value measurements following disposal.
Pronouncements
Extended non-quantified disclosure of the future impacts of IFRS 15 “Revenue from contract with customers”.
Change
Identification of "major restructuring programme" and "major finance transformation programme" as new areas of audit focus.
Change
Presentation of tabular disclosure showing a maturity analysis of minimum sub-lease payments expected to be received.
Restatement
Segment reporting restated following changes in management responsibilities.

Euromoney Institutional Investor PLC Monitor

Euromoney Institutional Investor PLC Annual Report 2016
CR Monitor Issue: 
2017/0806
Company covered: 
Euromoney Institutional Investor PLC
Period End: 
30 September, 2016
Report issued on 08 August 2017 covered the following practice issues:
Restatement
Segment reporting restated following implementation of new business strategy.
Change
Mutli-employer pension scheme accounted for as a defined benefit scheme for the first time.
Change
Auditors report extended by inclusion of disclosure of new areas of audit focus.
Change
Method of valuation disclosed in relation to business held for sale.
Change
Extended analysis of deferred income

WPP plc Monitor

WPP plc Annual Report 2016
CR Monitor Issue: 
2017/0703
Company covered: 
WPP plc
Period End: 
31 December, 2016
Report issued on 4 July 2017 covered the following practice issues:
New
Audit report enhanced by inclusion of summary of audit approach.
Change
Disclosure of proposed changes in directors' remuneration policy.
Pronouncements
Description of transitional methods regarding new revenue standard.
Pronouncements
Un-quantified disclosure about the impact of impending new leasing standard.

Sky plc Monitor

Sky plc Annual Report 2016
CR Monitor Issue: 
2017/0603
Company covered: 
Sky plc
Period End: 
3 July, 2016
Report issued on 06 June 2017 covered the following practice issues:
Change
"Brexit" identified within principal risk disclosures.
Change
Disclosure of non-compliance with the UK Corporate Governance Code.
Change
Disclosure of the introduction of clawback provisions in respect of directors remuneration.
Change
Disclosure of discontinued operations extended to include fair value gain on retained interest.
Change
Financial statements presented for 53 week period.
Pronouncements
Discussion of the impacts of new leasing and revenue standards.

RELX Group Monitor

RELX Group Annual Report 2015
CR Monitor Issue: 
2017/0104
Company covered: 
RELX Group
Period End: 
31 December, 2015
Report issued on 9 January 2017 covered the following practice issues:
Change
Full consolidated financial statements are presented instead of combined financial statements.
Change
Earnings per share presented for separate share classes as part of the consolidated income statement.
Change
Reconciliation introduced for the net defined benefit liability from the opening balance to the closing balance.
New
Past service and settlement costs are recognised after transferring the Netherlands defined benefit pension scheme to a defined contribution scheme.
Change
Change in profit base for calculating net cash from operating activities.