6500 Telecommunications

Deutsche Telekom AG Monitor

Deutsche Telekom AG Annual Report 2016
CR Monitor Issue: 
2017/0503
Company covered: 
Deutsche Telekom AG
Period End: 
31 December, 2016
Report issued on 2 May 2017 covered the following practice issues:
Change
Change in segment reporting following the reclassification of business customer operations from one segment to another.
Change
Change in income statement format as a result of adoption of "performance-related total cost" method to present the analysis of expenses.
Pronouncements
Auditors introduce to their report a description of key audit matters.

Pensions - Swisscom

Period End: 
31 December, 2016
Period End Date: 
2016-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
6535 Fixed Line Telecommunications
Auditor: 
KPMG

Swisscom Ltd Monitor

Swisscom Ltd Annual Report 2016
CR Monitor Issue: 
2017/0405
Company covered: 
Swisscom Ltd
Period End: 
31 December, 2016
Report issued on 04 April 2017 covered the following practice issues:
Pronouncements
Disclosure of key audit matters included in audit report.
Pronouncements
Extended disclosure of the impacts of IFRS 15.
Restatement
Restatement of outstanding balances and transactions with related parties without explanation.
Change
Introduction of graphical disclosure in respect of director performance related salary components.

BT Group plc Monitor

BT Group plc Annual Report 2016
CR Monitor Issue: 
2017/0403
Company covered: 
BT Group plc
Period End: 
31 March, 2016
Report issued on 04 April 2017 covered the following practice issues:
Change
Business combination disclosures include detailed goodwill explanation and fair value information.
Change
New mobile reporting segment identified following business combination.
Change
Commissions paid to dealers identified as an area of audit focus.
Change
Disclosure of critical accounting estimates and judgements extended.
Pronouncements
Detailed disclosure on the future impacts of IFRS 15.
Change
Extended disclosure of inventory information including disaggregation.

TalkTalk Telecom Group PLC Monitor

TalkTalk Telecom Group PLC Annual Report 2016
CR Monitor Issue: 
2017/0302
Company covered: 
TalkTalk Telecom Group PLC
Period End: 
31 March, 2016
Report issued on 7 March 2017 covered the following practice issues:
Change
Statement of changes in equity divided into profit for the year, other comprehensive income and transactions with owners.
Change
Exceptional revenue credit and operating expenses recognised in respect of cyber attack.
Change
Deferred tax assets reduced following a reduction in tax rates.
Change
Derivative financial instruments reclassified from current assets to non-current assets without explanation.
Pronouncements
Full list of subsidiaries and joint ventures disclosed following a change to the Companies Act.
Change
Exceptional income recognised following change in business acquisition contingent consideration.

Cable & Wireless Communications Limited Monitor

Cable & Wireless Communications Limited Annual Report 2016
CR Monitor Issue: 
2017/0201
Company covered: 
Cable & Wireless Communications Limited
Period End: 
31 March, 2016
Report issued on 07 February 2017 covered the following practice issues:
Change
Change in ownership of the company identified as a post balance sheet event.
Restatement
Restatement of balance sheet following the finalisation of the provisional accounting for prior year business combinations.
Change
Change in segmental reporting due to a change in the organisational management structure.
Change
Disclosure of events leading to reversal of prior year impairments.
Change
Shortened audit report format following acquisition and delisting from the London stock exchange.
Change
Risk disclosures table extended to include three additional risk factors.

Vodafone Group plc Monitor

Vodafone Annual Report 2015
CR Monitor Issue: 
2016/0214
Company covered: 
Vodafone
Period End: 
31 March, 2015
Report issued on 26 February 2016 covered the following practice issues:
Pronouncements
Significant impacts expected from impending revenue Standard.
Change
Change in basis of segmental analysis.
Change
Auditor identifies new areas of focus.

Telenor ASA Monitor

Telenor ASA Annual Report 2014
CR Monitor Issue: 
2015/0911
Company covered: 
Telenor ASA
Period End: 
31 December 2014
Report issued on 28 September 2015 covered the following practice issues:
Change
Impending joint venture results in presentation as discontinued operation.
New
Summary of implications of impending revenue recognition principles disclosed.

Manx Telecom plc Monitor

Manx Telecom plc Annual Report 2014
CR Monitor Issue: 
2015/0514
Company covered: 
Manx Telecom plc
Period End: 
31 December, 2014
Report issued on 29 May 2015 covered the following practice issues:
Change
Listing costs analysed into income statement charge, capitalised and presented in equity.
Change
Past service pension gain and related charges presented net on income statement, leading to profit for year.
Change
Information given on separately disclosed income statement charges.
Change
Reported and underlying earnings per share disclosed.
Change
New format adopted for directors’ remuneration report.
Change
Risk management disclosures extended.

Gamma Communications plc Monitor

Gamma Communications plc Annual Report 2014
CR Monitor Issue: 
2015/0506
Company covered: 
Gamma Communications plc
Period End: 
31 December, 2014
Report issued on 15 May 2015 covered the following practice issues:
Change
Merger accounting principle from UK GAAP applied, as company lists on AIM.
Change
Segmental information introduced.
Change
Introduction of policy on revenue recognition.
Change
Loans to management disclosed as related party transactions.
Change
Introduction of note on fair value measurement of financial instruments.
Change
Primary statements adjusted to IFRS format.