7000 Utilities

Drax Group plc Monitor

Drax Group plc Annual Report 2017
CR Monitor Issue: 
2018/0811
Company covered: 
Drax Group plc
Period End: 
31 December, 2017
Report issued on 20 August 2018 covered the following practice issues:
Pronouncements
Extended disclosure in relation to the future impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Change
Discussion of key audit matters included in auditor's report.
Change
Disclosure of a qualitative description of the factors that make up business acquisition goodwill.
Change
Expansion of detail in the income statement linked to inclusion of additional line items.
Change
Detailed disclosure of new share-based payment plans.
Change
Enhanced segmental reporting including disclosure of capital expenditure by segment.

National Grid plc Monitor

National grid plc Annual Report 2018
CR Monitor Issue: 
2018/0809
Company covered: 
National grid plc
Period End: 
31 March, 2018
Report issued on 14 August 2018 covered the following practice issues:
Pronouncements
Extended disclosure as to the future impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenues from contracts with customers" including quantifcation.
Change
Multi-column income statement format adopted highlighting exceptional items and re-measurements.
Change
Re-classification of commodity derivative contracts in statement of financial position.
Change
Disclosure in respect of US tax changes including reduction of corporate income tax rate from 35% to 21%.

Red Eléctrica Corporación, S.A. Monitor

Red Eléctrica Corporación, S.A. Annual Report 2017
CR Monitor Issue: 
2018/0723
Company covered: 
Red Eléctrica Corporación, S.A.
Period End: 
31 December, 2017
Report issued on 31 July 2018 covered the following practice issues:
Pronouncements
Disclosure extended in respect of the impacts of IFRS 9 "Financial instruments", IFRS 15 "Revenues from contracts with customers" and IFRS 16 "Leases".
Pronouncements
Presentation of a reconciliation of movements in liabilities arising form financing activities following adoption of amendment to IAS 7 "Statement of cash flows".

Centrica plc Monitor

Centrica plc Annual Report 2017
CR Monitor Issue: 
2018/0615
Company covered: 
Centrica plc
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Restatement
Change in presentation of exceptional items.
Pronouncements
Extended disclosure in respect of new accounting standards issued but not yet effective namely IFRS 9 "Financial instruments"and IFRS 17 "Insurance contracts".
Change
Discussion of key audit matters included in auditors' report.
Change
Enhanced risk disclosures including the presentation of risk framework and risk management diagrams.

E.ON SE Monitor

E.ON SE Annual Report 2017
CR Monitor Issue: 
2018/0518
Company covered: 
E.ON SE
Period End: 
31 December, 2017
Report issued on 22 May 2018 covered the following practice issues:
Change
Extended disclosure of key audit matters included in audit report.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 "Statement of cash flows".
Pronouncements
Extended disclosure in respect of new standards issued but not yet applicable including impact quantification.

Fortum Oyj Monitor

Fortum Oyj Annual Report 2017
CR Monitor Issue: 
2018/0514
Company covered: 
Fortum Oyj
Period End: 
31 December, 2017
Report issued on 15 May 2018 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new accounting standards issued but not yet adopted including IFRS 15, IFRS 9 and IFRS 16.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7.
Change
Enhanced disclosure in respect of future minimum lease payments.
Change
Extended disclosure in respect of capital commitments.
Restatement
Change in the segment reporting structure.

RWE AG Monitor

Company Name Annual Report Year
CR Monitor Issue: 
2018/0408
Company covered: 
RWE AG
Period End: 
31 December, 2017
Report issued on 10 April 2018 covered the following practice issues:
Pronouncements
Additional cash flow disclosure of changes in liabilities arising from financing activities.
Pronouncements
Extended disclosure on the future impacts of new standards.
Change
Audit report extended by inclusion of additional key audit matters
Change
Change in segment analysis.
Change
Expanded risk disclosures.

United Utilities Group PLC Monitor

United Utilities Group PLC Annual Report 2017
CR Monitor Issue: 
2018/0316
Company covered: 
United Utilities Group PLC
Period End: 
31 March, 2017
Report issued on 27 March 2018 covered the following practice issues:
Pronouncements
Disclosure of proposed changes to non-audit services policy.
Pronouncements
Extended disclosure on the future impact of IFRS 9 "Financial instruments".
Pronouncements
Disclosure on the future impact of IFRS 15 "Revenue from contracts with customers".
Pronouncements
Quantified information as to the future impact of IFRS 16 "Leases".
Change
Summarised disclosure in respect of proposed changes in directors' remuneration policy.
Change
Disclosure of derivatives included in pension scheme asset categories.

SSE plc Monitor

SSE plc Annual Report 2017
CR Monitor Issue: 
2018/0313
Company covered: 
SSE plc
Period End: 
31 March, 2017
Report issued on 20 March 2018 covered the following practice issues:
Change
Equity accounting applied in respect of joint venture investment following loss of control.
Pronouncements
Disclosure of impacts of future adoption of IFRS 9 "Financial instruments".
Pronouncements
Disclosure of expected future impacts of IFRS 15 "Revenues from contracts with customers" on revenue streams.
Pronouncements
Disclosure of expected impacts in respect of future adoption of IFRS 16 "Leases".
Change
Principal risk disclosures enhanced by inclusion of risk heat map.
Change
Alternative performance measures section included in annual report.

National grid plc Monitor

National grid plc Annual Report 2017
CR Monitor Issue: 
2017/1111
Company covered: 
National grid plc
Period End: 
31 March, 2017
Report issued on 11 November 2017 covered the following practice issues:
Change
Classification of UK gas distribution business as a discontinued operation.
Pronouncements
Non-quantified disclosure of the expected future impacts on adoption of IFRS 9, IFRS 15 and IFRS 16.