7000 Utilities

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.

Severn Trent plc Monitor

Severn Trent plc Annual Report Year
CR Monitor Issue: 
2017/1102
Company covered: 
Severn Trent plc
Period End: 
31 March, 2017
Report issued on 7 November 2017 covered the following practice issues:
Restatement
Business disposed of to newly formed joint venture reflected as discontinued operation.
Change
Goodwill on acquisition attributed to anticipated future synergies and future growth potential.
Change
Gain on disposal of Italian operations reflected as exceptional.
Change
New note to the accounts added discussing alternative performance measures.

United Utilities Group PLC Monitor

United Utilities Group PLC Annual Report 2016
CR Monitor Issue: 
2016/1206
Company covered: 
United Utilities Group PLC
Period End: 
31 March, 2016
Report issued on 12 December 2016 covered the following practice issues:
Change
Reclassification of operating cost items results in restatement of comparatives.
New
Reconciliation of net debt disclosed.
Pronouncements
Brief disclosure on the probable impact of new lease standard introduced.
Change
Disclosure of calculation of the fair value of matching share awards to directors.

SSE plc Monitor

SSE plc Annual Report 2016
CR Monitor Issue: 
2016/1107
Company covered: 
SSE plc
Period End: 
31 March, 2016
Report issued on 14 November 2016 covered the following practice issues:
Change
Sale of 49.9% equity share in subsidiary leads to recognition of minority interest and recognition of gain in reserves as there is no loss of control.
Change
Post balance sheet change in rights results in loss of control and reclassification of subsidiary as a joint ventures.
Change
Disclosures about changes in directors remuneration policy.
Change
Audit approach summary introduced to the audit report.
Change
Change in deprecation and related revenue recognition policy not fully explained.
Pronouncements
Disclosure of non-audit services policy in light of impending change in regulation.