7535 Conventional Electricity

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.

Financial instruments - Vattenfall AB

Period End: 
31 December 2014
Period End Date: 
2014-12-31
Listing Status: 
Unlisted
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
Ernst & Young

Hedge Accounting - Fortum Oyj

Period End: 
31 December, 2014
Period End Date: 
2014-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
Deloitte & Touche

Drax Group plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0902
Period End: 
30 June 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
Deloitte
Change
Removal of climate change levy exemption expected to reduce EBITDA, with downside scenarios considered.
Restatement
Explanation given of intra-group transactions, as internal restructuring increases segmentation.
Change
Proposed reductions in corporate taxes disclosed.

SSE plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2015/0206
Period End: 
30 September 2014
Listing Status: 
FTSE 100
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
KPMG
Pronouncements
Joint arrangement classed as joint operation.
Pronouncements
Adoption of new rules on levies may impact future accounting policies.
Change
Assets and liabilities held for sale classed as current on the face of balance sheet.
Change
Internal corporate structuring to create distinctly audited subsidiaries disclosed.

Hedge accounting - SSE plc

Period End: 
31 March 2014
Period End Date: 
2014-03-31
Listing Status: 
FTSE 100
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
KPMG
Annual Report: 

Red Eléctrica Corporación, S.A. Monitor

Red Eléctrica Corporación, S.A. Annual Report 2013
CR Monitor Issue: 
2014/0815
Company covered: 
Red Eléctrica Corporación, S.A.
Period End: 
31 December 2013
Report issued on 26 August 2014 covered the following practice issues:
Divergence
Company explains restatement of deferred tax by referring to IFRS requirement as permitted treatment.
Change
Former associate consolidated following increase in interest, with non-controlling interest recognised.

Scottish and Southern Energy plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
2014/0202
Period End: 
30 September 2013
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
KPMG
Pronouncements
Revised IAS 19 reduces profit before tax, but no impact on total comprehensive income.
Pronouncements
Disclosures on financial instruments at fair value introduced.
Change
Changes in cash flow statement to focus on operating cash flows separately from movements in working capital.
Change
Analysis of costs changes to reflect management reporting.

Provisions - Red Electrica SA

Period End: 
31 December 2011
Period End Date: 
2011-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
7535 Conventional Electricity
Auditor: 
PricewaterhouseCoopers