7570 Gas, Water & Multiutilities

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%.

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.

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.

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.

National Grid plc Monitor

National Grid plc Annual Report 2016
CR Monitor Issue: 
2016/1101
Company covered: 
National Grid plc
Period End: 
31 March, 2016
Report issued on 1 November 2016 covered the following practice issues:
Change
Enhanced clarity of audit report by using graphical and tabular presentations.
Change
Disclosure of summarised financial information for a material joint venture.
Change
Segment analysis of net book value of property, plant and machinery and other intangible asset presented.
Change
Disclosure of aggregated information relating to pensions and other post-retirement benefits.

Severn Trent Plc Monitor

Severn Trent Plc Annual Report 2016
CR Monitor Issue: 
2016/1005
Company covered: 
Severn Trent Plc
Period End: 
31 March, 2016
Report issued on 10 October 2016 covered the following practice issues:
Restatement
Grant contributions received in respect of infrastructure assets treated as deferred income rather than deducted from value of asset.
Change
Reporting segments redefined but prior year comparative information is not available.
Change
Maturity analysis of gross obligation under finance lease is disclosed separately.

Centrica plc Monitor

Centrica plc Annual Report 2015
CR Monitor Issue: 
2016/0510
Company covered: 
Centrica plc
Period End: 
31 December, 2015
Report issued on 24 May 2016 covered the following practice issues:
Change
Going concern of the company identified as an area of audit focus.
Change
Impact of reduction in the tax rate identified as exceptional item.
Change
Change in profit measure used for evaluating segmental performance.
Pronouncements
Brief disclosure of impending leases Standard.
Pronouncements
Viability statement published, looking ahead for three years.