8300 Banks

BNP Paribas Fortis SA/NV Monitor

BNP Paribas Fortis SA/NV Annual Report 2017
CR Monitor Issue: 
2018/1020
Company covered: 
BNP Paribas Fortis SA/NV
Period End: 
31 December, 2017
Report issued on 23 October 2018 covered the following practice issues:
Change
Discussion of key audit matters included in audit report.
Pronouncements
Extended disclosure in respect of the impacts of IFRS 9 "Financial instruments" and IFRS 15 "Revenue from contracts with customers".
Change
Changes made in respect of segmental reporting structure.
Change
Disclosure of reduction in corporate income tax rate linked to reform of tax legislation.
Change
Changes in accounting method for a number of entities from the equity method to full consolidation.

Julius Baer Group Ltd Monitor

Julius Baer Annual Report 2017
CR Monitor Issue: 
2018/0722
Company covered: 
Julius Baer Group
Period End: 
31 December, 2017
Report issued on 31 July 2017 covered the following practice issues:
Pronouncements
Extended disclosure in respect of new accounting standards issued but not yet effective including IFRS 9 "Financial instruments" and IFRIC 23 "Uncertainty over income tax treatments".
Change
Nature and estimated financial effect disclosed in respect of post balance sheet acquisition of subsidiary minority interest.
Change
Reclassification of issuance and repayment of financial liabilities designated at fair value from cash flow from financing activities to cash flow from operating activities.

Svenska Handelsbanken AB

Svenska Handelsbanken Annual Report 2017
CR Monitor Issue: 
2018/0705
Company covered: 
Svenska Handelsbanken Annual Report 2017
Period End: 
Svenska Handelsbanken
Report issued on 03 July 2018 covered the following practice issues:
Pronouncements
Enhanced disclosure added in respect of impact of IFRS 9 "Financial instruments".
Change
Separate disclosure added in respect of insurance business risk.

Standard Chartered plc Monitor

Standard Chartered Annual Report 2017
CR Monitor Issue: 
2018/0612
Company covered: 
Standard Chartered plc
Period End: 
31 December, 2017
Report issued on 19 June 2018 covered the following practice issues:
Change
Discussion of key audit matters included in auditors' report.
Change
Change in balance sheet format including inclusion of extra line items.
Pronouncements
Detailed disclosure of expected impact of IFRS 9 "Financial instruments" including quantification.
Pronouncements
Introduction of a reconciliation of movements in liabilities arising from financing activities on adoption of amendment to IAS 7 "Statement of cash flows".
Restatement
Recognition of prior year adjustment in respect of contingent liabilities and commitments.

Swedbank AB Monitor

Swedbank AB Annual Report 2017
CR Monitor Issue: 
2018/0510
Company covered: 
Swedbank AB
Period End: 
31 December, 2017
Report issued on 05 May 2018 covered the following practice issues:
Change
Goodwill arising on business combination attributed to expected synergies.
Pronouncements
Disclosure of expected impact of new standards issued but not yet applicable namely IFRS 17 and IFRS 15.
Restatement
Restatement of net interest income and other general administrative expenses.
Restatement
Restatement of figures in respect of cash flow from financing activities.
New
Introduction of new disclosure on valuation categories of financial instruments.

Nordea Bank AB Monitor

Nordea Bank AB Annual Report 2017
CR Monitor Issue: 
2018/0405
Company covered: 
Nordea Bank AB
Period End: 
31 December, 2017
Report issued on 3 April 2018 covered the following practice issues:
Pronouncements
Discussion in respect of new accounting standards issued but not yet applicable including IFRS 17 "Insurance contracts" and IFRS 15 "Revenues from contracts with customers".
Pronouncements
Detailed disclosure of expected impact of IFRS 9 "Financial instruments" inducing quantification.
Restatement
Reporting segments restated.

Danske Bank A/S Monitor

Danske Bank A/S Annual Report 2017
CR Monitor Issue: 
2018/0319
Company covered: 
Danske Bank A/S
Period End: 
31 December, 2017
Report issued on 27 March 2017 covered the following practice issues:
Pronouncements
Detailed disclosures in respect of future impacts of new standards including quantification in respect of IFRS 9 "Financial instruments".
Change
Disclosure of the impact of inter-segment transfers.
Restatement
Restatement of statement of changes in equity without explanation.

Lloyds Banking Group plc Monitor

Lloyds Banking Group plc Annual Report 2016
CR Monitor Issue: 
2017/1104
Company covered: 
Lloyds Banking Group plc
Period End: 
31 December, 2016
Report issued on 14 November 2017 covered the following practice issues:
Pronouncements
Detailed disclosure of expected impacts on adoption of new financial instruments standard.
Change
Recognition of gain in other comprehensive income following re-classification of instrument from held-to-maturity to available-for-sale.
Restatement
Restatement of segment reporting information following a change in management structure.
Change
Identification of new areas of audit focus in respect of significant transactions and privileged access to information technology.
Change
Reconciliation of movements disclosed in relation to non-life insurance contracts.

Metro Bank PLC Monitor

Metro Bank PLC Annual Report 2016
CR Monitor Issue: 
2017/0711
Company covered: 
Metro Bank PLC
Period End: 
31 December, 2016
Report issued on 25 July 2017 covered the following practice issues:
Change
Management review includes extended disclosure of risk factors and risk management.
New
Introduction of directors’ remuneration report to the annual report.
Change
Audit report enhanced by inclusion of new sections on audit approach, scope of audit and areas of audit focus, materiality and going concern.
Pronouncements
Capital management disclosures enhanced by introduction of country by country reporting in line with new capital reporting requirements.

Provisions - Close Brothers Group plc

Period End: 
31 July, 2016
Period End Date: 
2016-07-31
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
8777 Investment Services
Auditor: 
Deloitte