8630 Real Estate Investment & Services

Grainger plc Monitor

Grainger plc Annual Report 2016
CR Monitor Issue: 
2017/0809
Company covered: 
Grainger plc
Period End: 
30 September, 2016
Report issued on 15 August 2017 covered the following practice issues:
Change
Businesses disposed of reflected as discontinued operations
Change
Movements in investment in joint venture no longer disclosed separately for net assets and loans.
Divergence
No presentation of reconciliations of movements in property, plant & equipment, intangible assets and provisions.
Change
Disclosure of significant accounting policies in each individual relevant note.
Pronouncements
Disclosure of change in non-audit services policy in line with FRC guidance
Change
Directors’ remuneration policy revised to align with strategic goals.

Savills PLC Monitor

Savills PLC Annual Report 2016
CR Monitor Issue: 
2017/0610
Company covered: 
Savills PLC
Period End: 
31 December, 2016
Report issued on 27 June 2017 covered the following practice issues:
Change
Additional goodwill recognised on finalisation of provisional acquisition fair values.
Change
Earn-out linked to business acquisitions accounted for separately.
Change
De-recognition of non-controlling interest on acquisition of remaining stake.

Unite Group plc Monitor

Unite Group plc Annual Report 2016
CR Monitor Issue: 
2017/0601
Company covered: 
Unite Group plc
Period End: 
31 December, 2016
Report issued on 6 June 2017 covered the following practice issues:
Change
Reversal of deferred tax liability following decision to convert into a Real Estate Investment Trust.
New
Brexit identified as principal risk.
Change
Separate disclosures of tax for each line item of other comprehensive income.

Daejan Holdings PLC Monitor

Daejan Holdings PLC Annual Report 2016
CR Monitor Issue: 
2017/0103
Company covered: 
Daejan Holdings PLC
Period End: 
31 March, 2016
Report issued on 9 January 2017 covered the following practice issues:
Change
Change in accounting policy to carry fixed rate loans and borrowings at amortised cost following initial recognition.
Change
Disclosure of a reconciliation showing the difference between the total of future minimum lease payments and present values.
Pronouncements
Viability statement looking forward for five years presented.

F&C Commercial Property Trust Limited Monitor

F&C Commercial Property Trust Limited Annual Report 2015
CR Monitor Issue: 
2016/0903
Company covered: 
F&C Commercial Property Trust Limited
Period End: 
31 December, 2015
Report issued on 13 September 2016 covered the following practice issues:
Change
Acquired entity accounted as acquisition of an asset.
New
Note on ‘List of Subsidiaries’ added, showing pictorial hierarchical relationship.
Change
Disclosure on amendments to the existing Articles of Incorporation given

Savills plc Monitor

Savills plc Annual Report 2015
CR Monitor Issue: 
2016/0802
Company covered: 
Savills plc
Period End: 
31 December, 2015
Report issued on 12 August 2016 covered the following practice issues:
Change
Estimated useful life range disclosed in respect of customer relationships altered.
Pronouncements
Introduction of viability statement looking forward for three years.
Restatement
Segmental information restated follow business acquisition.

Daejan Holdings plc Monitor

Daejan Holdings plc Annual Report 2015
CR Monitor Issue: 
2015/1008
Company covered: 
Daejan Holdings plc
Period End: 
31 March, 2015
Report issued on 26 October 2015 covered the following practice issues:
Change
New independence agreement disclosed with controlling shareholders under listing rules.

LXB Retail Properties Plc Monitor

LXB Retail Properties Plc Annual Report 2014
CR Monitor Issue: 
2015/0509
Company covered: 
LXB Retail Properties Plc
Period End: 
30 September, 2014
Report issued on 22 May 2015 covered the following practice issues:
Pronouncements
Additional disclosure on valuation methods, as investment property classed at Level 3 of fair valuation hierarchy.
Change
Revenue and costs from ongoing construction of property sold disclosed in note.
Divergence
Transfer between capital reserves in current year as a result of share buybacks in last two years not fully explained.

Grainger plc Monitor

Grainger plc Annual Report 2014
CR Monitor Issue: 
2015/0115
Company covered: 
Grainger plc
Period End: 
30 September 2014
Report issued on 27 January 2015 covered the following practice issues:
Pronouncements
Property portfolio classed at Level 3 of fair value hierarchy.
Pronouncements
Early adoption not foreseen for new IFRS Standards.