8773 Consumer Finance

Provident Financial plc Monitor

Provident Financial plc Annual Report 2016
CR Monitor Issue: 
2017/0804
Company covered: 
Provident Financial plc
Period End: 
31 December, 2016
Report issued on 08 August 2017 covered the following practice issues:
Pronouncements
Non-quantified impact disclosures in respect of IFRS 9 make reference to change in impairment method.
Change
Principal risk disclosures extended by inclusion of discussion of new risk factors.
Restatement
Restatement of amount of other receivables and prepayments & accrued income.

The Paragon Group Companies PLC Monitor

The Paragon Group Companies PLC Annual Report 2016
CR Monitor Issue: 
2017/0704
Company covered: 
The Paragon Group Companies PLC
Period End: 
30 September, 2016
Report issued on 11 July 2017 covered the following practice issues:
Change
Statement of changes in equity shows separately reconciliation of movements for each component of equity including comprehensive income and transaction with owner elements.
Change
A sensitivity analysis is added to the disclosure of critical accounting estimates.
New
Qualitative factors underlying goodwill recognised during the year explained.
Change
Presentation of auditors' report enhanced by inclusion of graphical presentation in respect of materiality.
Change
Auditors identify new areas of risk of material misstatement in respect of "Interest payable on asset backed loan notes" and "recoverability of goodwill".
Pronouncements
New principal risk factors added to tabular disclosure including capital risk linked to Basel Committee proposals.

Provident Financial plc Monitor

Provident Financial plc Annual Report 2015
CR Monitor Issue: 
2016/1205
Company covered: 
Provident Financial plc
Period End: 
31 December, 2015
Report issued on 12 December 2016 covered the following practice issues:
Change
Gain on fair value measurement of an investment classified as "available for sale" recognised in other comprehensive income.
New
Introduction of a risk map for describing risks and their impact.
Pronouncements
Change in Companies Act results in disclosure of full list of subsidiaries.

The Paragon Group of Companies plc Monitor

The Paragon Group of Companies plc  Annual Report 2013
CR Monitor Issue: 
2014/0301
Company covered: 
The Paragon Group of Companies plc
Period End: 
30 September 2013
Report issued on 03 March 2014 covered the following practice issues:
Change
Expected cash flows disclosed for purchased assets.
Change
Net debt reconciliation published, following UK FRC initiative.
Pronouncements
Format of directors’ remuneration report changed.

The Paragon Group of Companies plc Monitor

The Paragon Group of Companies plc Annual Report 2012
CR Monitor Issue: 
2013/0207
Company covered: 
The Paragon Group of Companies plc
Period End: 
30 September 2012
Report issued on 11 February 2013 covered the following practice issues:
Change
Impaired loan percentages explained.

Albemarle & Bond Holdings plc Monitor

Albemarle & Bond Holdings plc Annual Report 2012
CR Monitor Issue: 
2012/1013
Company covered: 
Albemarle & Bond Holdings plc
Period End: 
30 June 2012
Report issued on 30 October 2012 covered the following practice issues:
Restatement
Employee benefit trust tax moved to statement of changes in equity.
Change
Goodwill tested for impairment at lower level.
Change
Explanation given for reduction in write-off of bad debts.
Change
New external capital reporting requirements disclosed.