9000 Technology

ASML Holding N.V. Monitor

ASML Holding N.V. Annual Report 2016
CR Monitor Issue: 
2017/0911
Company covered: 
ASML Holding N.V.
Period End: 
31 December, 2016
Report issued on 26 September 2017 covered the following practice issues:
Change
Detailed description of what significant goodwill recognised on business combination represents.
Change
Free cash flow added as a new key performance indicator.
New
Introduction of discussion on strategic objectives in respect of stakeholder groups.
Change
Additional principal risks identified in respect of development of new technology and uncertainties in respect of investment to be acquired.
Change
Audit report enhanced by inclusion of extended discussion on audit approach and scope including the use of diagrams.
New
Discussion of directors remuneration policy added to supervisory board report.

Rightmove plc Monitor

Rightmove plc Annual Report 2016
CR Monitor Issue: 
017/0805
Company covered: 
Rightmove plc
Period End: 
31 December, 2016
Report issued on 08 August 2017 covered the following practice issues:
Pronouncements
Summarised non-quantified disclosure of the future impacts of new standards, IFRS 15 and IFRS 16.
Change
Qualitative disclosure of what goodwill recognised in a business acquisition represents.
Change
Introduction of extended information in respect of Non-GAAP performance measures.
Change
Audit report presentation enhanced by inclusion of graphics and tables.

The Sage Group plc Monitor

The Sage Group plc Annual Report 2016
CR Monitor Issue: 
2017/0707
Company covered: 
The Sage Group plc
Period End: 
30 September, 2016
Report issued on 17 July 2017 covered the following practice issues:
Change
Designation as "Exceptional (non-recurring) items" identified as a significant accounting and reporting matter in corporate governance report.
Change
'Changes in finance systems and processes' identified as a risk of material misstatement by auditors.
Pronouncements
Un-quantified disclosure added regarding impact of impending revenue recognition standard.
Change
Newly acquired 20.7% holding in investment accounted for as an associate using the equity method.
New
Flowchart added to directors remuneration report showing amended conditions attached to performance share plan.
New
Directors remuneration report enhanced by inclusion of remuneration at a glance section.

Imagination Technologies Group plc Monitor

Imagination Technologies Group plc Annual Report 2016
CR Monitor Issue: 
2017/0410
Company covered: 
Imagination Technologies Group plc
Period End: 
30 April, 2016
Report issued on 25 April 2017 covered the following practice issues:
Change
Breach of a covenant of a borrowing facility results in re-classification of a liability as current.
Change
Discussion of going concern assumption includes reference to covenant breach.
Change
Disclosure of principal risks extended to include discussion of covenant breach.
Change
Income statement format altered with "separately disclosable items" highlighted in a separate column.
Restatement
Research and development disclosure restated following a more appropriate cost allocation.
New
Separate disclosure of movements in provisions introduced.

Fair Value measurement -ASML Holding N.V.

Period End: 
31 December, 2016
Period End Date: 
2016-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
9576 Semiconductors
Auditor: 
KPMG

Infineon Technologies AG Monitor

Infineon Technologies AG Annual Report 2016
CR Monitor Issue: 
2017/0304
Company covered: 
Infineon Technologies AG
Period End: 
30 September, 2016
Report issued on 14 March 2017 covered the following practice issues:
Restatement
Restatement of segment information as a result of reallocation of a business.
Change
Presentation of deferred tax assets altered to be net of valuation allowance.
Change
Disclosure of items on which no deferred tax assets are recognised is added.

AVEVA Group plc Monitor

AVEVA Group plc Annual Report 2016
CR Monitor Issue: 
2017/0109
Company covered: 
AVEVA Group plc
Period End: 
31 March, 2016
Report issued on 23 January 2016 covered the following practice issues:
Restatement
Alteration of income statement format results in aggregation of selling & distribution expenses and administrative expenses.
Change
Change in cost allocation results in restatement of selling & distribution costs and administrative expenses.
Change
Change in basis of segment reporting from business type to geographic location.
Change
Allocation of goodwill to cash generating units altered following change in organisational structure.
Restatement
Goodwill decreased following finalisation of asset fair values and consideration in relation to prior year business combination.
Change
Movement in opening deferred tax following a change in tax rates.

Dassault Systèmes Monitor

Dassault Systèmes Annual Report 2015
CR Monitor Issue: 
2016/0805
Company covered: 
Dassault Systèmes
Period End: 
31 December, 2015
Report issued on 16 August 2016 covered the following practice issues:
Change
Finalisation of provisional accounting results in recognition of additional goodwill.
Change
Disclosure of sensitivity analysis for assumptions made in valuation of defined benefit pension obligation.
New
Settlement reduction in defined benefit pension plan assets and obligation

Iomart Group plc Monitor

Iomart Group plc Annual Report 2015
CR Monitor Issue: 
2016/0210
Company covered: 
Iomart Group plc
Period End: 
31 March, 2015
Report issued on 19 February 2016 covered the following practice issues:
Pronouncements
Scope of guidance in impending revenue Standard noted.
Change
Terms of post balance sheet acquisition disclosed.

Aveva Group plc Monitor

Aveva Group plc Annual Report 2015
CR Monitor Issue: 
2016/0201
Company covered: 
Aveva Group plc
Period End: 
31 March, 2015
Report issued on 05 February 2016 covered the following practice issues:
Change
Goodwill impairment test method changes from value in use to fair value less costs to sell, with no impairment.
Divergence
Fair value hierarchy level of goodwill measured at fair value less costs to sell not disclosed.
Change
Skills and attributes of assembled workforce explained in goodwill disclosures.
Change
Introduction of colour coded scheme to assess level and potential impact of risks.