Topic wise KAMs extracted from Annual Reports of FMCG Companies (including Beverages) of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:

1. Supplier rebate and discounts
2. Taxation
3. Revenue recognition
4. Indirect tax provisions and contingencies
5. Direct tax provisions and contingencies
6. Carrying value of goodwill and intangible assets
7. Provisions and contingent liabilities
8. Taxation matters
9. Presentation of exceptional items, including business disposals
10. Post employment benefit obligations
11. Determining the amount of the group’s retirement benefit obligations
12. Determination of the provision for impairment of trade receivables in Severn Trent Water Limited
13. Determination of current and deferred tax balances
14. Determining the classification of costs between operating expenditure and capital expenditure in Severn Trent Water Limited
15. Revenue recognition risk in relation to the estimation of unbilled revenue in Severn Trent Water Limited