IAS 1 'Presentation of financial statements'

Experian plc

Submitted by YWang on Wed, 2012-02-08 14:12
Experian plc Annual Report 2011
CR Monitor Issue: 
2012/0205
Company covered: 
Experian plc
Period End: 
31 March 2011
Report issued on 8 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Changing to use CPI rather than RPI as inflation measure gives rise to gains in both income statement and other comprehensive income.
Change
Changes made to income statement whereby costs are now classified by nature rather than by function.
Change
Revised classification of net finance costs between income and expense items.
Divergence
Analysis of other comprehensive income by item removed from statement of changes in equity but no concentration of such disclosures in a note.
Change
An associate disposed of classified as discontinued operation.
Change
Disclosure of fair values of assets and liabilities arising from current year acquisitions follows minimum requirement under revised IFRS 3.

Persimmon plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2012-01-25 11:26
Persimmon plc Annual Report 2010
CR Monitor Issue: 
2012/0110
Company covered: 
Persimmon plc
Period End: 
31 December 2010
Report issued on 25 January 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Effect of change in pensions inflation measure disclosed but not recognised, in contrast to two other companies.
Change
Refinancing of debt leads to classification of some finance income and charges as exceptional.
Change
Increase in non-current loans granted as part of sales transactions presented separately from working capital in statement of cash flows.
Change
Nominal value of consideration no longer presented in revenue note.

Kier Group plc Period End 30 June 2011

Submitted by Company Reporting on Mon, 2012-01-23 15:30
Kier Group plc Annual Report 2011
CR Monitor Issue: 
2012/0109
Company covered: 
Kier Group plc
Period End: 
30 June 2011
Report issued on 23 January 2012 covered the following practice issues:
Change
Profit on disposal of PFI joint ventures no longer classed as exceptional.
Change
Revised IFRS 3 adopted, but no gain or loss recognised on revaluation of prior interest on acquisition, as company equates previous carrying value with fair value.
Inconsistent
Interest on loans to joint ventures included in related party transactions, highlighting prior year non-compliance.

Hargreaves Lansdown plc Period End 30 June 2011

Submitted by YWang on Thu, 2012-01-19 15:33
Hargreaves Lansdown plc Annual Report 2011
CR Monitor Issue: 
2012/0108
Company covered: 
Hargreaves Lansdown plc
Period End: 
30 June 2011
Report issued on 19 January 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Cash and cash equivalents no longer included in fair value hierarchy disclosure.
Change
Separate disclosure of £3 million FSCS levy.
Change
Impact of change in tax rate disclosed.

Scottish and Southern Energy plc Period End 31 March 2011

Submitted by YWang on Wed, 2012-01-11 11:18
Scottish and Southern Energy plc Annual Report 2011
CR Monitor Issue: 
2012/0102
Company covered: 
Scottish and Southern Energy plc
Period End: 
31 March 2011
Report issued on 11 January 2011 covered the following practice issues:
Inconsistent
Correction of prior year non-compliances results in reclassification of 5.4% assets.
Change
Adoption of IFRIC 18 leads to accelerated recognition of revenue.
Change
Disclosure of the impact of changes in tax rates.
Change
Significant impairments classified as exceptional items.
Change
Adjusted earnings per share no longer presented on the face of income statement.

Rentokil Initial plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-21 13:46
Rentokil Initial plc Annual Report 2010
CR Monitor Issue: 
2011/1215
Company covered: 
Rentokil Initial plc
Period End: 
31 December 2010
Report issued on 21 December 2011 covered the following practice issues:
Change
Significant goodwill impairments on prior year acquisitions attributed to dampened cash flow forecasts.
Change
Change of pension inflation measure leads to income statement gain.
Change
"One-off items" disclosed on line of income statement and excluded from adjusted earnings per share.
Change
Brands disaggregated as separate class of intangible asset in table.

Statoil ASA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-12-20 12:00
Statoil ASA Annual Report 2010
CR Monitor Issue: 
2011/1213
Company covered: 
Statoil ASA
Period End: 
31 December 2010
Report issued on 20 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Assets held by captive insurance company excluded from table of financial assets held to manage liquidity risk.
Change
Unexplained reclassification within operating cash flows.
Change
Government reimbursements deducted from salaries in employee expense disclosures.

Elan Corporation plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-23 11:39
Elan Corporation plc Annual Report 2010
CR Monitor Issue: 
2011/1109
Company covered: 
Elan Corporation plc
Period End: 
31 December 2010
Report issued on 23 November 2011 covered the following practice issues:
Change
Provision recognised for investigation that was an unquantified contingency in previous period.
Inconsistent
No separate line for share of result of associate on income statement.
Change
Change in segmental disclosure of impairments.
Restatement
Exposure to credit risk restated.

Assicurazioni Generali SpA Period End 31 December 2010

Submitted by YWang on Thu, 2011-10-27 12:12
Assicurazioni Generali SpA Annual Report 2010
CR Monitor Issue: 
2011/1013
Company covered: 
Assicurazioni Generali SpA
Period End: 
31 December 2010
Report issued on 27 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Pension assumptions analysed by geographical location but other disclosures still provided only in aggregate.
Inconsistent
Comparatives in tax reconciliation no longer provided.
Change
Application of a "business approach" in segment reporting expanded to balance sheet disclosures but details are unclear.
Change
Provisions for taxation partially reclassified from "other provisions" to "tax payables".

Accor SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-26 09:08
Accor SA Annual Report 2010
CR Monitor Issue: 
2011/1010
Company covered: 
Accor SA
Period End: 
31 December 2010
Report issued on 26 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Gain recognised as demerger leads to fair valuation of dividend under IFRIC Interpretation.
Change
Duplication omitted from reserve accounting.
Restatement
No explanation of restatement of loan assets.
Inconsistent
Still no comparatives as segmental table left blank in English edition of accounts.