IAS 7 'Cash flow statements'

HeidelbergCement AG Period End 31 December 2010

Submitted by YWang on Thu, 2011-09-15 14:09
HeidelbergCement AG Annual Report 2010
CR Monitor Issue: 
2011/0906
Company covered: 
HeidelbergCement AG
Period End: 
31 December 2010
Report issued on 15 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Change in disclosure of contribution of proportionately consolidated joint ventures from relative percentage to absolute numbers.
Change
Analysis of non-recurring income and expenses expanded.
Inconsistent
Maturity analysis of provisions provided without prior year comparatives.
Change
Liabilities on put options presented separately.
Change
Europe reportable segment splitted into two with a geographical analysis of revenue and non-current assets provided.
Change
Cash flows from changes in ownership interests in a subsidiary classified as financing.

Bayer AG Period End 31 December 2010

Submitted by Alisdair on Mon, 2011-04-04 09:50
Bayer AG Annual Report 2010
Improved elimination of intra-group transactions reduces equity
German chemical company Bayer reduces opening equity by €77 million, following implementation of an improved system for eliminating intra-group transfers of inventory and describes the change as applied retrospectively in the current year.

ThyssenKrupp AG Period End 30 September 2010

Submitted by Alisdair on Mon, 2011-01-10 11:56
ThyssenKrupp AG Annual Report 2010
Silent correction of a prior year error reduces retained earnings by 10%
German steel company ThyssenKrupp silently corrects a prior year error and moves post-employment benefit actuarial gains and losses and adjustments arising from the asset ceiling from a separate reserve to retained earnings which reduce by €382 million, although there is no impact on net assets.

Porsche Automobil Holding SE Period End 31 July 2010

Submitted by Alisdair on Fri, 2010-12-24 10:35
Porsche Automobil Holding SE Annual Report 2010
Gain and loss following deconsolidation recognised in separate income statement lines
German car manufacturer Porsche recognises in result of discontinued operations €15.9 billion loss on deconsolidation of Volkswagen and in continuing operations €7.8 billion gain on negative goodwill  from its ongoing interest in this company now classified as an associate.

Barratt Developments plc Period End 30 June 2010

Submitted by Company Reporting on Wed, 2010-11-03 14:47
Barratt Developments plc Annual Report 2010
Significant error in comparative cash flow statement corrected
UK housebuilder Barratt Developments corrects, without explicit acknowledgement, a material error in its comparative cash flow statement by excluding from cash flows a ‘make whole fee’ on early redemption of debt by a non-cash issue of notes, reducing comparative net cash outflows from investing activities by 39%.
No disclosure on means of placing newly raised capital to distributable reserve
UK housebuilder Barratt Developments allocates 91% of £693 million net proceeds of placing and rights issues to a distributable reserve without explaining how it has circumvented the requirements of the Companies Act 2006.

Close Brothers Group plc Period End 31 July 2009

Submitted by Company Reporting on Wed, 2009-12-02 12:00
Close Brothers Group plc Annual Report 2009

Materiality threshold on goodwill lowered as impairments recognised
UK bank Close Brothers moves to disclose its goodwill by material cash-generating unit (CGU), having previously stated that there were no material CGUs, in a year in which goodwill impairments reduce pre-tax profit by 18%.

Liquidity issues lead to substantial reclassification out of cash
UK bank Close Brothers reclassifies as a non-cash item £751 million available for sale floating rate notes, representing 76% of a fall in cash and cash equivalents over the year.