AXA

AXA SA Period End 31 December 2010

AXA SA Annual Report 2010
CR Monitor Issue: 
2011/0711
Company covered: 
AXA SA
Period End: 
31 December 2010
Report issued on 25 July 2011 covered the following practice issues:
Inconsistent
Reclassifications but no statement of financial positions for earliest comparative period.
Change
Table showing the maturities, notional values and fair values of derivatives now identifies the purpose for which these derivatives are used.
Change
Change in presentation of financial expenses relating to undated subordinated debt component of equity.
Change
Change in geographical disclosure relating to income tax.

AXA SA Period End 31 December 2005

Shadow accounting reduces assets
French insurance company AXA's adoption of shadow accounting reduces deferred acquisition costs by 5% and purchased business in force by 12% following recognition of accumulated unrealised losses.