Banesto

Banco Español de Crédito SA Period End 31 December 2006

Submitted by Company Reporting on Wed, 2007-04-04 23:00

Banesto
Listed
Spain
Business disposals
Dividends
Earnings per share
Financial instruments
Goodwill
IAS 1 'Presentation of financial statements'
IAS 19 'Employee benefits'
IAS 32 'Financial instruments: disclosure and presentation'
IAS 33 'Earnings per share'
IAS 36 'Impairment of assets'
IAS 39 'Financial instruments: recognition and measurement'
IASB publication 'Framework for the preparation and presentation of financial statements'
IFRS 5 'Non-current assets held for sale and discontinued operations'
Provisions
Provisions & contingencies

Some extraordinary language!
Spanish bank Banco Español de Crédito recognises a €256 million provision for early retiral of employees over the next three years, but is unclear about the terms of the scheme and, contrary to IFRS, describes the provision as "extraordinary".

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Banco Español de Crédito SA Period End 31 December 2005

Submitted by Company Reporting on Mon, 2006-04-10 23:00

Banesto
Listed
Spain
Accounting policies
Cash flow statements
Consolidation
Corporate governance
Financial instruments
IAS 1 'Presentation of financial statements'
IAS 19 'Employee benefits'
IAS 27 (revised) 'Consolidated and separate financial statements'
IAS 32 'Financial instruments: disclosure and presentation'
IAS 39 'Financial instruments: recognition and measurement'
Pensions
Revenue recognition

Forward to IFRS but backwards for transparency
Spanish bank Banco Español de Crédito moves to IFRS although its transitional disclosures, whilst following Bank of Spain guidance, do not allow separation of the effects of the different changes.