S&P Europe 350

Standard Chartered plc

Submitted by Company Reporting on Tue, 2012-02-07 11:30
Standard Chartered plc Annual Report 2010
CR Monitor Issue: 
2012/0203
Company covered: 
Standard Chartered plc
Period End: 
31 December 2010
Report issued on 07 February 2012 covered the following practice issues:
Restatement
Prior year income restated in light of reclassification of financial instruments in 2008.
Divergence
No explanation of decision to treat cash flows from senior debt as financing activity.
Change
Forthcoming UK government levy on qualifying liabilities disclosed.
Change
Increased disaggregation in segmental disclosures.
Change
Dividend per share figures restated for bonus element in rights issue.

Reckitt Benckiser Group plc

Submitted by Company Reporting on Thu, 2012-02-02 15:56
Reckitt Benckiser Group plc Annual Report 2010
CR Monitor Issue: 
2012/0202
Company covered: 
Reckitt Benckiser Group plc
Period End: 
31 December 2010
Report issued on 02 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Reason for business combination disclosed in terms of increased sector presence.
Change
Goodwill included with brands in table of indefinite life assets by cash-generating unit.
Restatement
Comparative trade receivables past due but not impaired reduced without explanation.
Change
Share premium account included in reserves following share issue.

The British Land Company plc Period End 31 March 2011

Submitted by YWang on Wed, 2012-02-01 09:39
The British Land Company plc Annual Report 2010
CR Monitor Issue: 
2012/0201
Company covered: 
The British Land Company plc
Period End: 
31 March 2011
Report issued on 01 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
EPRA earnings per share revised.
Change
Disclosure of share of cash flows from joint ventures and funds.

Serco Group plc Period End 31 December 2010

Submitted by Company Reporting on Tue, 2012-01-31 11:02
Serco Group plc Annual Report 2010
CR Monitor Issue: 
2012/0114
Company covered: 
Serco Group plc
Period End: 
31 December 2010
Report issued on 31 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
New segmental structure applied, as capital expenditure by segment excludes finance leases.
Change
Adjusted operating profit added to face of income statement.
Restatement
Employee costs restated without explanation.

Compagnie Financière Richemont SA Period End 31 March 2011

Submitted by YWang on Fri, 2012-01-27 14:40
Compagnie Financière Richemont SA Annual Report 2011
CR Monitor Issue: 
2012/0113
Company covered: 
Compagnie Financière Richemont SA
Period End: 
31 March 2011
Report issued on 27 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Land lease relationships reclassified from operating to financing leases following an amendment to IAS 17.
Change
Adjustment made to time band in a maturity analysis of financial liabilities.

Aviva plc Period End 31 December 2010

Submitted by Company Reporting on Fri, 2012-01-27 10:20
Aviva plc Annual Report 2010
CR Monitor Issue: 
2012/0112
Company covered: 
Aviva plc
Period End: 
31 December 2010
Report issued on 27 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Pension costs reclassified on income statement, but net presentation retained.
Change
Gain realised on acquisition of former associate as fair value established by market consistent embedded value.
Change
Cash inflow from partial disposal with control retained moved from investing to financing activities on statement of cash flows.

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.

Metro AG Period End 31 December 2010

Submitted by Company Reporting on Wed, 2012-01-18 13:58
Metro AG Annual Report 2010
CR Monitor Issue: 
2012/0107
Company covered: 
Metro AG
Period End: 
31 December 2010
Report issued on 18 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Some land leases reclassified from operating to finance leases.
Change
Weighted average cost of capital calculation more differentiated following establishment of new profit centre.
Inconsistent
No disclosure of current year effect as bills of exchange reclassified from financial to trade liabilities with consequent effect on net debt.
Change
Concept of net working capital brought into line with other companies in statement of cash flows.
Divergence
Leasehold improvements reclassified from land and buildings to other plant and equipment, but explanation lacks clarity.

Land Securities Group plc Period End 31 March 2011

Submitted by YWang on Fri, 2012-01-13 10:26
Land Securities Group plc Annual Report 2011
CR Monitor Issue: 
2012/0104
Company covered: 
Land Securities Group plc
Period End: 
31 March 2011
Report issued on 13 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Changes to disclosures about employee number and costs lack clarity.
Change
Introduction of a table showing movements in tenant lease incentives.

Severn Trent Period End 31 March 2011

Submitted by davids on Thu, 2012-01-12 10:42
Severn Trent plc Annual Report 2011
CR Monitor Issue: 
2012/0103
Company covered: 
Severn Trent Plc
Period End: 
31 March 2011
Report issued on 12 January 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Assets transfered from customers recognised at fair value on IFRIC 18 adoption.
Change
Maturity analysis dropped from financial instrument fair value against book value breakdown.
Change
Disclosure of development expenditure capitalisation criteria expanded.