Pensions

Deutsche Telekom AG Monitor

Deutsche Telekom Annual Report 2013
CR Monitor Issue: 
2014/0814
Company covered: 
Deutsche Telekom AG
Period End: 
31 December 2013
Report issued on 26 August 2014 covered the following practice issues:
Pronouncements
Change in accounting for termination benefits impacts pension costs and obligations.
Change
Goodwill recognised on proportionate basis in partial acquisition.
Divergence
Prospective exchange of licenses contributes to both write-down and disclosure of unexplained expected non-cash gain.
Pronouncements
Table of offset of financial assets and liabilities introduced.

Reed Elsevier Group plc Monitor

Reed Elsevier Group plc Annual Report 2013
CR Monitor Issue: 
2014/0811
Company covered: 
Reed Elsevier Group plc
Period End: 
31 December 2013
Report issued on 19 August 2014 covered the following practice issues:
Pronouncements
Adoption of new pension rules decreases comparative operating profit.
Pronouncements
Auditor adopts extended format for auditor's report.
Pronouncements
Directors' remuneration report changes in line with UK regulations.
Pronouncements
Strategic report included in management commentary.

Ladbrokes plc Monitor

Ladbrokes plc Annual Report 2013
CR Monitor Issue: 
2014/0810
Company covered: 
Ladbrokes plc
Period End: 
31 December 2013
Report issued on 19 August 2014 covered the following practice issues:
Change
Contingent consideration terms, caps and sensitivities disclosed for new business combinations.
Change
Earn-out agreement accounted for separately from business combination.
Pronouncements
Single discount rate applied to net pension liability.
Pronouncements
Auditor describes application of planning and performance materiality concepts.

Holmen AG Monitor

Holmen AG Annual Report 2013
CR Monitor Issue: 
2014/0808
Company covered: 
Holmen AG
Period End: 
31 December 2013
Report issued on 19 August 2014 covered the following practice issues:
Pronouncements
Sensitivity analyses and greater analysis of plan assets given in pension disclosures.
Pronouncements
Conditional rights of offset disclosed for derivatives.
Change
Former subsidiary classed as joint venture following partial disposal, with no related gain or loss disclosed.

Zurich Insurance Group Ltd Monitor

Zurich Insurance Annual Report 2013
CR Monitor Issue: 
2014/0806
Company covered: 
Zurich Insurance
Period End: 
31 December 2013
Report issued on 12 August 2014 covered the following practice issues:
Pronouncements
Revisions to scope of consolidation decrease comparative total assets and liabilities.
Pronouncements
New pension rules increase comparative profit before tax.
Change
Measures against excessive management remuneration disclosed.
Pronouncements
Additional disclosures on netting arrangements and fair value of investment properties.
Change
Presentational changes impact deferred policy acquisition costs.

E.ON SE Monitor

E.ON SE Annual Report 2013
CR Monitor Issue: 
2014/0805
Company covered: 
E.ON SE
Period End: 
31 December 2013
Report issued on 12 August 2014 covered the following practice issues:
Pronouncements
Table of offsetting under netting agreements introduced for financial instruments.
Pronouncements
Restatement and sensitivity disclosures for pension obligations.
Pronouncements
Chairman of board of management compensation disclosed voluntarily under impending format.

Clariant Ltd Monitor

Clariant Ltd Annual Report 2013
CR Monitor Issue: 
2014/0801
Company covered: 
Clariant Ltd
Period End: 
31 December 2013
Report issued on 05 August 2014 covered the following practice issues:
Pronouncements
Elimination of corridor approach for pensions reduces comparative equity by 12.3%.
Change
Some operations classified as discontinued and segmentation revised in light of current and planned business disposals.

Colt Group S.A. Monitor

Colt Group S.A. Annual Report 2013
CR Monitor Issue: 
2014/0714
Company covered: 
Colt Group S.A.
Period End: 
31 December 2013
Report issued on 25 July 2014 covered the following practice issues:
Divergence
Finance income cash flows reclassified from financing to investing activities, without explanation.
Pronouncements
New pension rules reduce profit.
Change
Voluntary adoption of UK format for directors' remuneration report.

Senior plc Monitor

Senior plc Annual Report 2013
CR Monitor Issue: 
2014/0713
Company covered: 
Senior plc
Period End: 
31 December 2013
Report issued on 25 July 2014 covered the following practice issues:
Divergence
Disclosure of quoted and unquoted pension plan assets without quantification.
Change
Charts used to indicate audit coverage in external auditor's report
Pronouncements
Directors' remuneration follows new UK format.