Additional non-financial information

Eni SpA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-09-07 10:07
Eni SpA Annual Report 2010
CR Monitor Issue: 
2011/0904
Company covered: 
Eni SpA
Period End: 
31 December 2010
Report issued on 12 September 2011 covered the following practice issues:
Restatement
Service concession assets reclassified from property, plant and equipment to intangible assets on adoption of IFRIC Interpretation.
Change
Goodwill impaired in light of reduced profitability expectations for cash-generating unit, with disclosure of reduced margins and sales volumes.
Change
Increased disclosure of new pricing and risk management strategies in light of change in market risk profile, following impairment.
Restatement
Revised classification of deferred tax balances by type.
Restatement
Statement of cash flows restated with loss of detail on exchange differences within operating cash flows, but increased disclosure of equity accounted investments.
Change
Transparency of invoices leads to fine, as investigation commenced into final billing and periodicity of billing in gas sector.

Thorntons plc Period End 26 June 2010

Submitted by Alisdair on Tue, 2010-11-30 11:23
Thorntons plc Annual Report 2010
Silent corrections of several minor errors
UK confectioners Thorntons corrects without explanation four errors, including three of IFRS compliance, that together suggest a previous lack of attention to detail and tells us how it evaluates materiality in the context of levels of disclosure.

Mediobanca - Banca di Credito Finanziario SpA Period End 30 June 2010

Submitted by Alisdair on Wed, 2010-11-24 08:17
Mediobanca - Banca di Credito Finanziario SpA Annual Report 2010
Restatements without explanation and discrepancies in amounts compromise reliability
Italian bank Mediobanca – Banca di Credito Finanziario restates several prior year comparatives without any explanation and inconsistencies between amounts shown in the balance sheet and the notes lead to an overall lack of transparency.

Perpetual Income and Growth Investment Trust plc Period End 31 March 2010

Submitted by Company Reporting on Fri, 2010-08-06 08:11
Perpetual Income and Growth Investment Trust plc Annual Report 2010
Error of 8.5% in calculation of comparative diluted return per share corrected
UK investment trust Perpetual Income and Growth Investment Trust restates its comparative diluted return per share (rps) to increase the diluted loss per share by 8.5% to 52.2p and tells us that this corrects an error in applying its policy the previous year.

Banco Bilbao Vizcaya Argentaria SA Period End 31 December 2009

Submitted by Company Reporting on Thu, 2010-04-22 13:48
Banco Bilbao Vizcaya Argentaria SA Annual Report 2009
Impairments heightened by write-down of goodwill
Spanish Bank Banco Bilbao Vizcaya Argentaria recognises €1.1 billion impairment of goodwill in businesses in the USA that reduces pre-tax profit by 16%, adding that reasonably possible changes to key assumptions may lead to further charges in the future.
Disclosures on contracts with resale and repurchase commitments revised and extended
Spanish bank Banco Bilbao Vizcaya Argentaria restates upwards by 2.3% the comparative amount of financial instruments purchased with resale commitments, telling us that it now includes contracts with the Bank of Spain.

Banco Bilbao Vizcaya Argentaria SA Period End 31 December 2009

Submitted by Alisdair on Thu, 2010-04-22 13:48
Banco Bilbao Vizcaya Argentaria SA Annual Report 2009
Impairments heightened by write-down of goodwill
Spanish Bank Banco Bilbao Vizcaya Argentaria recognises €1.1 billion impairment of goodwill in businesses in the USA that reduces pre-tax profit by 16%, adding that reasonably possible changes to key assumptions may lead to further charges in the future.
Disclosures on contracts with resale and repurchase commitments revised and extended
Spanish bank Banco Bilbao Vizcaya Argentaria restates upwards by 2.3% the comparative amount of financial instruments purchased with resale commitments, telling us that it now includes contracts with the Bank of Spain.

The Bankers Investment Trust plc Period End 31 October 2009

Submitted by Company Reporting on Tue, 2010-03-02 00:00

Separate disclosure about proposed changes to Articles of Association
UK investment trust The Bankers Investment Trust discloses separately proposed changes to its Articles of Association prompted by new requirements under the Companies (Shareholders’ Rights) Regulations 2009 and the Companies Act 2006.

TUI Travel plc Period End 30 September 2009

Submitted by Company Reporting on Mon, 2010-02-08 00:00

Discontinued operation contributes 58% of loss for year
UK travel business TUI Travel classifies as discontinued in the current year a business bought exclusively with a view to resale last year, whose trading and impairment losses contribute 58% of its total loss for the year.

Corporate reporting takes further steps online
UK travel business TUI Travel incorporates video content into the online version of its annual report by reference, whilst the auditor’s report cites a webpage on audit scope following amendment to the UK version of an International Auditing Standard.

Mediobanca - Banca di Credito Finanziario SpA Period End 30 June 2009

Submitted by Company Reporting on Fri, 2009-11-06 00:00

Upbeat equity accounting muffles significant unrecognised market value losses

Italian bank Mediobanca – Banca di Credito Finanziario reclassifies two more investments under 20% as associates, increasing to €646 million unrecognised losses relative to market price that amount to 11% of closing equity.