Associated undertakings

OMV AG Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-12-16 17:08
OMV AG Annual Report 2010
CR Monitor Issue: 
2011/1210
Company covered: 
OMV AG
Period End: 
31 December 2010
Report issued on 16 December 2011 covered the following practice issues:
Change
Gain on remeasurement of prior interest on combination, that increases pre-tax profit by 9.6%, included in net financial result.
Divergence
Belated disclosure of why 10% interest in associate gives significant influence
Change
Land leases reassessed as finance leases, but with little effect.
Change
Enhanced disaggregation of cash flows on acquisitions in note to cash flow statement.

Television Francaise 1 SA - TF1 Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-14 15:17
Television Francaise 1 SA - TF1 Annual Report 2010
CR Monitor Issue: 
2011/1204
Company covered: 
Television Francaise 1 SA - TF1
Period End: 
31 December 2010
Report issued on 14 December 2011 covered the following practice issues:
Change
Significant gains on remeasuring prior holdings on acquisitions.
Change
Equity accounting ended as call option ends significant influence.
Change
Transfers of businesses between segments follow changes of management intentions.
Divergence
Unexplained change to analysis of revenue.

Telekom Austria AG Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-11-29 16:30
Telekom Austria AG Annual Report 2010
CR Monitor Issue: 
2011/1113
Company covered: 
Telekom Austria AG
Period End: 
31 December 2010
Report issued on 30 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Segmentation changes to geographical basis following increasing demand for convergent products.
Change
Gain recognised on remeasuring former interest in company acquired in the year.
Restatement
Some comparative revenue from sale of merchandise reclassified as service revenue.
Restatement
Comparative revenue of associates restated significantly without explanation.

Elan Corporation plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-23 11:39
Elan Corporation plc Annual Report 2010
CR Monitor Issue: 
2011/1109
Company covered: 
Elan Corporation plc
Period End: 
31 December 2010
Report issued on 23 November 2011 covered the following practice issues:
Change
Provision recognised for investigation that was an unquantified contingency in previous period.
Inconsistent
No separate line for share of result of associate on income statement.
Change
Change in segmental disclosure of impairments.
Restatement
Exposure to credit risk restated.

Atlas Copco AB Period End 31 December 2010

Submitted by YWang on Wed, 2011-11-16 16:30
Atlas Copco AB Annual Report 2010
CR Monitor Issue: 
2011/1107
Company covered: 
Atlas Copco AB
Period End: 
31 December 2010
Report issued on 16 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Impairment disclosed separately in segmental information.
Change
Cash flows from purchase and sale of rental equipment reclassified from investing to operating, with the description of revenue recognition policy changed to include sale of rental equipment.
Change
Financial information about associates changed to show 100% rather than the company's share.
Change
Changes in reconciliation of movements in pension assets result in benefits paid no longer being equivalent to benefit paid in the reconciliation of movements in liabilities.
Change
Service contract no longer shown as a separate class of provisions.
Change
Separate disclosure of auditor's fees relating to tax services.

Orkla ASA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-10-03 15:17
Orkla ASA Annual Report 2010
CR Monitor Issue: 
2011/1001
Company covered: 
Orkla ASA
Period End: 
31 December 2010
Report issued on 04 October 2011 covered the following practice issues:
Change
Impairment of associate leads to loss for year as market value of associate treated as equivalent to impairment test result.
Change
Impairment assumptions disclosed for individual business units.
Change
Business presented as discontinued operation.
Change
Improved disaggregation of equity reserves.
Change
Significant impact foreseen from expected change to IFRS requirements on operating leases.
Restatement
Correction of misstated figures on share options.

Gains And Losses Linked To Associated Undertakings

This report examines where in the income statement gains and losses linked to an associate, that are separate from the share of profit or loss of the associate, are presented.

SSAB AB Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-08-12 14:47
SSAB AB Annual Report 2010
CR Monitor Issue: 
2011/0809
Company covered: 
SSAB AB
Period End: 
31 December 2010
Report issued on 12 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Directors' variable remuneration payments recognised on cash basis.
Inconsistent
Share of associate amounts disclosed rather than total.
Change
Reportable segments based on geographical locations rather than operational activity.
Change
Auditors' fees analysed by nature of service.
Restatement
Opening balance of reserves restated in correction of error.

Hammerson plc Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-08-04 09:17
Hammerson plc Annual Report 2010
CR Monitor Issue: 
2011/0804
Company covered: 
Hammerson plc
Period End: 
31 December 2010
Report issued on 04 August 2011 covered the following practice issues:
Divergence
Future operating lease receipts restated without explanation
Divergence
New information on share-based plans indicates previous lack of adequate disclosure.
Change
Explanation of how figures recommended for disclosure by European Public Real Estate Association are calculated.
Change
Gain on sale of associate disclosed in note.

Groupe Bruxelles Lambert SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-08-02 12:53
Groupe Bruxelles Lambert SA Annual Report 2010
CR Monitor Issue: 
2011/0803
Company covered: 
Groupe Bruxelles Lambert SA
Period End: 
31 December 2010
Report issued on 02 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Business combination gives rise to €33.3 million goodwill.
Change
Accounting policies note expanded to include information about associates.