Auditors' fees

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.

Alfa Laval AB Period End 31 December 2010

Submitted by YWang on Thu, 2011-09-29 10:39
Alfa Laval AB Annual Report 2010
CR Monitor Issue: 
2011/0912
Company covered: 
Alfa Laval AB
Period End: 
31 December 2010
Report issued on 29 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Improvement in disclosure of intangible assets other than goodwill by class.
Change
Quantitative disclosures about financial covenants and outcomes provided.
Change
More detailed disaggregation of auditors' fees.
Change
Summarised financial information of joint ventures disclosed.

Assa Abloy AB Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-09-02 15:24
Assa Abloy AB Annual Report 2010
CR Monitor Issue: 
2011/0903
Company covered: 
Assa Abloy AB
Period End: 
31 December 2010
Report issued on 05 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Breakdown of executive team remuneration includes the cost of a newly established share-based payment plan.
Change
Changes related to other comprehensive income disclosed separately within the statement of changes in equity.
Change
Auditors' fees analysed by type of service.
Change
Country sales breakdown sees greater disaggregation.
Change
Comparatives not consistent with current year impairment presentation.

Teliasonera AB (publ) Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-09-01 15:24
Teliasonera AB (publ) Annual Report 2010
CR Monitor Issue: 
2011/0902
Company covered: 
Teliasonera AB (publ)
Period End: 
31 December 2010
Report issued on 01 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Foreign exchange derivative cash flows reflected within financing activities rather than operating activities.
Change
Fees paid to auditors analysed by type of service received.
Change
Operations moved from reportable segment to other operations.
Change
Equity attributable to owners of the parent analysed between "Capital" and "Reserves and retained earnings".

BAE Systems plc Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-09-01 09:52
BAE Systems plc Annual Report 2010
CR Monitor Issue: 
2011/0901
Company covered: 
BAE Systems plc
Period End: 
31 December 2010
Report issued on 01 September 2011 covered the following practice issues:
Change
Inflation index gain on move to Consumer Prices Index for pensions recognised in other comprehensive income.
Change
Former associate classed as discontinued operation with residual interest treated as financial asset.
Change
Business combination adjusted for resolution of dispute on receipt of payment from former owners.
Change
Deferred tax remeasured for fall in corporation tax rate.
Divergence
Fees for audit services relating to pension schemes disclosed following UK regulations, with belated comparative.

Bayerische Motoren Werke AG Period End 31 December 2010

Submitted by YWang on Fri, 2011-08-19 09:59
Bayerische Motoren Werke AG Annual Report 2010
CR Monitor Issue: 
2011/0813
Company covered: 
Bayerische Motoren Werke AG
Period End: 
31 December 2010
Report issued on 19 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Reassigning hedges to the held for trading category introduces an apparent non-compliance with IFRS.
Change
Fair value hierarchy disclosure improved by inclusion of hedges.
Change
Lack of clarity in disclosure of refinement of the inputs to the model used to fair value derivatives.
Restatement
No explanation for restating comparative maturity analysis of financial liabilities on derivatives.
Change
Disclosure of auditors' fees now includes those paid to auditors of a subsidiary in the CIS counties.
Change
China now reported separately in the geographical segmental disclosures following a significant increase in revenue from that country.

Holmen AB Period End 31 December 2010

Submitted by YWang on Tue, 2011-08-16 07:06
Holmen AB Annual Report 2010
CR Monitor Issue: 
2011/0810
Company covered: 
Holmen AB
Period End: 
31 December 2010
Report issued on 16 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Primary financial statements now accompanied by management commentary.
Change
Silviculture provision no longer shown as a separate class.
Change
Inclusion of a Sustainability Report.
Change
Disclosures of risk management now presented in a separate section in management commentary with those relating to financial risks moved from financial statements.
Change
Amendment to Swedish legislation prompts more detailed disclosure about auditors' fees.

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.

ThyssenKrupp AG Period End 30 September 2010

Submitted by Alisdair on Mon, 2011-01-10 11:56
ThyssenKrupp AG Annual Report 2010
Silent correction of a prior year error reduces retained earnings by 10%
German steel company ThyssenKrupp silently corrects a prior year error and moves post-employment benefit actuarial gains and losses and adjustments arising from the asset ceiling from a separate reserve to retained earnings which reduce by €382 million, although there is no impact on net assets.

BlueBay Asset Management plc Period End 30 June 2010

Submitted by YWang on Mon, 2010-10-25 09:34
BlueBay Asset Management plc Annual Report 2010
Comprehensive disclosure about post balance sheet change in tax rate
UK investment manager BlueBay Asset Management indicates the impact of a 1% reduction in corporation tax rate, which was substantially enacted after its balance sheet date, not only on deferred tax balances but also on the income statement and equity.