Business disposals

Close Brothers Group plc Period End 31 July 2011

Submitted by YWang on Wed, 2012-01-25 15:27
Close Brothers Group plc Annual Report 2011
CR Monitor Issue: 
2012/0111
Company covered: 
Close Brothers Group plc
Period End: 
31 July 2011
Report issued on 25 January 2012 covered the following practice issues:
Change
Impairment arising from an adjusting post balance sheet reduces profit by 31.4%.
Change
Businesses within Asset Managment division disposed of classified as discontinued operations.
Change
Changes in disclosures in a note to operating profit before tax including more detailed disaggregations.

Standard Life plc Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-12-13 17:02
Standard Life plc Annual Report 2010
CR Monitor Issue: 
2011/1202
Company covered: 
Standard Life plc
Period End: 
31 December 2010
Report issued on 14 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Move from 'underlying profit' to 'operating profit' as non-GAAP measure of performance.
Restatement
Business classified as discontinued operation with income statement restated.
Change
Former reportable segments combined.
Change
Debt and equity investments disclosed separately on face of balance sheet.

BG Group plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-26 10:35
BG Group plc Annual Report 2010
CR Monitor Issue: 
2011/1011
Company covered: 
BG Group plc
Period End: 
31 December 2010
Report issued on 26 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Presentation currency changes to US dollars as functional currency remains Sterling.
Change
Intangible asset model adopted for service concession under IFRIC 12 "Service concession arrangements".
Change
Power generation businesses treated as discontinued operations, with remaining power plants transferred to other operating segments.

Pearson plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-19 11:59
Pearson plc Annual Report 2010
CR Monitor Issue: 
2011/1007
Company covered: 
Pearson plc
Period End: 
31 December 2010
Report issued on 19 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Actuarial gain recognised in other comprehensive income following change in pensions inflation index.
Change
Non-controlling interest measured initially at proportionate share of net assets.
Change
Business classified as discontinued operations with consequent change in segmentation.
Divergence
Trade creditors included in maturity analysis of cash flows associated with financial liabilities, following IFRS.
Change
Information on reduction in UK tax rate disclosed.
Change
Transaction with non-controlling interest included in financing activities.

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.

Allianz SE Period End 31 December 2010

Submitted by YWang on Tue, 2011-09-27 09:44
Allianz SE Annual Report 2010
CR Monitor Issue: 
2011/0910
Company covered: 
Allianz SE
Period End: 
31 December 2010
Report issued on 27 September 2011 covered the following practice issues:
Inconsistent
Changes in policies for index options and related credits to policyholders' accounts but no disclosure of the current year impact.
Change
Separate disclosure for available-for-sale government bonds allocated to Greece, Ireland and Portugal.
Change
Separate note provided for disclosure of accounting estimates and assumptions.
Change
Net run-off triangles of Property-Casualty business disclosed in a note.
Change
Increase in disclosure of significant disposals.

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.

Groupe Danone Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-08-24 09:17
Groupe Danone Annual Report 2010
CR Monitor Issue: 
2011/0815
Company covered: 
Groupe Danone
Period End: 
31 December 2010
Report issued on 24 August 2011 covered the following practice issues:
Restatement
Goodwill eliminated as policy on previous put option liabilities brought into line with policy for options issued in current year, in line with local GAAP recommendation.
Change
Creation of combined business treated as a business combination with non-controlling interests arising.
Change
Grouping of significant items in 'other operating income and expenses' explained by reference to local GAAP recommendation issued in light of revised IAS 1 "Presentation of financial statements".
Change
End to offsetting of financial assets against financial debt on face of balance sheet.
Change
Cash flows from transactions with non-controlling interests classed together in financing activities.

Brisa - Auto-Estradas de Portugal SA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-08-02 09:49
Brisa - Auto-Estradas de Portugal SA Annual Report 2010
CR Monitor Issue: 
2011/0802
Company covered: 
Brisa - Auto-Estradas de Portugal SA
Period End: 
31 December 2010
Report issued on 02 August 2011 covered the following practice issues:
Restatement
Adoption of new Interpretation on service concession arrangements leads to restatement.
Divergence
Senior management remuneration restated after Company Reporting criticism, but without explanation.
Change
Gain on disposal of business included in 'investment income'.
Change
Segmentation changes following change of policy on service concession arrangements.
Restatement
Restated foreign currency sensitivity analysis leads to lack of clarity.