Capital instruments

Accor SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-26 09:08
Accor SA Annual Report 2010
CR Monitor Issue: 
2011/1010
Company covered: 
Accor SA
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
Gain recognised as demerger leads to fair valuation of dividend under IFRIC Interpretation.
Change
Duplication omitted from reserve accounting.
Restatement
No explanation of restatement of loan assets.
Inconsistent
Still no comparatives as segmental table left blank in English edition of accounts.

Deutsche Borse AG Period End 31 December 2010

Submitted by YWang on Tue, 2011-09-27 13:59
Deutsche Borse AG Annual Report Year
CR Monitor Issue: 
2011/0911
Company covered: 
Deutsche Borse AG
Period End: 
31 December 2010
Report issued on 27 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Change to base segments sorely on markets.
Change
Capitalised development expenditure no longer reported as income.
Change
Volume related costs separated from operating costs with new income statement line items added.
Change
Improvement in disclosure of the acturial assumptions by country.
Change
An intra-group restructuring leads to changes in the calculation of solvency ratios.

AXA SA Period End 31 December 2010

Submitted by YWang on Fri, 2011-07-22 11:09
AXA SA Annual Report 2010
CR Monitor Issue: 
2011/0711
Company covered: 
AXA SA
Period End: 
31 December 2010
Report issued on 25 July 2011 covered the following practice issues:
Inconsistent
Reclassifications but no statement of financial positions for earliest comparative period.
Change
Table showing the maturities, notional values and fair values of derivatives now identifies the purpose for which these derivatives are used.
Change
Change in presentation of financial expenses relating to undated subordinated debt component of equity.
Change
Change in geographical disclosure relating to income tax.

Heineken NV Period End 31 December 2010

Submitted by YWang on Tue, 2011-07-12 09:10
Heineken NV Annual Report 2010
CR Monitor Issue: 
2011/0706
Company covered: 
Heineken NV
Period End: 
31 December 2010
Report issued on 12 July 2011 covered the following practice issues:
Change
New equity components arising from an acquisition represent 32% of total.
Change
Cash flows from acquisition of non-controlling interests classified as financing whilst interest paid and received now disclosed separately.
Change
Customer-related and contracted-based intangible assets shown as two classes following significant additions.
Change
Analysis of deferred tax across now includes amounts set off.
Change
Disclosure of guarantees moved from off-balance sheet commitments note to contingencies note.

DnB NOR ASA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-06-27 10:28
DnB NOR Annual Report 2010
CR Monitor Issue: 
2011/0614
Company covered: 
DnB NOR ASA
Period End: 
31 December 2010
Report issued on 28 June 2011 covered the following practice issues:
Divergence
Gain on business disposal included in other operating income, although smaller one-off gains given separate line on income statement.
Change
Buy-out of non-controlling interest accounted for through equity under revised IAS 27 "Consolidated and separate financial statements".
Change
Change to defined benefit pension arrangements treated as curtailment with gain arising.
Change
Maturity analysis of financial instruments in liquidity disclosures includes financial assets, as maturity policies and concerns over sovereign debt disclosed.

Fiat SpA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-04-26 06:10
Fiat SpA Annual Report 2010
CR Monitor Issue: 
2011/0405
Company covered: 
Fiat SpA
Period End: 
31 December 2010
Report issued on 26 April 2011 covered the following practice issues:
Divergence
Inadequate disclosure as demerger treated as outside scope of IFRIC 17.
Change
Reconciliation of US GAAP and IFRS accounts of associate.
Change
Intentions for share capital disclosed in light of demerger.
Change
Implications of demerger for share-based payments disclosed.
Change
Gain on remeasurement of prior holding recognised on acquisition.
Change
Buy-out of non-controlling interest treated as equity transaction.

British Broadcasting Corporation Period End 31 March 2010

Submitted by Alisdair on Mon, 2011-02-28 08:03
British Broadcasting Corporation Annual Report 2010
UK broadcaster’s move to IFRS increases lease recognition
UK public service broadcaster the British Broadcasting Corporation (the BBC) adopts IFRS for its 2010 annual report, leading to a reclassification of some operating leases as finance leases with consequent £161 million decrease in closing equity.
Slimmed down early retirement obligations give rise to one-off gain
UK public service broadcaster the British Broadcasting Corporation (the BBC) reduces its pension scheme obligations to staff and recognises a consequent £334 million one-off past service gain in its income statement that represents 65.2% of the corporation’s surplus before taxation for the year.
Disclosure of off-balance sheet arrangements follows new Companies Act requirement
UK public service broadcaster the British Broadcasting Corporation (the BBC) interprets a Companies Act 2006 amendment incorporating European legislation to require disclosure of £3.4 billion fixed payments due under outsourcing and similar arrangements, but does not include variable payments.

Share Premium and Elimination of Authorised Capital

This report reviews a selection of companies that have issued shares but have placed share premium to distributable reserves rather than share premium account.

Britvic plc Period End 3 October 2010

Submitted by Alisdair on Mon, 2011-02-07 08:12
Britvic plc Annual Report 2010
“Exceptional and other” costs turn profit into loss
UK soft drinks company Britvic classifies £138 million costs as “exceptional and other”, including £116 million impairments, that turn profit into a £28.8 million loss.
Share issue structured to create £89.3 million distributable reserve
UK soft drinks company Britvic structures a share issue to utilise merger relief under the Companies Act 2006 and creates an £89.3 million distributable reserve, bypassing the requirement for application of share premium to a non-distributable reserve.

Bellway plc Period End 31 July 2010

Submitted by Alisdair on Fri, 2011-01-07 14:41
Bellway plc Annual Report 2010
Fair value disclosure suggests change in evaluation of materiality
UK housebuilder Bellway discloses that the fair value of a bank loan is £5 million less than carrying value whereas last year, although the difference was greater, indicated it was not material.