Directors' remuneration

UBM plc Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-11-25 14:00
UBM plc Annual Report 2010
CR Monitor Issue: 
2011/1111
Company covered: 
UBM plc
Period End: 
31 December 2010
Report issued on 25 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Former operating segment split into two as geographical divisions evolve.
Change
Irrelevant disclosure removed from other reserves note.
Restatement
Directors' remuneration report restated for medical cover and cash payment in lieu of pension.
Change
More detail given on factors giving rise to goodwill on acquisitions.
Restatement
Financial liabilities restated from current to non-current without explanation.

Logica plc Period End 31 December 2010

Submitted by YWang on Fri, 2011-10-07 15:56
Logica plc Annual Report 2010
CR Monitor Issue: 
2011/1003
Company covered: 
Logica plc
Period End: 
31 December 2010
Report issued on 07 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Changes in internal management reporting prompt revision of reportable segments.
Inconsistent
Goodwill disclosure still not following IFRS.
Change
Impact of change in UK corporation tax rate disclosed.
Change
Changes in key performance indicators to improve disclosures.
Change
Additional information given in directors' remuneration report including the principles applied.

Commerzbank AG Period End 31 December 2010

Submitted by YWang on Tue, 2011-08-16 09:30
Company Name Annual Report Year
CR Monitor Issue: 
2011/0811
Company covered: 
Commerzbank AG
Period End: 
31 December 2010
Report issued on 16 August 2011 covered the following practice issues:
Change
Financial statements lines revised to follow the requirements under IFRS.
Change
Reporting structure for net interest income of a subsidiary aligned with own structure.
Change
Correction of prior year errors in reporting financial instruments at fair value through profit or loss as being measured at amortised cost.
Change
Time bands used in maturity analysis of the nominal values of derivatives harmonised with those elsewhere.
Change
"More precise details" of remuneration to managing directors provided including share-based payments.
Change
Brand names and customer relationships now shown separately within intangible assets.

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.

Belgacom SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-08-10 09:07
Belgacom SA Annual Report 2010
CR Monitor Issue: 
2011/0807
Company covered: 
Belgacom SA
Period End: 
31 December 2010
Report issued on 11 August 2011 covered the following practice issues:
Change
Gain recognised as shareholders' agreement determines timing of full consolidation of former joint venture.
Change
Five year pension history highlights previous non-compliance with IFRS.
Restatement
Stock options included in remuneration of key management personnel.
Restatement
Investments moved to Level 1 of fair value hierarchy.
Restatement
Categorisation of cash and cash equivalents changed.

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.

Swedish Match AB Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-06-29 10:26
Swedish Match AB Annual Report 2010
CR Monitor Issue: 
2011/0616
Company covered: 
Swedish Match AB
Period End: 
31 December 2010
Report issued on 29 June 2011 covered the following practice issues:
Divergence
Unrecognised portion of gain on contribution of businesses in exchange for interest in associate is described as deferred rather than eliminated.
Change
Company adopts Global Reporting Initiative guidelines as structure of sustainability reporting.
Change
Gain arises as transfer of pension commitments to insurer leads to their being accounted for as defined contribution schemes.
Change
Segmentation changed following contribution of businesses to new associate.
Restatement
Unexplained restatement of comparative directors' remuneration.

Novozymes A/S Period End 31 December 2010

Submitted by YWang on Fri, 2011-06-24 10:55
Novozymes A/S Annual Report 2010
CR Monitor Issue: 
2011/0613
Company covered: 
Novozymes A/S
Period End: 
31 December 2010
Report issued on 24 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Impairments recorded against know-how intangible assets and empty buildings.
Change
Useful lives of several know-how intangible assets reassessed and reduced.
Change
Improved disclosure of management remuneration.

Novo Nordisk A/S Period End 31 December 2010

Submitted by Alisdair on Wed, 2011-04-06 07:43
Novo Nordisk A/S Annual Report 2010
Gain on disposal included in share of profit of associates income statement line item
Danish healthcare company Novo Nordisk includes a DKK1.06 billion gain on disposal of an associate in its income statement line share of profit of associated companies.

Beazley plc Period End 31 December 2010

Submitted by Alisdair on Wed, 2011-03-23 08:06
Beazley plc Annual Report 2010
US$33.7 million income statement gain, along with an identical loss through other comprehensive income, arise from changing presentation and functional currency at different dates
Jersey registered insurance company Beazley changes from sterling to US dollar its presentation currency at the start of the year but changes its functional currency 3 months later leading to a US$33.7 million exchange gain in the income statement and “reversal” of this gain through other comprehensive income.