Dividends

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.

Discontinued operations

Focusing on a sample drawn from 17 large listed European companies that report under IFRS, this report reviews income statement and cash flow statement disclosures about discontinued operations.

Koninklijke Philips Electronics NV Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-06-15 10:41
Koninklijke Philips Electronics NV Annual Report 2010
CR Monitor Issue: 
2011/0610
Company covered: 
Koninklijke Philips Electronics NV
Period End: 
31 December 2010
Report issued on 15 June 2011 covered the following practice issues:
Change
Significant gain recognised on sale of available for sale financial asset to own pension fund.
Change
Restriction on pension rights leads to further gain as negative past service costs recognised.
Change
Information on expenses by nature added in accordance with IFRS requirements.
Change
IFRS format adopted for order of items on balance sheet.

Casino, Guichard-Perrachon SA Period End 31 December 2009

Submitted by Company Reporting on Mon, 2010-06-07 08:39
Casino, Guichard-Perrachon SA Annual Report 2009
Recognition of gain on dividend in specie increases profit by 20.2%
French retailer Casino, Guichard-Perrachon distributes shares in a subsidiary without losing control and recognises a €139 million gain in the income statement that increases pre-tax profit by 20.2%, noting that impending revisions to IFRS will not permit the current treatment.
Gap emerges in IFRS over accounting treatment of new French tax regime
French retailer Casino, Guichard-Perrachon discloses that it intends to account for elements of a new tax based on value added under IAS 12 “Income taxes” with effects on the income statement and deferred tax, as guidance by the French Accounting Standards Authority permits varying treatments.

BlueBay Asset Management plc Period End 30 June 2009

Submitted by Company Reporting on Thu, 2009-12-03 00:00
BlueBay Asset Management plc Annual Report 2009

Fund units purchased for employee benefits reclassified as prepayments
UK investment manager BlueBay Asset Management (BlueBay) changes its policy to initially record fund units purchased for the benefit of its employees as prepayments rather than financial assets at fair value through profit or loss that reduces total assets by 9.5% and total liabilities by 28.7%.

Exceptional costs reduce profit by 21.5%
UK investment manager BlueBay Asset Management (BlueBay) classifies as exceptional £4.8 million costs which relate to redundancy and relocation of US operations and reduce profit by 21.5%.

BlueBay Asset Management plc Period End 30 June 2009

Submitted by Alisdair on Thu, 2009-12-03 00:00
BlueBay Asset Management plc Annual Report 2009

Fund units purchased for employee benefits reclassified as prepayments
UK investment manager BlueBay Asset Management (BlueBay) changes its policy to initially record fund units purchased for the benefit of its employees as prepayments rather than financial assets at fair value through profit or loss that reduces total assets by 9.5% and total liabilities by 28.7%.

Exceptional costs reduce profit by 21.5%
UK investment manager BlueBay Asset Management (BlueBay) classifies as exceptional £4.8 million costs which relate to redundancy and relocation of US operations and reduce profit by 21.5%.

Ashmore Group plc Period End 30 June 2009

Submitted by Company Reporting on Tue, 2009-10-13 23:00
Ashmore Group plc Annual Report 2009

Only intrinsic value of options designated as cash flow hedges

UK investment manager Ashmore enters into options to hedge the currency risk of future US dollar management fee income and designates only their intrinsic value as cash flow hedges.

Close Brothers Group plc Period End 31 July 2007

Submitted by Company Reporting on Wed, 2007-11-14 00:00
Close Brothers Annual Report 2007

Capital adequacy monitored as KPI

UK bank Close Brothers adds its capital adequacy ratio to its key performance indicators and adds to its risk disclosures.

Materiality invoked to explain disclosure levels

UK bank Close Brothers applies thresholds of materiality to explain the omission of information required by IFRS when material.