Employee information

Hammerson plc Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-08-04 09:17
Hammerson plc Annual Report 2010
CR Monitor Issue: 
2011/0804
Company covered: 
Hammerson plc
Period End: 
31 December 2010
Report issued on 04 August 2011 covered the following practice issues:
Divergence
Future operating lease receipts restated without explanation
Divergence
New information on share-based plans indicates previous lack of adequate disclosure.
Change
Explanation of how figures recommended for disclosure by European Public Real Estate Association are calculated.
Change
Gain on sale of associate disclosed in note.

Skanska AB Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-06-09 06:58
Skanska AB Annual Report 2010
CR Monitor Issue: 
2011/0603
Company covered: 
Skanska AB
Period End: 
31 December 2010
Report issued on 09 June 2011 covered the following practice issues:
Restatement
New accounting policy on construction of real estate delays revenue recognition.
Restatement
New accounting policy on service concessions affects timing of revenue recognition in joint ventures and associates.
Divergence
Company claims that adjusted figures reflect its operations better than IFRS figures.
Change
Voluntary segmental disclosures in statement of cash flows.

ASML Holding NV Period End 31 December 2010

Submitted by Alisdair on Wed, 2011-04-13 09:47
ASML Holding NV Annual Report 2010
Undue reliance on US GAAP’s concept of control widens scope of consolidation
Dutch semiconductor manufacturer ASML consolidates a special purpose entity (SPE) that it controls, following changes to US GAAP which it uses to interpret the concept of control in SIC 12 “Consolidation – special purpose entities”, although there is relevant guidance in SIC 12.
Cash measured at fair value is reclassified to the highest category
Dutch semiconductor manufacturer ASML reclassifies money market funds to Level 1 from Level 2 of the fair value hierarchy of IFRS 7 “Financial instruments: disclosures”, but discloses elsewhere that it classifies them as loans and receivables.

DSG International plc Period End 1 May 2010

Submitted by SCowley on Wed, 2010-09-01 12:54
DSG International plc Annual Report 2010
One-off gain arises from curtailing employee pension rights
UK retailer DSG International limits the pension rights of its UK employees, recognising a one-off £33.4 million curtailment gain that represents 29.5% of pre-tax profit, in a year which has seen a large rise in its defined benefit pension obligations.
Premium on share issue moved to distributable reserve
UK retailer DSG International allocates £245 million raised from shareholders to a distributable reserve, increasing retained earnings by almost 28%.

Air France-KLM SA Period End 31 March 2010

Submitted by Company Reporting on Thu, 2010-08-05 11:03
Air France-KLM SA Annual Report 2010
Notice given of large non-recurring gain on revaluation
French airline Air France-KLM discloses that part-disposal of an interest in a former associate on which it will recognise a €282 million gain next year, will lead to a further €749 million gain on revaluation of the residual interest at fair value.

TUI Travel plc Period End 30 September 2009

Submitted by Company Reporting on Mon, 2010-02-08 00:00

Discontinued operation contributes 58% of loss for year
UK travel business TUI Travel classifies as discontinued in the current year a business bought exclusively with a view to resale last year, whose trading and impairment losses contribute 58% of its total loss for the year.

Corporate reporting takes further steps online
UK travel business TUI Travel incorporates video content into the online version of its annual report by reference, whilst the auditor’s report cites a webpage on audit scope following amendment to the UK version of an International Auditing Standard.

Etablissementen Franz Colruyt NV Period End 31 March 2009

Submitted by Company Reporting on Wed, 2009-09-16 23:00
Etablissementen Franz Colruyt NV Annual Report 2009

Information on controlling parties highlights prior year non-compliance with IFRS

Belgian food retailer Colruyt discloses in its audited accounts that parties who act in concert, including the Colruyt family and taking account of treasury shares, together control 57% of its share capital, highlighting prior year non-compliance with IFRS.

Electrocomponents plc Period End 31 March 2009

Submitted by Company Reporting on Sun, 2009-09-13 23:00
Electrocomponents plc Annual Report 2009

Pension scheme restrictions increase pre-tax profit by 22%

UK electronics company Electrocomponents recognises in the income statement pension curtailment and past service gains that together reduce its pension deficit by half and increase pre-tax profit by 22%, with past service credit recognised immediately on expiry of a window for early retirement.

J Sainsbury plc Period End 21 March 2009

Submitted by Company Reporting on Tue, 2009-08-11 23:00

Fair value losses on investment property held in joint ventures reduce profit by 21%

UK retailer J Sainsbury moves to the fair value model for investment property held within two joint ventures, leading to a £124 million decline in fair value in the year that reduces profit before tax by 21%.