Goodwill

Debenhams plc Period End 3 September 2011

Submitted by YWang on Fri, 2012-01-06 15:34
Debenhams plc Annual Report 2011
CR Monitor Issue: 
2012/0101
Company covered: 
Debenhams plc
Period End: 
3 September 2011
Report issued on 6 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Revised assumptions in goodwill impairment test but still no sensitivity analysis provided.
Change
Disclosure of the effects of changes in tax rates.
Change
Disclosure of "change in severity and/or likelihood of risk during the course of 2011".

Finmeccanica SpA Period End 31 December 2010

Submitted by YWang on Wed, 2011-11-30 14:26
Finmeccanica SpA Annual Report 2010
CR Monitor Issue: 
2011/1114
Company covered: 
Finmeccanica SpA
Period End: 
31 December 2010
Report issued on 30 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Separate disclosures made for each current year acquisition.
Change
Disclosures of the allocation of goodwill to cash-generating units within one segment and the discount rate used by segment.
Change
Pension deficits and surpluses shown in the five-year history but still no disclosure of experience adjustments.

Man Group plc Period End 31 March 2011

Submitted by YWang on Fri, 2011-10-28 11:14
Man Group plc Annual Report 2011
CR Monitor Issue: 
2011/1014
Company covered: 
Man Group plc
Period End: 
31 December 2010
Report issued on 28 October 2011 covered the following practice issues:
Inconsistent
No impairment testing disclosure about US$1.4 billion goodwill arising from the GLG acquisition.
Change
Primary financial statements intergrated into notes.

Amec plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-19 13:13
Amec plc Annual Report 2010
CR Monitor Issue: 
2011/1008
Company covered: 
Amec 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
Contingencies recognised at fair value on business combination.
Inconsistent
Prior period error revealed as share-based payments included in presentation of senior management remuneration.
Change
Goodwill monitored for impairment at higher level.
Change
Segment assets and liabilities no longer disclosed.

Établissements Delhaize Frères et Cie “Le Lion” SA Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-10-13 16:04
Établissements Delhaize Frères et Cie “Le Lion” SA Annual Report 2010
CR Monitor Issue: 
2011/1005
Company covered: 
Établissements Delhaize Frères et Cie “Le Lion” SA
Period End: 
31 December 2010
Report issued on 14 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Restatement
Change of policy on buy-outs of non-controlling interests following change to IFRS rules leads to restatement of statement of cash flows.
Change
Additional disclosure on revenue in segmental disclosures.
Change
Pre-tax discount rate disclosed for impairment testing of goodwill.
Change
Gain recognised following move to defined contribution scheme by some employees.
Change
Exchange of debt instruments treated as debt modification.

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.

Erste Group Bank AG Period End 31 December 2010

Submitted by YWang on Thu, 2011-10-06 15:36
Erste Group Bank AG Annual Report 2010
CR Monitor Issue: 
2011/1002
Company covered: 
Erste Group Bank AG
Period End: 
31 December 2010
Report issued on 06 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Derivative financial instruments presented separately on the face of balance sheet.
Change
Movements in each component of equity now disclosed in the statement of changes in equity.
Change
Compensations to the Management and Supervisory boards no longer disaggregated across individual members.
Change
Tax expense analysed into current and prior periods.
Change
Increase in disclosure of testing goodwill for impairment.
Change
Credit exposure by industry analysed further in line with the balance sheet.

Anglo American plc Period End 31 December 2010

Submitted by YWang on Wed, 2011-09-21 16:18
Anglo American plc Annual Report 2010
CR Monitor Issue: 
2011/0908
Company covered: 
Anglo American plc
Period End: 
31 December 2010
Report issued on 21 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Simplified disclosures relating to special items and remeasurements.
Change
Segmental information about capital expenditure on a cash basis changed to include cash flows on derivatives.
Change
Cash flows from changes in ownership interests in subsidiaries that do not result in loss of control treated as financing activities.
Restatement
The aggregate amount of tax relating to other comprehensive income now includes tax on net exchange gain.
Change
Changes in reconciliations of movements in tangible and intangible assets.
Change
Improved disclosure of the key assumptions used in testing goodwill for impairment.

GDF SUEZ SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-09-13 14:08
GDF SUEZ SA Annual Report 2010
CR Monitor Issue: 
2011/0905
Company covered: 
GDF SUEZ SA
Period End: 
31 December 2010
Report issued on 13 September 2011 covered the following practice issues:
Change
Changes to obligations arising from pension reform accounted for as an actuarial loss.
Change
Assets including reimbursement rights and tax receivables no longer included in the loans and receivables category.
Restatement
Derivatives used to hedge commodities now included in fair value hierarchy disclosure.
Change
Pension actuarial gains and losses now recognised in "consolidated reserves" rather than a separate reserve.
Change
Items of other comprehensive income allocated to owners of the parent and non-controlling interests.
Change
Cash flows from changes in ownership interests in subsidiaries classified as financing activities.

Eni SpA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-09-07 10:07
Eni SpA Annual Report 2010
CR Monitor Issue: 
2011/0904
Company covered: 
Eni SpA
Period End: 
31 December 2010
Report issued on 12 September 2011 covered the following practice issues:
Restatement
Service concession assets reclassified from property, plant and equipment to intangible assets on adoption of IFRIC Interpretation.
Change
Goodwill impaired in light of reduced profitability expectations for cash-generating unit, with disclosure of reduced margins and sales volumes.
Change
Increased disclosure of new pricing and risk management strategies in light of change in market risk profile, following impairment.
Restatement
Revised classification of deferred tax balances by type.
Restatement
Statement of cash flows restated with loss of detail on exchange differences within operating cash flows, but increased disclosure of equity accounted investments.
Change
Transparency of invoices leads to fine, as investigation commenced into final billing and periodicity of billing in gas sector.