IAS 12 'Income taxes'

Hargreaves Lansdown plc Period End 30 June 2011

Submitted by YWang on Thu, 2012-01-19 15:33
Hargreaves Lansdown plc Annual Report 2011
CR Monitor Issue: 
2012/0108
Company covered: 
Hargreaves Lansdown plc
Period End: 
30 June 2011
Report issued on 19 January 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Cash and cash equivalents no longer included in fair value hierarchy disclosure.
Change
Separate disclosure of £3 million FSCS levy.
Change
Impact of change in tax rate disclosed.

Scottish and Southern Energy plc Period End 31 March 2011

Submitted by YWang on Wed, 2012-01-11 11:18
Scottish and Southern Energy plc Annual Report 2011
CR Monitor Issue: 
2012/0102
Company covered: 
Scottish and Southern Energy plc
Period End: 
31 March 2011
Report issued on 11 January 2011 covered the following practice issues:
Inconsistent
Correction of prior year non-compliances results in reclassification of 5.4% assets.
Change
Adoption of IFRIC 18 leads to accelerated recognition of revenue.
Change
Disclosure of the impact of changes in tax rates.
Change
Significant impairments classified as exceptional items.
Change
Adjusted earnings per share no longer presented on the face of income statement.

Unibail-Rodamco SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-21 16:59
Unibail-Rodamco SA Annual Report 2010
CR Monitor Issue: 
2011/1216
Company covered: 
Unibail-Rodamco SA
Period End: 
31 December 2010
Report issued on 21 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Cash flows from change in debt of investment moved from operating to investment activities, without explanation.
Change
Deferred tax assets and liabilities within same fiscal group offset.
Change
Breakdown of maturity of current principal debt added to maturity disclosures.
Change
Revised presentation of nature and timescale of commitments and guarantees given.

GKN plc Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-12-20 16:24
GKN plc Annual Report 2010
CR Monitor Issue: 
2011/1214
Company covered: 
GKN plc
Period End: 
31 December 2010
Report issued on 23 December 2011 covered the following practice issues:
Change
Pension partnership arrangement boosts total equity as arrangement with pension scheme recognised as non-controlling interest.
Change
Tax relief on special pension contribution explained.
Change
No contingent asset recognised on dispute with UK tax authorities over foreign dividend income.
Change
Control obtained over US business following change in contractual agreement.

Lafarge SA Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-12-16 15:15
Lafarge SA Annual Report 2010
CR Monitor Issue: 
2011/1209
Company covered: 
Lafarge SA
Period End: 
31 December 2010
Report issued on 16 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Reconciliation of effective and actual tax charges based on pre-tax profit excluding results of associates.
Change
Sale of interest in subsidiary without losing control accounted for through equity, with resulting cash flows classed under financing activities.
Change
New disclosures on social and environmental responsibility follow shareholder recommendations and incorporate Global Reporting Initiative recommendations.

Cable & Wireless Worldwide plc Period End 31 March 2011

Submitted by YWang on Fri, 2011-11-18 14:04
Cable & Wireless Worldwide plc Annual Report 2011
CR Monitor Issue: 
2011/1108
Company covered: 
Cable & Wireless Worldwide plc
Period End: 
31 March 2011
Report issued on 18 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Main pension scheme continues to use RPI but potential impact of switching to CPI not disclosed.
Change
Policy for attributing total comprehensive income to owners of the parent and non-controlling interests changed.
Change
Pre-tax eps together with adjusted measures provided.
Change
Current and potential impacts of changes in tax rate disclosed.

BNP Paribas SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-02 14:18
BNP Paribas SA Annual Report 2010
CR Monitor Issue: 
2011/1103
Company covered: 
BNP Paribas SA
Period End: 
31 December 2010
Report issued on 03 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Credit risk table includes average exposure to credit risk.
Change
Tax reconciliation excludes equity method and amounts attributed to goodwill; as social security charge included in standard tax rate.
Restatement
Results of business acquired in prior year distributed across reportable segments.

The Capita Group Plc Period End 31 December 2010

Submitted by YWang on Wed, 2011-11-02 11:09
The Capita Group Plc Annual Report 2010
CR Monitor Issue: 
2011/1101
Company covered: 
The Capita Group Plc
Period End: 
31 December 2010
Report issued on 02 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Impact of change in tax rate disclosed.
Change
Only fair values of assets and liabilities acquired through business combinations disclosed following adoption of revised IFRS 3.
Change
Several new risks added to risk disclosures with disclosure of the potential impacts.
Restatement
Restatement of prior year comparative receivables and payables without explanation.

ARM Holdings plc Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-10-31 14:43
ARM Holdings plc Annual Report 2010
CR Monitor Issue: 
2011/1015
Company covered: 
ARM Holdings plc
Period End: 
31 December 2010
Report issued on 31 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Normalised profit disclosed by segment and additional geographical information.
Change
Improved disclosure of timing of revenue recognition.
Change
Limited information on effects of changes to UK corporation tax and capital allowance rates.
Restatement
Change in classification of short-term investments from available for sale to loans and receivables.
Restatement
Operating cash flows calculated from profit before tax rather than profit from operations.

Assicurazioni Generali SpA Period End 31 December 2010

Submitted by YWang on Thu, 2011-10-27 12:12
Assicurazioni Generali SpA Annual Report 2010
CR Monitor Issue: 
2011/1013
Company covered: 
Assicurazioni Generali SpA
Period End: 
31 December 2010
Report issued on 27 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Pension assumptions analysed by geographical location but other disclosures still provided only in aggregate.
Inconsistent
Comparatives in tax reconciliation no longer provided.
Change
Application of a "business approach" in segment reporting expanded to balance sheet disclosures but details are unclear.
Change
Provisions for taxation partially reclassified from "other provisions" to "tax payables".