IAS 14 'Segment reporting'

Mediobanca - Banca di Credito Finanziario SpA Period End 30 June 2010

Submitted by Alisdair on Wed, 2010-11-24 08:17
Mediobanca - Banca di Credito Finanziario SpA Annual Report 2010
Restatements without explanation and discrepancies in amounts compromise reliability
Italian bank Mediobanca – Banca di Credito Finanziario restates several prior year comparatives without any explanation and inconsistencies between amounts shown in the balance sheet and the notes lead to an overall lack of transparency.

Eaga plc Period End 31 May 2010

Submitted by Company Reporting on Fri, 2010-10-01 10:50
Eaga plc Annual Report 2010
New director receives free shares without prior approval of shareholders
UK energy efficiency company Eaga grants 0.25 million free shares to new director as a recruitment award without shareholders’ prior approval.

Safran SA Period End 31 December 2009

Submitted by Company Reporting on Thu, 2010-07-08 12:35
Safran SA Annual Report 2009
Put option recognised as financial liability at lowest Level of fair value hierarchy
French engineering company Safran recognises as a financial liability a €125 million put option granted to the holders of a 19% minority interest, increasing total goodwill by 3.8% in a policy that will no longer be permitted under IFRS, and discloses that it is measured at Level 3 of the fair value hierarchy.

Mediobanca - Banca di Credito Finanziario SpA Period End 30 June 2009

Submitted by Company Reporting on Fri, 2009-11-06 00:00

Upbeat equity accounting muffles significant unrecognised market value losses

Italian bank Mediobanca – Banca di Credito Finanziario reclassifies two more investments under 20% as associates, increasing to €646 million unrecognised losses relative to market price that amount to 11% of closing equity.

Kier Group plc Period End 30 June 2009

Submitted by Company Reporting on Mon, 2009-11-02 00:00
Kier Group plc Annual Report 2009

Pension curtailment gain represents almost the entire profit

UK construction company Kier restricts pensionable salary increases with a resultant £24.3 million gain representing almost the entire profit.

3i Infrastructure plc Period End 31 March 2009

Submitted by Company Reporting on Tue, 2009-09-08 23:00
3i Infrastructure plc Annual Report 2009

Restatement increases comparative net operating cash outflows by 5.5%

Jersey investment company 3i Infrastructure restates without explanation its prior year cash flow statement to reclassify £31.9 million cash in transit to purchases of investments and distribution to minority interests, with net cash outflow from operating activities increasing by 5.5%.

Repsol YPF SA Period End 31 December 2008

Submitted by Company Reporting on Thu, 2009-07-02 23:00
Repsol YPF Annual Report 2008

Increasing significance of emission allowances foreseen
Spanish energy company Repsol YPF increases disclosure of emission allowances and attaches significance to approval by the European Parliament of changes to the European Emissions Trading Directive.

Actividades de Construcción y Servicios SA Period End 31 December 2008

Submitted by Company Reporting on Mon, 2009-06-29 23:00
Actividades de Construcción y Servicios Annual Report 2008

Discontinued operations account for 60.6% of profit
Spanish civil engineering and utilities company Actividades de Construcción y Servicios (ACS) classifies its interest in an electricity utility as a discontinued operation, the €1.6 billion result of which accounts for 60.6% of its profit for year.