IAS 19 'Employee benefits'

Rentokil Initial plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-21 13:46
Rentokil Initial plc Annual Report 2010
CR Monitor Issue: 
2011/1215
Company covered: 
Rentokil Initial plc
Period End: 
31 December 2010
Report issued on 21 December 2011 covered the following practice issues:
Change
Significant goodwill impairments on prior year acquisitions attributed to dampened cash flow forecasts.
Change
Change of pension inflation measure leads to income statement gain.
Change
"One-off items" disclosed on line of income statement and excluded from adjusted earnings per share.
Change
Brands disaggregated as separate class of intangible asset in table.

Crédit Agricole SA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-12-19 16:23
Crédit Agricole SA Annual Report 2010
CR Monitor Issue: 
2011/1212
Company covered: 
Crédit Agricole SA
Period End: 
31 December 2010
Report issued on 19 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Actuarial gains and losses on defined benefit pension schemes recognised in other comprehensive income rather than income statement.
Change
Banking income presented net of intra-group transactions in geographical disclosures, as geographical location of goodwill disclosed.

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.

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".

Pearson plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-19 11:59
Pearson plc Annual Report 2010
CR Monitor Issue: 
2011/1007
Company covered: 
Pearson 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
Actuarial gain recognised in other comprehensive income following change in pensions inflation index.
Change
Non-controlling interest measured initially at proportionate share of net assets.
Change
Business classified as discontinued operations with consequent change in segmentation.
Divergence
Trade creditors included in maturity analysis of cash flows associated with financial liabilities, following IFRS.
Change
Information on reduction in UK tax rate disclosed.
Change
Transaction with non-controlling interest included in financing activities.

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.

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.

BAE Systems plc Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-09-01 09:52
BAE Systems plc Annual Report 2010
CR Monitor Issue: 
2011/0901
Company covered: 
BAE Systems plc
Period End: 
31 December 2010
Report issued on 01 September 2011 covered the following practice issues:
Change
Inflation index gain on move to Consumer Prices Index for pensions recognised in other comprehensive income.
Change
Former associate classed as discontinued operation with residual interest treated as financial asset.
Change
Business combination adjusted for resolution of dispute on receipt of payment from former owners.
Change
Deferred tax remeasured for fall in corporation tax rate.
Divergence
Fees for audit services relating to pension schemes disclosed following UK regulations, with belated comparative.

Boliden AB Period End 31 December 2010

Submitted by YWang on Thu, 2011-08-18 06:34
Boliden AB Annual Report 2010
CR Monitor Issue: 
2011/0812
Company covered: 
Boliden AB
Period End: 
31 December 2010
Report issued on 18 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Comparative reconciliations of movements in tangible and intangible assets provided.
Change
Reconciliation of movements in pension assets and obligations provided along with a 5-year history.
Change
SEK2.1 billion transferred from share premium to retained earnings following a review of equity.
Change
Improvements in disclosures of impairment tests and changes in the assumptions used.
Change
Correction of an error in prior year disclosure of financial instruments by category.
Change
Explanation provided for the contrast between the carrying and fair values of liabilities to credit institutions in both years.

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.