IAS 20 'Accounting for government grants and disclosure of government assistance'

Statoil ASA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-12-20 12:00
Statoil ASA Annual Report 2010
CR Monitor Issue: 
2011/1213
Company covered: 
Statoil ASA
Period End: 
31 December 2010
Report issued on 20 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Assets held by captive insurance company excluded from table of financial assets held to manage liquidity risk.
Change
Unexplained reclassification within operating cash flows.
Change
Government reimbursements deducted from salaries in employee expense disclosures.

Ricardo plc Period End 30 June 2007

Submitted by Company Reporting on Fri, 2007-12-07 00:00
Ricardo Annual Report 2007

Government grants excluded from revenue

UK automotive consultancy Ricardo relocates £1.1 million income from government grants, representing 9% of profit, from revenue to cost of sales. This brings to light non-compliance with IFRS disclosure requirements in the previous year.

Little to fear from updated mortality tables

UK automotive consultancy Ricardo discloses that it has changed the mortality tables it uses to quantify its pension deficit to 2000 tables, but with little effect.

FirstGroup plc Period End 31 March 2007

Submitted by Company Reporting on Tue, 2007-09-04 23:00
FirstGroup Annual Report 2007

Risks disclosed but not key performance indicators 
UK transport company FirstGroup discusses its risks and performance but remains silent in respect of key performance indicators. 

International Power plc Period End 31 December 2005

Submitted by Company Reporting on Thu, 2007-07-12 23:00

Hybrid policy for recognising emission allowances
UK utilities company International Power recognises emission allowances as intangible assets and deducts a corresponding grant resulting in a net nil balance. However it recognises the allowances and grant in income in a way that does not follow IAS 20.

UPM-Kymmene Oyj Period End 31 December 2006

Submitted by Company Reporting on Sun, 2007-04-22 23:00

Assets impaired, but not goodwill
Finnish paper manufacturer UPM-Kymmene recognises €248 million impairments to tangible and intangible assets, which reduce profit before tax by 40%, but recognises no impairment to its €1.5 billion goodwill.