IAS 24 'Related party disclosures'

Kier Group plc Period End 30 June 2011

Submitted by Company Reporting on Mon, 2012-01-23 15:30
Kier Group plc Annual Report 2011
CR Monitor Issue: 
2012/0109
Company covered: 
Kier Group plc
Period End: 
30 June 2011
Report issued on 23 January 2012 covered the following practice issues:
Change
Profit on disposal of PFI joint ventures no longer classed as exceptional.
Change
Revised IFRS 3 adopted, but no gain or loss recognised on revaluation of prior interest on acquisition, as company equates previous carrying value with fair value.
Inconsistent
Interest on loans to joint ventures included in related party transactions, highlighting prior year non-compliance.

Land Securities Group plc Period End 31 March 2011

Submitted by YWang on Fri, 2012-01-13 10:26
Land Securities Group plc Annual Report 2011
CR Monitor Issue: 
2012/0104
Company covered: 
Land Securities Group plc
Period End: 
31 March 2011
Report issued on 13 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Changes to disclosures about employee number and costs lack clarity.
Change
Introduction of a table showing movements in tenant lease incentives.

Related Party Disclosures

Focusing on a sample of 30 large listed European companies that report under IFRS, supplemented by Company Reporting data and comment, this report analyses the types of related parties identified and the form that company disclosures take.
 

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.

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.

Groupe Danone Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-08-24 09:17
Groupe Danone Annual Report 2010
CR Monitor Issue: 
2011/0815
Company covered: 
Groupe Danone
Period End: 
31 December 2010
Report issued on 24 August 2011 covered the following practice issues:
Restatement
Goodwill eliminated as policy on previous put option liabilities brought into line with policy for options issued in current year, in line with local GAAP recommendation.
Change
Creation of combined business treated as a business combination with non-controlling interests arising.
Change
Grouping of significant items in 'other operating income and expenses' explained by reference to local GAAP recommendation issued in light of revised IAS 1 "Presentation of financial statements".
Change
End to offsetting of financial assets against financial debt on face of balance sheet.
Change
Cash flows from transactions with non-controlling interests classed together in financing activities.

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.

Brisa - Auto-Estradas de Portugal SA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-08-02 09:49
Brisa - Auto-Estradas de Portugal SA Annual Report 2010
CR Monitor Issue: 
2011/0802
Company covered: 
Brisa - Auto-Estradas de Portugal SA
Period End: 
31 December 2010
Report issued on 02 August 2011 covered the following practice issues:
Restatement
Adoption of new Interpretation on service concession arrangements leads to restatement.
Divergence
Senior management remuneration restated after Company Reporting criticism, but without explanation.
Change
Gain on disposal of business included in 'investment income'.
Change
Segmentation changes following change of policy on service concession arrangements.
Restatement
Restated foreign currency sensitivity analysis leads to lack of clarity.

Hellenic Telecommunications Organisation SA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-07-18 15:30
Hellenic Telecommunications Organisation SA Annual Report 2010
CR Monitor Issue: 
2011/0708
Company covered: 
Hellenic Telecommunications Organisation SA
Period End: 
31 December 2010
Report issued on 19 July 2011 covered the following practice issues:
Restatement
Move from corridor method to immediate recognition of actuarial movements on defined benefit pension commitments.
Change
Improved disclosure of risks includes discussion of regulatory framework, impairments, pensions and tax.
Restatement
Goodwill adjustment shown separately as business combination finalised.
Change
Provision recognised following pension negotiations with Greek government, with further contingent liability disclosed.
Change
Indications of impairment leads to significant income statement charge.