IAS 27 (revised) 'Consolidated and separate financial statements'

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.

Tele 2 AB Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-14 11:06
Tele 2 AB Annual Report 2010
CR Monitor Issue: 
2011/1203
Company covered: 
Tele 2 AB
Period End: 
31 December 2010
Report issued on 14 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Revenue recognition policies change for multiple deliveries and 'enhanced fees'.
Change
Revised IFRS 3 "Business combinations" impacts on accounting for non-controlling interests.
Change
Greater detail provided on financial instruments.
Change
Increased disclosure of calls between fixed and mobile networks in segmental disclosures.

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.

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.

Baloise Holding Period End 31 December 2010

Submitted by YWang on Thu, 2011-09-22 15:32
Baloise Holding Annual Report 2010
CR Monitor Issue: 
2011/0909
Company covered: 
Baloise Holding
Period End: 
31 December 2010
Report issued on 22 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Buyout of minority interests in a subsidiary treated as an equity transaction.
Change
Loss of control over a subsidiary leads to remeasurement of the investment at fair value.
Change
Retrospective adjustment to a previous acquisition following lapse of a contingent purchase price agreement without effect.
Change
More information about "business segments" provided.

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.

Groupe Bruxelles Lambert SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-08-02 12:53
Groupe Bruxelles Lambert SA Annual Report 2010
CR Monitor Issue: 
2011/0803
Company covered: 
Groupe Bruxelles Lambert SA
Period End: 
31 December 2010
Report issued on 02 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Business combination gives rise to €33.3 million goodwill.
Change
Accounting policies note expanded to include information about associates.

Henkel AG & Co KGaA Period End 31 December 2010

Submitted by YWang on Wed, 2011-07-20 10:54
Henkel AG & Co KGaA Annual Report 2010
CR Monitor Issue: 
2011/0710
Company covered: 
Henkel AG & Co KGaA
Period End: 
31 December 2010
Report issued on 21 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Inconsistent
Assets held for sale excluded from current assets.
Change
Correction of a prior year inconsistency in presenting treasury shares.
Change
The nature and impact of a change in policy for cash flows not disclosed.
Change
Improvement made to segmental information whilst eliminating several segmental measures.

Swedbank AB Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-07-12 09:08
Swedbank AB Annual Report 2010
CR Monitor Issue: 
2011/0705
Company covered: 
Swedbank AB
Period End: 
31 December 2010
Report issued on 12 July 2011 covered the following practice issues:
Restatement
Only cash and balances with central banks classed as cash and cash equivalents.
Divergence
Difference between nominal and carrying amount of financial assets and liabilities described as "discount effect" in unusual presentation.
Change
Section on financial targets added to management commentary.
Change
General discussion of risk discloses enterprise risk management policy.
Change
Buy-out of minority interest accounted for through equity.
Change
New view of variable compensation disclosed and attributed to reflection on financial crisis.

DnB NOR ASA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-06-27 10:28
DnB NOR Annual Report 2010
CR Monitor Issue: 
2011/0614
Company covered: 
DnB NOR ASA
Period End: 
31 December 2010
Report issued on 28 June 2011 covered the following practice issues:
Divergence
Gain on business disposal included in other operating income, although smaller one-off gains given separate line on income statement.
Change
Buy-out of non-controlling interest accounted for through equity under revised IAS 27 "Consolidated and separate financial statements".
Change
Change to defined benefit pension arrangements treated as curtailment with gain arising.
Change
Maturity analysis of financial instruments in liquidity disclosures includes financial assets, as maturity policies and concerns over sovereign debt disclosed.