IAS 32 'Financial instruments: disclosure and presentation'

McBride plc Period End 30 June 2010

Submitted by Company Reporting on Wed, 2010-10-13 11:37

Non-controlling interests not recognised following issue of put and call options
UK own brands products manufacturer McBride does not recognise non-controlling interests in a newly acquired subsidiary upon entering into put and call options with a floor and cap on consideration payable.

Deutsche Post AG Period End 31 December 2006

An unheralded opt out reveals breach of IFRS rules
German mail company Deutsche Post discloses an opt out from IFRS rules on financial instruments, that led to a previous year under-valuation by €239 million, representing 8.4% of current year profit before tax, of a fair value liability, that was not disclosed in the previous year.

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Close Brothers Group plc Period End 31 July 2006

Goodwill disclosures lack clarity
UK bank Close Brothers moves to IFRS, but its goodwill disclosures on restating its 2005 position and on impairment testing lack clarity.

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Diploma plc Period End 30 September 2007

Submitted by Company Reporting on Wed, 2009-01-21 00:00

Put options held by minority interests classified as financial liability
UK distribution company Diploma recognises as a financial liability measured at £11.8 million put options held by minority interests.

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Britvic plc Period End 28 September 2008

Exceptional costs reduce pre-tax profit by more than 26%
UK soft drinks company Britvic reports exceptional costs of £18.3 million, of which £11.6 million relates to restructuring, that reduce profit before tax by over 26%.

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Hammerson plc Period End 31 December 2007

Submitted by Company Reporting on Thu, 2008-11-27 00:00

14.5% increase in profit would arise from 1% interest rate drop
UK property developer Hammerson discloses that a 1% interest rate reduction would result in £15.9 million, or 14.5%, increase in profit before tax.

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Sports Direct International plc Period End 27 April 2008

Submitted by Company Reporting on Tue, 2008-10-07 23:00

Treasury shares reserve not adjusted for share cancellation
UK retailer Sports Direct International does not adjust its £201 million treasury shares reserve to reflect subsequent cancellation of nearly half of the shares purchased and thus does not show a true and fair view of either the amount of treasury shares retained or of distributable reserves

Gain on available-for-sale assets contributes 34.8% of profit
UK retailer Sports Direct International recognises a £41.4 million gain on disposal that represents more than a thired of profit.

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DSG International plc Period End 3 May 2008

Submitted by Company Reporting on Mon, 2008-09-01 15:17

Further loss of £341 million incurred in Italy
Having recognised last year a loss of £115 million on its Italian business, UK electronics retailer DSG International reports a further loss of £341 million on the business, contributing to a pre-tax loss of £193 million for the period.

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Banco Santander Central Hispano SA Period End 31 December 2005

From general purpose to collective risk allowances
Spanish bank Banco Santander moves to IFRS and recognises €7.6 billion risk allowances against loans and receivables.

More short-comings on IFRS disclosures
Spanish bank Banco Santander moves to IFRS, but in several instances its disclosures fall short of the new requirements.

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Marks and Spencer Group plc Period End 29 March 2008

Submitted by Company Reporting on Thu, 2008-08-14 23:00

Past service credit represents 8.4% of pre-tax profit
UK retailer Marks and Spencer reports a £95 million gain on limiting pensionable salary increases to inflation from 1 October 2007.

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