IAS 32 (revised) 'Financial instruments: presentation'

GKN plc Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-12-20 16:24
GKN plc Annual Report 2010
CR Monitor Issue: 
2011/1214
Company covered: 
GKN plc
Period End: 
31 December 2010
Report issued on 23 December 2011 covered the following practice issues:
Change
Pension partnership arrangement boosts total equity as arrangement with pension scheme recognised as non-controlling interest.
Change
Tax relief on special pension contribution explained.
Change
No contingent asset recognised on dispute with UK tax authorities over foreign dividend income.
Change
Control obtained over US business following change in contractual agreement.

Royal Ahold NV Period End 02 January 2011

Submitted by Company Reporting on Fri, 2011-07-22 14:22
Royal Ahold NV Annual Report 2011
CR Monitor Issue: 
2011/0712
Company covered: 
Royal Ahold NV
Period End: 
2 January 2011
Report issued on 22 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Reportable segments based on geographical location rather than business.
Change
Share buyback returns funds to shareholders.
Change
Goodwill on store acquisitions attributed to customer relationships.

Heineken NV Period End 31 December 2010

Submitted by YWang on Tue, 2011-07-12 09:10
Heineken NV Annual Report 2010
CR Monitor Issue: 
2011/0706
Company covered: 
Heineken NV
Period End: 
31 December 2010
Report issued on 12 July 2011 covered the following practice issues:
Change
New equity components arising from an acquisition represent 32% of total.
Change
Cash flows from acquisition of non-controlling interests classified as financing whilst interest paid and received now disclosed separately.
Change
Customer-related and contracted-based intangible assets shown as two classes following significant additions.
Change
Analysis of deferred tax across now includes amounts set off.
Change
Disclosure of guarantees moved from off-balance sheet commitments note to contingencies note.

Bellway plc Period End 31 July 2010

Submitted by Alisdair on Fri, 2011-01-07 14:41
Bellway plc Annual Report 2010
Fair value disclosure suggests change in evaluation of materiality
UK housebuilder Bellway discloses that the fair value of a bank loan is £5 million less than carrying value whereas last year, although the difference was greater, indicated it was not material.

ING Groep NV Period End 31 December 2009

Submitted by Alisdair on Wed, 2010-09-29 14:46
ING Groep NV Annual Report 2009
Error in presenting maturity analysis of financial liabilities not corrected retrospectively
Dutch bank ING changes to present a maturity analysis of its financial liabilities on an undiscounted basis and attributes this to amendments to an IFRS and does not restate, although we consider there was previous non-compliance with the original IFRS on this matter and therefore comparatives should have been restated.

ING Groep NV Period End 31 December 2009

Submitted by YWang on Wed, 2010-09-29 14:46
ING Groep NV Annual Report 2009
Error in presenting maturity analysis of financial liabilities not corrected retrospectively
Dutch bank ING changes to present a maturity analysis of its financial liabilities on an undiscounted basis and attributes this to amendments to an IFRS and does not restate, although we consider there was previous non-compliance with the original IFRS on this matter and therefore comparatives should have been restated.

J Sainsbury plc Period End 20 March 2010

Submitted by Company Reporting on Tue, 2010-07-27 08:31
J Sainsbury plc Annual Report 2010
Vehicle company used to create distributable reserves on a share issue
UK retailer J Sainsbury uses a vehicle company in a share issue and applies merger relief under the Companies Act 2006 to create £102 million distributable reserves, bypassing its requirement for application of share premium to a non-distributable reserve.

Safran SA Period End 31 December 2009

Submitted by Company Reporting on Thu, 2010-07-08 12:35
Safran SA Annual Report 2009
Put option recognised as financial liability at lowest Level of fair value hierarchy
French engineering company Safran recognises as a financial liability a €125 million put option granted to the holders of a 19% minority interest, increasing total goodwill by 3.8% in a policy that will no longer be permitted under IFRS, and discloses that it is measured at Level 3 of the fair value hierarchy.