IAS 33 'Earnings per share'

Standard Chartered plc

Submitted by Company Reporting on Tue, 2012-02-07 11:30
Standard Chartered plc Annual Report 2010
CR Monitor Issue: 
2012/0203
Company covered: 
Standard Chartered plc
Period End: 
31 December 2010
Report issued on 07 February 2012 covered the following practice issues:
Restatement
Prior year income restated in light of reclassification of financial instruments in 2008.
Divergence
No explanation of decision to treat cash flows from senior debt as financing activity.
Change
Forthcoming UK government levy on qualifying liabilities disclosed.
Change
Increased disaggregation in segmental disclosures.
Change
Dividend per share figures restated for bonus element in rights issue.

L’Air Liquide SA Period End 31 December 2010

Submitted by YWang on Fri, 2011-09-16 13:52
L’Air Liquide SA Annual Report 2010
CR Monitor Issue: 
2011/0907
Company covered: 
L’Air Liquide SA
Period End: 
31 December 2010
Report issued on 16 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Fair value disclosure no longer covers all financial assets and liabilities but only non-current borrowings.
Change
Fair value hierarchy disclosure now includes net rather than gross position on derivatives.
Change
Silent correction of a prior year error in presentation of available-for-sale financial assets within fair value hierarchy disclosure.
Change
Cash flows from purchase of non-controlling interests classified as financing activities.
Restatement
Bonus share issue prompts restatement of prior year earnings per share.
Change
Total amount of provisions on litigations disclosed.

EFG Eurobank Ergasias SA Period End 31 December 2010

Submitted by YWang on Wed, 2011-08-31 13:51
EFG Eurobank Ergasias Annual Report Year
CR Monitor Issue: 
2011/0818
Company covered: 
EFG Eurobank Ergasias
Period End: 
31 December 2010
Report issued on 31 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Additional adjusted eps measure provided which only impacts comparatives.
Change
Control over an investment company obtained without the transfer of consideration.

Hikma Pharmaceuticals plc Period End 31 December 2010

Submitted by YWang on Mon, 2011-06-27 12:29
Hikma Pharmaceuticals plc Annual Report 2010
CR Monitor Issue: 
2011/0615
Company covered: 
Hikma Pharmaceuticals plc
Period End: 
31 December 2010
Report issued on 27 June 2011 covered the following practice issues:
Inconsistent
Non-controlling interests that have waived voting rights not recognised.
Change
Acquisition-related costs and gains on revaluation of previously held interest in companies acquired classified as exceptional.
Change
New adjusted earnings per share measure provided.
Change
Depreciation rates on machinery disclosed.
Change
Simplified disclosure for share-based payment transactions.
Change
A previously disclosed dispute resolved to the relevant parties' "mutual satisfaction" but no financial effect indicated.

Banco Bilbao Vizcaya Argentaria SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-06-14 09:43
Banco Bilbao Vizcaya Argentaria SA Annual Report 2010
CR Monitor Issue: 
2011/0608
Company covered: 
Banco Bilbao Vizcaya Argentaria SA
Period End: 
31 December 2010
Report issued on 14 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Improvements made to risk disclosures including an enhanced age analysis of financial assets past due but not impaired and a new section addressing risk in the Spanish real estate and construction sector.
Change
Prior year earnings per share restated following a capital increase with pre-emptive subscription rights.
Change
Adjustments made to comparative segmental information to reflect issues including the hyperinflationary economy in Venezuela.
Change
Hedging derivative liabilities excluded from financial instrument fair value table but the reason for this is not clear.
Change
No explanation for restatements in relation to joint ventures.

GAM Holding Ltd Period End 31 December 2010

Submitted by YWang on Thu, 2011-05-05 06:32
GAM Holding Ltd Annual Report 2010
CR Monitor Issue: 
2011/0503
Company covered: 
GAM Holding Ltd
Period End: 
31 December 2010
Report issued on 05 May 2011 covered the following practice issues:
Change
Balance sheet format changed to current and non-current distinction.
Change
Income statement line items rearranged and eps disclosure now presented in income statement.
Change
Cash flow from available-for-sale financial assets reclassified as from investing activities.
Change
Accrued income and receivables now included within maximum exposure to credit risk.
Restatement
Several prior year items including share-based payments to key management personnel restated but without any explanation.
Change
Impairment of associate reduces profit by 76.8%.

SGS SA Period End 31 December 2010

Submitted by Alisdair on Mon, 2011-04-11 07:14
SGS SA Annual Report 2010
Perfunctory disclosures on components of new goodwill
Swiss measurement services provider SGS echoes the language of IFRS 3 “Business combinations” and makes only perfunctory disclosures on CHF149 million goodwill arising on an acquisition, though this represents 10.2% of closing equity.

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.