IAS 36 'Impairment of assets'

Close Brothers Group plc Period End 31 July 2011

Submitted by YWang on Wed, 2012-01-25 15:27
Close Brothers Group plc Annual Report 2011
CR Monitor Issue: 
2012/0111
Company covered: 
Close Brothers Group plc
Period End: 
31 July 2011
Report issued on 25 January 2012 covered the following practice issues:
Change
Impairment arising from an adjusting post balance sheet reduces profit by 31.4%.
Change
Businesses within Asset Managment division disposed of classified as discontinued operations.
Change
Changes in disclosures in a note to operating profit before tax including more detailed disaggregations.

Aquarius Platinum Limited Period End 30 June 2011

Submitted by YWang on Tue, 2012-01-17 11:15
Aquarius Platinum Limited Annual Report 2011
CR Monitor Issue: 
2012/0106
Company covered: 
Aquarius Platinum Limited
Period End: 
30 June 2011
Report issued on 17 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
US$160 million impairments against a mine and a loan balance due from a third party.
Change
Post balance sheet acquisition and other event.
Change
Disclosure of key performance indicators revised.

Unicredit Group SpA Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-12-22 15:40
Unicredit Group SpA Annual Report 2010
CR Monitor Issue: 
2011/1217
Company covered: 
Unicredit Group SpA
Period End: 
31 December 2010
Report issued on 22 December 2011 covered the following practice issues:
Change
Impairment that reduces profit by 14.3% attributed to country-specific economic crisis and market volatility, as growth rates no longer disclosed by country.
Divergence
Move from fee and commission income to interest expense and similar charges attributed to intra-group merger.
Change
Regulatory capital calculation changed to symmetric basis in respect of reserves arising from sovereign debt holdings.

Rentokil Initial plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-21 13:46
Rentokil Initial plc Annual Report 2010
CR Monitor Issue: 
2011/1215
Company covered: 
Rentokil Initial plc
Period End: 
31 December 2010
Report issued on 21 December 2011 covered the following practice issues:
Change
Significant goodwill impairments on prior year acquisitions attributed to dampened cash flow forecasts.
Change
Change of pension inflation measure leads to income statement gain.
Change
"One-off items" disclosed on line of income statement and excluded from adjusted earnings per share.
Change
Brands disaggregated as separate class of intangible asset in table.

Finmeccanica SpA Period End 31 December 2010

Submitted by YWang on Wed, 2011-11-30 14:26
Finmeccanica SpA Annual Report 2010
CR Monitor Issue: 
2011/1114
Company covered: 
Finmeccanica SpA
Period End: 
31 December 2010
Report issued on 30 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Separate disclosures made for each current year acquisition.
Change
Disclosures of the allocation of goodwill to cash-generating units within one segment and the discount rate used by segment.
Change
Pension deficits and surpluses shown in the five-year history but still no disclosure of experience adjustments.

L'Oréal SA Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-11-24 13:47
L'Oréal SA Annual Report 2010
CR Monitor Issue: 
2011/1110
Company covered: 
L'Oréal SA
Period End: 
31 December 2010
Report issued on 24 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
New provision recognised for potential fines, with increased disaggregation in note.
Change
New risk disclosures made for natural disasters, external growth and human resource management.
Restatement
Disclosures for former periods reclassified as segmentation changes.
Change
Increase in impairment test disclosures and reallocation of cash-generating unit goodwill and intangibles with indefinite useful lives.

Elan Corporation plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-23 11:39
Elan Corporation plc Annual Report 2010
CR Monitor Issue: 
2011/1109
Company covered: 
Elan Corporation plc
Period End: 
31 December 2010
Report issued on 23 November 2011 covered the following practice issues:
Change
Provision recognised for investigation that was an unquantified contingency in previous period.
Inconsistent
No separate line for share of result of associate on income statement.
Change
Change in segmental disclosure of impairments.
Restatement
Exposure to credit risk restated.

Man Group plc Period End 31 March 2011

Submitted by YWang on Fri, 2011-10-28 11:14
Man Group plc Annual Report 2011
CR Monitor Issue: 
2011/1014
Company covered: 
Man Group plc
Period End: 
31 December 2010
Report issued on 28 October 2011 covered the following practice issues:
Inconsistent
No impairment testing disclosure about US$1.4 billion goodwill arising from the GLG acquisition.
Change
Primary financial statements intergrated into notes.

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.

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.