IAS 39 'Financial instruments: recognition and measurement'

Lloyds Banking Group plc Period End 31 December 2010

Submitted by YWang on Wed, 2011-10-19 10:13
Lloyds Banking Group plc Annual Report 2010
CR Monitor Issue: 
2011/1006
Company covered: 
Lloyds Banking Group plc
Period End: 
31 December 2010
Report issued on 19 October 2011 covered the following practice issues:
Restatement
Correction of an error in accounting for impairment on reclassified financial assets disclosed as a change in policy.
Change
£910 million pension curtailment gain arising from changes to schemes.
Restatement
Silent restatements in segmental disclosures.
Change
Changes in the statement of comprehensive income but still not following IFRS in full.

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.

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.

GDF SUEZ SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-09-13 14:08
GDF SUEZ SA Annual Report 2010
CR Monitor Issue: 
2011/0905
Company covered: 
GDF SUEZ SA
Period End: 
31 December 2010
Report issued on 13 September 2011 covered the following practice issues:
Change
Changes to obligations arising from pension reform accounted for as an actuarial loss.
Change
Assets including reimbursement rights and tax receivables no longer included in the loans and receivables category.
Restatement
Derivatives used to hedge commodities now included in fair value hierarchy disclosure.
Change
Pension actuarial gains and losses now recognised in "consolidated reserves" rather than a separate reserve.
Change
Items of other comprehensive income allocated to owners of the parent and non-controlling interests.
Change
Cash flows from changes in ownership interests in subsidiaries classified as financing activities.

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.

Bayerische Motoren Werke AG Period End 31 December 2010

Submitted by YWang on Fri, 2011-08-19 09:59
Bayerische Motoren Werke AG Annual Report 2010
CR Monitor Issue: 
2011/0813
Company covered: 
Bayerische Motoren Werke AG
Period End: 
31 December 2010
Report issued on 19 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Reassigning hedges to the held for trading category introduces an apparent non-compliance with IFRS.
Change
Fair value hierarchy disclosure improved by inclusion of hedges.
Change
Lack of clarity in disclosure of refinement of the inputs to the model used to fair value derivatives.
Restatement
No explanation for restating comparative maturity analysis of financial liabilities on derivatives.
Change
Disclosure of auditors' fees now includes those paid to auditors of a subsidiary in the CIS counties.
Change
China now reported separately in the geographical segmental disclosures following a significant increase in revenue from that country.

Boliden AB Period End 31 December 2010

Submitted by YWang on Thu, 2011-08-18 06:34
Boliden AB Annual Report 2010
CR Monitor Issue: 
2011/0812
Company covered: 
Boliden AB
Period End: 
31 December 2010
Report issued on 18 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Comparative reconciliations of movements in tangible and intangible assets provided.
Change
Reconciliation of movements in pension assets and obligations provided along with a 5-year history.
Change
SEK2.1 billion transferred from share premium to retained earnings following a review of equity.
Change
Improvements in disclosures of impairment tests and changes in the assumptions used.
Change
Correction of an error in prior year disclosure of financial instruments by category.
Change
Explanation provided for the contrast between the carrying and fair values of liabilities to credit institutions in both years.

Commerzbank AG Period End 31 December 2010

Submitted by YWang on Tue, 2011-08-16 09:30
Company Name Annual Report Year
CR Monitor Issue: 
2011/0811
Company covered: 
Commerzbank AG
Period End: 
31 December 2010
Report issued on 16 August 2011 covered the following practice issues:
Change
Financial statements lines revised to follow the requirements under IFRS.
Change
Reporting structure for net interest income of a subsidiary aligned with own structure.
Change
Correction of prior year errors in reporting financial instruments at fair value through profit or loss as being measured at amortised cost.
Change
Time bands used in maturity analysis of the nominal values of derivatives harmonised with those elsewhere.
Change
"More precise details" of remuneration to managing directors provided including share-based payments.
Change
Brand names and customer relationships now shown separately within intangible assets.

William Hill plc Period End 28 December 2010

Submitted by YWang on Thu, 2011-07-28 09:36
William Hill plc Annual Report 2010
CR Monitor Issue: 
2011/0714
Company covered: 
William Hill plc
Period End: 
28 December 2010
Report issued on 28 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Imprudent treatment to recognise income on a VAT refund.
Change
Additional adjusted earnings per share measure provided.
Change
Hedge accounting discontinued following settlement of the related loan facility.
Change
Fair value measurements classified using a three-level hierarchy.
Change
Change in definition of amounts wagered.

Hellenic Telecommunications Organisation SA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-07-18 15:30
Hellenic Telecommunications Organisation SA Annual Report 2010
CR Monitor Issue: 
2011/0708
Company covered: 
Hellenic Telecommunications Organisation SA
Period End: 
31 December 2010
Report issued on 19 July 2011 covered the following practice issues:
Restatement
Move from corridor method to immediate recognition of actuarial movements on defined benefit pension commitments.
Change
Improved disclosure of risks includes discussion of regulatory framework, impairments, pensions and tax.
Restatement
Goodwill adjustment shown separately as business combination finalised.
Change
Provision recognised following pension negotiations with Greek government, with further contingent liability disclosed.
Change
Indications of impairment leads to significant income statement charge.