IFRIC 13 'Customer loyalty programmes'

TeliaSonera AB Period End 31 December 2009

Submitted by Company Reporting on Thu, 2010-08-12 13:58

Changes in value of minority put options now recognised as adjustments to goodwill
Swedish mobile phone company TeliaSonera changes its accounting policy in respect of changes in the value of liabilities arising from put options over minority interests which are now recognised as adjustments to goodwill instead of passing through the income statement.

PPR SA Period End 31 December 2009

Gain on fair valuation of residual interest in former subsidiary turns loss into profit for year
French retailer PPR recognises a €499 million gain primarily on fair valuation of its residual interest in a former subsidiary without which it would have made a pre-tax loss for the year, following early adoption of a revised IFRS Standard.

Eni SpA Period End 31 December 2009

Commitments shifted from narrative to table
Italian oil and gas company Eni discloses, in a table of commitments, expected capital expenditures over a number of years, with the comparative figure increased from €205 million to €13.4 billion, but leaves it unclear whether the amounts were aggregated with other figures in its prior year liquidity disclosures.

Air France-KLM SA Period End 31 March 2009

Submitted by Company Reporting on Mon, 2009-07-13 23:00

Equity reduced 6% by revised treatment of loyalty programme
French airline Air France-KLM restates its accounts on early adoption of IFRIC 13 "Customer loyalty programmes", reducing comparative equity by 6% and increasing deferred revenue on ticket sales by 41.1%.

Increased disclosure as regulators act on rating agencies
French airline Air France-KLM publishes a policy on counterparty risk management that includes information from a credit rating agency, as European regulators consider action to improve agencies' performance.

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Air France-KLM SA Period End 31 March 2008

LBO produces income statement gain
French airline Air France-KLM recognises in income €284 million gains, representing 25.2% of pre-tax profit, from a leveraged buy out in an equity-accounted company with net liabilities.

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Bouygues SA Period End 31 December 2007

Another company moves away from the corridor method for pensions
French construction and media company Bouygues moves from the corridor method to immediate recognition outside the income statement for actuarial gains and losses on measurement of its pension obligations.

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