IFRS 2 'Share-based payment'

Orkla ASA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-10-03 15:17
Orkla ASA Annual Report 2010
CR Monitor Issue: 
2011/1001
Company covered: 
Orkla ASA
Period End: 
31 December 2010
Report issued on 04 October 2011 covered the following practice issues:
Change
Impairment of associate leads to loss for year as market value of associate treated as equivalent to impairment test result.
Change
Impairment assumptions disclosed for individual business units.
Change
Business presented as discontinued operation.
Change
Improved disaggregation of equity reserves.
Change
Significant impact foreseen from expected change to IFRS requirements on operating leases.
Restatement
Correction of misstated figures on share options.

Assa Abloy AB Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-09-02 15:24
Assa Abloy AB Annual Report 2010
CR Monitor Issue: 
2011/0903
Company covered: 
Assa Abloy AB
Period End: 
31 December 2010
Report issued on 05 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Breakdown of executive team remuneration includes the cost of a newly established share-based payment plan.
Change
Changes related to other comprehensive income disclosed separately within the statement of changes in equity.
Change
Auditors' fees analysed by type of service.
Change
Country sales breakdown sees greater disaggregation.
Change
Comparatives not consistent with current year impairment presentation.

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.

Hammerson plc Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-08-04 09:17
Hammerson plc Annual Report 2010
CR Monitor Issue: 
2011/0804
Company covered: 
Hammerson plc
Period End: 
31 December 2010
Report issued on 04 August 2011 covered the following practice issues:
Divergence
Future operating lease receipts restated without explanation
Divergence
New information on share-based plans indicates previous lack of adequate disclosure.
Change
Explanation of how figures recommended for disclosure by European Public Real Estate Association are calculated.
Change
Gain on sale of associate disclosed in note.

Swedbank AB Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-07-12 09:08
Swedbank AB Annual Report 2010
CR Monitor Issue: 
2011/0705
Company covered: 
Swedbank AB
Period End: 
31 December 2010
Report issued on 12 July 2011 covered the following practice issues:
Restatement
Only cash and balances with central banks classed as cash and cash equivalents.
Divergence
Difference between nominal and carrying amount of financial assets and liabilities described as "discount effect" in unusual presentation.
Change
Section on financial targets added to management commentary.
Change
General discussion of risk discloses enterprise risk management policy.
Change
Buy-out of minority interest accounted for through equity.
Change
New view of variable compensation disclosed and attributed to reflection on financial crisis.

Nestlé SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-06-14 09:58
Nestlé SA Annual Report 2010
CR Monitor Issue: 
2011/0609
Company covered: 
Nestlé 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 disclosures of share-based payment transactions.
Change
Table changed to show separately pension expenses relating to discontinued operations.

LVMH Moët Hennessy Louis Vuitton Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-05-03 07:10
LVMH Moët Hennessy Louis Vuitton Annual Report 2010
CR Monitor Issue: 
2011/0501
Company covered: 
LVMH Moët Hennessy Louis Vuitton
Period End: 
31 December 2010
Report issued on 03 May 2011 covered the following practice issues:
Divergence
Inadequate disclosure of lack of significant influence over 20.2% equity holding as investigation launched.
Change
Disclosure of very recent takeover bid.
Change
Changes in purchase commitment adjusted in equity.
Change
Share scheme performance conditions outlined.
Change
Improved disclosures on retirement benefits

Fiat SpA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-04-26 06:10
Fiat SpA Annual Report 2010
CR Monitor Issue: 
2011/0405
Company covered: 
Fiat SpA
Period End: 
31 December 2010
Report issued on 26 April 2011 covered the following practice issues:
Divergence
Inadequate disclosure as demerger treated as outside scope of IFRIC 17.
Change
Reconciliation of US GAAP and IFRS accounts of associate.
Change
Intentions for share capital disclosed in light of demerger.
Change
Implications of demerger for share-based payments disclosed.
Change
Gain on remeasurement of prior holding recognised on acquisition.
Change
Buy-out of non-controlling interest treated as equity transaction.

Euromoney Institutional Investor plc Period End 30 September 2010

Submitted by Alisdair on Tue, 2011-02-22 08:04
Euromoney Institutional Investor Annual Report 2010
High currency sensitivity results from derivatives forward contracts with high nominal value
UK financial publisher Euromoney Institutional Investor reduces the comparative amounts of monetary assets and liabilities denominated in US dollars and increases the comparative effect on equity of a 10% change in the US dollar against sterling to almost half of the net monetary assets, but only inquiry to the company elicits an explanation.

Marston's plc Period End 2 October 2010

Submitted by Alisdair on Mon, 2011-02-14 08:03
Marston's plc Annual Report 2010
Imprudent treatment to recognise income on a VAT refund boosts profit
UK pub company Marston’s recognises a £4.7 million VAT refund as income, representing 9% of profit, although we consider this treatment, which contrasts with peers, imprudent in the light that it would be repaid if the tax authorities win an appeal.
Counter-intuitive disclosure that the fair value of nil cost options is zero
UK pub company Marston’s granted 2.9 million nil cost options under a Long Term Incentive Plan but states that the fair value per option granted is zero, although share price at the date of grant was 94.6p.