IFRS 5 'Non-current assets held for sale and discontinued operations'

Experian plc

Submitted by YWang on Wed, 2012-02-08 14:12
Experian plc Annual Report 2011
CR Monitor Issue: 
2012/0205
Company covered: 
Experian plc
Period End: 
31 March 2011
Report issued on 8 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Changing to use CPI rather than RPI as inflation measure gives rise to gains in both income statement and other comprehensive income.
Change
Changes made to income statement whereby costs are now classified by nature rather than by function.
Change
Revised classification of net finance costs between income and expense items.
Divergence
Analysis of other comprehensive income by item removed from statement of changes in equity but no concentration of such disclosures in a note.
Change
An associate disposed of classified as discontinued operation.
Change
Disclosure of fair values of assets and liabilities arising from current year acquisitions follows minimum requirement under revised IFRS 3.

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.

Standard Life plc Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-12-13 17:02
Standard Life plc Annual Report 2010
CR Monitor Issue: 
2011/1202
Company covered: 
Standard Life plc
Period End: 
31 December 2010
Report issued on 14 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Move from 'underlying profit' to 'operating profit' as non-GAAP measure of performance.
Restatement
Business classified as discontinued operation with income statement restated.
Change
Former reportable segments combined.
Change
Debt and equity investments disclosed separately on face of balance sheet.

BG Group plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-26 10:35
BG Group plc Annual Report 2010
CR Monitor Issue: 
2011/1011
Company covered: 
BG Group plc
Period End: 
31 December 2010
Report issued on 26 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Presentation currency changes to US dollars as functional currency remains Sterling.
Change
Intangible asset model adopted for service concession under IFRIC 12 "Service concession arrangements".
Change
Power generation businesses treated as discontinued operations, with remaining power plants transferred to other operating segments.

Accor SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-26 09:08
Accor SA Annual Report 2010
CR Monitor Issue: 
2011/1010
Company covered: 
Accor SA
Period End: 
31 December 2010
Report issued on 26 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Gain recognised as demerger leads to fair valuation of dividend under IFRIC Interpretation.
Change
Duplication omitted from reserve accounting.
Restatement
No explanation of restatement of loan assets.
Inconsistent
Still no comparatives as segmental table left blank in English edition of accounts.

Pearson plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-10-19 11:59
Pearson plc Annual Report 2010
CR Monitor Issue: 
2011/1007
Company covered: 
Pearson 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
Actuarial gain recognised in other comprehensive income following change in pensions inflation index.
Change
Non-controlling interest measured initially at proportionate share of net assets.
Change
Business classified as discontinued operations with consequent change in segmentation.
Divergence
Trade creditors included in maturity analysis of cash flows associated with financial liabilities, following IFRS.
Change
Information on reduction in UK tax rate disclosed.
Change
Transaction with non-controlling interest included in financing activities.

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.

BAE Systems plc Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-09-01 09:52
BAE Systems plc Annual Report 2010
CR Monitor Issue: 
2011/0901
Company covered: 
BAE Systems plc
Period End: 
31 December 2010
Report issued on 01 September 2011 covered the following practice issues:
Change
Inflation index gain on move to Consumer Prices Index for pensions recognised in other comprehensive income.
Change
Former associate classed as discontinued operation with residual interest treated as financial asset.
Change
Business combination adjusted for resolution of dispute on receipt of payment from former owners.
Change
Deferred tax remeasured for fall in corporation tax rate.
Divergence
Fees for audit services relating to pension schemes disclosed following UK regulations, with belated comparative.

Drax Group plc Period End 31 December 2010

Submitted by YWang on Wed, 2011-08-24 09:16
Drax Group plc Annual Report 2010
CR Monitor Issue: 
2011/0814
Company covered: 
Drax Group plc
Period End: 
31 December 2010
Report issued on 24 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Separate income statement line introduced for various expenses incurred by retail business.
Change
Renewables Obligation Certificates previously included in inventories now presented in a separate balance sheet line as intangible assets held for sale.
Change
Biomass disclosed separately in inventories following an increase in use.
Change
Introduction of an underlying earnings per share measure which adjusts profit by movements on derivatives.
Change
Disclosure of movements in the allowance account for impairments against receivables whilst changing from carrying amount to gross value in a maturity analysis of financial liabilities.
Change
Change from fair value less costs to sell to value in use when determining the recovery amount of a cash-generating unit containing goodwill.

Royal DSM NV Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-08-01 10:58
Royal DSM NV Annual Report 2010
CR Monitor Issue: 
2011/0801
Company covered: 
Royal DSM NV
Period End: 
31 December 2010
Report issued on 01 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Expenses now presented by function rather than by nature.
Change
Assets to be contributed to joint venture classified as held for sale.
Change
Impairment reversal recognised.
Change
Analysis of short-term monetary liabilities added to maturity analysis.
Change
Pension curtailment gain and asset ceiling charge recognised.