IFRS 7 'Financial instruments: disclosures'

Standard Chartered plc

Submitted by Company Reporting on Tue, 2012-02-07 11:30
Standard Chartered plc Annual Report 2010
CR Monitor Issue: 
2012/0203
Company covered: 
Standard Chartered plc
Period End: 
31 December 2010
Report issued on 07 February 2012 covered the following practice issues:
Restatement
Prior year income restated in light of reclassification of financial instruments in 2008.
Divergence
No explanation of decision to treat cash flows from senior debt as financing activity.
Change
Forthcoming UK government levy on qualifying liabilities disclosed.
Change
Increased disaggregation in segmental disclosures.
Change
Dividend per share figures restated for bonus element in rights issue.

Severn Trent Period End 31 March 2011

Submitted by davids on Thu, 2012-01-12 10:42
Severn Trent plc Annual Report 2011
CR Monitor Issue: 
2012/0103
Company covered: 
Severn Trent Plc
Period End: 
31 March 2011
Report issued on 12 January 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Assets transfered from customers recognised at fair value on IFRIC 18 adoption.
Change
Maturity analysis dropped from financial instrument fair value against book value breakdown.
Change
Disclosure of development expenditure capitalisation criteria expanded.

Unibail-Rodamco SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-21 16:59
Unibail-Rodamco SA Annual Report 2010
CR Monitor Issue: 
2011/1216
Company covered: 
Unibail-Rodamco SA
Period End: 
31 December 2010
Report issued on 21 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Cash flows from change in debt of investment moved from operating to investment activities, without explanation.
Change
Deferred tax assets and liabilities within same fiscal group offset.
Change
Breakdown of maturity of current principal debt added to maturity disclosures.
Change
Revised presentation of nature and timescale of commitments and guarantees given.

Statoil ASA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-12-20 12:00
Statoil ASA Annual Report 2010
CR Monitor Issue: 
2011/1213
Company covered: 
Statoil ASA
Period End: 
31 December 2010
Report issued on 20 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Assets held by captive insurance company excluded from table of financial assets held to manage liquidity risk.
Change
Unexplained reclassification within operating cash flows.
Change
Government reimbursements deducted from salaries in employee expense disclosures.

STMicroelectronics NV Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-12-15 10:14
STMicroelectronics NV Annual Report 2010
CR Monitor Issue: 
2011/1205
Company covered: 
STMicroelectronics NV
Period End: 
31 December 2010
Report issued on 15 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Financial instruments at fair value moved from Level 1 to Level 2 of valuation hierarchy without explanation.
Restatement
French research tax credit restated without explanation.

Tele 2 AB Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-14 11:06
Tele 2 AB Annual Report 2010
CR Monitor Issue: 
2011/1203
Company covered: 
Tele 2 AB
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
Revenue recognition policies change for multiple deliveries and 'enhanced fees'.
Change
Revised IFRS 3 "Business combinations" impacts on accounting for non-controlling interests.
Change
Greater detail provided on financial instruments.
Change
Increased disclosure of calls between fixed and mobile networks in segmental disclosures.

Marks and Spencer Group plc Period End 2 April 2011

Submitted by Company Reporting on Thu, 2011-12-01 10:01
Marks and Spencer Group plc Annual Report 2011
CR Monitor Issue: 
2011/1201
Company covered: 
Marks and Spencer Group plc
Period End: 
02 April 2011
Report issued on 01 December 2011 covered the following practice issues:
Inconsistent
Pension partnership liability added to exclusions from maturity table of financial liabilities.
Change
New disclosure that pension partnership payments will be adjusted against retained earnings when equity instrument exhausted.
Change
Additional disclosure on non-cancellable operating lease payments due after five years.
Change
Provisions table streamlined.

BNP Paribas SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-02 14:18
BNP Paribas SA Annual Report 2010
CR Monitor Issue: 
2011/1103
Company covered: 
BNP Paribas SA
Period End: 
31 December 2010
Report issued on 03 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Credit risk table includes average exposure to credit risk.
Change
Tax reconciliation excludes equity method and amounts attributed to goodwill; as social security charge included in standard tax rate.
Restatement
Results of business acquired in prior year distributed across reportable segments.

National Bank of Greece SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-02 12:20
National Bank of Greece SA Annual Report 2010
CR Monitor Issue: 
2011/1102
Company covered: 
National Bank of Greece SA
Period End: 
31 December 2010
Report issued on 02 November 2011 covered the following practice issues:
Divergence
Credit rating bands in debt security disclosures changed without explanation, leading to mixture of "investment" and "speculative" graded securities.
Change
Change in classification of some former fee income as interest income.
Restatement
Financial instruments changed to "non-interest bearing" in table showing exposure to interest rate risk.

ARM Holdings plc Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-10-31 14:43
ARM Holdings plc Annual Report 2010
CR Monitor Issue: 
2011/1015
Company covered: 
ARM Holdings plc
Period End: 
31 December 2010
Report issued on 31 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Normalised profit disclosed by segment and additional geographical information.
Change
Improved disclosure of timing of revenue recognition.
Change
Limited information on effects of changes to UK corporation tax and capital allowance rates.
Restatement
Change in classification of short-term investments from available for sale to loans and receivables.
Restatement
Operating cash flows calculated from profit before tax rather than profit from operations.