Intangible assets

Reckitt Benckiser Group plc

Submitted by Company Reporting on Thu, 2012-02-02 15:56
Reckitt Benckiser Group plc Annual Report 2010
CR Monitor Issue: 
2012/0202
Company covered: 
Reckitt Benckiser Group plc
Period End: 
31 December 2010
Report issued on 02 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Reason for business combination disclosed in terms of increased sector presence.
Change
Goodwill included with brands in table of indefinite life assets by cash-generating unit.
Restatement
Comparative trade receivables past due but not impaired reduced without explanation.
Change
Share premium account included in reserves following share issue.

Rentokil Initial plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-21 13:46
Rentokil Initial plc Annual Report 2010
CR Monitor Issue: 
2011/1215
Company covered: 
Rentokil Initial plc
Period End: 
31 December 2010
Report issued on 21 December 2011 covered the following practice issues:
Change
Significant goodwill impairments on prior year acquisitions attributed to dampened cash flow forecasts.
Change
Change of pension inflation measure leads to income statement gain.
Change
"One-off items" disclosed on line of income statement and excluded from adjusted earnings per share.
Change
Brands disaggregated as separate class of intangible asset in table.

L'Oréal SA Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-11-24 13:47
L'Oréal SA Annual Report 2010
CR Monitor Issue: 
2011/1110
Company covered: 
L'Oréal SA
Period End: 
31 December 2010
Report issued on 24 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
New provision recognised for potential fines, with increased disaggregation in note.
Change
New risk disclosures made for natural disasters, external growth and human resource management.
Restatement
Disclosures for former periods reclassified as segmentation changes.
Change
Increase in impairment test disclosures and reallocation of cash-generating unit goodwill and intangibles with indefinite useful lives.

Alfa Laval AB Period End 31 December 2010

Submitted by YWang on Thu, 2011-09-29 10:39
Alfa Laval AB Annual Report 2010
CR Monitor Issue: 
2011/0912
Company covered: 
Alfa Laval AB
Period End: 
31 December 2010
Report issued on 29 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Improvement in disclosure of intangible assets other than goodwill by class.
Change
Quantitative disclosures about financial covenants and outcomes provided.
Change
More detailed disaggregation of auditors' fees.
Change
Summarised financial information of joint ventures disclosed.

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.

Heineken NV Period End 31 December 2010

Submitted by YWang on Tue, 2011-07-12 09:10
Heineken NV Annual Report 2010
CR Monitor Issue: 
2011/0706
Company covered: 
Heineken NV
Period End: 
31 December 2010
Report issued on 12 July 2011 covered the following practice issues:
Change
New equity components arising from an acquisition represent 32% of total.
Change
Cash flows from acquisition of non-controlling interests classified as financing whilst interest paid and received now disclosed separately.
Change
Customer-related and contracted-based intangible assets shown as two classes following significant additions.
Change
Analysis of deferred tax across now includes amounts set off.
Change
Disclosure of guarantees moved from off-balance sheet commitments note to contingencies 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.

Novozymes A/S Period End 31 December 2010

Submitted by YWang on Fri, 2011-06-24 10:55
Novozymes A/S Annual Report 2010
CR Monitor Issue: 
2011/0613
Company covered: 
Novozymes A/S
Period End: 
31 December 2010
Report issued on 24 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Impairments recorded against know-how intangible assets and empty buildings.
Change
Useful lives of several know-how intangible assets reassessed and reduced.
Change
Improved disclosure of management remuneration.

ASML Holding NV Period End 31 December 2010

Submitted by Alisdair on Wed, 2011-04-13 09:47
ASML Holding NV Annual Report 2010
Undue reliance on US GAAP’s concept of control widens scope of consolidation
Dutch semiconductor manufacturer ASML consolidates a special purpose entity (SPE) that it controls, following changes to US GAAP which it uses to interpret the concept of control in SIC 12 “Consolidation – special purpose entities”, although there is relevant guidance in SIC 12.
Cash measured at fair value is reclassified to the highest category
Dutch semiconductor manufacturer ASML reclassifies money market funds to Level 1 from Level 2 of the fair value hierarchy of IFRS 7 “Financial instruments: disclosures”, but discloses elsewhere that it classifies them as loans and receivables.