Post balance sheet events

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.

Aquarius Platinum Limited Period End 30 June 2011

Submitted by YWang on Tue, 2012-01-17 11:15
Aquarius Platinum Limited Annual Report 2011
CR Monitor Issue: 
2012/0106
Company covered: 
Aquarius Platinum Limited
Period End: 
30 June 2011
Report issued on 17 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
US$160 million impairments against a mine and a loan balance due from a third party.
Change
Post balance sheet acquisition and other event.
Change
Disclosure of key performance indicators revised.

Cobham plc Period End 31 December 2010

Submitted by YWang on Mon, 2011-10-24 08:59
Cobham plc Annual Report 2010
CR Monitor Issue: 
2011/1009
Company covered: 
Cobham plc
Period End: 
31 December 2010
Report issued on 24 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Rates of increase in pensions disclosed.
Change
Provisions on business disposals presented as a separate class.
Change
Impact of reduction in tax rate not disclosed with the company telling us that it is immaterial.
Change
Prejudicial override invoked not to provide further information on one contractual breach.
Change
Disclosure of two acquisitions after the year end but impracticable to give detailed information.
Change
Revenue recognition policy expanded.

GDF SUEZ SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-09-13 14:08
GDF SUEZ SA Annual Report 2010
CR Monitor Issue: 
2011/0905
Company covered: 
GDF SUEZ SA
Period End: 
31 December 2010
Report issued on 13 September 2011 covered the following practice issues:
Change
Changes to obligations arising from pension reform accounted for as an actuarial loss.
Change
Assets including reimbursement rights and tax receivables no longer included in the loans and receivables category.
Restatement
Derivatives used to hedge commodities now included in fair value hierarchy disclosure.
Change
Pension actuarial gains and losses now recognised in "consolidated reserves" rather than a separate reserve.
Change
Items of other comprehensive income allocated to owners of the parent and non-controlling interests.
Change
Cash flows from changes in ownership interests in subsidiaries classified as financing activities.

AP Moller Maersk A/S Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-07-27 15:19
AP Moller Maersk A/S Annual Report 2010
CR Monitor Issue: 
2011/0713
Company covered: 
AP Moller Maersk A/S
Period End: 
31 December 2010
Report issued on 27 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Pre-acquisition book values not identified.
Change
Impairment test basis altered.
Restatement
Provisions relating to legal disputes identified separately.
Restatement
Deferred tax assets and liabilities grossed up.
Restatement
Amounts on the face of the income statement no longer aggregated.
Change
Financial impact of post balance sheet event not quantified.

Stora Enso Oyj Period End 31 December 2010

Submitted by YWang on Wed, 2011-07-13 09:39
Stora Enso Oyj Annual Report 2010
CR Monitor Issue: 
2011/0707
Company covered: 
Stora Enso Oyj
Period End: 
31 December 2010
Report issued on 13 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Inconsistent
Post balance sheet announcement of significant capital expenditures not disclosed in the financial statements.
Change
The amount of consideration payable for an acquisition not specified.

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.

Kone Oyj Period End 31 December 2010

Submitted by Alisdair on Mon, 2011-04-11 07:24
Kone Oyj Annual Report 2010
Unusual location chosen for disclosure of post balance sheet event
Finnish elevator company Kone discloses information on a legal case commenced against it after the year end for civil damages of up to €71 million, but includes the information only in the Board of Directors’ report, contrary to IAS 1 “Presentation of financial statements”.

Bayer AG Period End 31 December 2010

Submitted by Alisdair on Mon, 2011-04-04 09:50
Bayer AG Annual Report 2010
Improved elimination of intra-group transactions reduces equity
German chemical company Bayer reduces opening equity by €77 million, following implementation of an improved system for eliminating intra-group transfers of inventory and describes the change as applied retrospectively in the current year.