Prior year adjustments

The Capita Group Plc Period End 31 December 2010

Submitted by YWang on Wed, 2011-11-02 11:09
The Capita Group Plc Annual Report 2010
CR Monitor Issue: 
2011/1101
Company covered: 
The Capita Group Plc
Period End: 
31 December 2010
Report issued on 02 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Impact of change in tax rate disclosed.
Change
Only fair values of assets and liabilities acquired through business combinations disclosed following adoption of revised IFRS 3.
Change
Several new risks added to risk disclosures with disclosure of the potential impacts.
Restatement
Restatement of prior year comparative receivables and payables without explanation.

Deutsche Bank AG Period End 31 December 2010

Submitted by YWang on Thu, 2011-06-23 08:50
Deutsche Bank AG Annual Report 2010
CR Monitor Issue: 
2011/0612
Company covered: 
Deutsche Bank AG
Period End: 
31 December 2010
Report issued on 23 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Restatement
Restatement of comparatives following reallocating goodwill to cash-generating units reduces clarity.
Change
Summary table for commitments and contingent liabilities published in a note to loans.
Restatement
Several restatements, including financial assets not qualifying for derecognition and a sensitivity analysis, made without explanation.

GAM Holding Ltd Period End 31 December 2010

Submitted by YWang on Thu, 2011-05-05 06:32
GAM Holding Ltd Annual Report 2010
CR Monitor Issue: 
2011/0503
Company covered: 
GAM Holding Ltd
Period End: 
31 December 2010
Report issued on 05 May 2011 covered the following practice issues:
Change
Balance sheet format changed to current and non-current distinction.
Change
Income statement line items rearranged and eps disclosure now presented in income statement.
Change
Cash flow from available-for-sale financial assets reclassified as from investing activities.
Change
Accrued income and receivables now included within maximum exposure to credit risk.
Restatement
Several prior year items including share-based payments to key management personnel restated but without any explanation.
Change
Impairment of associate reduces profit by 76.8%.

Zurich Financial Services Ltd Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-04-21 08:05
Zurich Financial Services Ltd Annual Report 2010
CR Monitor Issue: 
2011/0403
Company covered: 
Zurich Financial Services Ltd
Period End: 
31 December 2010
Report issued on 21 April 2011 covered the following practice issues:
Change
Decision to hedge leads to change in policy for measuring underlying insurance liabilities.
Inconsistent
Two newly acquired subsidiaries not consolidated.
Restatement
Change in method of, and correction of errors in, classification prompt prior year adjustments.
Restatement
Inconsistent disclosures of amounts of restatements.

Enterprise Inns plc Period End 30 September 2009

Submitted by Company Reporting on Wed, 2010-01-20 09:55
Enterprise Inns plc Annual Report 2009

Change in calculation of deferred tax treated in the same way as correction of an error
UK pub company Enterprise Inns revises its method of calculating deferred tax liabilities on revaluations of property and rolled over gains and treats the revision in the same way as correction of a material error.

Punch Taverns plc Period End 22 August 2009

Submitted by Company Reporting on Mon, 2009-12-21 00:00
Punch Taverns plc Annual Report 2009

Gain on early redemption of debt eases reported loss
UK pub company Punch Taverns records £246 million gain on early redemption of secured loan notes and convertible bonds that reduces pre-tax loss to £406 million.

Share issue structured to record premium within distributable reserves
UK pub company Punch Taverns structures a share issue to avoid company legislation that would normally require share premium to be placed to a non-distributable reserve.

Connaught plc Period End 31 August 2009

Submitted by Company Reporting on Fri, 2009-12-11 00:00
Connaught plc Annual Report 2009

Fine treated as an adjusting post balance sheet event reduces profit by 17%
UK equipment maintenance company Connaught treats as an adjusting event a £5.6 million post balance sheet fine imposed by the Office of Fair Trading that reduces its pre-tax profit by 17%.