Provisions

Snam Rete Gas SpA Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-12-16 10:31
Snam Rete Gas SpA Annual Report 2010
CR Monitor Issue: 
2011/1208
Company covered: 
Snam Rete Gas SpA
Period End: 
31 December 2010
Report issued on 16 December 2011 covered the following practice issues:
Restatement
Service concession arrangement assets move to intangible asset model.
Restatement
Deferred income subject to decision by Italian authority divided between current and non-current and moved out of provisions.

SAP AG Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-12-15 14:53
SAP AG Annual Report 2010
CR Monitor Issue: 
2011/1206
Company covered: 
SAP AG
Period End: 
31 December 2010
Report issued on 15 December 2011 covered the following practice issues:
Change
New disclosure on ongoing legal cases as significant litigation-related provision impacts profit.
Change
Information given on goodwill and acquired intangible assets on business combination.
Change
Changes to segmental disclosure as use of US GAAP discontinued.

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.

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.

Elan Corporation plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-23 11:39
Elan Corporation plc Annual Report 2010
CR Monitor Issue: 
2011/1109
Company covered: 
Elan Corporation plc
Period End: 
31 December 2010
Report issued on 23 November 2011 covered the following practice issues:
Change
Provision recognised for investigation that was an unquantified contingency in previous period.
Inconsistent
No separate line for share of result of associate on income statement.
Change
Change in segmental disclosure of impairments.
Restatement
Exposure to credit risk restated.

Atlas Copco AB Period End 31 December 2010

Submitted by YWang on Wed, 2011-11-16 16:30
Atlas Copco AB Annual Report 2010
CR Monitor Issue: 
2011/1107
Company covered: 
Atlas Copco AB
Period End: 
31 December 2010
Report issued on 16 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Impairment disclosed separately in segmental information.
Change
Cash flows from purchase and sale of rental equipment reclassified from investing to operating, with the description of revenue recognition policy changed to include sale of rental equipment.
Change
Financial information about associates changed to show 100% rather than the company's share.
Change
Changes in reconciliation of movements in pension assets result in benefits paid no longer being equivalent to benefit paid in the reconciliation of movements in liabilities.
Change
Service contract no longer shown as a separate class of provisions.
Change
Separate disclosure of auditor's fees relating to tax services.

Assicurazioni Generali SpA Period End 31 December 2010

Submitted by YWang on Thu, 2011-10-27 12:12
Assicurazioni Generali SpA Annual Report 2010
CR Monitor Issue: 
2011/1013
Company covered: 
Assicurazioni Generali SpA
Period End: 
31 December 2010
Report issued on 27 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Pension assumptions analysed by geographical location but other disclosures still provided only in aggregate.
Inconsistent
Comparatives in tax reconciliation no longer provided.
Change
Application of a "business approach" in segment reporting expanded to balance sheet disclosures but details are unclear.
Change
Provisions for taxation partially reclassified from "other provisions" to "tax payables".

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.

L’Air Liquide SA Period End 31 December 2010

Submitted by YWang on Fri, 2011-09-16 13:52
L’Air Liquide SA Annual Report 2010
CR Monitor Issue: 
2011/0907
Company covered: 
L’Air Liquide SA
Period End: 
31 December 2010
Report issued on 16 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Fair value disclosure no longer covers all financial assets and liabilities but only non-current borrowings.
Change
Fair value hierarchy disclosure now includes net rather than gross position on derivatives.
Change
Silent correction of a prior year error in presentation of available-for-sale financial assets within fair value hierarchy disclosure.
Change
Cash flows from purchase of non-controlling interests classified as financing activities.
Restatement
Bonus share issue prompts restatement of prior year earnings per share.
Change
Total amount of provisions on litigations disclosed.

HeidelbergCement AG Period End 31 December 2010

Submitted by YWang on Thu, 2011-09-15 14:09
HeidelbergCement AG Annual Report 2010
CR Monitor Issue: 
2011/0906
Company covered: 
HeidelbergCement AG
Period End: 
31 December 2010
Report issued on 15 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Change in disclosure of contribution of proportionately consolidated joint ventures from relative percentage to absolute numbers.
Change
Analysis of non-recurring income and expenses expanded.
Inconsistent
Maturity analysis of provisions provided without prior year comparatives.
Change
Liabilities on put options presented separately.
Change
Europe reportable segment splitted into two with a geographical analysis of revenue and non-current assets provided.
Change
Cash flows from changes in ownership interests in a subsidiary classified as financing.