Research and development

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.

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.

Cookson Group plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-09 11:37
Cookson Group plc Annual Report 2010
CR Monitor Issue: 
2011/1104
Company covered: 
Cookson Group plc
Period End: 
31 December 2010
Report issued on 09 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
More detail given in segmental disclosures.
Restatement
Unexplained restatement of operating lease commitments.
Restatement
Unexplained restatement of research and development costs, which are now disclosed by segment.
Restatement
Error corrected in presentation of interest in joint venture assets.

BAE Systems plc Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-09-01 09:52
BAE Systems plc Annual Report 2010
CR Monitor Issue: 
2011/0901
Company covered: 
BAE Systems plc
Period End: 
31 December 2010
Report issued on 01 September 2011 covered the following practice issues:
Change
Inflation index gain on move to Consumer Prices Index for pensions recognised in other comprehensive income.
Change
Former associate classed as discontinued operation with residual interest treated as financial asset.
Change
Business combination adjusted for resolution of dispute on receipt of payment from former owners.
Change
Deferred tax remeasured for fall in corporation tax rate.
Divergence
Fees for audit services relating to pension schemes disclosed following UK regulations, with belated comparative.

Acciona SA Period End 31 December 2008

Submitted by Company Reporting on Thu, 2009-10-22 23:00
Acciona SA Annual Report 2008

Joint venture acquisition proves a passing fancy

Spanish construction company Acciona finalises the accounting for a €9.3 billion interest in a joint venture as an acquisition in stages and discloses a ten year management agreement, but then adds that it intends to dispose of its interest, whilst retaining renewable energy assets, in the next financial year.

Carlsberg A/S Period End 31 December 2008

Submitted by Company Reporting on Thu, 2009-03-19 00:00
Carlsberg Annual Report 2008

Intangibles increase to 139% of equity following acquisition
Following a major acquisition, Danish brewer Carlsberg increases disclosure on the valuation methods it applies, while goodwill and other intangibles amount to 139% of equity.