SIC 12 'Consolidation - special purpose entities'

Alpha Bank Group AE Period End 31 December 2008

Submitted by Company Reporting on Mon, 2009-05-04 23:00

Reclassification of financial assets averts recording €217 million losses
Greek bank Alpha Bank reclassifies €1.1 billion available-for-sale financial assets, mainly relating to government bonds, to held to maturity which results in €217 million fair value losses not being recognised.

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Anglo American plc Period End 31 December 2007

Two disposals classified as discontinued operations
UK mining company Anglo American classifies an associate disposed of at a gain of $1.97 billion, equivalent to 22.3% of continuing pre-tax profit, and a demerged business carried at $3.7 billion, as discontinued operations.

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HSBC Holdings plc Period End 31 December 2007

SPEs consolidated following injections of liquidity
UK bank HSBC consolidates two special purpose entities (SPEs) with total assets of US$40.7 billion, representing 1.7% of balance sheet totals, following substantial injections of liquidity that change its relationship with them.

Gain on dilution of interest in associates recognised in income
UK bank HSBC recognises in the income statement US$1 billion gain on dilution of its interest in five associates, amounting to 4.1% of pre-tax profit, following non-participation in share issues.

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Marston’s plc Period End 29 September 2007

Submitted by Company Reporting on Thu, 2008-01-31 00:00

Smoking ban and increased regulation increase potential risks

UK pub company Marston's includes smoking ban and increased regulation in its report of the risks it faces and how they are managed.

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Anglo American plc Period End 31 December 2006

Black economic empowerment appears on the income statement
Following guidance under South African GAAP, UK mining company Anglo American classifies as share-based payments $34 million of its $136 million losses on part-disposal of two businesses.

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Telecom Italia SpA Period End 31 December 2006

Submitted by Company Reporting on Wed, 2007-05-09 23:00

Mobile contracts recognised as intangibles
Italian telecoms company Telecom Italia recognises €160 million subscription acquisition and retention costs as intangible assets, following introduction of new terms and conditions in some sales contracts.

Related party transactions disclosed on primary statements
Italian telecoms company Telecom Italia discloses transactions with related parties on the face of its income statement, with balances disclosed on the face of the balance sheet.

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Marston's plc Period End 30 September 2006

Submitted by Company Reporting on Fri, 2007-02-09 00:00

Divergence opens up on concept of operating profit

UK pub company Marston's includes £3.8 million impairments on assets transferred to held-for sale and £5.1 million profits on disposals of property, plant and equipment in operating profit, in contrast to its industry peers. This represents 1.3% of profit before tax.

New light on deferred tax as revaluation model retained

UK pub company Marston's retains the revaluation model for its pub estate and recognises £127 million deferred tax, representing 19% of equity, on revaluations and rolled over gains.

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Groupe Danone Period End 31 December 2005

Submitted by Company Reporting on Thu, 2006-06-01 23:00

Minority rights generate goodwill
French food producer Danone has granted put options to minority interests and recognises €2.2 billion goodwill on fair valuation of the option.

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Novartis AG Period End 31 December 2005

Submitted by Company Reporting on Mon, 2006-02-20 00:00

Costs of share plans become clear
Swiss pharmaceuticals companies Novartis and Roche both recognise the costs of share-based compensation that reduce profit before tax by 7% and 6% respectively.