Unlisted

International Financial Reporting Standards Foundation Period End 31 December 2010

Submitted by YWang on Wed, 2011-07-20 09:02
International Financial Reporting Standards Foundation Annual Report 2010
CR Monitor Issue: 
2011/0709
Company covered: 
International Financial Reporting Standards Foundation
Period End: 
31 December 2010
Report issued on 20 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Reclassification of per diem expenses to employee costs.
Change
Improvement made to cash flow statement by moving foreign exchange payments from cash received to cash paid.
Change
Accounting policy of contributions expanded to include donated services.
Change
Change in disclosure of the number of and remuneration to IASB members.

British Broadcasting Corporation Period End 31 March 2010

Submitted by Alisdair on Mon, 2011-02-28 08:03
British Broadcasting Corporation Annual Report 2010
UK broadcaster’s move to IFRS increases lease recognition
UK public service broadcaster the British Broadcasting Corporation (the BBC) adopts IFRS for its 2010 annual report, leading to a reclassification of some operating leases as finance leases with consequent £161 million decrease in closing equity.
Slimmed down early retirement obligations give rise to one-off gain
UK public service broadcaster the British Broadcasting Corporation (the BBC) reduces its pension scheme obligations to staff and recognises a consequent £334 million one-off past service gain in its income statement that represents 65.2% of the corporation’s surplus before taxation for the year.
Disclosure of off-balance sheet arrangements follows new Companies Act requirement
UK public service broadcaster the British Broadcasting Corporation (the BBC) interprets a Companies Act 2006 amendment incorporating European legislation to require disclosure of £3.4 billion fixed payments due under outsourcing and similar arrangements, but does not include variable payments.