Finland

Stora Enso Oyj Period End 31 December 2010

Submitted by YWang on Wed, 2011-07-13 09:39
Stora Enso Oyj Annual Report 2010
CR Monitor Issue: 
2011/0707
Company covered: 
Stora Enso Oyj
Period End: 
31 December 2010
Report issued on 13 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Inconsistent
Post balance sheet announcement of significant capital expenditures not disclosed in the financial statements.
Change
The amount of consideration payable for an acquisition not specified.

Fortum Oyj Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-06-02 15:58
Fortum Oyj Annual Report 2010
CR Monitor Issue: 
2011/0601
Company covered: 
Fortum Oyj
Period End: 
31 December 2010
Report issued on 03 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Comparable operating profit line added to the face of the income statement.
Change
A change in the internal composition of segments results in the restatement of comparatives.
Change
Cash flow breakdowns presented in the notes rather than on the face of the cash flow statement.

Sampo Oyj Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-05-25 06:23
Sampo Oyj Annual Report 2010
CR Monitor Issue: 
2011/0516
Company covered: 
Sampo Oyj
Period End: 
31 December 2010
Report issued on 25 May 2011 covered the following practice issues:
Change
Sensitivity analysis on financial instruments highlights previous non-compliance with IFRS.
Change
Statement of comprehensive income analysed by segment.
Inconsistent
Information on defined benefit pension schemes restricted to last two years, contrary to IFRS.
Inconsistent
Remuneration of key management personnel restated without explanation, contrary to IFRS.

Kone Oyj Period End 31 December 2010

Submitted by Alisdair on Mon, 2011-04-11 07:24
Kone Oyj Annual Report 2010
Unusual location chosen for disclosure of post balance sheet event
Finnish elevator company Kone discloses information on a legal case commenced against it after the year end for civil damages of up to €71 million, but includes the information only in the Board of Directors’ report, contrary to IAS 1 “Presentation of financial statements”.

UPM-Kymmene Oyj Period End 31 December 2009

Submitted by Company Reporting on Tue, 2010-03-23 12:59
Gain on revaluation of previously held interest in an acquiree not reported as income
Finnish paper company UPM-Kymmene understates by 52% total comprehensive income by excluding a €358 million gain arising from revaluing its previously held interest in a company acquired during the year, thus falling short of IFRS.

Wärtsilä Corporation Period End 31 December 2009

Submitted by Company Reporting on Wed, 2010-03-03 00:00

Significant restructuring disclosed outside financial statements
Finnish engineering company Wärtsilä discloses a significant reduction of capacity, that it expects to lead to €140 million non-recurring costs equal to 25% of current year profit but, contrary to IFRS requirements, locates the principal disclosure outside the financial statements and notes.

State of order book included in segmental disclosures
Finnish engineering company Wärtsilä discloses information by three business areas, including significant declines of up to 83% in new orders, whilst drawing attention to limitations of the information.