Germany

Metro AG Period End 31 December 2010

Submitted by Company Reporting on Wed, 2012-01-18 13:58
Metro AG Annual Report 2010
CR Monitor Issue: 
2012/0107
Company covered: 
Metro AG
Period End: 
31 December 2010
Report issued on 18 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Some land leases reclassified from operating to finance leases.
Change
Weighted average cost of capital calculation more differentiated following establishment of new profit centre.
Inconsistent
No disclosure of current year effect as bills of exchange reclassified from financial to trade liabilities with consequent effect on net debt.
Change
Concept of net working capital brought into line with other companies in statement of cash flows.
Divergence
Leasehold improvements reclassified from land and buildings to other plant and equipment, but explanation lacks clarity.

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.

Hochtief AG Period End 31 December 2010

Submitted by YWang on Tue, 2011-10-11 10:14
Hochtief AG Annual Report 2010
CR Monitor Issue: 
2011/1004
Company covered: 
Hochtief AG
Period End: 
31 December 2010
Report issued on 11 October 2011 covered the following practice issues:
Restatement
Comparative fair value hierarchy disclosure restated without explanation.
Inconsistent
No disclosure of the current year impact of adopting an IFRIC.
Inconsistent
Change in method of foreign exchange sensitivity analysis to use rates against the functional currencies of Group companies but no explanation provided.
Change
Gains from divestitures disclosed separately.
Change
Separate disclosure of two items in other receivables and other assets.

Deutsche Borse AG Period End 31 December 2010

Submitted by YWang on Tue, 2011-09-27 13:59
Deutsche Borse AG Annual Report Year
CR Monitor Issue: 
2011/0911
Company covered: 
Deutsche Borse AG
Period End: 
31 December 2010
Report issued on 27 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Change to base segments sorely on markets.
Change
Capitalised development expenditure no longer reported as income.
Change
Volume related costs separated from operating costs with new income statement line items added.
Change
Improvement in disclosure of the acturial assumptions by country.
Change
An intra-group restructuring leads to changes in the calculation of solvency ratios.

Allianz SE Period End 31 December 2010

Submitted by YWang on Tue, 2011-09-27 09:44
Allianz SE Annual Report 2010
CR Monitor Issue: 
2011/0910
Company covered: 
Allianz SE
Period End: 
31 December 2010
Report issued on 27 September 2011 covered the following practice issues:
Inconsistent
Changes in policies for index options and related credits to policyholders' accounts but no disclosure of the current year impact.
Change
Separate disclosure for available-for-sale government bonds allocated to Greece, Ireland and Portugal.
Change
Separate note provided for disclosure of accounting estimates and assumptions.
Change
Net run-off triangles of Property-Casualty business disclosed in a note.
Change
Increase in disclosure of significant disposals.

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.

Bayerische Motoren Werke AG Period End 31 December 2010

Submitted by YWang on Fri, 2011-08-19 09:59
Bayerische Motoren Werke AG Annual Report 2010
CR Monitor Issue: 
2011/0813
Company covered: 
Bayerische Motoren Werke AG
Period End: 
31 December 2010
Report issued on 19 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Reassigning hedges to the held for trading category introduces an apparent non-compliance with IFRS.
Change
Fair value hierarchy disclosure improved by inclusion of hedges.
Change
Lack of clarity in disclosure of refinement of the inputs to the model used to fair value derivatives.
Restatement
No explanation for restating comparative maturity analysis of financial liabilities on derivatives.
Change
Disclosure of auditors' fees now includes those paid to auditors of a subsidiary in the CIS counties.
Change
China now reported separately in the geographical segmental disclosures following a significant increase in revenue from that country.

Commerzbank AG Period End 31 December 2010

Submitted by YWang on Tue, 2011-08-16 09:30
Company Name Annual Report Year
CR Monitor Issue: 
2011/0811
Company covered: 
Commerzbank AG
Period End: 
31 December 2010
Report issued on 16 August 2011 covered the following practice issues:
Change
Financial statements lines revised to follow the requirements under IFRS.
Change
Reporting structure for net interest income of a subsidiary aligned with own structure.
Change
Correction of prior year errors in reporting financial instruments at fair value through profit or loss as being measured at amortised cost.
Change
Time bands used in maturity analysis of the nominal values of derivatives harmonised with those elsewhere.
Change
"More precise details" of remuneration to managing directors provided including share-based payments.
Change
Brand names and customer relationships now shown separately within intangible assets.