Greece

National Bank of Greece SA Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-02 12:20
National Bank of Greece SA Annual Report 2010
CR Monitor Issue: 
2011/1102
Company covered: 
National Bank of Greece SA
Period End: 
31 December 2010
Report issued on 02 November 2011 covered the following practice issues:
Divergence
Credit rating bands in debt security disclosures changed without explanation, leading to mixture of "investment" and "speculative" graded securities.
Change
Change in classification of some former fee income as interest income.
Restatement
Financial instruments changed to "non-interest bearing" in table showing exposure to interest rate risk.

EFG Eurobank Ergasias SA Period End 31 December 2010

Submitted by YWang on Wed, 2011-08-31 13:51
EFG Eurobank Ergasias Annual Report Year
CR Monitor Issue: 
2011/0818
Company covered: 
EFG Eurobank Ergasias
Period End: 
31 December 2010
Report issued on 31 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Additional adjusted eps measure provided which only impacts comparatives.
Change
Control over an investment company obtained without the transfer of consideration.

Hellenic Telecommunications Organisation SA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-07-18 15:30
Hellenic Telecommunications Organisation SA Annual Report 2010
CR Monitor Issue: 
2011/0708
Company covered: 
Hellenic Telecommunications Organisation SA
Period End: 
31 December 2010
Report issued on 19 July 2011 covered the following practice issues:
Restatement
Move from corridor method to immediate recognition of actuarial movements on defined benefit pension commitments.
Change
Improved disclosure of risks includes discussion of regulatory framework, impairments, pensions and tax.
Restatement
Goodwill adjustment shown separately as business combination finalised.
Change
Provision recognised following pension negotiations with Greek government, with further contingent liability disclosed.
Change
Indications of impairment leads to significant income statement charge.

OPAP SA Period End 31 December 2008

Submitted by Company Reporting on Wed, 2009-06-17 23:00
OPAP SA Annual Report 2008

Future effects of abbreviated useful life disclosed
Greek gambling company OPAP reduces the useful lives of "know how", which it classes as an intangible asset, and discloses both the current year effect and effects over the next two years.

Alpha Bank Group AE Period End 31 December 2008

Submitted by Company Reporting on Mon, 2009-05-04 23:00
Alpha Bank Group Annual Report 2008

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.

Opap SA Period End 31 December 2007

Submitted by Company Reporting on Thu, 2008-06-26 23:00
Opap Annual Report Year 2007

Payments to betting games winners introduce liquidity risk
Greek gambling company OPAP explains how payments to winners of betting games give rise to theoretical liquidity risk.