Portugal

Brisa - Auto-Estradas de Portugal SA Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-08-02 09:49
Brisa - Auto-Estradas de Portugal SA Annual Report 2010
CR Monitor Issue: 
2011/0802
Company covered: 
Brisa - Auto-Estradas de Portugal SA
Period End: 
31 December 2010
Report issued on 02 August 2011 covered the following practice issues:
Restatement
Adoption of new Interpretation on service concession arrangements leads to restatement.
Divergence
Senior management remuneration restated after Company Reporting criticism, but without explanation.
Change
Gain on disposal of business included in 'investment income'.
Change
Segmentation changes following change of policy on service concession arrangements.
Restatement
Restated foreign currency sensitivity analysis leads to lack of clarity.

CIMPOR - Cimentos de Portugal SGPS SA Period End 31 December 2008

Submitted by Company Reporting on Mon, 2009-07-06 23:00
CIMPOR - Cimentos de Portugal SGPS Annual Report 2008

Reversal of €49.6 million tax provisions increases profit by 27%
Following a favourable Court ruling, Portuguese cement manufacturer CIMPOR - Cimentos de Portugal reverses €49.6 million of tax provisions that increases profit for the year by some 27%.

Brisa - Auto-Estradas de Portugal SA Period End 31 December 2008

Submitted by Company Reporting on Wed, 2009-05-13 23:00
Brisa - Auto-Estradas de Portugal Annual Report 2008

Realisation of accumulated gain accounts for 20.8% of pre-tax profit
Portuguese motorway operator Brisa - Auto-Estrades de Portugal recognises a €38.3 million gain on disposal of an available-for-sale investment whose value built up over several years.

Banco Espírito Santo SA Period End 31 December 2008

Submitted by Company Reporting on Fri, 2009-05-08 15:00
Banco Espírito Santo SA Annual Report 2008

Reclassifications of financial assets have limited impact
Portuguese bank Banco Espírito Santo changes to measure €767 million financial assets at amortised cost rather than fair value, with little impact on profit or equity.