Switzerland

Compagnie Financière Richemont SA Period End 31 March 2011

Submitted by YWang on Fri, 2012-01-27 14:40
Compagnie Financière Richemont SA Annual Report 2011
CR Monitor Issue: 
2012/0113
Company covered: 
Compagnie Financière Richemont SA
Period End: 
31 March 2011
Report issued on 27 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Land lease relationships reclassified from operating to financing leases following an amendment to IAS 17.
Change
Adjustment made to time band in a maturity analysis of financial liabilities.

STMicroelectronics NV Period End 31 December 2010

Submitted by Company Reporting on Thu, 2011-12-15 10:14
STMicroelectronics NV Annual Report 2010
CR Monitor Issue: 
2011/1205
Company covered: 
STMicroelectronics NV
Period End: 
31 December 2010
Report issued on 15 December 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Divergence
Financial instruments at fair value moved from Level 1 to Level 2 of valuation hierarchy without explanation.
Restatement
French research tax credit restated without explanation.

Baloise Holding Period End 31 December 2010

Submitted by YWang on Thu, 2011-09-22 15:32
Baloise Holding Annual Report 2010
CR Monitor Issue: 
2011/0909
Company covered: 
Baloise Holding
Period End: 
31 December 2010
Report issued on 22 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Buyout of minority interests in a subsidiary treated as an equity transaction.
Change
Loss of control over a subsidiary leads to remeasurement of the investment at fair value.
Change
Retrospective adjustment to a previous acquisition following lapse of a contingent purchase price agreement without effect.
Change
More information about "business segments" provided.

UBS AG Period End 31 December 2010

Submitted by YWang on Thu, 2011-07-28 12:44
UBS AG Annual Report 2010
CR Monitor Issue: 
2011/0715
Company covered: 
UBS AG
Period End: 
31 December 2010
Report issued on 28 July 2011 covered the following practice issues:
Inconsistent
Material cumulative errors not corrected retrospectively.
Change
Measurement of subprime financial assets moves from Level 3 to Level 2.
Change
Changes in balance sheet format including separate line items for cash collateral receivables and payables on derivatives.
Change
Changes in disclosure of personnel expenses.
Change
Methodology of measuring the carrying amounts of CGUs changed to an Equity Attribution framework.

Swisscom AG Period End 31 December 2010

Submitted by YWang on Thu, 2011-07-07 09:05
Swisscom AG Annual Report 2010
CR Monitor Issue: 
2011/0703
Company covered: 
Swisscom AG
Period End: 
31 December 2010
Report issued on 07 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Adoption of an amendment to IFRS leads to reclassification of land leases.
Change
Options linked to future acquisitions recognised following adoption of another amendment to IFRS.

Nestlé SA Period End 31 December 2010

Submitted by YWang on Tue, 2011-06-14 09:58
Nestlé SA Annual Report 2010
CR Monitor Issue: 
2011/0609
Company covered: 
Nestlé SA
Period End: 
31 December 2010
Report issued on 14 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Improvements made to disclosures of share-based payment transactions.
Change
Table changed to show separately pension expenses relating to discontinued operations.

Givaudan SA Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-06-10 06:38
Givaudan SA Period End 31 December 2010
CR Monitor Issue: 
2011/0607
Company covered: 
Givaudan SA
Period End: 
31 December 2010
Report issued on 10 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Changes in fair value and realised gains and losses on own equity instruments classified as derivarives presented within each relevant line of operating expenses.
Change
Elimination of measures of segmental assets and liabilities.
Restatement
Restatement to reclassify CHF6 million of current portion of provisions as current liabilities.

The Swatch Group SA Period End 31 December 2010

Submitted by YWang on Wed, 2011-05-18 06:35
The Swatch Group SA Annual Report 2010
CR Monitor Issue: 
2011/0514
Company covered: 
The Swatch Group SA
Period End: 
31 December 2010
Report issued on 18 May 2011 covered the following practice issues:
Inconsistent
Revised maturity analysis of financial liabilities still falls short of IFRS.
Change
Comparative analysis of movements in provisions no longer provided.
Change
Cash flow disclosures on business disposals.
Change
Purchases of non-controlling interests accounted for as equity transactions with cash flows included in financing activities.
Change
Change in reportable segments prompts restatement of prior year comparatives.