Tangible and intangible assets disclosed by location Swedish steel manufacturer SSAB analyses SEK42.2 billion non-current tangible and intangible assets by geographical location, following adoption of IFRS 8 “Operating segments”, showing that most are located in the USA.
Liquidity disclosures significantly at odds with IFRS Swedish paper manufacturer Holmen discloses explicitly that it includes only carrying amounts and not undiscounted cash flows in its maturity analysis of SEK5.8 billion financial liabilities, in a presentation that differs from that of other companies and conflicts with IFRS.
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.
Costs arising from rights issue increase loss by 36.7% UK mining company Lonmin carried out a rights issue and recognises US$73 million costs, including those arising from classification of the rights issue as a derivative liability, which increase pre-tax loss by 36.7%.
Increased risk of default by Greek government addressed in company accounts German steel company ThyssenKrupp discloses in a note on subsequent events that overdue amounts by the Greek government in respect of naval contracts have led it to terminate contracts with €534 million owing to it.
UK mining company BHP Billiton (BHP) restates its prior year cash flow statement, balance sheet and foreign exchange sensitivity analyses but does not give any explanation.