1353 Commodity Chemicals

L’Air Liquide SA Period End 31 December 2010

Submitted by YWang on Fri, 2011-09-16 13:52
L’Air Liquide SA Annual Report 2010
CR Monitor Issue: 
2011/0907
Company covered: 
L’Air Liquide SA
Period End: 
31 December 2010
Report issued on 16 September 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Fair value disclosure no longer covers all financial assets and liabilities but only non-current borrowings.
Change
Fair value hierarchy disclosure now includes net rather than gross position on derivatives.
Change
Silent correction of a prior year error in presentation of available-for-sale financial assets within fair value hierarchy disclosure.
Change
Cash flows from purchase of non-controlling interests classified as financing activities.
Restatement
Bonus share issue prompts restatement of prior year earnings per share.
Change
Total amount of provisions on litigations disclosed.

BASF SE Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-06-03 09:29
BASF SE Annual Report 2010
CR Monitor Issue: 
2011/0602
Company covered: 
BASF SE
Period End: 
31 December 2010
Report issued on 03 June 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Analysis of related party transactions presented.
Change
Aged analysis of overdue receivables includes disclosure of doubtful debt valuation allowances.
Restatement
Cash flows from hedging activities shown as part of financing activities rather than operating activities.

Bayer AG Period End 31 December 2010

Submitted by Alisdair on Mon, 2011-04-04 09:50
Bayer AG Annual Report 2010
Improved elimination of intra-group transactions reduces equity
German chemical company Bayer reduces opening equity by €77 million, following implementation of an improved system for eliminating intra-group transfers of inventory and describes the change as applied retrospectively in the current year.