1737 Paper

Holmen AB Period End 31 December 2010

Submitted by YWang on Tue, 2011-08-16 07:06
Holmen AB Annual Report 2010
CR Monitor Issue: 
2011/0810
Company covered: 
Holmen AB
Period End: 
31 December 2010
Report issued on 16 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Primary financial statements now accompanied by management commentary.
Change
Silviculture provision no longer shown as a separate class.
Change
Inclusion of a Sustainability Report.
Change
Disclosures of risk management now presented in a separate section in management commentary with those relating to financial risks moved from financial statements.
Change
Amendment to Swedish legislation prompts more detailed disclosure about auditors' fees.

Stora Enso Oyj Period End 31 December 2010

Submitted by YWang on Wed, 2011-07-13 09:39
Stora Enso Oyj Annual Report 2010
CR Monitor Issue: 
2011/0707
Company covered: 
Stora Enso Oyj
Period End: 
31 December 2010
Report issued on 13 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Inconsistent
Post balance sheet announcement of significant capital expenditures not disclosed in the financial statements.
Change
The amount of consideration payable for an acquisition not specified.

Holmen AB Period End 31 December 2009

Submitted by Company Reporting on Fri, 2010-04-09 10:53
Holmen AB Annual Report 2009
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.

UPM-Kymmene Oyj Period End 31 December 2009

Submitted by Company Reporting on Tue, 2010-03-23 12:59
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.