1757 Iron & Steel

SSAB AB Period End 31 December 2010

Submitted by Company Reporting on Fri, 2011-08-12 14:47
SSAB AB Annual Report 2010
CR Monitor Issue: 
2011/0809
Company covered: 
SSAB AB
Period End: 
31 December 2010
Report issued on 12 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Directors' variable remuneration payments recognised on cash basis.
Inconsistent
Share of associate amounts disclosed rather than total.
Change
Reportable segments based on geographical locations rather than operational activity.
Change
Auditors' fees analysed by nature of service.
Restatement
Opening balance of reserves restated in correction of error.

ThyssenKrupp AG Period End 30 September 2010

Submitted by Alisdair on Mon, 2011-01-10 11:56
ThyssenKrupp AG Annual Report 2010
Silent correction of a prior year error reduces retained earnings by 10%
German steel company ThyssenKrupp silently corrects a prior year error and moves post-employment benefit actuarial gains and losses and adjustments arising from the asset ceiling from a separate reserve to retained earnings which reduce by €382 million, although there is no impact on net assets.

SSAB AB (publ) Period End 31 December 2009

Submitted by Company Reporting on Mon, 2010-04-19 14:14
SSAB AB (publ) Annual Report 2009
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.

ThyssenKrupp AG Period End 30 September 2009

Submitted by Company Reporting on Thu, 2009-12-10 00:00

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.

Voestalpine AG Period End 31 March 2009

Submitted by Company Reporting on Tue, 2009-07-28 23:00
Voestalpine AG Annual Report 2009

Significance of long-term growth assumptions for goodwill disclosed

Austrian steel company Voestalpine discloses that a decrease from 1% to zero in its assumed long-term growth rate would lead to €49.1 million goodwill impairment.