2790 Support Services

Experian plc

Submitted by YWang on Wed, 2012-02-08 14:12
Experian plc Annual Report 2011
CR Monitor Issue: 
2012/0205
Company covered: 
Experian plc
Period End: 
31 March 2011
Report issued on 8 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Changing to use CPI rather than RPI as inflation measure gives rise to gains in both income statement and other comprehensive income.
Change
Changes made to income statement whereby costs are now classified by nature rather than by function.
Change
Revised classification of net finance costs between income and expense items.
Divergence
Analysis of other comprehensive income by item removed from statement of changes in equity but no concentration of such disclosures in a note.
Change
An associate disposed of classified as discontinued operation.
Change
Disclosure of fair values of assets and liabilities arising from current year acquisitions follows minimum requirement under revised IFRS 3.

Serco Group plc Period End 31 December 2010

Submitted by Company Reporting on Tue, 2012-01-31 11:02
Serco Group plc Annual Report 2010
CR Monitor Issue: 
2012/0114
Company covered: 
Serco Group plc
Period End: 
31 December 2010
Report issued on 31 January 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
New segmental structure applied, as capital expenditure by segment excludes finance leases.
Change
Adjusted operating profit added to face of income statement.
Restatement
Employee costs restated without explanation.

Connaught plc Period End 31 August 2009

Submitted by Company Reporting on Fri, 2009-12-11 00:00
Connaught plc Annual Report 2009

Fine treated as an adjusting post balance sheet event reduces profit by 17%
UK equipment maintenance company Connaught treats as an adjusting event a £5.6 million post balance sheet fine imposed by the Office of Fair Trading that reduces its pre-tax profit by 17%.

Wolseley plc Period End 31 July 2009

Submitted by Company Reporting on Wed, 2009-11-25 16:03

Discontinued operation represents 38% of loss for year
UK building materials distributor Wolseley classifies a US business as discontinued whose trading losses and loss on disposal together represent 38% of a £1.2 billion post-tax loss for the year.

Cashbox vehicle company used to create distributable reserves
UK building materials distributor Wolseley uses a cashbox vehicle company to create £720 million distributable reserves through a rights issue.

eaga plc Period End 31 May 2009

Submitted by Company Reporting on Thu, 2009-10-22 23:00
eaga plc Annual Report 2009

Enhanced goodwill disclosures bring to light prior year non-compliance

UK energy efficiency company eaga discloses the allocation of goodwill to material cash-generating units, bringing to light prior year non-compliance with IAS 36 “Impairment of assets”, though no impairment of goodwill is recognised in the year.

Employee Trust-funded share-based payments disclosed separately on income statement

UK energy efficiency company eaga recognises £1.6 million cost in respect of share-based payments funded by an employee Trust that holds 37% of its share capital through “waiver” of dividend rights, though the motivation of the Trust is not explained in the annual report.