2713 Aerospace

Cobham plc Period End 31 December 2010

Submitted by YWang on Mon, 2011-10-24 08:59
Cobham plc Annual Report 2010
CR Monitor Issue: 
2011/1009
Company covered: 
Cobham plc
Period End: 
31 December 2010
Report issued on 24 October 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Rates of increase in pensions disclosed.
Change
Provisions on business disposals presented as a separate class.
Change
Impact of reduction in tax rate not disclosed with the company telling us that it is immaterial.
Change
Prejudicial override invoked not to provide further information on one contractual breach.
Change
Disclosure of two acquisitions after the year end but impracticable to give detailed information.
Change
Revenue recognition policy expanded.

Rolls-Royce Holdings plc Period End 31 December 2010

Submitted by YWang on Mon, 2011-07-11 14:21
Rolls-Royce Holdings plc Annual Report 2010
CR Monitor Issue: 
2011/0704
Company covered: 
Rolls-Royce Holdings plc
Period End: 
31 December 2010
Report issued on 12 July 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Revaluation gain on previously held interest in a company acquired this year included in share of profit of joint ventures and associates.
Change
Deferred tax calculated in accordance with the reduced 27% UK corporate tax rate and impact of further tax reductions disclosed.
Change
Individual foreign countries disclosed in a geographical allocation of revenue.

Safran SA Period End 31 December 2009

Submitted by Company Reporting on Thu, 2010-07-08 12:35
Safran SA Annual Report 2009
Put option recognised as financial liability at lowest Level of fair value hierarchy
French engineering company Safran recognises as a financial liability a €125 million put option granted to the holders of a 19% minority interest, increasing total goodwill by 3.8% in a policy that will no longer be permitted under IFRS, and discloses that it is measured at Level 3 of the fair value hierarchy.