2727 Diversified Industrials

Cookson Group plc Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-11-09 11:37
Cookson Group plc Annual Report 2010
CR Monitor Issue: 
2011/1104
Company covered: 
Cookson Group plc
Period End: 
31 December 2010
Report issued on 09 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
More detail given in segmental disclosures.
Restatement
Unexplained restatement of operating lease commitments.
Restatement
Unexplained restatement of research and development costs, which are now disclosed by segment.
Restatement
Error corrected in presentation of interest in joint venture assets.

Orkla ASA Period End 31 December 2010

Submitted by Company Reporting on Mon, 2011-10-03 15:17
Orkla ASA Annual Report 2010
CR Monitor Issue: 
2011/1001
Company covered: 
Orkla ASA
Period End: 
31 December 2010
Report issued on 04 October 2011 covered the following practice issues:
Change
Impairment of associate leads to loss for year as market value of associate treated as equivalent to impairment test result.
Change
Impairment assumptions disclosed for individual business units.
Change
Business presented as discontinued operation.
Change
Improved disaggregation of equity reserves.
Change
Significant impact foreseen from expected change to IFRS requirements on operating leases.
Restatement
Correction of misstated figures on share options.

Smiths Group plc Period End 31 July 2010

Submitted by Company Reporting on Fri, 2010-11-12 12:34
Smiths Group plc Annual Report 2010
Amounts drawn on standby letters of credit classified as contingent liability
UK technology company Smiths reclassifies as contingent liabilities £40.6 million supported by letters of credit utilised by its pension scheme, representing 28% of the current year total and tells us how a contingent liability is involved.
Another company restates key personnel remuneration
UK technology company Smiths increases comparative short-term remuneration of key management personnel by £1 million, or 16%, to £7.2 million, and tells us why it has restated the figure.

Smiths Group plc Period End 31 July 2009

Submitted by Company Reporting on Fri, 2009-11-06 00:00

Gaining at employees’ expense as Christmas bonus scheme cancelled
UK engineering group Smiths recognises in the income statement past service and curtailment gains, to which it owes 19.1% of its current year profit, following reductions in its employees’ pension and post-retirement healthcare entitlements in the US and USA.