Management compensation disclosures in disarray Portuguese motorway concession-holder Brisa – Auto Estradas de Portugal gives no explanation for restatements of its disclosures of directors’ pay and publishes mutually inconsistent figures for the current year in its annual report.
No information about whether an associate has been tested for impairment Dutch recruitment company Randstad does not indicate whether an associate carried at €16.3 million has been tested for impairment in the light of its fair value being €8.6 million below the carrying amount.
Credit note provision excluded from movements in impairment allowance account UK printing technology company Domino Printing Sciences restates its table of movements in impairment allowance account to exclude the effect of credit notes issued, whilst silently correcting a prior period error.
Statistical sampling approach to impairment test disclosures fall short of IFRS Finnish elevator and escalator company Kone discloses that its five largest cash-generating units (CGUs) contain 77% of its total goodwill, but does not disclose information about any individually significant CGU.
Use of management projections extended in impairment test UK conveyor belt manufacturer Fenner extends the use of management approved financial forecasts in impairment testing goodwill from one to three years, with no impairment recognised.
Fair value hierarchy of financial instruments disclosed and a parametric VaR used to manage market risks German engineering company Siemens discloses its use of a three-level hierarchy to fair value financial instruments and changes to implement variance-covariance Value at Risk methodology to manage its market risks.
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%.