5500 Media

Daily Mail and General Trust plc Period End 4 October 2009

Transfer between reserves lacks clarity and enquiry reveals an error in previous disclosures
UK media company Daily Mail and General Trust discloses that a current year transfer between reserves relating to an unrealised gain should have been made last year but this conflicts with previous disclosures showing that the gain had already been transferred and is explained as an error in those disclosures.

Euromoney Institutional Investor plc Period End 30 September 2009

Euromoney Institutional Investor plc Annual Report 2009

Severe” changes in assumptions used in testing goodwill for impairment
UK publisher Euromoney Institutional Investor indicates impairment would result from “severe” changes in the assumptions used in goodwill impairment test, although IFRS requires disclosure only of reasonably possible changes that would eliminate headroom.

British Sky Broadcasting Group plc Period End 30 June 2009

Impairments against an investment not reversed on the subsequent recovery of its value

UK broadcasting company British Sky Broadcasting (BSkyB) does not reverse the £191 million impairments recognised against an equity instrument classified as available for sale on the subsequent partial recovery in its value that follows IFRS.