5553 Broadcasting & Entertainment

Television Francaise 1 SA - TF1 Period End 31 December 2010

Submitted by Company Reporting on Wed, 2011-12-14 15:17
Television Francaise 1 SA - TF1 Annual Report 2010
CR Monitor Issue: 
2011/1204
Company covered: 
Television Francaise 1 SA - TF1
Period End: 
31 December 2010
Report issued on 14 December 2011 covered the following practice issues:
Change
Significant gains on remeasuring prior holdings on acquisitions.
Change
Equity accounting ended as call option ends significant influence.
Change
Transfers of businesses between segments follow changes of management intentions.
Divergence
Unexplained change to analysis of revenue.

ITV plc Period End 31 December 2010

Submitted by Company Reporting on Tue, 2011-05-10 07:15
ITV plc 2010
CR Monitor Issue: 
2011/0509
Company covered: 
ITV plc
Period End: 
31 December 2010
Report issued on 10 May 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Inconsistent
Reconciliation of reportable segment assets to consolidated total dropped.
Change
Notes to the accounts grouped to reduce complexity.
Change
Key Performance Indicators redefined in line with business transformation plan.
Inconsistent
Potential future deferred tax impact is undisclosed.

British Broadcasting Corporation Period End 31 March 2010

Submitted by Alisdair on Mon, 2011-02-28 08:03
British Broadcasting Corporation Annual Report 2010
UK broadcaster’s move to IFRS increases lease recognition
UK public service broadcaster the British Broadcasting Corporation (the BBC) adopts IFRS for its 2010 annual report, leading to a reclassification of some operating leases as finance leases with consequent £161 million decrease in closing equity.
Slimmed down early retirement obligations give rise to one-off gain
UK public service broadcaster the British Broadcasting Corporation (the BBC) reduces its pension scheme obligations to staff and recognises a consequent £334 million one-off past service gain in its income statement that represents 65.2% of the corporation’s surplus before taxation for the year.
Disclosure of off-balance sheet arrangements follows new Companies Act requirement
UK public service broadcaster the British Broadcasting Corporation (the BBC) interprets a Companies Act 2006 amendment incorporating European legislation to require disclosure of £3.4 billion fixed payments due under outsourcing and similar arrangements, but does not include variable payments.

British Sky Broadcasting Group plc Period End 30 June 2010

Submitted by SCowley on Thu, 2010-10-21 09:56
British Sky Broadcasting Group plc Annual Report 2010
Related party disclosures scattered through annual report
UK broadcaster British Sky Broadcasting discloses how it intends to manage a potential offer by its largest shareholder to buy out other shareholders but does not, and is not required by IFRS, to concentrate disclosure of all relevant facts within the related parties note.
Litigation settlement boosts profit by 37%
UK broadcaster British Sky Broadcasting discloses that settlement in the current year of litigation, for which it previously disclosed an unquantified contingent asset, increases pre-tax profit by £318 million, or 37%.

SES SA Period End 31 December 2009

Submitted by Company Reporting on Tue, 2010-06-01 08:50
SES SA Annual Report 2009
No explanation for reversal of change in hedging strategy
Luxembourg satellite broadcasting company SES reverses a prior year change in its hedging strategy and publishes a sensitivity analysis for changes in the US dollar exchange rate against the nominal amount of its net investment in the USA, but does not explain its reason for changing its hedging strategy.

Mediaset SpA Period End 31 December 2009

Submitted by Company Reporting on Thu, 2010-05-13 08:18
Mediaset SpA Annual Report 2009
Impairment assumption disclosures leap beyond the ‘reasonably possible’
Italian media company Mediaset discloses the changes to its principal impairment test assumptions required that reduce recoverable amount to the carrying value, indicating that changes between 11% and 489% in discount rate would have this effect.