Fair value measurement information under IFRS

IFRS 13 “Fair value measurement” sets out a single consistent framework for measuring fair value within IFRS financial statements and outlines a standardised set of disclosures in respect of fair value measurements. IFRS 13 has been mandatory now for some years, with application being required for annual reporting periods beginning on or after 1 January 2013. This report sets out the results of how requirements of the standard have been put into practice, both in terms of measurement and disclosure, in the consolidated financial statements of 139 large public limited companies with year ends between 31 March 2016 and 1 April 2017. It is not an exhaustive study of all aspects of IFRS 13 application and its conclusions are limited to our findings in respect of the areas analysed within the financial statements reviewed.

Recoverable amount disclosures: An emerging issue under IFRS

This report focuses on disclosures related to the recoverable amount of non-current assets or cash generating units as a result of amendments made to IAS 36 “Impairment of assets” following implementation of IFRS 13 “Fair value measurement”. It primarily considers the quantified disclosure of the recoverable amount for non-current assets and cash generating units for which an impairment loss or reversal has been recognised in the current period and disclosures in relation to the method by which such a recoverable amount is determined.

Iberdrola SA Period End 31 December 2009

Iberdrola SA Annual Report 2009
Cash flow statement restated significantly without explanation
Spanish electricity producer Iberdrola restates its prior year comparative cash flow statement to significantly revise the nature of its cash flows but fails to provide an explanation of these restatements.