Orkla

Orkla ASA Monitor

Orkla ASA Annual Report 2017
CR Monitor Issue: 
2018/0521
Company covered: 
Orkla ASA
Period End: 
31 December, 2017
Report issued on 25 May 2018 covered the following practice issues:
Change
Results of discontinued operations highlighted in a separate line item on the face of the income statement.
Pronouncements
Disclosure of changes in liabilities arising from financing activities in line with amendment to IAS 7 "Statement of cash flows".

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.

Disclosure of the impacts of IFRS 16 "Leases"

IFRS 16 “Leases” will fundamentally change accounting by lessees as it requires assets previously off balance sheet under operating lease arrangements to be brought on balance sheet as is currently the case for finance leased assets. As a result on application companies will recognise both additional assets and additional liabilities. Consequently there will also be knock on effects in the income statement as operating lease charges are replaced by a depreciation charge and a finance expense. This report analyses the financial statements of a range of companies to firstly establish whether there has been any early adoption and secondly to establish what companies are disclosing in respect of IFRS 16 and its future impacts.

Orkla ASA Monitor

Orkla ASA Annual Report 2015
CR Monitor Issue: 
2016/0808
Company covered: 
Orkla ASA
Period End: 
31 December, 2015
Report issued on 23 August 2016 covered the following practice issues:
Pronouncements
Quantified disclosure of probable impact of impending leases standard.
Change
Presentation of accounting policy in relevant note to the accounts.
Change
Change in presentation of the income statement to show interest amounts separately

Orkla ASA Monitor

Orkla ASA Annual Report 2014
CR Monitor Issue: 
2015/0905
Company covered: 
Orkla ASA
Period End: 
31 December, 2014
Report issued on 10 September 2015 covered the following practice issues:
Pronouncements
Unquantified disclosures on new financial instruments Standard.

Impairment tests - Orkla ASA

Period End: 
31 December 2010
Period End Date: 
2010-12-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
2727 Diversified Industrials
Auditor: 
Ernst & Young

Orkla ASA Period End 31 December 2010

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.

Gains And Losses Linked To Associated Undertakings, an emerging issue under IFRS

This report examines where in the income statement gains and losses linked to an associate, that are separate from the share of profit or loss of the associate, are presented.