Porsche

Joint Ventures - Porsche Automobil Holding SE

Period End: 
31 July 2010
Period End Date: 
2010-07-31
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
3353 Automobiles
Auditor: 
Ernst & Young

Accounting for Joint Ventures under IFRS

This report considers recent corporate reporting of joint ventures by a sample drawn from 24 large, listed European companies, supplemented by Company Reporting data and comment. All companies report under IFRS, following European Union requirements. We highlight the accounting methods employed by the companies in our sample. We also comment on company joint venture disclosure practice. 

Accounting for business combinations under IFRS

Focusing on a sample drawn from 24 large listed European companies that report under IFRS, supplemented by Company Reporting data and comment, this report analyses company disclosures in relation to assets acquired and liabilities assumed with particular attention paid to intangible assets. Secondly, it draws on the disclosures provided regarding the reasons why company goodwill arises. A further area of interest is the treatment of non-controlling interests.

Critical judgements and estimates under IFRS

This report focuses on a sample drawn from 24 large listed European companies and reviews the following: a) whether a company discloses key estimates and other significant judgements and the location of the disclosure is; b) whether disclosures of significant judgements other than those involving estimation and key sources of estimation uncertainty are both made; c) the length of the disclosures and d) the areas covered in terms of key sources of estimation uncertainty. 

Share-based payments under IFRS

This report focuses on a sample drawn from 24 large listed European companies and reviews to what extent a company discloses: how options granted during the period are fair valued, including the option pricing models and assumptions used; and the nature and extent of option schemes, as required by IFRS 2. It also includes a survey of the option pricing models used by companies.

Impairment tests under IFRS

This report focuses on a sample drawn from 24 large listed European companies and analyses impairment test disclosures with particular attention being paid to goodwill and other intangibles with indefinite useful lives. Firstly, it considers the allocation of assets to cash-generating units (CGUs). Secondly, it examines assumptions made such as cash flow projections, discount rates and growth rates. Finally, it considers the sensitivity of these assumptions to change.