Intangible assets other than goodwill under IFRS

This report, based on an examination of the IFRS financial statements of 28 large listed European companies, analyses the disclosure of intangible assets other than goodwill. Included is an examination of companies’ intangible asset disclosures both on the face of the primary financial statements and in the notes. Areas considered include the disclosure of intangible assets separately from goodwill on the face of the statement of financial position, amortisation related disclosures and the presentation of a reconciliation of movements. In addition an examination of the significance of intangible assets relative to total assets is performed.

UniCredit Group SpA Period End 31 December 2008

UniCredit Group Annual Report 2008

€2.36 billion losses avoided by reclassifying financial assets
Italian bank UniCredit changes to measure some financial assets at amortised cost rather than at fair value, avoiding recognition of €2.36 billion losses but, by not providing details of the assets reclassified, falls short of IFRS.