IAS 27 (revised) 'Consolidated and separate financial statements'

EI Group plc Monitor

EI Group Annual Report 2017
CR Monitor Issue: 
Company covered: 
EI Group Monitor
Period End: 
30 September 2017
Report issued on 13 April 2018 covered the following practice issues:
Investment properties identified as a class of assets separate from property plant and equipment.
Extended disclosure in respect of the future impact of new standards.
Presentation of quantified segment breakdown as a result of operating segments meeting IFRS 8 thresholds.
Change in income statement format to remove separate exceptional items column.

SGS SA Period End 31 December 2010

SGS SA Annual Report 2010
Perfunctory disclosures on components of new goodwill
Swiss measurement services provider SGS echoes the language of IFRS 3 “Business combinations” and makes only perfunctory disclosures on CHF149 million goodwill arising on an acquisition, though this represents 10.2% of closing equity.

Bayer AG Period End 31 December 2010

Bayer AG Annual Report 2010
Improved elimination of intra-group transactions reduces equity
German chemical company Bayer reduces opening equity by €77 million, following implementation of an improved system for eliminating intra-group transfers of inventory and describes the change as applied retrospectively in the current year.

Euromoney Institutional Investor plc Period End 30 September 2010

Euromoney Institutional Investor Annual Report 2010
High currency sensitivity results from derivatives forward contracts with high nominal value
UK financial publisher Euromoney Institutional Investor reduces the comparative amounts of monetary assets and liabilities denominated in US dollars and increases the comparative effect on equity of a 10% change in the US dollar against sterling to almost half of the net monetary assets, but only inquiry to the company elicits an explanation.

Sodexo SA Period End 31 August 2010

Sodexo SA Annual Report 2010
Divergence of practice emerges on classification of cash
In a classification that varies from other companies, French catering provider Sodexo classifies almost €1.5 billion cash and cash equivalents carried at fair value through profit or loss at Level 2 of the fair valuation hierarchy of IFRS 7 “Financial instruments: disclosures”, indicating that they are valued using observable data other than quoted prices, though the company declines to tell us the observable data used.

Cable & Wireless Communications plc Period End 31 March 2010

Cable & Wireless Communications plc Annual Report 2010
Restatement of comparatives following reverse acquisition conflicts with IFRS
UK telecoms company Cable & Wireless Communications restates its prior year comparative share capital and share premium following a restructuring by means of a reverse acquisition.

Discontinued operation contributes 41% of profit
UK telecoms company Cable & Wireless Communications reports $180 million profit from a discontinued operation, which represents some 41% of profit for the year.

Safran SA Period End 31 December 2009

Safran SA Annual Report 2009
Put option recognised as financial liability at lowest Level of fair value hierarchy
French engineering company Safran recognises as a financial liability a €125 million put option granted to the holders of a 19% minority interest, increasing total goodwill by 3.8% in a policy that will no longer be permitted under IFRS, and discloses that it is measured at Level 3 of the fair value hierarchy.