Reserve accounting

M.P. Evans Group plc Monitor

M.P. Evans Group plc Annual Report 2014
CR Monitor Issue: 
2015/0610
Company covered: 
M.P. Evans Group plc
Period End: 
31 December, 2014
Report issued on 29 June 2015 covered the following practice issues:
Change
Revaluation reserve transferred to retained earnings in respect of former property disposal.
Pronouncements
Bearer plants Amendment expected to have material effect on financial statements.
Change
Additional information on impairment disclosed in management commentary.
Change
Introduction of net debt reconciliation.
Change
Guidance of non-mandatory Corporate governance code applied.

Abcam plc Monitor

Abcam plc Annual Report 2014
CR Monitor Issue: 
2014/1109
Company covered: 
Abcam plc
Period End: 
30 June 2014
Report issued on 18 November 2014 covered the following practice issues:
Inconsistent
Tax on share-based payments restated from other comprehensive income to equity, highlighting prior year non-compliance.
Restatement
Classification of decrease in term deposit reduces investing activity cash outflow by 16.4%, as term deposit restated as partly non-current.
Pronouncements
Available for sale financial asset classed at Level 3 of fair valuation hierarchy.
Restatement
Merger reserve split from share premium account in respect of shares issued as consideration for business combination.
Change
Strategic report published.

Supergroup plc Monitor

Supergroup plc Annual Report 2012
CR Monitor Issue: 
2012/1116
Company covered: 
Supergroup plc
Period End: 
29 April 2012
Report issued on 22 November 2012 covered the following practice issues:
Change
Impairment sensitivity disclosures exceed reasonably possible changes.
Change
Income statement moves to three-column format.
Change
Merger reserve adjustment attributed to impairment of subsidiaries.
Change
Favorable communication from UK tax authorities disclosed.

Big Yellow Group plc

Big Yellow Group plc Annual Report 2012
CR Monitor Issue: 
2012/1006
Company covered: 
Big Yellow Group PLC
Period End: 
31 March 2012
Report issued on 17 October 2012 covered the following practice issues:
Change
Effect of proposed introduction of VAT on self-storage rentals on property valuations disclosed.
Change
Potential VAT reimbursement not recognised.
Change
Other distributable reserves subsumed under retained earnings.
Change
Financial input added to sustainability disclosures.
Change
New Code adopted for corporate governance.
Restatement
Share options granted restated.

Reckitt Benckiser Group plc

Reckitt Benckiser Group plc Annual Report 2010
CR Monitor Issue: 
2012/0202
Company covered: 
Reckitt Benckiser Group plc
Period End: 
31 December 2010
Report issued on 02 February 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Reason for business combination disclosed in terms of increased sector presence.
Change
Goodwill included with brands in table of indefinite life assets by cash-generating unit.
Restatement
Comparative trade receivables past due but not impaired reduced without explanation.
Change
Share premium account included in reserves following share issue.

UBM plc Period End 31 December 2010

UBM plc Annual Report 2010
CR Monitor Issue: 
2011/1111
Company covered: 
UBM plc
Period End: 
31 December 2010
Report issued on 25 November 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Former operating segment split into two as geographical divisions evolve.
Change
Irrelevant disclosure removed from other reserves note.
Restatement
Directors' remuneration report restated for medical cover and cash payment in lieu of pension.
Change
More detail given on factors giving rise to goodwill on acquisitions.
Restatement
Financial liabilities restated from current to non-current without explanation.

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.

GDF SUEZ SA Period End 31 December 2010

GDF SUEZ SA Annual Report 2010
CR Monitor Issue: 
2011/0905
Company covered: 
GDF SUEZ SA
Period End: 
31 December 2010
Report issued on 13 September 2011 covered the following practice issues:
Change
Changes to obligations arising from pension reform accounted for as an actuarial loss.
Change
Assets including reimbursement rights and tax receivables no longer included in the loans and receivables category.
Restatement
Derivatives used to hedge commodities now included in fair value hierarchy disclosure.
Change
Pension actuarial gains and losses now recognised in "consolidated reserves" rather than a separate reserve.
Change
Items of other comprehensive income allocated to owners of the parent and non-controlling interests.
Change
Cash flows from changes in ownership interests in subsidiaries classified as financing activities.

SSAB AB Period End 31 December 2010

SSAB AB Annual Report 2010
CR Monitor Issue: 
2011/0809
Company covered: 
SSAB AB
Period End: 
31 December 2010
Report issued on 12 August 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Directors' variable remuneration payments recognised on cash basis.
Inconsistent
Share of associate amounts disclosed rather than total.
Change
Reportable segments based on geographical locations rather than operational activity.
Change
Auditors' fees analysed by nature of service.
Restatement
Opening balance of reserves restated in correction of error.

ASML Holding NV Period End 31 December 2010

ASML Holding NV Annual Report 2010
Undue reliance on US GAAP’s concept of control widens scope of consolidation
Dutch semiconductor manufacturer ASML consolidates a special purpose entity (SPE) that it controls, following changes to US GAAP which it uses to interpret the concept of control in SIC 12 “Consolidation – special purpose entities”, although there is relevant guidance in SIC 12.

Cash measured at fair value is reclassified to the highest category
Dutch semiconductor manufacturer ASML reclassifies money market funds to Level 1 from Level 2 of the fair value hierarchy of IFRS 7 “Financial instruments: disclosures”, but discloses elsewhere that it classifies them as loans and receivables.