ESMA Publishes 22nd Extract of its Enforcement Database
25 April 2018
The European and Securities and Markets Authority (ESMA has published its 22nd Extract from the European Enforcers Coordination Sessions’ (EECS’s) enforcement database.
The enforcement decisions covered issues on the following topics and cover decisions taken by national enforcers in the period from August 2017 to July 2017.
Standard
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Topic
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IFRS 5 Non-current Assets Classified as Held for Sale and Discontinued Operations
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Classification of an asset that is not expected to be sold within one year
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IAS 7 Statement of cash flows
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Presentation and disclosure of restricted cash balances
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IAS 32 Financial Instruments: Presentation
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Perpetual notes classified as liabilities
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IAS 1 Presentation of financial statements & IAS 36 Impairment of Assets
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Disclosure of quantitative commodity price assumptions that have significant risk of resulting in material adjustments to carrying amounts
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IFRS 3 Business Combinations, IFRS 13 Fair Value Measurement & IAS 38 Intangible Assets
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Purchase price allocation of a group of acquired assets
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IFRIC 17 Distribution of Non-cash Assets to Owners
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Demerger and distribution of a segment to the issuer’s shareholders
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IAS 1 Presentation of Financial Statements
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Presentation of revaluation losses of assets used in operating activities
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IFRS 10 Consolidated Financial Statements
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Obtaining power over an investee following a tender offer
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IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, IAS 21 The Effects of Changes in Foreign Exchange Rates & IAS 29 Financial Reporting in Hyperinflationary Economies
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Lack of foreign currency exchangeability and hyperinflation
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IAS 38 Intangible Assets
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Amortisation of content rights for films and television programmes
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ESMAs report provides further detail on of each enforcement decision and is available from its web site here