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  • ESMA Publishes 22nd Extract of its Enforcement Database

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

Topic

IFRS 5 Non-current Assets Classified as Held for Sale and Discontinued Operations

Classification of an asset that is not expected to be sold within one year

IAS 7 Statement of cash flows

Presentation and disclosure of restricted cash balances

IAS 32 Financial Instruments: Presentation

Perpetual notes classified as liabilities

IAS 1 Presentation of financial statements & IAS 36 Impairment of Assets

Disclosure of quantitative commodity price assumptions that have significant risk of resulting in material adjustments to carrying amounts

IFRS 3 Business Combinations, IFRS 13 Fair Value Measurement & IAS 38 Intangible Assets

Purchase price allocation of a group of acquired assets

IFRIC 17 Distribution of Non-cash Assets to Owners

Demerger and distribution of a segment to the issuer’s shareholders

IAS 1 Presentation of Financial Statements

Presentation of revaluation losses of assets used in operating activities

IFRS 10 Consolidated Financial Statements

Obtaining power over an investee following a tender offer

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

Lack of foreign currency exchangeability and hyperinflation

IAS 38 Intangible Assets

Amortisation of content rights for films and television programmes

ESMAs report provides further detail on of each enforcement decision and is available from its web site here