France Télécom (2010) CONSOLIDATED FINANCIAL STATEMENTS [extract] NOTE 2 Accounting policies [extract] 2.8 Revenues [extract] Separable components of bundled offers Numerous service offers on the Group” main markets include two components: an equipment component (e.g. a mobile handset) and a service component (e.g. a talk plan). For the sale of multiple products or services, the Group evaluates all deliverables in the arrangement to determine whether […]

Distinguishing restructuring costs from ongoing expenses On 15 November 2013, management announced its intention to close down its operation in the North of the country and relocate to a new site in the South, primarily to be closer to its key customers. Before the end of the reporting period (31 December 2013) the principal elements of the plan were agreed with employee representatives; a lease […]

Accounting for free minutes An operator enters into a service contract with a customer for a period of 12 months. Under the contract specifications, the customer is offered for the first 2 months 60 free minutes talktime per month and for the remaining 10 months of the contract the customer will pay a fixed fee of €30 per month for 60 minutes of communication per […]

AngloGold Ashanti Limited (2010) 1.3 Summary of significant accounting policies [extract] Environmental expenditure The group has long-term remediation obligations comprising decommissioning and restoration liabilities relating to its past operations which are based on the group’s environmental management plans, in compliance with the current environmental and regulatory requirements. Provisions for non-recurring remediation costs are made when there is a present obligation, it is probable that expense […]

Vivendi SA (2010) Notes to the Consolidated Financial Statements [extract] Note 1. Accounting Policies and Valuation Methods [extract] 1.3. Principles governing the preparation of the Consolidated Financial Statements [extract] 1.3.4. Revenues from operations and associated costs [extract] 1.3.4.3. SFR, Maroc Telecom Group and GVT [extract] Content sales Sales of services provided to customers managed by SFR and Maroc Telecom Group on behalf of content providers […]

Changes in decommissioning costs – related asset measured at cost An entity has a nuclear power plant and a related decommissioning liability. The nuclear power plant started operating on 1 January 2000. The plant has a useful life of 40 years. Its initial cost was $120,000; this included an amount for decommissioning costs of $10,000, which represented $70,400 in estimated cash flows payable in 40 […]

Fortum Corporation (2010) 1. Accounting Policies [extract] 1.25 Assets and liabilities related to decommissioning of nuclear power plants and the disposal of spent fuel [extract] Fortum owns Loviisa nuclear power plant in Finland. Fortum’s nuclear related provisions and the related part of the State Nuclear Waste Management Fund and the related nuclear provisions are both presented separately on the balance sheet. Fortum’s share in the […]

Syngenta AG (2011)> 2. Accounting policies [extract] Environmental provisions [extract] Provisions for remediation costs are made when there is a present obligation, it is probable that expenditures for remediation work will be required within ten years (or a longer period if specified by a legal obligation) and the cost can be estimated within a reasonable range of possible outcomes. The costs are based on currently […]

Commitments and contingencies [extract] Environmental Matters Syngenta has recorded provisions for environmental liabilities at some currently or formerly owned, leased and third party sites throughout the world. These provisions are estimates of amounts payable or expected to become payable and take into consideration the number of other potentially responsible parties (“PRP”) at each site and the identity and financial positions of such parties in light […]

BP p.l.c. (2010) 1 Significant accounting policies [extract] Environmental expenditures and liabilities Environmental expenditures that relate to current or future revenues are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations and do not contribute to current or future earnings are expensed. Liabilities for environmental costs are recognized when a clean-up is probable and the associated costs can […]