ESMA warns companies to disclose DB assumptions in accounts

first_img“As the discount rate is usually considered a significant actuarial assumption, ESMA expects issuers to disclose any significant judgements that management has made in its determination in accordance with paragraph 122 of IAS 1 – Presentation of Financial Statements,” it said.“In addition, issuers should provide disaggregation information on plans and fair value of the plan assets when the level of risk of those plans is deemed to be different as required by paragraphs 138 and 142 of IAS 19.”The regulator further noted that the financial impact of IAS 19 revisions – which saw changes introduced that affected how companies could smooth expected returns of DB funds – should be disclosed in an additional statement.,WebsitesWe are not responsible for the content of external sitesLink to ESMA’s European Common Enforcement Priorities The European Securities and Markets Authority (ESMA) has warned financial regulators they must guarantee that companies publish the actuarial assumptions underlying their pension liabilities to ensure a consistent approach to reporting across the European Economic Area (EEA).Publishing the European Common Enforcement Priorities for 2013, ESMA chairman Steven Maijoor noted that a consistent approach was important to allow the accuracy on which investors relied.“Considering the focus on asset quality in the financial sector, listed financial institutions and their auditors should pay particular attention to properly measuring financial instruments and the accurate disclosure of related risks,” he added.The regulator said in its statement that it would like to remind issuers of the “importance of disclosing the significant actuarial assumptions” used to calculate the present value of any defined benefit (DB) obligations incurred by the company.last_img read more

Garage Sales for Oct. 17-19, 2014

first_imgby Tracy McCue, Sumner Newscow — The following are the garage sales that we have for Oct. 17-19, 2014. If you still need a garage sale advertised just use the comment section below. Good luck with bargain hunting! Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (3) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down alda · 304 weeks ago Inside Moving Sale (2nd phase) 711 South Washington Saturday, Oct. 18 … 9 am to 1 pm “More rooms cleared … more treasures” Crosley Range & Refrigerator (2 yrs old), Dishes, Cookware & Cast Iron Skillets, Standing Cabinets, Computer Desk, Vacuum, Collectibles (Dolls, TY, Liquor Decanters) DayBed, Kingsize Bed and Dresser, Dining Table with side drawers, Grandfather Clock reduced, too many items to mention. Report Reply 0 replies · active 304 weeks ago 0 Vote up Vote down Guest · 303 weeks ago Garage Sale 8-12 511 West 18th Saturday oct 18th -toddler girl clothes 2-3T, variety of Halloween costumes sizes infant to adult.(mom has some to sell), shoes, home decor, womens men clothes various sizes, games, toys, WII with two controllers, Kstate items, Twin long comforter and sheet set, lots to see Multi Family Garage Sale Report Reply 0 replies · active 303 weeks ago 0 Vote up Vote down Lucille · 303 weeks ago Reminder of the auction at the Wellington Senior Center on Monday at 6 pm. Items are added daily. Concessions available. See you there Report Reply 0 replies · active 303 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

British title for England teenager Sophie Lamb

first_img2 Sep 2016 British title for England teenager Sophie Lamb England’s Sophie Lamb won the British women’s stroke play championship by two shots at Knock Golf Club, Belfast, today – and, at one-under for 72 holes, was the only player in the field to beat par.It’s a first women’s title for the 18-year-old international from Clitheroe in Lancashire and she said: “It’s amazing, but it hasn’t really sunk in.”Lamb had her dad, Phil, on the bag as her caddie this week and added: “I couldn’t have done it without him.”But her mum, Carina, had to wait for the news that her daughter had won her first major championship – she was on a plane to Spain. “We’ll have to ring her when she lands!” added Lamb.The teenager moved steadily through the field after a first round of four-over 77, which left her six shots off the pace. “I struggled a bit off the tee and you can’t do that on this course,” she said.She came straight back with five-under 68 – six birdies and just one bogey – to put herself firmly in contention and two shots off the lead. Lamb played solid golf in this morning’s third round, returning one-under 72, but remained two shots behind the leader, 14-year-old Alessia Nobilio of Italy.In this afternoon’s fourth round Nobilio fell away while Lamb kept up her steady progress to the title, despite the challenge of Chloe Williams of Wales who closed with three-under 70 to finish runner-up, two shots back.“I had nine straight pars to start, then a bogey and a double, but I had some birdies coming in,” said Lamb, who signed off with one-over 74.“I was focussed on playing my own game and trying to give myself chances. I didn’t want to get sucked in to having to make a birdie here or there – and it was good!”Lamb has been challenging for a big win all season, having been leading qualifier in the English women’s match play championship, tied fourth in the English women’s amateur and sixth in the English stroke play. She also helped England win the Women’s Home Internationals last month.Her next big date is the World Junior Girls’ Championship in Canada later this month and she said: “This is really good for my confidence.”England’s Georgia Price (Bude & North Cornwall) tied third in the championship, following up on her second place in the English women’s strokeplay. Curtis Cup player Rochelle Morris (Woodsome Hall), English girls’ champion Cloe Frankish (Chart Hills) and international Inci Mehmet (Royal Mid Surrey) were in a group tied eighth.Caption: Sophie Lamb with her trophy (Image courtesy the LGU).last_img read more

City of Lacey’s Jeannette Sieler Honored with Inaugural USATF Milton Hershey…

first_imgFacebook154Tweet0Pin0 Submitted by The City of LaceyJeannette Sieler, Recreation Supervisor for Lacey Parks & Recreation, has been named as the first honoree of the USATF Milton Hershey Award. From left – Rafer Johnson, Jeannette Sieler, Jordanne Beasley and Carl LewisJeannette Sieler of Tacoma, Washington, has been named as the first honoree of the USATF Milton Hershey Award, USA Track & Field and The Hershey Company announced Thursday. Sieler will receive her award on Friday, July 3, at the USATF Hershey National Youth Outdoor Championships in Lisle, Illinois.Created by the partnership between USATF and Hershey, the Milton Hershey Award annually will honor an individual whose volunteer contributions to youth track & field and fitness has positively affected the lives of young people.“Our founder, Milton Hershey, started our company with a social purpose to support the development and well-being of young people,” said Bernie Banas, Vice President, Customer Innovation at The Hershey Company. “Jeannette Sieler embodies that same dedication, and it is an honor to present her with the first Milton Hershey Award.”Sieler first became involved with Hershey’s Track & Field Games (HTFG) 30 years ago as a local meet organizer while working for the Pierce County Parks & Recreation Department. In 1992, she was selected to be a chaperone for the HTFG North American Final and had a key role in at least a dozen state meets before serving as the Washington State Chairperson for the program. Over the years, she has worked with tens of thousands of children through Hershey track programs and chaperoned children at the North American Final 17 times.Sieler currently is Recreation Supervisor with Lacey Parks & Recreation, where she organizes the city’s special events and cultural classes. She continues to work each summer coordinating the Pierce County Park All Comers Track meets.“I am so honored to be the first recipient of the Milton Hershey Award,” Sieler said. “I have such a great respect for Milton Hershey and all he stood for, and I admire the Hershey Company’s efforts to provide an opportunity for kids to be active and make healthy choices for the past 38 years. Partnering with USATF, I look forward to having the opportunity to provide kids a chance to Run, Jump, and Throw, discovering their potential and having fun.”In 2014, Hershey ‘s Track & Field Games (HTFG) celebrated its final year as Hershey and USATF created RunJumpThrow (RJT), a youth activity program designed to get kids excited about physical movement. In the transition from a competition-based model to youth activity model, Sieler was a leader among HTFG volunteers in evolving the program, serving on an advisory committee that helped develop and hone RJT.Sieler herself has become a RunJumpThrow event organizer and also is the meet director for one of USATF’s 2015 Future Stars Elite Meets. The Future Stars Meets program helps support community-based track meets, sharing the philosophy that had driven Hershey’s competitive program.“Jeannette has been a tremendous resource to USATF and Hershey in developing RunJumpThrow,” USATF CEO Max Siegel said. “Her knowledge regarding the needs of children and the organizations serving them have helped lay the foundation for the program. Her enthusiastic adoption of USATF’s Future Stars Meets program further speaks to her dedication to this mission.”Visit RunJumpThrow online for more information.Visit Future Stars Meets online for more information.Visit USATF Hershey Youth National Outdoor Championships online for more information.last_img read more