1 billion last year, about 11 percent lower yearonyear due to its higher extraordinary gains
in the previous year.
30 because its extraordinary gains
dived by more than 12 billion yen from a year earlier.
According to the Wyatt Company, the organization doing the survey, two implementation strategies are already emerging: combining extraordinary gains
with early recognition to smooth the impact on earnings, and redefining the benefit promise before adopting the new accounting standard.
5) To allow relief for economic loss, loss disallowance does not apply to stock of a subsidiary to the extent the loss exceeds a share's allocable part of the sum of (1) the aggregate earnings and profits resulting in positive investment adjustments and distributions from current earnings and profits (determined without regard to extraordinary gain
dispositions described below) for all consolidated return years, (2) earnings and profits from certain extraordinary gains
after November 18, 1990, net of directly related expenses, for all consolidated return years, and (3) the amount of duplicated loss (Prop.
FFO is calculated by the Company as net income or loss computed in accordance with GAAP, adjusted for gains or losses on sales of previously depreciated operating communities, extraordinary gains
or losses (as defined by GAAP), cumulative effect of a change in accounting principle and depreciation of real estate assets, including adjustments for unconsolidated partnerships and joint ventures.
Hence, extraordinary gains
should be automatically taken into account as part of aggregate positive investment adjustments, with aggregate adjustments being net of all losses (including extraordinary losses).
Hitachi plans to post extraordinary gains
on the sale of subsidiary and affiliated company shares, and the sale of investments in securities and the sale of real property as a part of effective asset management.
The proceeds from the sale will be applied towards debt reduction and the extraordinary gains
from this transaction will be reflected in net income.
Clair Hospital shows that it is possible to achieve extraordinary gains
in the most clinically intensive area of a hospital by focusing people, process and technology on the entire perioperative process.
This fund will invest in stocks or bonds only when they appear to offer extraordinary gains
-- and if they don't, it will remain in cash equivalents," said Chris Claus, president and chief executive officer of USAA Investment Management Company.
Reflecting the impairment charges and extraordinary gains
, the Company's net loss for the first quarter 2002 was $(665.
The decrease is due mainly to the difference of extraordinary gains
in 2000 and the increase in Research & Development in 2001.