Further, a number of actual or probable events, which were not known or anticipated at the time of the Proxy estimates or the company's shareholder meeting on September 21, 1999, resulted in an additional reduction in the potential
realizable value to $63.
The preferred valuation basis for assets should be net
realizable value because such values are readily observable in the market and understandable to users, avoid arbitrary cost allocations, are easily comparable and help with performance assessments.
These decreases were offset by (i) the net increase in value of real estate assets under development of $1,353,297 which results primarily from changes in the net realizable value estimates including the shortening of the discount period due to the passage of time and sales of condominium units and homes and (ii) operating income of $830,848 which primarily represents interest income earned from cash and cash equivalents.
Under the liquidation basis of accounting, assets are stated at their estimated net realizable value and liabilities are stated at their estimated settlement amounts, which estimates will be periodically reviewed and adjusted as appropriate.
7 million, ii) a decrease in the estimated net
realizable value of the Partnership's mortgage servicing rights of approximately $3.
Amortizing the amounts reported as assets over the estimated benefit period based on the proportion of current-period revenue from the advertising to probable remaining future revenue, subject to a net
realizable value test.
During 1993 the Company recorded write-downs of approximately $8,300,000 to adjust certain assets related to the November 1992 acquisition of CGTI to their net
realizable value.
During 1993, the company and its subsidiary bank systematically wrote real estate assets down to estimated
realizable values, shrank the asset size of the bank and reduced salary costs and other operating expenses.
will still have a diverse portfolio of independent businesses with good market positions and high
realizable values.
The transaction will be treated as a purchase for accounting purposes, which will permit NationsBank to bring MNC assets onto its books at
realizable values.
Following the sale of the Stratacom shares and the repayment of indebtedness, Prospect estimates that the net ultimate
realizable values of Wood River's other investments will exceed the $1.
The non-cash charge reflects certain estimates by the Company as to
realizable values of assets and costs resulting from the incident net of insurance proceeds.
