A portion of the increase in license and research revenue resulted from the accelerated amortization
Mortgage prepayment penalty and accelerated amortization
of deferred financing costs
The improvement of Euro 587 million compared to Q2 2013 is mainly explained by a Euro (552) million impairment charge in Q2 2013, while higher level of operating income was partially offset by higher restructuring charges and the accelerated amortization
of issuance fees ahead of the secured loan repayment.
The following tables set forth information regarding Funds From Operations ("FFO") and the adjustments to FFO related to a provision for employee separation expense, accelerated amortization
of deferred financing costs and the loss on hedge ineffectiveness for the fourth quarter and full year 2012:
Non-GAAP Adjusted Net Income (excluding impact of accelerated amortization
of stock based compensation) was Rs.
The increase in the expense ratio was affected by the significant increase in new production and accelerated amortization
of deferred policy acquisition costs due to greater policy cancellations during the current refinance environment.
The handbook also confirms that the Service will accept accelerated amortization
methods, so long as the method is consistent with the rate at which the asset was projected to waste for valuation purposes.
3 million, and the second mortgage, increased to $300,000, was put on an accelerated amortization
schedule to enable a faster pay-down of principal and subsequent reduction in the total debt load on the co-op.
2 million of accelerated amortization
of deferred financing costs related to the amended and extended Revolving Facility; and
Amortization for 2006 includes accelerated amortization
expense related to changes in estimates and valuations.
AIG anticipates the repayment will trigger an accelerated amortization
of the prepaid commitment fee asset, resulting in an approximately $650 million pre-tax charge being taken by AIG.
We also present Funds From Operations, as adjusted, and Funds From Operations per diluted share and OP Unit, as adjusted, which are non-GAAP measures, for the three and nine months ended September 30, 2014 and 2013 to show the effect of acquisition costs, provision for employee separation expense, accelerated amortization
of deferred financing costs and gain and loss on hedge ineffectiveness, which had a significant effect on our results of operations, but are not, in our opinion, indicative of our operating performance.