IFRS GlaxoSmithKline plc Footnote 2 Inventories are included in the financial statements at the lower of cost (including raw materials, direct labor, other direct costs, and related production overheads) and
net realizable value.
5 million pre-tax, is expected to be recognized to reflect anticipated
net realizable value.
7 million, we believe that this contract is a better indicator of the
net realizable value of the property," stated H.
The major difference was the strong opposition of Orchestra's management to using
net realizable value to value the company's subsidiaries.
The net decrease was offset by (i) a net increase in value of real estate assets under development of $1,747,042 which results primarily from changes in the
net realizable value estimates, including the shortening of the discount periods as a result of the passage of time and sales of condominium units and homes and (ii) operating income of approximately $1,272,765 which primarily represents interest income earned from cash and cash equivalents.
The amounts reported as assets should be amortized over the estimated benefit period based on the proportion of current-period revenue from the advertising to probable remaining future revenue, subject to a test of
net realizable values.
The SOP is fairly clear in its explanation; the appendix defines it as "the value attributed to the reconstituted entity, as well as the expected
net realizable value of those assets that will be disposed of before reconstitution occurs.
6 million for adjustments of pulp mill inventory to
net realizable value and accelerated depreciation on assets that were abandoned upon closure.
Audits off Banks, however, provided little guidance on determining
net realizable value and did not require the use of discounting for purposes of determining
net realizable value as the SOP and the other audit and accounting guides did.
Dollars) one-time charge against earnings in the third quarter for a number of non-recurring items including the write down of inventory from the 2005 crop to its
net realizable value.
The standard will not require the disclosure of writedowns to
net realizable value.
5 million pretax is expected to be recognized to reflect the anticipated
net realizable value of certain inventories.
