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These excerpts taken from the ABII 10-K filed Mar 6, 2009. Fair Value of Financial Instruments Our financial instruments consist mainly of cash and cash equivalents, accounts receivable and accounts payable. Cash equivalents include investments with maturities of three months or less at the time of acquisition. At December 31, 2008 and 2007, the carrying amounts of items comprising current assets and current liabilities approximate fair value due to the short-term nature of these financial instruments. Fair Value of Financial Instruments maturities of three months or less at the time of acquisition. At December 31, 2008 and 2007, the carrying amounts of items comprising current assets and current liabilities approximate fair value due to the short-term nature of these financial instruments. These excerpts taken from the ABII 10-K filed Mar 31, 2008. Fair Value of Financial Instruments Our financial instruments consist mainly of cash and cash equivalents, accounts receivable and accounts payable. Cash equivalents include investments with maturities of three months or less at the time of acquisition. At December 31, 2007 and 2006, the carrying amounts of items comprising current assets and current liabilities approximate fair value due to the short-term nature of these financial instruments.
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Table of ContentsFair Value of Financial Instruments maturities of three months or less at the time of acquisition. At December 31, 2007 and 2006, the carrying amounts of items comprising current assets and current liabilities approximate fair value due to the short-term nature of these financial instruments.
72 Table of ContentsThis excerpt taken from the ABII 8-K filed Nov 8, 2007. Fair Value of Financial Instruments New Abraxis’ financial instruments consist mainly of cash and cash equivalents, accounts receivable, accounts payable and borrowings outstanding under its credit facility. Cash equivalents include investments with maturities of three months or less at the time of acquisition. At December 31, 2006 and 2005, the carrying amounts of all non-debt financial instruments comprising current assets and current liabilities approximate fair value due to the short-term nature of these financial instruments. The interest rates on borrowings under the bank credit facility are revised periodically to reflect market rate fluctuations; as such, the carrying amount of the bank credit facility also approximates fair value. New Abraxis does not use derivatives or other foreign currency or interest rate hedging instruments. | EXCERPTS ON THIS PAGE:
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