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This excerpt taken from the ELN 20-F filed Feb 26, 2009. Charge-backs
In the United States, we participate in charge-back programs
with a number of entities, principally the U.S. Department
of Defense, the U.S. Department of Veterans Affairs, Group
Purchasing Organizations and other parties whereby pricing on
products is extended below wholesalers’ list prices to
participating entities. These entities purchase products through
wholesalers at the lower negotiated price, and the wholesalers
charge the difference between these entities’ acquisition
cost and the lower negotiated price back to us. We account for
charge-backs by reducing accounts receivable in an amount equal
to our estimate of charge-back claims attributable to a sale. We
determine our estimate of the charge-backs primarily based on
historical experience on a
product-by-product
and program basis, and current contract prices under the
charge-back programs. We consider vendor payments, estimated
levels of inventory in the wholesale distribution channel, and
our claim processing time lag and adjust accounts receivable and
revenue periodically throughout each year to reflect actual and
future estimated experience.
Table of Contents
Elan
Corporation, plc
NOTES TO
THE CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Charge-backs
In the United States, we participate in charge-back programs
with a number of entities, principally the U.S. Department
of Defense, the U.S. Department of Veterans Affairs, Group
Purchasing Organizations and other parties whereby pricing on
products is extended below wholesalers’ list prices to
participating entities. These entities purchase products through
wholesalers at the lower negotiated price, and the wholesalers
charge the difference between these entities’ acquisition
cost and the lower negotiated price back to us. We account for
charge-backs by reducing accounts receivable in an amount equal
to our estimate of charge-back claims attributable to a sale. We
determine our estimate of the charge-backs primarily based on
historical experience on a
product-by-product
and program basis, and current contract prices under the
charge-back programs. We consider vendor payments, estimated
levels of inventory in the wholesale distribution channel, and
our claim processing time lag and adjust accounts receivable and
revenue periodically throughout each year to reflect actual and
future estimated experience.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Charge-backs
In the United States, we participate in charge-back programs
with a number of entities, principally the US Department of
Defense, the US Department of Veterans Affairs, Group Purchasing
Organizations and other parties
Table of Contents
Elan
Corporation, plc
NOTES TO
THE CONSOLIDATED
FINANCIAL STATEMENTS — (Continued)
whereby pricing on products is extended below wholesalers’
list prices to participating entities. These entities purchase
products through wholesalers at the lower negotiated price, and
the wholesalers charge the difference between these
entities’ acquisition cost and the lower negotiated price
back to us. We account for charge-backs by reducing accounts
receivable in an amount equal to our estimate of charge-back
claims attributable to a sale. We determine our estimate of the
charge-backs primarily based on historical experience on a
product-by-product
and program basis, and current contract prices under the
charge-back programs. We consider vendor payments, estimated
levels of inventory in the distribution channel, and our claim
processing time lag and adjust accounts receivable and revenue
periodically throughout each year to reflect actual and future
estimated experience.
This excerpt taken from the ELN 6-K filed Mar 31, 2006. (a) Charge-backs
In the United States, we participate in charge-back programmes
with a number of entities, principally the U.S. Department
of Defense, the U.S. Department of Veterans Affairs, Group
Purchasing Organisations and other parties whereby pricing on
products
38 Elan Corporation, plc 2005 Annual Report
Table of Contents
This excerpt taken from the ELN 20-F filed Mar 30, 2006. Charge-backs
In the United States, we participate in charge-back programs
with a number of entities, principally the U.S. Department
of Defense, the U.S. Department of Veterans Affairs, Group
Purchasing Organizations and other parties whereby pricing on
products is extended below wholesalers’ list prices to
participating entities. These entities purchase products through
wholesalers at the lower negotiated price, and the wholesalers
charge the difference between these entities’ acquisition
cost and the lower negotiated price back to us. We account for
charge-backs by reducing accounts receivable in an amount equal
to our estimate of charge-back claims attributable to a sale. We
determine our estimate of the charge-backs primarily based on
historical experience on a
product-by-product
and program basis, and current contract prices under the
charge-back programs. We consider vendor payments, estimated
levels of inventory in the distribution channel, and our claim
processing time lag and adjust accounts receivable and revenue
periodically throughout each year to reflect actual and future
estimated experience.
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