This excerpt taken from the ELN 6-K filed Apr 11, 2005.
Exceptional items are material events or transactions that individually or, if of a similar type, in aggregate, need to be disclosed by virtue of their size or incidence.
Exceptional items include gains and losses on the disposal of businesses, tangible and intangible assets impairments, purchase of royalty rights, severance and relocation costs, losses from litigation or regulatory actions, including shareholder class action litigation and the SEC investigation. These items have been treated consistently from period to period. We believe that the disclosure of exceptional items is meaningful because it provides additional information.
In 2004, we recognised net exceptional gains of $31.8 million. The exceptional items for 2004 primarily relate to completion of our recovery plan, gains and losses on the disposal of businesses, SEC investigation and shareholder class action lawsuit settlements, and insurance. Exceptional items were as follows: