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This excerpt taken from the ELN 6-K filed Mar 30, 2007. Financial
Instruments
Our financial risk management objectives and policies and
exposure to market risk are outlined in Note 27 to these
Consolidated Financial Statements.
Elan Corporation, plc 2006 Annual
Report 53
Table of Contents
This excerpt taken from the ELN 6-K filed Mar 31, 2006. Financial Instruments
Our financial risk management objectives and policies and
exposure to market risk are outlined in Note 26 to these
Consolidated Financial Statements.
This excerpt taken from the ELN 6-K filed Apr 11, 2005. Financial instruments The adoption of IAS 32 and 39 (revised) will require all derivatives to be recognised on the balance sheet at fair value. Subsequent changes in fair values are either taken to equity, if the criteria for hedge accounting are met, or to income. Previously, our forward currency contracts and interest rate swap derivatives, which qualified as hedges in accordance with Irish GAAP, were recognised in the profit and loss account as an offset to the related income or expense. We do not currently expect to apply hedge accounting to our forward contracts under IFRS. Any derivatives embedded within the terms of contractual commitments that are not considered closely related to the underlying host contract will also be separately identified and fair valued. | EXCERPTS ON THIS PAGE:
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