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This excerpt taken from the ELN 6-K filed Mar 31, 2008. Net
Charge on Debt Retirements
In December 2006, we issued an early redemption notice for the
Athena Notes. In January 2007, the remaining aggregate principal
amount of $613.2 million of the Athena Notes was redeemed
and the related $300.0 million of interest rate swaps were
cancelled. As a result, we incurred a net charge on debt
retirement of $19.2 million, which was recognised using the
effective interest method over the period from the issuance of
the redemption notice to the redemption date. Accordingly, we
recorded a net charge on the redemption of the Athena Notes of
$11.5 million in 2006 and an additional charge of
$7.7 million in 2007.
For additional information regarding indebtedness, please refer
to Note 21 to the Consolidated Financial Statements and to
“Debt Facilities” in this Financial Review.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. g Net
charge on debt retirements
In 2005, we incurred a net charge of $23.3 million
associated with the early conversion of $206.0 million in
aggregate principal amount of the 6.5% Convertible Notes.
Elan Corporation, plc 2006 Annual
Report 129
Table of Contents
The income/(loss) before tax has been arrived at after charging
the following items:
There was no income tax expense in 2006 or 2005.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Net
Charge on Debt Retirements
In June 2005, we incurred a net charge of $51.8 million
(2004: $Nil) associated with the early retirement of
$36.8 million of the Athena Notes due in 2008 and the early
conversion of $206.0 million in aggregate principal amount
of the 6.5% Convertible Notes due in 2008.
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