This excerpt taken from the ELN 20-F filed Feb 28, 2008.
Non-current investment securities
Non-current investment securities at December 31, 2007 and 2006 are as follows (in millions):
The balance of non-current debt securities at December 31, 2007 includes the $6.7 million investment described above and a $6.3 million investment in auction rate securities.
Non-current equity investments are comprised of investments held in privately held biotech companies recorded at cost.
Elan Corporation, plc
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)