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This excerpt taken from the HEW 10-K filed Nov 16, 2007. Other Income (Expense), Net In fiscal 2006, we recognized a gain of $7 million in connection with a contribution of our German retirement and financial management business in exchange for an increased investment in a German actuarial business. This gain as well as higher interest income, due to increased operating cash flows, accounted for the majority of the year-over-year increase. This excerpt taken from the HEW 10-Q filed May 9, 2007. Other Income (expense), Net Other income (expense), net includes interest expense, interest income, equity earnings on unconsolidated investments and other non-operating gains or losses. Other income increased $4.1 million due to higher interest income derived from significantly higher average investment balances and rising interest rates yielding higher returns. This excerpt taken from the HEW 10-K filed Nov 17, 2006. 21. Other Income (Expense), Net Other income (expense), net consists of the following components:
During the year ended September 30, 2006, the Company recognized a gain of $7,127 in connection with the contribution of its retirement and financial management business within Germany in exchange for an increased investment in a German actuarial business (“investee”). The Company currently has a 28% non-controlling interest in the investee and accounts for its investment under the equity method of accounting. This excerpt taken from the HEW 10-Q filed Aug 14, 2006. Other Income (Expense), Net This year, we recognized a gain of $7 million in connection with a contribution of our German retirement and financial management business in exchange for an increased investment in a German actuarial business. This gain as well as higher interest income, due to increased operating cash flows, accounted for the majority of the year-over-year increase. This excerpt taken from the HEW 10-Q filed May 4, 2006. Other Income (Expense), Net This year, we recognized a gain of $7 million in connection with a contribution of our German retirement and financial management business in exchange for an increased investment in a German actuarial business. This gain as well as increased investment income accounted for the majority of the year-over-year increase in other income, net. This excerpt taken from the HEW 10-Q filed Feb 6, 2006. Other Income (Expense), Net
Other income (expense), net includes interest expense, interest income, equity earnings on unconsolidated investments and other non-operating gains or losses. During the current-year quarter, we recognized a gain of $6.8 million in connection with the contribution of our German retirement and financial management business in exchange for an increased investment in a German actuarial business.
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