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This excerpt taken from the LUX 20-F filed Jun 25, 2009. Use of Estimates - The preparation of
financial statements in conformity with U.S. GAAP requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Significant judgment and estimates are required in
the determination of the valuation allowances against receivables, inventory
and deferred tax assets, calculation of pension and other long-term employee
benefit accruals, legal and other accruals for contingent liabilities and the
determination of impairment considerations for long-lived assets, among other
items. Actual results could differ from those estimates.
This excerpt taken from the LUX 6-K filed May 12, 2009. Use of estimates. The preparation of financial statements in
conformity with US GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported
56
ANNUAL REPORT 2008
amounts of revenues and expenses during the reporting period. Significant judgment and estimates are required in the determination of the valuation allowances against receivables, inventory and deferred tax assets, calculation of pension and other long-term employee benefit accruals, legal and other accruals for contingent liabilities and the determination of impairment considerations for long-lived assets, among other items. Actual results could differ from those estimates.
This excerpt taken from the LUX 20-F filed Jun 26, 2008. Use of Estimates - The preparation of financial statements in
conformity with U.S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Significant judgment and estimates are required in the determination of the
valuation allowances against receivables, inventory and deferred tax assets,
calculation of pension and other long-term employee benefit accruals, legal and
other accruals for contingent liabilities and the determination of impairment
considerations for long-lived assets, among other items. Actual results could
differ from those estimates.
This excerpt taken from the LUX 6-K filed Jun 4, 2008. Use
of estimates. The preparation of financial statements in
conformity with U.S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Significant judgment and estimates are required in the determination of the
valuation allowances against receivables, inventory and deferred tax assets,
calculation of pension and other long-term employee benefit accruals, legal and
other accruals for contingent liabilities and the determination of impairment
considerations for long-lived assets, among other items. Actual results could
differ from those estimates.
This excerpt taken from the LUX 20-F filed Jun 29, 2007. Use
of Estimates - The preparation of financial statements in
conformity with U.S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Significant judgment and estimates are required in the determination of the
valuation allowances against receivables, inventory and deferred tax assets,
calculation of pension and other long-term employee benefit accruals, legal and
other accruals for contingent liabilities and the determination of impairment
considerations for long-lived assets, among other items. Actual results could
differ from those estimates.
This excerpt taken from the LUX 6-K filed May 25, 2007. Use of
estimates - The preparation of financial statements in
conformity with U.S. GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Significant judgment and estimates are required in the determination of the
valuation allowances against receivables, inventory and deferred tax assets,
calculation of pension and other long-term employee benefit accruals, legal and
other accruals for contingent liabilities and the determination of impairment
considerations for long-lived assets, among other items. Actual results could
differ from those estimates.
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