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These excerpts taken from the NDAQ 10-K filed Feb 27, 2009. Calculation of Gain on Transfer of Asset
As noted above, the fair value of the license related to the Nasdaq trade name was approximately $39 million and had a zero carrying value on Nasdaq’s books and records prior to the transfer. The contribution of the Nasdaq trade name is considered an exchange of monetary assets in accordance with EITF 01-02 “Interpretations of APB Opinion No. 29”, therefore we determined that a gain should be recognized for the difference between Nasdaq’s carrying value and the fair value of this contributed asset. This gain is reduced by the portion of economic interest retained since we will have a 33 1/3% equity investment in NASDAQ Dubai.
The pre-tax gain was calculated as follows:
F-39
Table of ContentsThe NASDAQ OMX Group, Inc.
Notes to Consolidated Financial Statements—(Continued)
The after-tax gain was calculated as follows:
Calculation of Gain on Transfer of Asset
As noted above,
The pre-tax gain was
F-39 Table of ContentsThe NASDAQ OMX Group, Inc. Notes to Consolidated Financial Statements—(Continued) The after-tax gain was calculated as follows:
This excerpt taken from the NDAQ 10-Q filed Nov 7, 2008. Calculation of Gain on Transfer of Asset As noted above, the fair value of the license related to the Nasdaq trade name was approximately $39 million and had a zero carrying value on Nasdaq’s books and records prior to the transfer. The contribution of the Nasdaq trade name is considered an exchange of monetary assets in accordance with EITF 01-02 “Interpretations of APB Opinion No. 29”, therefore we determined that a gain should be recognized for the difference between Nasdaq’s carrying value and the fair value of this contributed asset. This gain is reduced by the portion of economic interest retained since we will have a 33 1/3% equity investment in DIFX. The pre-tax gain was calculated as follows:
The after-tax gain was calculated as follows:
This excerpt taken from the NDAQ 10-Q filed Aug 8, 2008. Calculation of Gain on Transfer of Asset As noted above, the fair value of the license related to the Nasdaq trade name was approximately $39 million and had a zero carrying value on Nasdaq’s books and records prior to the transfer. The contribution of the Nasdaq trade name is considered an exchange of monetary assets in accordance with EITF 01-02 “Interpretations of APB Opinion No. 29”, therefore we determined that a gain should be recognized for the difference between Nasdaq’s carrying value and the fair value of this contributed asset. This gain is reduced by the portion of economic interest retained since we will have a 33 1/3% equity investment in DIFX. The pre-tax gain was calculated as follows:
The after-tax gain was calculated as follows:
This excerpt taken from the NDAQ 8-K filed Aug 1, 2008. Calculation of Gain on Transfer of Asset As noted above, the fair value of the license related to the Nasdaq trade name was approximately $39 million and had a zero carrying value on Nasdaq’s books and records prior to the transfer. The contribution of the Nasdaq trade name is considered an exchange of monetary assets in accordance with EITF 01-02 “Interpretations of APB Opinion No. 29”, therefore we determined that a gain should be recognized for the difference between Nasdaq’s carrying value and the fair value of this contributed asset. This gain is reduced by the portion of economic interest retained since we will have a 33 1/3% equity investment in DIFX, resulting in a gain of $26.0 million (15.7 million after-tax) The pre-tax gain was calculated as follows:
12
The after-tax gain was calculated as follows:
This excerpt taken from the NDAQ 10-Q filed May 9, 2008. Calculation of Gain on Transfer of Asset As noted above, the fair value of the license related to the Nasdaq trade name was approximately $39 million and had a zero carrying value on Nasdaq’s books and records prior to the transfer. The contribution of the Nasdaq trade name is considered an exchange of monetary assets in accordance with EITF 01-02 “Interpretations of APB Opinion No. 29”, therefore we determined that a gain should be recognized for the difference between Nasdaq’s carrying value and the fair value of this contributed asset. This gain is reduced by the portion of economic interest retained since we will have a 33 1/3% equity investment in DIFX. The pre-tax gain was calculated as follows:
The after-tax gain was calculated as follows:
22
Table of ContentsThis excerpt taken from the NDAQ 8-K filed May 2, 2008. Calculation of Gain on Transfer of Asset As noted above, the fair value of the license related to the Nasdaq trade name was approximately $39 million and had a zero carrying value on Nasdaq’s books and records prior to the transfer. The contribution of the Nasdaq trade name is considered an exchange of monetary assets in accordance with EITF 01-02 “Interpretations of APB Opinion No. 29”, therefore we determined that a gain should be recognized for the difference between Nasdaq’s carrying value and the fair value of this contributed asset. This gain is reduced by the portion of economic interest retained since we will have a 33 1/3% equity investment in DIFX. The pre-tax gain was calculated as follows:
The after-tax gain was calculated as follows:
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