This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.
Managements discussion and analysis of financial condition and results of operations of OMX
The following discussion and analysis should be read in conjunction with OMXs audited consolidated financial statements as of and for the years ended December 31, 2006, 2005 and 2004 and with OMXs unaudited interim condensed consolidated financial statements as of and for the nine-month periods ended September 30, 2007 and 2006 included herein. OMXs consolidated financial statements have been prepared in accordance with IFRS as adopted by the European Union. IFRS differ in certain material respects from U.S. GAAP. For a discussion of certain material differences between IFRS and U.S. GAAP, see Summary of material differences between IFRS and U.S. GAAP below and the related notes in OMXs consolidated financial statements.
The following description of the financial development of OMX is based on continuing operations.