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NDAQ » Topics » Nasdaq Japan Impairment Loss

This excerpt taken from the NDAQ 10-K filed Mar 15, 2006.

Nasdaq Japan Impairment Loss

 

During the second quarter of 2002, we recognized an other-than-temporary impairment charge on our equity investment in Nasdaq Japan of $15.2 million. Nasdaq Japan entered into liquidation status in late November 2002 and was completely dissolved in May 2003.

 

During the second quarter of 2003, we reversed $5.0 million of the reserves related to Nasdaq Japan due to favorable contract negotiations and lower legal costs resulting from the complete liquidation of Nasdaq Japan.

 

This excerpt taken from the NDAQ 10-K filed Mar 14, 2005.

Nasdaq Japan Impairment Loss

 

During the second quarter of 2002, we recognized an other-than-temporary impairment charge on our equity investment in Nasdaq Japan of $15.2 million. Nasdaq Japan entered into liquidation status in late November 2002 and was completely dissolved in May 2003.

 

During the second quarter of 2003, we reversed $5.0 million of the reserves related to Nasdaq Japan due to favorable contract negotiations and lower legal costs resulting from the complete liquidation of Nasdaq Japan. See “Nasdaq Japan” of Note 3, “Significant Transactions,” to the consolidated financial statements for further discussion.

 

EXCERPTS ON THIS PAGE:

10-K
Mar 15, 2006
10-K
Mar 14, 2005

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