NVS » Topics » 33.12 Other differences

This excerpt taken from the NVS 6-K filed Feb 14, 2007.

33.11) Other differences

In 2006 there were other income statement differences associated with the Chiron acquisition which included the recognition of USD 58 million of liabilities under US GAAP previously considered as contingent liabilities under IFRS as well as USD 10 million representing fair value adjustments that were recorded in the revaluation reserve in equity under IFRS but which were considered a post-acquisition charge under US GAAP.

The other balance sheet differences of USD 61 million consist of the remaining separately recognized contingent liabilities recorded under IFRS as part of the Chiron acquisition.

This excerpt taken from the NVS 20-F filed Jan 31, 2007.

33.12   Other differences

        In 2006 there were other income statement differences associated with the Chiron acquisition which included the recognition of $58 million of liabilities under US GAAP previously considered as contingent liabilities under IFRS as well as $10 million representing fair value adjustments that were recorded in the revaluation reserve in equity under IFRS but which were considered a post-acquisition charge under US GAAP.

        The other balance sheet differences of $61 million consist of the remaining separately recognized contingent liabilities recorded under IFRS as part of the Chiron acquisition.

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EXCERPTS ON THIS PAGE:

6-K
Feb 14, 2007
20-F
Jan 31, 2007
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