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This excerpt taken from the PNC 10-K filed Feb 4, 2008. Investment Company Accounting – Deferred Application
PNC’s risk of loss in the tables above includes both the value of our equity investments and any unfunded commitments to the respective entities. This excerpt taken from the PNC 10-Q filed Nov 8, 2007. Investment Company Accounting – Deferred Application We also have subsidiaries that invest in and act as the investment manager for private equity funds organized as limited partnerships as part of our equity management activities. The funds invest in private equity investments to generate capital appreciation and profits. As permitted by FIN 46R, we have deferred applying the provisions of the interpretation for these entities pending adoption of FSP FIN 46(R)7, “Application of FASB Interpretation No. 46(R) to Investment Companies.” See Note 1 Accounting Policies. These entities are not consolidated into our financial statements as of September 30, 2007 or December 31, 2006. Information on these entities follows:
PNC’s risk of loss in the table above includes both the value of our equity investments and any unfunded commitments to the respective entities. The value of our investment in these entities is included in equity investments on our Consolidated Balance Sheet. This excerpt taken from the PNC 10-Q filed Aug 8, 2007. Investment Company Accounting – Deferred Application We also have subsidiaries that invest in and act as the investment manager for private equity funds organized as limited partnerships as part of our equity management activities. The funds invest in private equity investments to generate capital appreciation and profits. As permitted by FIN 46R, we have deferred applying the provisions of the interpretation for these entities pending adoption of FASB Staff Position No. (“FSP”) FIN 46(R)7, “Application of FASB
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Table of ContentsThis excerpt taken from the PNC 10-Q filed May 9, 2007. Investment Company Accounting - Deferred Application We also have subsidiaries that invest in and act as the investment manager for private equity funds organized as limited partnerships as part of our equity management activities. The funds invest in private equity investments to generate capital appreciation and profits. As permitted by FIN 46R, we have deferred applying the provisions of the interpretation for these entities pending further action by the FASB. These entities are not consolidated into our financial statements as of March 31, 2007 or December 31, 2006. Information on these entities follows:
PNC’s risk of loss in the table above includes both the value of our equity investments and any unfunded commitments to the respective entities. The value of our investment in these entities is included in equity investments on our Consolidated Balance Sheet. This excerpt taken from the PNC 10-K filed Mar 1, 2007. Investment Company Accounting – Deferred Application
PNC’s risk of loss in the tables above includes both the value of our equity investments and any unfunded commitments to the respective entities. This excerpt taken from the PNC 10-Q filed Nov 9, 2006. Investment Company Accounting – Deferred Application
PNC’s risk of loss in the tables above includes both the value of our equity investments and any unfunded commitments to the respective entities. This excerpt taken from the PNC 10-Q filed Aug 9, 2006. Investment Company Accounting – Deferred Application
PNC’s risk of loss in the tables above includes equity investments and unfunded commitments. This excerpt taken from the PNC 10-Q filed May 9, 2006. Investment Company Accounting – Deferred Application
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