PRVT » Topics » Cash Equivalents

These excerpts taken from the PRVT 10-K filed Apr 15, 2009.

Cash Equivalents

All highly liquid investments purchased with an original maturity of three months or less at the time of acquisition are considered to be cash equivalents.

Cash Equivalents

FACE="Times New Roman" SIZE="2">All highly liquid investments purchased with an original maturity of three months or less at the time of acquisition are considered to be cash equivalents.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Concentration of Credit Risk

SIZE="2">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. The Company does not require collateral on these financial
instruments.

Cash and cash equivalents are maintained principally with major financial institutions in Europe that have high credit
standings and the Company’s policy is to limit exposure to any one institution. Management attempts to limit credit risk on trade receivables mainly through establishment and monitoring of credit controls.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Basic and Diluted Earnings Per Share

SIZE="2">Basic and diluted earnings per share is calculated in accordance with Financial Accounting Standards Board Statement No. 128, “Earnings per Share” (Note 14).

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Fair Value of Financial Instruments.

SIZE="2">The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments. The estimates presented herein are not necessarily indicative of the amounts that the Company could realize
in a current market exchange.

Cash and cash equivalents: The carrying amount reported in the balance sheet for cash and cash equivalents
approximates its fair value.

Accounts receivable and accounts payable: The carrying amounts reported in the balance sheet for accounts
receivable and accounts payable approximate their fair values.

Long-and short-term debt: The carrying amounts of the Company’s
borrowings under its short-term credit arrangements approximate their fair value. The fair value of the Company’s long-term debt and leasing contracts are estimated to be equivalent to their carrying values as the rates of interest in these
contract represents rates available to the Company for similar types of arrangements.

These excerpts taken from the PRVT 10-K filed Mar 17, 2008.

Cash Equivalents

All highly liquid investments purchased with an original maturity of three months or less at the time of acquisition are considered to be cash equivalents.

 

F - 8


PRIVATE MEDIA GROUP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Cash Equivalents

All
highly liquid investments purchased with an original maturity of three months or less at the time of acquisition are considered to be cash equivalents.

 


F - 8









PRIVATE MEDIA GROUP, INC.

ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 


This excerpt taken from the PRVT 10-K filed Apr 2, 2007.

Cash Equivalents

All highly liquid investments purchased with an original maturity of three months or less at the time of acquisition are considered to be cash equivalents.

This excerpt taken from the PRVT 10-K filed Mar 31, 2006.

Cash Equivalents

All highly liquid investments purchased with an original maturity of three months or less at the time of acquisition are considered to be cash equivalents.

This excerpt taken from the PRVT 10-K filed Mar 31, 2005.

Cash Equivalents

 

All highly liquid investments purchased with an original maturity of three months or less at the time of acquisition are considered to be cash equivalents.

 

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