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R » Topics » Basis of Consolidation

These excerpts taken from the R 10-K filed Feb 12, 2008.
Basis of Consolidation
 
The consolidated financial statements include the accounts of Ryder System, Inc. (Ryder) and all entities in which Ryder has a controlling voting interest (“subsidiaries”) and variable interest entities (“VIEs”) where Ryder is determined to be the primary beneficiary. Ryder is deemed to be the primary beneficiary if we bear a majority of the risk to the entities’ potential losses or stand to gain from a majority of the entities’ expected returns. All significant intercompany accounts and transactions between consolidated companies have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current period presentation.
 
Basis of
Consolidation


 



The consolidated financial statements include the accounts of
Ryder System, Inc. (Ryder) and all entities in which Ryder has a
controlling voting interest (“subsidiaries”) and
variable interest entities (“VIEs”) where Ryder is
determined to be the primary beneficiary. Ryder is deemed to be
the primary beneficiary if we bear a majority of the risk to the
entities’ potential losses or stand to gain from a majority
of the entities’ expected returns. All significant
intercompany accounts and transactions between consolidated
companies have been eliminated in consolidation. Certain prior
year amounts have been reclassified to conform to the current
period presentation.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 12, 2008

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