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SOHU » Topics » (v) Comprehensive income

These excerpts taken from the SOHU 10-K filed Feb 26, 2009.

(v) Comprehensive income

Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of the unrealized gains on investments in marketable debt securities and the cumulative foreign currency translation adjustment.

(v) Comprehensive income

STYLE="margin-top:6px;margin-bottom:0px">Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting
from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of the unrealized gains on investments in marketable debt securities and the
cumulative foreign currency translation adjustment.

These excerpts taken from the SOHU 10-K filed Feb 28, 2008.

(v) Comprehensive income

Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of the unrealized gains on investments in marketable debt securities and the cumulative foreign currency translation adjustment.

(v) Comprehensive income

SIZE="2">Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated
other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of the unrealized gains on investments in marketable debt securities and the cumulative foreign currency translation adjustment.

STYLE="margin-top:18px;margin-bottom:0px">(w) Segment reporting

In accordance with its internal financial
reporting structure, the Company has determined that its business segments constitute its primary reporting segments. In previous years, the Company mainly had four reportable segments: brand advertising, sponsored search, wireless and others. In
2007, the Company adjusted its reportable segments and has reclassified results of its online game segment from its other operations and reported online game results as a separate segment. Accordingly, the Company reclassified the related revenue
and cost of revenue for previous years presented to conform with the revised classification.

The Company does not allocate any operating expenses or
assets to its brand advertising, sponsored search, online game, wireless and other segments as management does not use this information to measure the performance of the operating segments.

STYLE="margin-top:18px;margin-bottom:0px">(x) Recent accounting pronouncements

In September 2006, the
Financial Accounting Standards Board issued FASB Statement No. 157, Fair Value Measurements (or SFAS 157), which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles, and expands
disclosures about fair value measurements. SFAS 157 applies to other accounting pronouncements that require or permit fair value measurements. SFAS 157 is effective for fiscal years beginning after November 15, 2007. However, on February 12, 2008,
the FASB issued FSP FAS 157-2 which would delay the effective date of SFAS 157 for all nonfinancial assets and nonfinancial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at
least annually). This FSP partially defers the effective date of Statement 157 to fiscal years beginning after November 15, 2008, and interim periods within those fiscal years for items within the scope of this FSP. Effective for 2008, we will adopt
SFAS 157 except as it applies to those nonfinancial assets and nonfinancial liabilities as noted in FSP FAS 157-2. The Company is currently evaluating the potential impact on its financial statements, if any, upon adoption of this standard.

In December 2007, the Financial Accounting Standards Board issued FASB Statement No. 141 (Revised 2007), Business Combinations (“SFAS
141R”). SFAS 141R provides additional guidance on improving the relevance, representational faithfulness, and comparability of the financial information that a reporting entity provides in its financial reports about a business combination
and its effects. This Statement applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. The Company believes
there will be no material impact on its financial statements upon adoption of this standard.

In December 2007, the Financial Accounting Standards Board
issued FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51 (“SFAS 160”). SFAS 160 amends ARB No. 51 to establish accounting and reporting standards for
the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary. This Statement is effective for fiscal years and interim periods within those fiscal years, beginning on or after December 15, 2008. The Company
believes there will be no material impact on its financial statements upon adoption of this standard.

In December 2007, the Securities and Exchange
Commission (SEC) issued Staff Accounting Bulletin 110 (“SAB 110”). SAB 110 states that the staff will continue to accept, under certain circumstances, the use of the simplified method for estimating the expected term of “plain
vanilla” share options in accordance with SFAS 123(R) beyond December 31, 2007. The Company believes there will be no material impact on its financial statements upon adoption of this standard.

STYLE="margin-top:18px;margin-bottom:0px">(y) Reclassification

Prior to 2007, most of the costs and expenses
of the game department were related to product development and research. Accordingly, the Company recorded all such costs and expenses in product development expenses in the statements of operations. In 2007, in order to better present operating
results and enhance comparability with industry peers, the Company reclassified expenses in relation to game operations, mainly salary and benefits of game masters, from product development expense to cost of online game revenues. To conform with
current period presentations, the relevant amounts for prior periods have been reclassified accordingly. Such reclassification amounted to $1.3 million and $0.9 million for the year ended December 31, 2006 and 2005, respectively.

STYLE="margin-top:18px;margin-bottom:0px">3. Discontinuance of E-commerce Operation

The Company discontinued
its e-commerce platform of physical consumer goods on June 20, 2006, in order to focus on profitable segments. As a result of the disposal, the e-commerce business is accounted for as a discontinued operation. Accordingly, the Company’s
consolidated statements of operations separate the discontinued operation for all years presented. For the years ended December 31, 2007, 2006 and 2005, revenues from the e-commerce operation amounted to $92,000, $1.2 million and $3.8 million,
respectively. For the years ended December 31, 2007, 2006 and 2005, net loss from the e-commerce operation amounted to $20,000, $0.8 million and $1.3 million, respectively.

FACE="Times New Roman" SIZE="2">At the discontinuance of the e-commerce operation, the Company performed a specific review on all the assets related to the e-commerce segment, and provided full provisions for doubtful receivables and the entire
inventory balances. As the fixed assets previously used by the e-commerce operation could generally be used by other segments, the Company did not dispose of significant fixed assets nor provide impairment on the fixed assets.

STYLE="margin-top:0px;margin-bottom:0px"> 


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This excerpt taken from the SOHU 10-K filed Mar 8, 2007.

(u) Comprehensive income

Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of the unrealized gains on investments in marketable debt securities and the cumulative foreign currency translation adjustment.

This excerpt taken from the SOHU 10-K filed Feb 28, 2006.

(t) Comprehensive income

Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of the unrealized gains on investments in marketable debt securities and the cumulative foreign currency translation adjustment.

This excerpt taken from the SOHU 10-K filed Mar 25, 2005.

(t) Comprehensive income

 

Comprehensive income is defined as the change in equity of a company during a period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated other comprehensive income, as presented on the accompanying consolidated balance sheets, consists of the unrealized gains on investments in marketable debt securities and the cumulative foreign currency translation adjustment.

 

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Table of Contents

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 26, 2009
10-K (2 sections)
Feb 28, 2008
10-K
Mar 8, 2007
10-K
Feb 28, 2006
10-K
Mar 25, 2005

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