SOHU » Topics » Minority Interests

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

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated statements of operations, resulting in minority interests of $51,000 and $47,000 for the years ended December 31, 2008 and 2007, respectively.

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date are included in our consolidated statements of operations, resulting in minority interests of $47,000 and $7,000 for the years ended December 31, 2007 and 2006, respectively.

Minority Interests

FACE="Times New Roman" SIZE="2">On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase
business combination and the results of operations from the acquisition date are included in our consolidated statements of operations, resulting in minority interests of $47,000 and $7,000 for the years ended December 31, 2007 and 2006,
respectively.

18. Minority Interests

Minority interests in the Consolidated Balance Sheets for the year ended December 31, 2008 consist primarily of an employee’s share interests in a subsidiary, which were granted through a share-based awards arrangement. See footnote 19 (c). The employee’s share interests are not reflected in minority interests in the Consolidated Statements of Operations, because the employee’s shares are not entitled to participate in any distributions by the subsidiary until the earlier of the subsidiary’s completion of an initial public offering or February 2012. Minority interests in the Consolidated Statements of Operations for the years ended December 31, 2008, 2007 and 2006 reflect the Company’s completion on October 31, 2006 of the acquisition of a 70% interest in 21 East Hong Kong and 21 East Beijing (collectively “21 East”), an entertainment company, the results of operations of which have been included in the Consolidated Statements of Operations from the acquisition date. The minority interests in 21 East are also reflected in the Consolidated Balance Sheets for the years ended December 31, 2008, 2007 and 2006.

 

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18. Minority Interests

STYLE="margin-top:6px;margin-bottom:0px">Minority interests in the Consolidated Balance Sheets for the year ended December 31, 2008 consist primarily of an employee’s share interests in a subsidiary,
which were granted through a share-based awards arrangement. See footnote 19 (c). The employee’s share interests are not reflected in minority interests in the Consolidated Statements of Operations, because the employee’s shares are not
entitled to participate in any distributions by the subsidiary until the earlier of the subsidiary’s completion of an initial public offering or February 2012. Minority interests in the Consolidated Statements of Operations for the years
ended December 31, 2008, 2007 and 2006 reflect the Company’s completion on October 31, 2006 of the acquisition of a 70% interest in 21 East Hong Kong and 21 East Beijing (collectively “21 East”), an entertainment company,
the results of operations of which have been included in the Consolidated Statements of Operations from the acquisition date. The minority interests in 21 East are also reflected in the Consolidated Balance Sheets for the years ended
December 31, 2008, 2007 and 2006.

 


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This excerpt taken from the SOHU 10-Q filed Nov 7, 2008.

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in a minority interest of $22,000 and $18,000 for the three and nine months ended September 30, 2008.

This excerpt taken from the SOHU 10-Q filed Aug 8, 2008.

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in a negative minority interest of $12,000 and $4,000 for the three and six months ended June 30, 2008.

This excerpt taken from the SOHU 10-Q filed May 9, 2008.

Minority Interests


On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in minority interests of $8,000 and $12,000 for the three months ended March 31, 2008 and 2007, respectively.


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

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition had been accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in minority interests of $7,000.

Minority Interests

SIZE="2">On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition had been accounted for as a purchase business
combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in minority interests of $7,000.

FACE="Times New Roman" SIZE="2">Net Income from Continuing Operations

For the year ended December 31, 2006, income from continuing operations
was $26.7 million, as compared to $31.1 million for the year ended December 31, 2005.

Loss from Discontinued E-commerce Operations


On June 20, 2006, we discontinued our e-commerce business. For the year ended December 31, 2006, loss from discontinued e-commerce operations was $841,000,
as compared to $1.3 million for the year ended December 31, 2005. As of the date we discontinued our e-commerce operations, we had performed a specific review on all the assets related to the e-commerce segment. We provided an additional
allowance for doubtful receivables amounting to $154,000 and allowance on all inventory balances amounting to $134,000 in June 2006 when we discontinued the e-commerce business. As the fixed assets previously used by the e-commerce operation could
generally be used by other segments, we did not dispose of significant fixed assets nor provide any impairment charge.

This excerpt taken from the SOHU 10-Q filed Nov 7, 2007.

Minority Interests


On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in minority interests of $12,000 and $42,000 for the three and nine months ended September 30, 2007, respectively.


This excerpt taken from the SOHU 10-Q filed Aug 6, 2007.

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in minority interests of $18,000 and $30,000 for the three and six months ended June 30, 2007, respectively.

This excerpt taken from the SOHU 10-Q filed May 8, 2007.

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition was accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in minority interests of $12,000 for the three months ended March 31, 2007.

 

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

Minority Interests

On October 31, 2006, we completed the acquisition of a 70% interest in 21 East HK and 21 East Beijing (collectively “21 East”), an entertainment company. The acquisition had been accounted for as a purchase business combination and the results of operations from the acquisition date have been included in our consolidated financial statements, resulting in minority interests of $7,000.

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