SOHU » Topics » Other Income / (Expense)

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

Other Income (Expense)

For the year ended December 31, 2008, other expense of $535,000 consisted of charitable donations of $573,000 made for the Sichuan Earthquake in May 2008, offset by $38,000 miscellaneous income. For the year ended December 31, 2007, other income of $887,000 consisted of $561,000 gain from disposal of interest in an associate, $503,000 of certain tax refund and $71,000 miscellaneous income, offset by the amortization of $248,000 of the offering costs of our zero coupon convertible senior notes issued in July 2003.

Other Income (Expense)

For the year ended December 31, 2007, other income of $887,000 mainly consisted of $561,000 gain from disposal of interest in an associate. In addition, we have also recorded approximately $503,000 of certain tax refund. This was offset by the amortization of $248,000 of the offering costs of our zero coupon convertible senior notes issued in July 2003. For the year ended December 31, 2006, other income of $477,000 mainly consisted of $793,000 of gains from early redemption of zero coupon convertible senior notes with face value of $15.0 million and our share of profits of $151,000 from our investment in an associate. This was offset by the amortization of $537,000 of the offering costs of our zero coupon convertible senior notes issued in July 2003.

Other Income (Expense)

SIZE="2">For the year ended December 31, 2007, other income of $887,000 mainly consisted of $561,000 gain from disposal of interest in an associate. In addition, we have also recorded approximately $503,000 of certain tax refund. This was
offset by the amortization of $248,000 of the offering costs of our zero coupon convertible senior notes issued in July 2003. For the year ended December 31, 2006, other income of $477,000 mainly consisted of $793,000 of gains from early
redemption of zero coupon convertible senior notes with face value of $15.0 million and our share of profits of $151,000 from our investment in an associate. This was offset by the amortization of $537,000 of the offering costs of our zero coupon
convertible senior notes issued in July 2003.

5. Other Income (Expense)

The following table summarizes the Company’s other income (expense) (in thousands):

 

     Year Ended December 31,  
     2008     2007     2006  

Charitable donation for Sichuan earthquake

   $ (573 )   $ —       $ —    

Gain from disposal of interest in an associate

     —         561       —    

Receipts of tax refunds and reversal of certain taxes previously accrued

     11       503       —    

Gains on early redemption of zero coupon convertible senior notes

     —         —         793  

Amortization of offering costs for zero coupon convertible senior notes

     —         (248 )     (537 )

Share of profits from investment in an associate

     —         9       151  

Others

     27       62       70  
                        
   $ (535 )   $ 887     $ 477  
                        

 

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5. Other Income (Expense)

FACE="Times New Roman" SIZE="2">The following table summarizes the Company’s other income (expense) (in thousands):

 














































































































































































   Year Ended December 31, 
   2008  2007  2006 

Charitable donation for Sichuan earthquake

  $(573) $—    $—   

Gain from disposal of interest in an associate

   —     561   —   

Receipts of tax refunds and reversal of certain taxes previously accrued

   11   503   —   

Gains on early redemption of zero coupon convertible senior notes

   —     —     793 

Amortization of offering costs for zero coupon convertible senior notes

   —     (248)  (537)

Share of profits from investment in an associate

   —     9   151 

Others

   27   62   70 
             
  $(535) $887  $477 
             

 


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This excerpt taken from the SOHU 10-Q filed Nov 9, 2005.

Other Income / (Expense)

 

For the three months ended September 30, 2005, other income of $358,000 mainly consisted of the reversal of certain tax previously accrued of $531,000 and profits from our investment in our associate amounting to $25,000, which was offset by $187,000 amortization of the offering costs attributable to our zero coupon convertible senior notes issued in July 2003 and other expense of $11,000. During the three months ended September 30, 2005, one of the Company’s China-based subsidiaries obtained an exemption regarding payment of certain taxes. The Company reversed the related accrual and recorded approximately $531,000 of other income after netting off professional fees directly attributable to obtaining the exemption. For the nine months ended September 30, 2005, other income of $96,000 mainly consisted of $531,000 reversal of certain tax previously accrued, profits from our investment in our associate amounting to $67,000 and other income of $59,000, which was offset by $561,000 amortization of the offering costs of our zero coupon convertible senior notes issued in July 2003.

 

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For the three and nine months ended September 30, 2004, other expense was $190,000 and $594,000, respectively, which mainly consisted of $189,000 and $589,000 of amortization of the offering costs of our zero coupon convertible senior notes issued in July 2003.

 

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