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SYT » Topics » Acquisitions in prior periods

This excerpt taken from the SYT 20-F filed Mar 1, 2006.

Acquisitions in prior periods

During 2005, Syngenta received a US$14 million final settlement from an escrow account established under the 1998 stock purchase agreement in which Zeneca agrochemicals business acquired the US fungicide business of Ishihara Sangyo Kaisha, Ltd. Zeneca agrochemicals business was subsequently acquired by Novartis agribusiness in November 2000 on the formation of Syngenta. US$11 million of the settlement has been shown as operating income, and US$3 million, which represents accrued interest, has been shown as interest income, in the consolidated income statements.

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