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This excerpt taken from the SYT 20-F filed Mar 1, 2006. Pre-1995 Goodwill
Prior to January 1, 1995, Sandoz, Syngentas predecessor, wrote-off all goodwill directly to equity in accordance with IFRS existing at that time. The adoption of IAS 22 (revised) did not require prior period restatement. Accordingly, a US GAAP difference exists with respect to pre-January 1, 1995 goodwill, which was capitalized in accordance with US GAAP. In accordance with SFAS No. 142, this goodwill ceased to be amortized with effect from January 1, 2002. This excerpt taken from the SYT 20-F filed Mar 16, 2005. Pre-1995 Goodwill Prior to January 1, 1995, Sandoz, Syngentas predecessor, wrote-off all goodwill directly to equity in accordance with IFRS existing at that time. The adoption of IAS 22 (revised) did not require prior period restatement. Accordingly, a US GAAP difference exists with respect to pre-January 1, 1995 goodwill, which was capitalized in accordance with US GAAP. In accordance with SFAS 142, this goodwill ceased to be amortized with effect from January 1, 2002. | EXCERPTS ON THIS PAGE:
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