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This excerpt taken from the TNS 10-Q filed Nov 10, 2008. Other income (expense), net. Other
income (expense), net was an expense of $1.1 million for the nine months ended September 30,
2008 compared to income of $2.3 million for the nine months ended September 30,
2007. Included in other income (expense), net for the nine months ended September 30,
2008 are foreign currency revaluation losses of approximately $1.0 million due
to fluctuations in the value of the U.S. dollar, principally against the Euro
and Pound Sterling, versus a gain on foreign currency revaluation of $1.9
million for the nine months ended September 30, 2007. Included in other
income (expense), net for the nine months ended September 30, 2007 is a
gain on the sale of an asset of $0.3 million.
We have recently seen the U. S. dollar strengthen against the Euro, Pound Sterling and Australian dollar, which are the primary currencies we do business in outside the U. S. To the extent that the U.S. dollar continues to strengthen against those currencies we may recognize further losses on the revaluation or settlement of assets and liabilities denominated in currencies other than the local currency in which our subsidiaries operate.
This excerpt taken from the TNS 10-Q filed Aug 11, 2008. Other income
(expense), net. Other income (expense), net was an
expense of $0.2 million for the six months ended June 30, 2008 compared to
income of $1.1 million for the six months ended June 30, 2007.
Included in other income (expense), net for the six months ended June 30,
2008 are foreign currency revaluation losses of approximately $0.1 million due
to fluctuations in the value of the U.S. dollar, principally against the Euro
and Pound Sterling, versus a gain on foreign currency revaluation of $0.7
million for the three months ended June 30, 2007. Included in other income
(expense), net for the six months ended June 30, 2007 is a gain on the
sale of an asset of $0.3 million.
This excerpt taken from the TNS 10-K filed Mar 16, 2007. Other income
(expense), net. Other
income (expense), net was approximately $2.2 million of income for the year
ended December 31, 2006 compared to approximately $0.7 million of expense for
the year ended December 31, 2005. Included in other income (expense), net for
the year ended December 31, 2006 is a gain on foreign currency
transactions of approximately $2.1 million due to fluctuations in the
value of the U.S. dollar as compared with foreign currencies, predominately,
the euro, the British pound and the Australian dollar, versus a loss on foreign
currency transactions of $0.8 million for the year ended December 31,
2005.
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