|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the DIS 10-K filed Dec 2, 2009. Principles of Consolidation The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its majority-owned and controlled subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. In December 1999, DVD Financing, Inc. (DFI), a subsidiary of Disney Vacation Development, Inc. and an indirect subsidiary of the Company, completed a receivable sale transaction that established a facility that permits DFI to sell receivables arising from the sale of vacation club memberships on a periodic basis. In connection with this facility, DFI prepares separate financial statements, although its separate assets and liabilities are also consolidated in these financial statements. DFI’s ability to sell new receivables under this facility ended on December 4, 2008. (See Note 16 for further discussion of this facility) This excerpt taken from the DIS 8-K filed Feb 3, 2009. Principles of Consolidation The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its subsidiaries after elimination of intercompany accounts and transactions. In December 1999, DVD Financing, Inc. (DFI), a subsidiary of Disney Vacation Development, Inc. and an indirect subsidiary of the Company, completed a receivable sale transaction that established a facility that permits DFI to sell receivables arising from the sale of vacation club memberships on a periodic basis. In connection with this facility, DFI prepares separate financial statements, although its separate assets and liabilities are also consolidated in these financial statements. The ability to add new receivables to this facility ends on December 4, 2008 and, as a result of market conditions, we may not be able to renew the facility on terms acceptable to the Company. These excerpts taken from the DIS 10-K filed Nov 20, 2008. Principles of Consolidation The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its subsidiaries after elimination of intercompany accounts and transactions. In December 1999, DVD Financing, Inc. (DFI), a subsidiary of Disney Vacation Development, Inc. and an indirect subsidiary of the Company, completed a receivable sale transaction that established a facility that permits DFI to sell receivables arising from the sale of vacation club memberships on a periodic basis. In connection with this facility, DFI prepares separate financial statements, although its separate assets and liabilities are also consolidated in these financial statements. The ability to add new receivables to this facility ends on December 4, 2008 and, as a result of market conditions, we may not be able to renew the facility on terms acceptable to the Company. Principles of Consolidation SIZE="2">The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its subsidiaries after elimination of intercompany accounts and transactions. In December 1999, DVD Financing, Inc. (DFI), a subsidiary This excerpt taken from the DIS 10-K filed Nov 21, 2007. Principles of Consolidation The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its subsidiaries after elimination of intercompany accounts and transactions. In December 1999, DVD Financing, Inc. (DFI), a subsidiary of Disney Vacation Development, Inc. and an indirect subsidiary of the Company, completed a receivable sale transaction that established a facility that permits DFI to sell receivables arising from the sale of vacation club memberships on a periodic basis. In connection with this facility, DFI prepares separate financial statements, although its separate assets and liabilities are also consolidated in these financial statements. This excerpt taken from the DIS 10-K filed Nov 22, 2006. Principles of Consolidation The consolidated financial statements of the Company include the accounts of The Walt Disney Company and its subsidiaries after elimination of intercompany accounts and transactions. In December 1999, DVD Financing, Inc. (DFI), a subsidiary of Disney Vacation Development, Inc. and an indirect subsidiary of the Company, completed a receivable sale transaction that established a facility that permits DFI to sell receivables arising from the sale of vacation club memberships on a periodic basis. In connection with this facility, DFI prepares separate financial statements, although its separate assets and liabilities are also consolidated in these financial statements. This excerpt taken from the DIS 10-Q filed May 9, 2006. Principles
of Consolidation
These Condensed Consolidated Financial Statements have been
prepared in accordance with accounting principles generally
accepted in the United States of America (GAAP) for interim
financial information and the instructions to Rule 10-01 of
Regulation S-X.
Accordingly, they do not include all of the information and
footnotes required by GAAP for complete financial statements. In
the opinion of management, all adjustments (consisting only of
normal recurring adjustments) considered necessary for a fair
presentation have been reflected in these Condensed Consolidated
Financial Statements. Operating results for the quarter ended
April 1, 2006 are not necessarily indicative of the results
that may be expected for the year ending September 30,
2006. Certain reclassifications have been made in the fiscal
2005 financial statements to conform to the fiscal 2006
presentation.
These financial statements should be read in conjunction with
the consolidated financial statements and footnotes thereto
included in the Company’s Annual Report on
Form 10-K for the
year ended October 1, 2005 (the 2005 Annual Report) and in
the Company’s Current Report on
Form 8-K dated
February 16, 2006.
In December 1999, DVD Financing, Inc. (DFI), a subsidiary of
Disney Vacation Development, Inc. and an indirect subsidiary of
the Company, completed a receivables sale transaction which
established a facility that permits DFI to sell receivables
arising from the sale of vacation club memberships on a periodic
basis. In connection with this facility, DFI prepares separate
financial statements, although its separate assets and
liabilities are also consolidated in these financial statements.
The terms “Company”, “we”, “us”
and “our” are used in this report to refer
collectively to the parent company and the subsidiaries through
which our various businesses are actually conducted.
2. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for DIS: |
| |||||||
