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This excerpt taken from the WYN 10-K filed Feb 27, 2009. Inventory
Inventory primarily consists of real estate and development
costs of completed VOIs, VOIs under construction, land held for
future VOI development, vacation ownership properties and
vacation credits. Inventory is stated at the lower of cost,
including capitalized interest, property taxes and certain other
carrying costs incurred during the construction process, or net
realizable value. Capitalized interest was $19 million,
$23 million and $16 million in 2008, 2007 and 2006,
respectively.
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Inventory
Inventory primarily consists of real estate and development
costs of completed VOIs, VOIs under construction, land held for
future VOI development, vacation ownership properties and
vacation credits. Inventory is stated at the lower of cost,
including capitalized interest, property taxes and certain other
carrying costs incurred during the construction process, or net
realizable value. Capitalized interest was $23 million,
$16 million and $7 million in 2007, 2006 and 2005,
respectively.
This excerpt taken from the WYN 10-K filed Mar 7, 2007. Inventory
Inventory primarily consists of real estate and development
costs of completed VOIs, VOIs under construction, land held for
future VOI development, vacation ownership properties and
vacation credits. Inventory is stated at the lower of cost,
including capitalized interest, property taxes and certain other
carrying costs incurred during the construction process, or net
realizable value. Capitalized interest was $16 million,
$7 million and $5 million in 2006, 2005 and 2004,
respectively.
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