Auszug aus Edgar

verfasst von off-shore-trader, 11.05.2004, 09:45

-->Realized Investment Gains (Continued)

After-tax realized gains also included $156 million in 2004 and $68 million in 2003 from increases in fair value of foreign currency forward contracts. The gains were due to the decline in the value of the U.S. dollar against certain foreign currencies. As of May 5, 2004, the fair value of open foreign currency forward contracts declined by approximately $600 million ($390 million after-tax) due to the increase in the value of the U.S. dollar relative to other currencies. If the fair value as of May 5 remains unchanged, the decline in fair value will be charged against earnings in the second quarter of 2004. Changes in foreign currency exchange rates may produce material changes in the fair value of these contracts and consequently, may produce exceptional volatility in reported earnings in a given period.


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• Bloomberg rechnet Buffett seine Verlust aus Wette gegen USD vor - kingsolomon, 11.05.2004, 09:34
  • Auszug aus Edgar - off-shore-trader, 11.05.2004, 09:45