In a Thompson financial report from 2002 I found this:
Thomson multimedia has decided to exit the Dye Transfer business acquired as part of
Technicolor transaction. The net book value of the Dye Transfer equipment was written down to fair
market value, determined to be zero. Under French GAAP, the indirect costs expected to be non-recurring
if the activity ceased (i.e. utilities and rent) have been recorded under ‘‘Other income and
expense’’. Under U.S GAAP, the Dye Transfer activity does not qualify as discontinued operations
under APB 30 and the results during the period March 17, 2001 to December 31, 2001 should be
reflected as gross in the income statement, leading to the reclassification of €2 million from ‘‘Other
expenses’’ to ‘‘Operating expenses’’.
Last edited by AgX; 11-09-2009 at 03:04 AM. Click to view previous post history.