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The following is an excerpt from a 20-F SEC Filing, filed by ANCHOR LAMINA INC on 2/28/2005. |
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ANCHOR LAMINA INC - 20-F - 20050228 - INCOME_STATEMENT
17.
UNITED STATES ACCOUNTING PRINCIPLES (Continued)
Consolidated statement of income (loss) is
reconciled to U.S. GAAP as follows:
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2004
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2003
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2002
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Net income (loss)
(per financial statements)
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$
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1,533
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$
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4,942
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$
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(4,400)
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Income taxes -
substantively enacted rates (item (f))
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700
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(156)
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(185)
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Net income (loss)
before cumulative effect of change in
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accounting
policy
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2,233
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4,786
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(4,585)
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Cumulative
effect of change in accounting policy - Note 2 (a)
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-
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(64,012)
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-
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Net income (loss)
per U.S. GAAP
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2,233
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(59,226)
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(4,585)
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Other
comprehensive income item:
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Change
in currency translation adjustment (item (c))
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1,052
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2,614
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2,219
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Comprehensive
income (loss) per U.S. GAAP
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$
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3,285
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$
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(56,612)
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$
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(2,366)
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Net
income (loss) would have been as follows had the Company been accounting
for goodwill under
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FAS
142 for 2002:
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Reported net
income (loss) per U.S. GAAP
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$
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2,233
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$
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(59,226)
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$
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(4,585)
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Add
back: goodwill amortization
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-
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-
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4,344
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Adjusted
net income (loss) per U.S. GAAP
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$
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2,233
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$
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(59,226)
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$
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(241)
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Statement of
deficit is reconciled to U.S. GAAP as follows:
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2004
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2003
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2002
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Deficit, beginning
of year per U.S. GAAP
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$
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(91,677)
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$
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(32,451)
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$
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(27,866)
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Net
income (loss) per U.S. GAAP
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2,233
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(59,226)
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(4,585)
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Deficit,
end of year per U.S. GAAP
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$
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(89,444)
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$
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(91,677)
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$
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(32,451)
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