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Amarin Corporation plc Message Board

  • yellow.bluff yellow.bluff Nov 12, 2012 2:46 PM Flag

    AZN reiterates their change in accounting starting next year - backing out amortization

    We all know amortization expense comes from acquisitions...

    "With effect from first quarter results 2013, AstraZeneca PLC will update its definition of Core financial measures to exclude all intangible asset amortisation charges and impairments, except those for IS-related intangibles. As intangibles acquired as a result of externalisation become an increasing proportion of the Group's asset base, the new definition has been extended to provide better clarity of the impact from amortisation and impairment charges included in Reported results and, in addition, while recognising that non-GAAP measures differ between companies, it will aid comparability of our results versus our peers."

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