An amount of Euro 22.5 million (A$40.9 million),representing payments due to ERG on a milestone earn-out basis under the proposed PW sale, has not been accounted for in determining the provision and will be brought to account as it is earned. -- Anonymous

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

Sunday, May 17, 01:54:56am [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, [9], 10 ]

Subject: An amount of Euro 22.5 million (A$40.9 million),representing payments due to ERG on a milestone earn-out basis under the proposed PW sale, has not been accounted for in determining the provision and will be brought to account as it is earned.

Author:
As part ofthe proposed sale, ERG will retain access to the Proton technology by taking a 20 year global licence of the Proton technology.
[ Next Thread | Previous Thread | Next Message | Previous Message ]
Date Posted: Thursday, March 06, 06:04:49am
In reply to: has been recorded in the consolidated financial statements of ERG. 's message, "PWI goodwill on acquisition of $150,377,624 2002 year" on Thursday, March 06, 05:52:56am

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

Subject Author Date

6/3/03 Proton World's key asset is its technology which the proposed sale will guarantee ERG access to (including upgrades) for 20 years. (NT) Belgian-based Proton World was acquired by ERG in March 2002 for A$112 million plus a deferred contingent consideration of $38 million at 30 June 2002. Thursday, March 06, 07:30:58am

Subject: An amount of Euro 22.5 million (A$40.9 million),representing payments due to ERG on a milestone earn-out basis under the proposed PW sale, has not been accounted for in determining the provision and will be brought to account as it is earned.
Author: As part ofthe proposed sale, ERG will retain access to the Proton technology by taking a 20 year global licence of the Proton technology.	[ Next Thread \| Previous Thread \| Next Message \| Previous Message ] Date Posted: Thursday, March 06, 06:04:49am In reply to: has been recorded in the consolidated financial statements of ERG. 's message, "PWI goodwill on acquisition of $150,377,624* 2002 year" on Thursday, March 06, 05:52:56am* [ Next Thread \| Previous Thread \| Next Message \| Previous Message ]

Subject	Author	Date
6/3/03 Proton World's key asset is its technology which the proposed sale will guarantee ERG access to (including upgrades) for 20 years. (NT)	Belgian-based Proton World was acquired by ERG in March 2002 for A$112 million plus a deferred contingent consideration of $38 million at 30 June 2002.	Thursday, March 06, 07:30:58am