Friday, January 03, 2003 12:32:21 PM
It should be interesting to see how PWC treat the accrued income that may be owed to the company from Nokia/Samsung in last years accounts.
If a minimum rate exists, then the company will have to record the income and a corresponding debtor if the expectation is that such income will become payable within 12 months of the year end.
If it appears that the company inserted some time deadline into the 1999 contract for Nokia to agree a royalty rate, then again it would have to accrue the income, if it falls within the said 12 month period.
It should be interesting to see how PWC treat these accounting issues.
It may be possible to determine from the annual accounts to be published of Nokia and Samsung of how much they are accruing for the IDCC debt as they should now be material and large enough to make a difference to both companies current liabilities.
I expect a significant increase in the provision for the Erciy liability provision in their accounts. I wonder how PWC will treat the potential for bringing income into IDCC,s accounts for the Ericy income. Will they because of an ongoing trial make the leap that the matter should be treated as income or rather still leave as a contingent asset. I would expect a far more detailed accounting note than has traditionally been the case if they continue to follow the contingent asset approach.
AMS
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