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bradakus

06/12/08 7:30 PM

#181353 RE: crashman #181347

Derivative contracts – held for trading
The Group uses certain derivative contracts which are effective hedges of economic exposures in accordance with the Group’s risk management policy, but for various reasons are not designated within a formal hedge accounting relationship. Therefore, these contracts must be designated as held for trading and gains and losses on these contracts are recognised immediately in the income statement.

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JimsZ

06/12/08 8:02 PM

#181376 RE: crashman #181347

Remeber, 100k of this was in NHSP common stock!