That sugars the pill for Mr Warner and ensures the transaction gets favourable "pooling" accounting treatment.
In prior times, the exercise of the option and issuance of such a significant amount of shares meant that a subsequent bidder could only use purchase accounting in their acquisition, not pooling accounting.
By using what is known as pooling accounting, he said, "we could avoid basically an $800 million to $900 million write-off of amortization of good will," increasing profit earnings by 40 to 50 cents a share a year.
But because the company used pooling accounting, in which the balance sheets of the two companies were simply added together, Conseco did not have to show most of that cost on its financial statements and therefore would not have to report the loss.
Thus, if we maximize the role of substitution, it accounts for about 60% of the trials, and pooling accounts for the remaining 40%.
After selling those to buy Perth Mint Certificates, he discovered trading digital ounces of gold online through Kitco's pool account.
As evident from the heterogeneous distribution of release probabilities in our model system, the 10% of synapses with largest recycling pools account for 25% of the evoked vesicular release (Compare distribution in Figure S1B).
The additional resources under the Administration and Finance Department (AF) shown across the programme structure are for the ongoing costs of the Wide Area Network (WAN) in the Computer Pool Account.
Thus, for example, the professional and general service budget components below exclude the staff inputs involved in the translation of documents, interpretation services for meetings and staff involved in the provision of computer services through the computer pool account.
The pools accounted for around a third of Sportech's revenues last year.
There might be a pick-up later this year because the Financial Accounting Standards Board wants to scrap "pooled" accounting by the beginning of next year.
