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    News and Articles on Change in Accounting Method



    Maurel & Prom : Fourth Quarter 2007 Sales EUR 75.1 Million (+5%). Fourth Quarter 2007 Production Increased (+3%). 2007 Sales EUR 289.5 Million (-11%)  Feb 7, 2008
    4 million for the fourth quarter 2006 - Maurel s share of production increased in the fourth quarter (+3%) - Favorable effect of oil prices (Brent +49%, WTI +50%) in the fourth quarter 2007 - Unfavorable effect of the US$/EUR exchange rate (-13%) in the fourth quarter 2007 - Change in accounting method: impact on Caroil sales of EUR-5 ... 0 million in 2006, or a reduction of 11% - Working interest production fell 13% (retrocession of Tello and temporary technical problems on Balcon-21, put back... (PR Newswire)

    Stewart Enterprises Reports Results For Fiscal Year 2007  Dec 20, 2007
    effects on revenue due to the changes in the number of deaths in our markets and decline in funeral call volume; * effects on our market share, prices, revenues and margins of intensified price competition or improved advertising and marketing by competitors, including low-cost casket providers and increased offerings of products or services over the Internet; * effects on cash flow and earnings as a result of increased costs; * effects on at-need and preneed sales of a weakening economy; *... (Primezone Releases)

    Tenneco Announces Restatement of Financial Statements Primarily Related to Accounting for Interest Rate Swaps  Jul 24, 2007
    "The interest rate swap transactions provide effective economic hedges and this change in accounting method will in no way affect our cash flow or minimize the benefits from this risk management strategy," said Gregg Sherrill, Chairman and CEO, Tenneco. "The accounting standards for interest rate swaps are complex and we are disappointed in having to restate our financial results." As part of the restatement process, Tenneco will also reflect other accounting adjustments, the cumulative effect... (PR Newswire)

    Tesco Corporation Announces Filing of Annual Report (10-K) for the year ended December 31, 2006, Confirms Report of Record Revenues and Earnings & Amends March 8th, 2007 Press Release  Mar 29, 2007
    6 Cumulative Change in accounting method - - - (0. 2) - EBITDA $ 26. (PR Newswire)

    Oil Refineries Announces Financial Results for Fiscal Year 2006  Mar 22, 2007
    1-866-704-6710 \ +972-54-566-3221 Oil Refineries Ltd. Consolidated Pro-Forma Balance Sheet (Note 24) December 31 2006 NIS in thousands Audited Assets Current Assets Cash and cash equivalents 141,570 Trade accounts receivable 1,604,299 Receivables and debt balances 454,701 Inventory 2,738,321 4,938,891 Long-term investments and loans Investee companies 191,002 Long-term loans and debit balances 7,409 Loan to Haifa Early Pension Company Ltd. 300,000 Severance pay fund, net 45,458 543,869 Fixed... (PR Newswire)




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