COST Financial_Report

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Unformatted text preview: .</font></p> <p style=3D'MARGIN-TOP: 12px <font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>The Compa ny&#x2019 va lua tion techniques used to mea sure the fa ir va lue of money ma rket mutua l funds a re ba sed on quoted ma rket prices, such a s quoted net a sset va lues published by the fund a s supported in a n a ctive ma rket. Va lua tion methodologies used to mea sure the fa ir va lue of a ll other non-deriva tive fina ncia l instruments a re ba sed on &#x201C of industry-sta nda rd independent da ta providers or pricing tha t considers va rious a ssumptions, including time va lue, yield curve, vola tility fa ctors, credit sprea ds, defa ult ra tes, loss severity, current ma rket a nd contra ctua l prices for the underlying instruments or debt, broker a nd dea ler quotes, a s well a s other releva nt economic mea sures. All a re observa ble in the ma rket or ca n be derived principa lly from or corrobora ted by observa ble ma rket da ta , for which the Compa ny typica lly receives independent externa l va lua tion informa tion.</font></p> <p style=3D'MARGIN-TOP: 12px <font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>The Compa ny reports tra nsfers in a nd out of Levels 1, 2, a nd 3, a s a pplica ble, using the fa ir va lue of the individua l securities a s of the beginning of the reporting period in which the tra nsfer(s) occurred.</font></p> <p style=3D'MARGIN-TOP: 12px <font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>The Compa ny&#x2019 current fina ncia l lia bilities ha ve fa ir va lues tha t a pproxima te their ca rrying va lues. The Compa ny&#x2019 lia bilities consist of long-term debt, which is recorded on the ba la nce sheet a t issua nce price a nd a djusted for a ny a pplica ble una mortiz ed discounts or premiums.</font></p> </div><spa n></spa n></td> < /tr> < tr cla ss=3Dre> < td cla ss=3Dpl va lign=3Dtop>Receiva bles, Net</td> < td cla ss=3Dtext><div> <p style=3D'MARGIN-TOP: 18px <p style=3D'MARGIN-TOP: 6 px <font style=3D'FONT-FAMILY: ARIAL' siz e=3D2>Receiva bles consist of the following a t the end of 2012 a nd 2011:</font></p> <p style=3D'MARGIN-TOP: 0px &#xA0 <ta ble style=3D'BORDER-COLLAPSE: colla pse' border=3D0 cellspa cing=3D0 cellpa dding=3D0 width=3D84 % a lign=3Dcenter> <tr> <td width=3D79 % ></td> <td va lign=3Dbottom width=3D7% ></td> <td></td> <td></td> <td></td> <td va lign=3Dbottom width=3D6 % ></td> <td></td> <td></td> <td></td> </tr> <tr> <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td style=3D'BORDER-BOTTOM: #000000 1px solid' va lign=3Dbottom colspa n=3D2 a lign=3Dcenter><font style=3D'FONT-FAMILY: ARIAL' <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td style=3D'BORDER-BOTTOM: #000000 1px solid' va lign=3Dbottom colspa n=3D2 a lign=3Dcenter><font style=3D'FONT-FAMILY: ARIAL' <td va lign=3Dbottom><font siz e=3D1>&#xA0 </tr> <tr bgcolor=3D#CCEEFF> <td va lign=3Dtop> <p style=3D'TEXT-INDENT: -1em </td> <td va lign=3Dbottom><font siz e=3D1>&#xA0 <td va lign=3Dbottom><font...
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This document was uploaded on 04/07/2014.

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