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Message: Re: (ads123) Questions 1/17/08----wolf

Jan 17, 2008 04:18PM
SSDI We consolidate the results of SSDI, meaning we treat and

report SSDI’s revenues and expenses as if they were our own.

SSDI’s sales get added to ours, and their costs get added to our

costs. Strictly speaking, Patriot doesn’t own SSDI but we do have

a financial interest in the company and we exert some control over

its management. Therefore, the accounting rules say that we must

consolidate SSDI’s numbers into our own, even though it’s a small

part of our business and we don’t own SSDI in the way that one

might normally think.

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