Electronic Arts 2000 Annual Report Download - page 62

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(15) INTEREST AND OTHER INCOME, NET
Interest and other income, net for the years ended March 31, 2000, 1999 and 1998 consisted of:
2000 1999 1998
(in thousands)
Interest income $ 13,744 $ 12,625 $ 13,649
Gain on disposition of assets, net 8,339 725 14,910
Foreign currency losses (1,781) (1,168) (517)
Equity in net gain (loss) of affiliates 1,138 (155) (1,162)
Other income (expense), net (5,412) 1,153 (2,069)
$16,028 $ 13,180 $ 24,811
(16) COMPREHENSIVE INCOME
In fiscal 1999, the Company adopted SFAS No. 130,
“Reporting Comprehensive Income,”
which establishes standards for
reporting and display of comprehensive income and its components (revenues, expenses, gains and losses) in financial state-
ments. SFAS 130 requires classification of other comprehensive income in a financial statement and display of other compre-
hensive income separately from retained earnings and additional paid-in capital. Other comprehensive income includes
primarily foreign currency translation adjustments and unrealized gains (losses) on investments.
The change in the components of accumulated other comprehensive income, net of taxes, is summarized as follows
(in thousands):
Foreign currency Unrealized gains Accumulated other
translation (losses) on comprehensive
adjustments investments income
Balance at March 31, 1997 $ (1,925) $ 2,593 $ 668
Other comprehensive loss (1,273) (863) (2,136)
Balance at March 31, 1998 (3,198) 1,730 (1,468)
Other comprehensive income (loss) (2,643) 1,544 (1,099)
Balance at March 31, 1999 (5,841) 3,274 (2,567)
Other comprehensive loss (339) (3,455) (3,794)
Balance at March 31, 2000 $ (6,180) $ (181) $ (6,361)
Change in unrealized gains (losses) on investments, net are shown net of taxes of $(1,553,000), $727,000 and $(426,000) in
fiscal 2000, 1999 and 1998, respectively.
The currency translation adjustments are not adjusted for income taxes as they relate to indefinite investments in non-U.S.
subsidiaries.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
60