Standard Instructions for Filing Forms under the Securities Act of 1933, Securities Exchange Act of 1934, and Energy Policy and Conservation Act of 1975
Item 302 -- Supplementary Financial Information
Selected quarterly financial data. Registrants specified
in paragraph (a)(5)of this Item shall provide the information specified below.
Disclosure shall be made of net sales, gross profit (net sales less costs and
expenses associated directly with or allocated to products sold or services rendered), income (loss) before extraordinary items and
cumulative effect of a change in accounting, per share data based upon such income (loss), net income (loss) and net income (loss)
attributable to the registrant, for each full quarter within the two most recent fiscal years and any subsequent interim period for
which financial statements are included or are required to be included by Article 3 of Regulation S-X (Part 210 of this chapter).
When the data supplied pursuant to paragraph (a) of this section vary from the amounts previously reported on the Form 10-Q filed for any quarter, such as would be the case when a combination between entities under common control occurs or where an
error is corrected, reconcile the amounts given with those previously reported and describe the reason for the difference.
Describe the effect of any disposals of segments
of a business, and extraordinary, unusual or infrequently occurring items
recognized in each full quarter within the two most recent fiscal years
and any subsequent interim period for which financial statements are included
or are required to be included by Article 3 of Regulation S-X, as well
as the aggregate effect and the nature of year-end or other adjustments
which are material to the results of that quarter.
If the financial statements to which this
information relates have been reported on by an accountant, appropriate
professional standards and procedures, as enumerated in the Statements
of Auditing Standards issued by the Auditing Standards Board of the American
Institute of Certified Public Accountants, shall be followed by the reporting
accountant with regard to the data required by this paragraph (a).
This paragraph (a) applies to any registrant,
except a foreign private issuer, that has securities registered pursuant
to sections 12(b) (other than mutual
life insurance companies) or 12(g)
of the Exchange Act.
Information about oil and gas producing activities.
Registrants engaged in oil and gas producing activities shall present
the information about oil and gas producing activities (as those activities
are defined in Regulation S-X, Rule 4-10(a))
specified in paragraphs 9-34 of Statement of Financial Accounting Standards
("SFAS") No. 69, "Disclosures about Oil and Gas Producing Activities." If
such oil and gas producing activities are regarded as significant under one
or more of the tests set forth in paragraph 8 of SFAS No. 69.
Instructions to Paragraph (b):
(a) SFAS No. 69 disclosures that relate
to annual periods shall be presented for each annual period for which
an income statement is required. (b) SFAS No. 69 disclosures required
as of the end of an annual period shall be presented as of the date of
each audited balance sheet required, and (c) SFAS No. 69 disclosures required
as of the beginning of an annual period shall be presented as of the beginning
of each annual period for which an income statement is required.
This paragraph, together with Rule
4-10 of Regulation S-X, prescribes financial reporting standards for
the preparation of accounts by persons engaged, in whole or in part, in
the production of crude oil or natural gas in the United States, pursuant
to Section 503 of the Energy Policy and Conservation Act of 1975 ("EPCA")
and Section 11(c) of the Energy Supply and Environmental Coordination
Act of 1974 ("ESECA") as amended by Section 506 of EPCA. The application
of the paragraph to those oil and gas producing operations of companies
regulated for ratemaking purposes on an individual-company-cost-of-service
basis may, however, give appropriate recognition to differences arising
because of the effect of the ratemaking process.
Any person exempted by the Department
of Energy from any record-keeping or reporting requirements pursuant to
Section 11(c) of ESECA, as amended, is similarly exempted from the related
provisions of this paragraph in the preparation of accounts pursuant to
EPCA. This exemption does not affect the applicability of this paragraph
to filings pursuant to the federal securities laws.
Smaller reporting companies. A registrant that qualifies as a smaller reporting company,
as defined by Rule 229.10(f)(1), is not required to provide the information required by this Item.
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