ADT 2000 Annual Report Download - page 36

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THIRTY FOUR
COMMODITY PRICE SENSITIVITY
The table below provides information about Tyco’s financial instru-
ments that are sensitive to changes in commodity prices. Total con-
tract dollar amounts (in millions) and notional quantity amounts are
presented for forward commodity contracts. Contract amounts are
used to calculate the contractual payments quantity of the com-
modity to be exchanged under the contracts.
FISCAL FISCAL FISCAL FISCAL FISCAL FAI R
($ IN M I LLIONS) 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 THEREAFTER TOTAL VALUE
FORWARD CONTRACTS:
Copper
Contract amount (US$) 62.4 10.9
————
73.3 10.6
Contract quantity (in 000 metric tons) 35.6 6.1
————
41.7
Gold
Contract amount (US$) 25.8 1.7
————
27.5 0.4
Contract quantity (in 000 ounces) 93.0 6.0
————
99.0
Silver
Contract amount (US$) 8.6 2.0
————
10.6 0.0
Contract quantity (in 000 ounces) 1,700.0 400.0
————
2,100.0
Zinc
Contract amount (US$) 0.7
—————
0.7 0.1
Contract quantity (in 000 metric tons) 0.7
—————
0.7
Year 2 0 0 0 Compliance
Tyco’s Year 2000 compliance programs and systems modifications
were completed on time, and the conversion process was success-
ful. Our business has not been adversely affected due to the failure
of key third parties to successfully complete the Year 2000 conver-
sion. Although there can be no assurance that all of our material
third-party relationships had successful conversion programs we do
not expect that any such failure would have a material adverse effect
on our financial position, results of operations or liquidity. The costs
of our Year 2000 program to date have not been material, and we
know of no further required modifications to its information tech-
nology or embedded technology systems that would have a material
impact on our financial position, results of operations or liquidity.