Duke Energy 2011 Annual Report Download - page 95

PART II
periods beginning January 1, 2012. Early adoption of this revised
guidance is permitted. Duke Energy is currently evaluating the revised
requirements for presenting comprehensive income in its financial
statements and is unable to estimate at this time the impact of adoption
of this revised guidance on its consolidated results of operations.
ASC 210 — Balance Sheet. In December 2011, the FASB
issued revised accounting guidance to amend the existing disclosure
requirements for offsetting financial assets and liabilities to enhance
current disclosures, as well as to improve comparability of balance
sheets prepared under U.S. GAAP and IFRS. The revised disclosure
guidance affects all companies that have financial instruments and
derivative instruments that are either offset in the balance sheet (i.e.,
presented on a net basis) or subject to an enforceable master netting
and/or similar arrangement. In addition, the revised guidance requires
that certain enhanced quantitative and qualitative disclosures be
made with respect to a company’s netting arrangements and/or rights
of setoff associated with its financial instruments and/or derivative
instruments. For the Duke Energy Registrants, the revised disclosure
guidance is effective on a retrospective basis for interim and annual
periods beginning January 1, 2013. Duke Energy is currently
evaluating the potential impact of the adoption of this revised
guidance and is unable to estimate at this time the impact of
adoption on its consolidated results of financial position.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
See “Management’s Discussion and Analysis of Results of Operations and Financial Condition, Quantitative and Qualitative Disclosures
About Market Risk.”
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