INTL FCStone 2005 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2005 INTL FCStone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 85

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85

INTERNATIONAL ASSETS HOLDING CORPORATION AND SUBSIDIARIES
Notes to the Consolidated Financial Statements—(Continued)
September 30, 2005 and 2004
Information concerning operations in these segments of business is approximately shown in accordance with
SFAS No. 131 as follows:
2005 2004
Revenues:
International equities market-making ....................... $12,052,000 $16,709,000
International debt capital markets .......................... 2,414,000 2,622,000
Foreign exchange/commodities trading ..................... 10,526,000 2,560,000
Other ................................................ 1,148,000 147,000
Total ........................................ $26,140,000 $22,038,000
Net contribution:
(Revenues less clearing and related expenses and variable trader
bonus compensation):
International equities market-making ................... $ 5,450,000 $ 8,737,000
International debt capital markets ...................... 1,654,000 1,910,000
Foreign exchange/commodities trading ................. 8,035,000 1,981,000
Total ........................................ $15,139,000 $12,628,000
2005 2004
as restated
Total assets:
International equities market-making ...................... $ 40,116,000 $22,216,000
International debt capital markets ......................... 41,905,000 8,734,000
Foreign exchange/commodities trading .................... 57,051,000 30,912,000
Other ............................................... 7,947,000 5,830,000
Total ....................................... $147,019,000 $67,692,000
Reconciliation of net contribution to income before income tax
expense:
Net contribution allocated to segments ................. $ 15,139,000 $12,628,000
Fixed costs not allocated to operating segments .......... 11,020,000 8,265,000
Interest relating to beneficial conversion feature ......... 2,483,000
Income before income tax expense and minority interest ....... $ 4,119,000 $ 1,880,000
F-40