World Fuel Services 2007 Annual Report Download - page 24

Download and view the complete annual report

Please find page 24 of the 2007 World Fuel Services 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 100

  • 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
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

ˆ1KGX9SH69T7N8VWEŠ
1KGX9SH69T7N8VW
64435 TX 16WORLD FUEL SERVICES
ANNUAL REPORT
26-Feb-2008 22:16 EST
CLN PSTAM
RR Donnelley ProFile SER scheg0cm 3*
PMT 2C
CHMFBUAC350606
9.9.26
As of December 31, 2007, we had recorded certain reserves related to the foregoing proceedings which were
not significant. Because the outcome of litigation is inherently uncertain, we may not prevail in the proceedings
described above and we cannot estimate our ultimate exposure in such proceedings if we do not
prevail. Accordingly, a ruling against us in any of the above proceedings could have a material adverse effect on
our financial condition, results of operations, or cash flows.
In addition to the matters described above, we are involved in litigation and administrative proceedings
primarily arising in the normal course of our business. In the opinion of management, except as set forth above,
our liability, if any, under any other pending litigation or administrative proceedings, even if determined
adversely, would not materially affect our financial condition, results of operations, or cash flows.
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of shareholders, through the solicitation of proxies or otherwise, during
the quarter ended December 31, 2007.
16