Entergy 2014 Annual Report Download - page 152

Download and view the complete annual report

Please find page 152 of the 2014 Entergy 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 192

  • 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
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

(QWHUJ\&RUSRUDWLRQDQG6XEVLGLDULHV
1RWHVWR)LQDQFLDO6WDWHPHQWV
7KHDVVHWVRIWKHVHYHQILQDODYHUDJHSD\TXDOLILHGSHQVLRQSODQVDUHKHOGLQDPDVWHUWUXVWHVWDEOLVKHGE\
(QWHUJ\ DQG WKH DVVHWV RI WKH WZR FDVK EDODQFH SHQVLRQ SODQV DUH KHOG LQ D VHFRQG PDVWHU WUXVW HVWDEOLVKHG E\ 
(QWHUJ\(DFKSHQVLRQSODQKDVDQXQGLYLGHGEHQHILFLDOLQWHUHVWLQHDFKRIWKHLQYHVWPHQWDFFRXQWVLQLWVUHVSHFWLYH
PDVWHUWUXVWWKDWLVPDLQWDLQHGE\DWUXVWHH8VHRIWKHPDVWHUWUXVWVSHUPLWVWKHFRPPLQJOLQJRIWKHWUXVWDVVHWVRI
WKH SHQVLRQ SODQV RI (QWHUJ\ &RUSRUDWLRQ DQG LWV 5HJLVWUDQW 6XEVLGLDULHV IRU LQYHVWPHQW DQG DGPLQLVWUDWLYH
SXUSRVHV $OWKRXJK DVVHWV LQ WKH PDVWHU WUXVWV DUH FRPPLQJOHG WKH WUXVWHH PDLQWDLQV VXSSRUWLQJ UHFRUGV IRU WKH
SXUSRVHRIDOORFDWLQJWKHWUXVWOHYHOHTXLW\LQQHWHDUQLQJVORVVDQGWKHDGPLQLVWUDWLYHH[SHQVHVRIWKHLQYHVWPHQW
DFFRXQWVLQHDFKWUXVWWRWKHYDULRXVSDUWLFLSDWLQJSHQVLRQSODQVLQWKDWSDUWLFXODUWUXVW7KHIDLUYDOXHRIWKHWUXVWV
DVVHWV LV GHWHUPLQHG E\ WKH WUXVWHH DQG FHUWDLQ LQYHVWPHQW PDQDJHUV  )RU HDFK WUXVW WKH WUXVWHH FDOFXODWHV D GDLO\ 
HDUQLQJV IDFWRU LQFOXGLQJUHDOL]HG DQGXQUHDOL]HG JDLQV RU ORVVHV FROOHFWHG DQGDFFUXHGLQFRPH DQGDGPLQLVWUDWLYH
H[SHQVHVDQGDOORFDWHVHDUQLQJVWRHDFKSODQLQWKHPDVWHUWUXVWVRQDSURUDWDEDVLV
:LWKLQHDFKSHQVLRQSODQWKHUHFRUGRIHDFK5HJLVWUDQW6XEVLGLDU\¶VEHQHILFLDOLQWHUHVWLQWKHSODQDVVHWVLV
PDLQWDLQHG E\ WKHSODQV DFWXDU\ DQG LV XSGDWHG TXDUWHUO\ $VVHWV IRU HDFK 5HJLVWUDQW 6XEVLGLDU\ DUHLQFUHDVHG IRU
LQYHVWPHQWLQFRPHDQGFRQWULEXWLRQVDQGDUHGHFUHDVHGIRUEHQHILWSD\PHQWV$SODQ¶VLQYHVWPHQWQHWLQFRPHORVV
LH LQWHUHVW DQG GLYLGHQGV UHDOL]HG DQG XQUHDOL]HG JDLQV DQG ORVVHV DQG H[SHQVHV LV DOORFDWHG WR WKH 5HJLVWUDQW
6XEVLGLDULHVSDUWLFLSDWLQJLQWKDWSODQEDVHGRQWKHYDOXHRIDVVHWVIRUHDFK5HJLVWUDQW6XEVLGLDU\DWWKHEHJLQQLQJRI
WKHTXDUWHUDGMXVWHGIRUFRQWULEXWLRQVDQGEHQHILWSD\PHQWVPDGHGXULQJWKHTXDUWHU
(QWHUJ\ &RUSRUDWLRQ DQG LWV VXEVLGLDULHV IXQG SHQVLRQ FRVWV LQ DFFRUGDQFH ZLWK FRQWULEXWLRQ JXLGHOLQHV
HVWDEOLVKHGE\WKH(PSOR\HH5HWLUHPHQW,QFRPH6HFXULW\$FWRIDVDPHQGHGDQGWKH,QWHUQDO5HYHQXH&RGH
RI  DV DPHQGHG 7KH DVVHWV RI WKH SODQV LQFOXGH FRPPRQ DQG SUHIHUUHG VWRFNV IL[HGLQFRPH VHFXULWLHV
LQWHUHVWLQDPRQH\PDUNHWIXQGDQGLQVXUDQFHFRQWUDFWV7KH5HJLVWUDQW6XEVLGLDULHV¶SHQVLRQFRVWVDUHUHFRYHUHG
IURPFXVWRPHUVDVDFRPSRQHQWRIFRVWRIVHUYLFHLQHDFKRIWKHLUUHVSHFWLYHMXULVGLFWLRQV
