Visa 2013 Annual Report Download - page 96

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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2013
Investment Income
Investment income is recorded as non-operating income in the Company’s consolidated
statements of operations and consisted of the following:
For the Years Ended
September 30,
2013 2012 2011
(in millions)
Interest and dividend income on cash and investments ......... $27$17$16
Gain on other investments ................................. 517 92
Investment securities, trading:
Unrealized gains (losses), net .......................... 49 (5)
Realized gains (losses), net ............................ 2(1) 1
Investment securities, available-for-sale:
Realized (losses) gains, net ............................ (1) —4
Other-than-temporary impairment on investments .............. (15) (6) —
Investment income ....................................... $22$ 36 $ 108
The gain on other investments in fiscal 2011 primarily includes the pre-tax gain from the sale of the
Company’s equity interest in Visa Vale issuer Companhia Brasileira de Soluções e Serviços, or CBSS, of
$85 million.
Note 5—Prepaid Expenses and Other Assets
Prepaid expenses and other current assets consisted of the following:
September 30,
2013
September 30,
2012
(in millions)
Prepaid expenses and maintenance ............................... $ 111 $69
Foreign exchange derivative instruments—(See Note 12—Derivative
Financial Instruments) .......................................... 23 13
Other ........................................................ 53 40
Total ........................................................ $ 187 $ 122
88