|
金融工具的公允价值
|
9月结束 |
|---|---|
|
9月. 30, 2013
|
|
| Investments, All Other Investments [Abstract] | |
| 金融工具的公允价值 |
金融工具的公允价值
The carrying amounts on the accompanying consolidated balance sheet for cash and cash equivalents, 应收账款, accounts payable and accrued liabilities, and current debt are carried at cost, which approximates market value due to their short-term nature. Long-term debt related to the building loan is carried at cost, which approximates market value based on the borrowing rates currently available to the Company with similar terms and maturities.
At 2013年9月30日, the carrying value of the outstanding debt represented by the Notes was $297.100万年, including the remaining unamortized discount of approximately $3.300万年 related to the October Notes and the remaining unamortized premium of approximately $0.400万年 与十二月票据有关. Based on the quoted market price, the fair value of the Notes was determined to be approximately $315.400万年 at 2013年9月30日.
The fair value of the derivative instruments is computed based on the difference between the prices provided by the fixed-price contracts and forward market prices as of the specified date, as adjusted for basis differentials. Forward market prices for oil are dependent upon supply and demand factors in such forward market and are subject to significant volatility.
|