Traduction de «alcon’s year-end closing price » (Néerlandais → Français) :

If Alcon’s year-end closing price had been the only measure used for the impairment test, the value of this investment would have been USD 6.6 billion, or approximately USD 3.8 billion below the year-end carrying value on the Novartis consolidated balance sheet.
Si le test de dépréciation avait été fait uniquement sur la base du cours de clôture de l’action Alcon en fin d’année, la valeur de cet investissement aurait été d'USD 6,6 milliards, soit environ USD 3,8 milliards de moins que sa valeur au bilan consolidé de Novartis en fin d'année.

As a result of the 37% decline in Alcon’s share price at the end of 2008 to USD 89.19 from the price paid for the initial 24.8% stake, Novartis performed an impairment test on the investment’s carrying value. This test assessed the “value in use” to Novartis of this strategic investment by valuing estimated discounted cash flows and future dividend streams from Alcon against the “fair value less costs to sell” of this stake, as measured by the closing price on December 31, 2008, on the NYSE for the 23% publicly traded Alcon shares.
Ce test consiste à comparer la « valeur d’utilité » de cet investissement stratégique pour Novartis sur la base d’une estimation des valeurs actualisées des flux de trésorerie futurs et des flux des dividendes futurs relatifs à la part détenue par Novartis avec la « juste valeur moins les coûts de la vente » sur la base du cours de clôture du 31 décembre 2008 des 23% d’actions Alcon négociées à la Bourse de New York.

The Group’s equity rose by USD 8.8 billion since the prior year-end to USD 66.2 billion at September 30, and includes the 23% Alcon additional non-controlling interests of USD 6.1 billion.
Les fonds propres du Groupe ont progressé d’USD 8,8 milliards depuis la fin de l’exercice précédent à USD 66,2 milliard au 30 septembre et comprennent les intérêts minoritaires de 23% d’Alcon s’élevant à USD 6,1 milliards.

Based on the limited access to Alcon the following accounting implications are estimates and will be finalized for the Novartis 2010 year-end reporting.
En raison de l’accès limité à Alcon, les implications comptables suivantes sont des estimations qui seront précisées dans les comptes de Novartis au quatrième trimestre 2010.

Based on the year-end 2009 share price of CHF 56.50, the dividend yield is 3.7%.
Sur la base du cours de clôture de CHF 56,50 de l’action à fin 2009, le rendement du dividende se situe à 3,7%.

Based on the year-end 2008 share price of CHF 52.70, the dividend yield rises to 3.8% from 2.6% in 2007.
Sur la base du cours de l’action de CHF 52,70 à la fin de l’exercice 2008, le rendement sur dividende de l’action Novartis progresse à 3,8%, contre 2,6% en 2007.

This release contains forward-looking information about an agreement by Pfizer to acquire FoldRx, and about FoldRx’s product candidate tafamidis, its other clinical and preclinical development programs and its technology platform, including their potential benefits, that involves substantial risks and uncertainties. Such risks and uncertainties include, among other things, the satisfaction of conditions to closing the agreement; the uncertainties inherent in research and development; whether and when a new drug application for tafamidis will be filed with the FDA; decisions by regulatory authorities regarding whether and when to approve any drug applications that have been or may be filed for tafamidis and that may be filed for any other product candidates that may be generated by FoldRx’s technology platform as well as their decisions regarding labeling and other matters that could affect the availability or commercial potential of tafamidis and such other product candidates; and competitive developments. A further description of risks and uncertainties can be found in Pfizer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and in its reports on Form 10-Q and Form 8-K.
Such risks and uncertainties include, among other things, the satisfaction of conditions to closing the agreement; the uncertainties inherent in research and development; whether and when a new drug application for tafamidis will be filed with the FDA; decisions by regulatory authorities regarding whether and when to approve any drug applications that have been or may be filed for tafamidis and that may be filed for any other product candidates that may be generated by FoldRx’s technology platform as well as their decisions regarding labeling and other matters that could affect the availability or commercial potential of tafamidis and such other product candidates; and competitive developments.

Based on the Novartis closing share price of CHF 56.50 on December 30, 2009 (the last trading day on the SIX Swiss Stock Exchange before the announcement) and an exchange rate of CHF 1.04 = USD 1.00, this proposal represents an implied price of USD 153 per Alcon share and a 12% premium to Alcon’s unaffected publicly traded share price as determined by Novartis of USD 137 per share.
Sur la base du cours de clôture de l’action Novartis s’élevant à CHF 56,50 au 30 décembre 2009 (le dernier jour de négoce au SIX Swiss Stock Exchange avant l’annonce) et d’un taux de change de CHF 1,04 pour USD 1,00, cette proposition représente un prix implicite d’USD 153 par action Alcon et une prime de 12% sur le cours non affecté d’USD 137 de l’action Alcon négociée en Bourse.