AFFILIATED COMPUTER SERVICES, INC. AND SUBSIDIARIES 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 
15.  New Accounting Standards 
In May 2003, the Emerging Issues Task Force ("EITF") issued EITF 01 08 " Determining Whether an Arrangement Contains a 
Lease."  EITF 01 08 provides guidance on how to determine whether an arrangement contains a lease that is within the scope 
of  Statement of Financial Accounting Standards No. 13, "Accounting for Leases." The guidance in EITF 01 08 is based on 
whether the arrangement conveys to the purchaser (lessee) the right to use a specific asset. EITF 01 08 is effective for 
arrangements entered into or modified on or after May 28, 2003.  We do not believe that the adoption of EITF 01 08 will have 
a material impact on our financial position or results of operations. 
In May 2003, the FASB issued Statement of Financial Accounting Standards No. 150,  Accounting for Certain Financial 
Instruments with Characteristics of both Liabilities and Equity  ( SFAS 150 ).  SFAS 150 establishes standards for the 
classification and measurement of certain financial instruments with characteristics of both liabilities and equity.  This statement is 
effective for financial instruments entered into or modified after May 31, 2003.  The adoption of SFAS 150 had no effect on our 
financial position or results of operations. 
In January 2003, the FASB issued FASB Interpretation No. 46,  Consolidation of Variable Interest Entities  ( FIN 46 ), an 
interpretation of Accounting Research Bulletin No. 51,  Consolidated Financial Statements,  which addresses the criteria for 
consolidation by business enterprises of variable interest entities. We do not have variable interest entities and therefore, FIN 
46 will have no impact on our financial position or results of operations. 
In November 2002, the FASB issued Interpretation No. 45,  Guarantor's Accounting and Disclosure Requirements for 
Guarantees, Including Indirect Guarantees of Indebtedness to Others  ( FIN 45 ).  FIN 45 requires that a guarantor recognize 
a liability at inception of certain guarantees and disclose certain other types of guarantees, even if the likelihood of requiring 
the guarantor's performance is remote. The initial recognition and measurement provisions of FIN 45 are applicable to 
guarantees issued or modified after December 31, 2002. The disclosure provisions of FIN 45 are effective for financial 
statements that end after December 15, 2002.  The adoption of FIN 45 did not have a material effect on our financial position 
or results of operations. 
16. Comprehensive Income 
Statement of Financial Accounting Standards No. 130,  Reporting Comprehensive Income  ("SFAS 130"), establishes 
standards for reporting and display of comprehensive income and its components in financial statements. The objective of 
SFAS 130 is to report a measure of all changes in equity of an enterprise that result from transactions and other economic 
events of the period other than transactions with owners. Comprehensive income is the total of net income and all other non 
owner changes within a company's equity. 
The components of comprehensive income are as follows (in thousands): 
Year ended June 30, 
 2003 
2002 
2001 
Net income 
$           306,842 
$           229,596 
$       134,292 
Other comprehensive income (loss): 
Foreign currency translation adjustment (net of tax effect 
of $583) 
                   (971) 
                       
              
Unrealized gain (loss) on marketable security 
                       
                   (84) 
                84 
Unrealized gain (loss) on hedging instruments (net of tax 
effect of ($139) and $139, respectively) 
                       
                   216 
             (216) 
Comprehensive income 
$           305,871 
$          229,728 
$       134,160 
The unrealized gain (loss) on marketable security relates to an investment in a marketable security which was sold in June 
2002.  The unrealized gain (loss) on hedging instruments relates to derivative instruments held by us due in fiscal 2002 and 
2001 as described in Note 12. 
54




  

Home

About Services Network Support FAQ Order Contact
 

Web Hosting Ratings

Our partners:Jsp Web Hosting Unlimited Web Hosting Cheapest Web Hosting  Java Web Hosting Web Templates Best Web Templates PHP Mysql Web Hosting Interland Web Hosting Cheap Web Hosting PHP Web Hosting Tomcat Web Hosting Quality Web Hosting Best Web Hosting  Mac Web Hosting 

Lunarwebhost.net  Business web hosting division of Vision Web Hosting Inc. All rights reserved