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Supplemental Financial Statement Information
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Apr. 30, 2011
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| Supplemental Financial Statement Information | C. Supplemental financial statement information
Inventories consist of the following:
In addition to inventories on hand, Ferrellgas enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of April 30, 2011, Ferrellgas had committed, for supply procurement purposes, to take delivery of approximately 3.7 million net gallons of propane at fixed prices.
Other current liabilities consist of the following:
Loss on disposal of assets and other consists of the following:
See Note B – Summary of significant accounting policies - (5) New accounting standards – Transfers of financial assets and variable interest entities – for a discussion of changes in accounting for accounts receivable securitization transactions.
Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:
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Ferrellgas, L.P. and Subsidiaries [Member]
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| Supplemental Financial Statement Information | C. Supplemental financial statement information
Inventories consist of the following:
In addition to inventories on hand, Ferrellgas, L.P. enters into contracts primarily to buy propane for supply procurement purposes. Most of these contracts have terms of less than one year and call for payment based on market prices at the date of delivery. All supply procurement fixed price contracts have terms of fewer than 24 months. As of April 30, 2011, Ferrellgas, L.P. had committed, for supply procurement purposes, to take delivery of approximately 3.7 million net gallons of propane at fixed prices.
Other current liabilities consist of the following:
Loss on disposal of assets and other consists of the following:
See Note B – Summary of significant accounting policies - (5) New accounting standards – Transfers of financial assets and variable interest entities – for a discussion of changes in accounting for accounts receivable securitization transactions.
Shipping and handling expenses are classified in the following condensed consolidated statements of earnings line items:
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