Recently Issued Accounting Pronouncements

9 Months Ended

Sep. 30, 2011

Recently Issued Accounting Pronouncements

23. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

There were no new accounting pronouncements adopted during the three months ended September 30, 2011 that had a material impact on the unaudited condensed consolidated financial statements, except for ASU No. 2011-05, “Presentation of Comprehensive Income”. The adoption of ASU No. 2011-05 did not have a material impact on the Company’s consolidated financial statements, other than presentation of comprehensive income.