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NEW ACCOUNTING STANDARDS
12 Months Ended
Dec. 31, 2011
NEW ACCOUNTING STANDARDS [Abstract]  
NEW ACCOUNTING STANDARDS
NOTE 2 – NEW ACCOUNTING STANDARDS

The Financial Accounting Standards Board has issued Accounting Standards Update (“ASU”) 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities” which will enhance disclosures required by US GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. This information will enable users of an entity's financial statements to evaluate the effect or potential effect of netting arrangements on an entity's financial position. ASU 2011-11 will be effective for us for the annual period beginning January 1, 2013. The adoption of the standard is not expected to have a significant impact on the company's consolidated financial statements.