Be-15(ez) Be-15ez

FORM BE-15(EZ) (REV. 11/2006)

OMB No. 0608-0034: Approval Expires 10/31/2009

BEA Identification Number

ANNUAL SURVEY OF FOREIGN DIRECT INVESTMENT IN
THE UNITED STATES – 2006
(EZ FORM)
MANDATORY — CONFIDENTIAL

DUE DATE: MAY 31, 2007
ELECTRONIC Go to www.bea.gov/astar for details
FILING:
OR
U.S. Department of Commerce
MAIL
Bureau of Economic Analysis
REPORTS
BE-49(A)
TO:
Washington, DC 20230
OR
U.S.
Department
of Commerce
DELIVER
Bureau of Economic Analysis, BE-49(A)
REPORTS
Shipping and Receiving Section, M100
TO:
1441 L Street, NW
Washington, DC 20005

Email:

ASSISTANCE
be12/[email protected]

Telephone:

(202) 606-5577

FAX:

(202) 606-5319

Name and address of U.S. business enterprise – If a label has
been affixed, make any changes directly on the label. If a label has not
been affixed, enter the BEA Identification Number of this U.S. affiliate, if
available, in the box at the upper right hand corner of this page.
Name of U.S. affiliate
1002 0

c/o (care of)
1010 0

Street or P.O. Box
1003 0

City and State
1004 0

ZIP Code

Foreign Postal Code

1005 0

Copies of blank forms:

OR

0

http://www.bea.gov/bea/surveys/fdiusurv.htm

IMPORTANT
Please read the Instructions, starting on page 5, before completing this form. Definitions of key terms used in this report
are found starting on page 5. Insurance and real estate companies see Special Instructions on page 8.
• Who may file Form BE-15(EZ) – Complete Form BE-15(EZ) for 2006 ONLY if you have been instructed in writing to do so
by BEA. A U.S. affiliate that filed Form BE-15(EZ) for a year prior to 2006 is NOT eligible to file Form BE-15(EZ) for 2006.
• Accounting principles – Use U.S. Generally Accepted Accounting Principles (U.S. GAAP) in completing Form
BE-15(EZ) unless otherwise specified by a specific instruction. References in the instructions to Financial Accounting
Standards Board statements are referred to as "FAS." DO NOT use International Financial Reporting Standards or
reporting standards that are not U.S. GAAP.
• U.S. affiliate’s 2006 fiscal year – The affiliate’s financial reporting year that had an ending date in calendar year 2006.
• Consolidated reporting – A U.S. affiliate must file on a fully consolidated domestic U.S. basis, including in the
consolidation all non-bank U.S. affiliates in which it directly or indirectly owns more than 50 percent of the outstanding
voting interest. The consolidation rules are found in instruction IV.2 on page 6.
• Rounding – Report currency amounts in U.S. dollars rounded to thousands (omitting 000).
Do not enter amounts in the shaded portions of each line.
Example – If amount is $1,334,891.00 report as:

Bil.

Mil.

Thous. Dols.

MANDATORY – This survey is being conducted pursuant to the International Investment and Trade in Services Survey Act (P.L.
94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108, as amended – hereinafter "the Act") and the filing of reports is mandatory pursuant to
Section 5(b)(2) of the Act (22 U.S.C. 3104).
CONFIDENTIALITY – The Act provides that your report to this Bureau is CONFIDENTIAL and may be used only for analytical or
statistical purposes. Without your prior written permission, the information filed in your report CANNOT be presented in a manner that
allows it to be individually identified. Your report CANNOT be used for purposes of taxation, investigation, or regulation. Copies retained
in your files are immune from legal process.
PENALTIES – Whoever fails to report shall be subject to a civil penalty of not less than $2,500, and not more than $25,000, and to
injunctive relief commanding such person to comply, or both. These civil penalties are subject to inflationary adjustments. Those
adjustments are found in 15 CFR 6.4. Whoever willfully fails to report shall be fined not more than $10,000 and, if an individual, may be
imprisoned for not more than one year, or both. Any officer, director, employee, or agent of any corporation who knowingly participates in
such violations, upon conviction, may be punished by a like fine, imprisonment or both (22 U.S.C. 3105).
Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be subject to a penalty for
failure to comply with, a collection of information subject to the requirements of the Paperwork Reduction Act, unless that collection of
information displays a currently valid OMB Control Number.
PERSON TO CONSULT CONCERNING QUESTIONS
ABOUT THIS REPORT — Enter name and address
Name

CERTIFICATION — The undersigned official certifies that
this report has been prepared in accordance with the
applicable instructions, is complete, and is substantially
accurate except that, in accordance with instruction III.D. on
page 6, estimates may have been provided.

1000 0

Address 1029 0
1030 0
1031 0

TELEPHONE
NUMBER
FAX NUMBER

Authorized official’s signature

1001

0 Area code

Number

0999

0 Area code

Number

Date

Print or type name and title

Extension

Telephone number

FAX number

May we use e-mail to correspond with you to discuss questions relating to this Form BE-15(EZ), including questions that may contain
information about your company that you may consider confidential? (Note that electronic mail is not inherently confidential; we will treat
information we receive as confidential, but your e-mail is not necessarily secure against interception by a third party.)
1027

1
1

1
2

Yes (If yes, please provide your e-mail address.)
No

E-mail address
0
1028

PLEASE CONTINUE ON PAGE 2

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BE-15(EZ), Page 1, Pantone 109 Yellow, 10%

PART I – IDENTIFICATION OF U.S. AFFILIATE
Additional Instructions by line item are at the back of this form starting with Section IV of the
instructions on page 6.
1. What financial reporting standards were used to complete this BE-15 report?
NOTE: Unless it is highly burdensome or not feasible, the BE-15 report should be completed using
U.S. Generally Accepted Accounting Principles (U.S. GAAP).
1399 1
1

1

1
2

3

U.S. Generally Accepted Accounting Principles
International Financial Reporting Standards or other reporting standards, but with adjustments
to correct for any material differences between U.S. GAAP and the reporting standards used.
Specify the reporting standards used.

International Financial Reporting Standards or other reporting standards, but without
adjustments to correct for any material differences between U.S. GAAP and the reporting
standards used. Specify the reporting standards used.

2. Consolidated reporting by the U.S. affiliate – The consolidation rules are found in instruction 2 on page 6.
Is more than 50 percent of the voting interest in this U.S. affiliate owned by another
U.S. affiliate of your foreign parent?
1400 1

1

1

Yes – If "Yes" – Do not complete this report unless exception 2e described in the consolidation rules
on page 6 applies. If this exception does not apply, please forward this BE-15 survey packet to the U.S.
business enterprise owning your company more than 50 percent, and notify BEA of the action taken by
filing Form BE-15 Supplement C with item 2(b) completed on page 3 of that form. The BE-15
Supplement C can be downloaded from our web site at: http://www.bea.gov/bea/surveys/fdiusurv.htm

2

No – If "No" – Complete this report in accordance with the consolidation rules in instruction 2 on page 6.

3. Enter Employer Identification Number(s) used by the U.S. affiliate to file income and payroll taxes.
Primary

Other

1006 1

2

4. REPORTING PERIOD – Reporting period instructions are found in
instruction 4 starting on page 6.

Month
1007

Day

Year

1

This U.S. affiliate’s financial reporting year ended in calendar year 2006 on
Example – If the financial reporting year ended on March 31, report for the 12-month period ended March 31, 2006.
5. Did the U.S. business enterprise become a U.S. affiliate
during its fiscal year that ended in calendar year 2006?
1008 1

1

1
2

Yes – If "Yes" – Enter date U.S. business enterprise became a
U.S. affiliate and see instruction 5 on page 7.
No

Month

Day

Year

1009 1

FOREIGN PARENT AND UBO INDUSTRY CODES
Note: "ISI codes" are International Surveys Industry codes, as given in the Guide to
Industry and Foreign Trade Classifications for International Surveys, 2002.
01

Government and government-owned or
-sponsored enterprise, or quasi-government
organization or agency

02

Pension fund — Government run

03

Pension fund — Privately run

04

Estate, trust, or nonprofit organization (that
part of ISI code 5252 that is estates and
trusts)

05 Individual
Private business enterprise, investment
organization, or group engaged in:
06 Insurance (ISI codes 5242, 5243, 5249)
07 Agriculture, forestry, fishing and hunting
(ISI codes 1110–1140)
08 Mining (ISI codes 2111–2127)
09 Construction (ISI codes 2360–2380)
10 Transportation and warehousing (ISI codes
4810–4939)

13 Banking, including bank holding companies
(ISI codes 5221 and 5229)

24

Nonmetallic mineral products
(ISI codes 3271–3279)

14 Holding companies, excluding bank holding
companies (ISI codes 5512 and 5513)

25

Primary and fabricated metal products
(ISI codes 3311–3329)

15 Other finance (ISI codes 5223, 5224, 5231,
5238, that part of ISI code 5252 that is not
estates and trusts, and ISI code 5331)
16 Real estate (ISI code 5310)

26

Computer and electronic products
(ISI codes 3341–3346)

27

Machinery manufacturing
(ISI codes 3331–3339)

17 Information (ISI codes 5111–5191)
28
18 Professional, scientific, and technical services
(ISI codes 5411–5419)
29
19 Other services (ISI codes 1150, 2132, 2133,
5321, 5329, and 5611–8130)
30
Manufacturing, including fabricating,
assembling, and processing of goods:
20 Food (ISI codes 3111–3119)
21 Beverages and tobacco products
(ISI codes 3121 and 3122)

11

Utilities (ISI codes 2211–2213)

22 Pharmaceuticals and medicine
(ISI code 3254)

12

Wholesale and retail trade (ISI codes
4231–4251 and 4410–4540)

23 Other chemicals (ISI codes 3251–3259,
except 3254)

FORM BE-15(EZ) (REV. 11/2006)

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Electrical equipment, appliances and
components (ISI codes 3351–3359)
Motor vehicles and parts
(ISI codes 3361–3363)
Other transportation equipment
(ISI codes 3364–3369)

31 Other manufacturing (ISI codes 3130–3231,
3261, 3262, 3370–3399)
32 Petroleum manufacturing, including
integrated petroleum and petroleum refining
without extraction (ISI codes 3242–3244)

Page 2

BE-15(EZ), Page 2, Pantone 109 Yellow, 10% and 100%

PART I – IDENTIFICATION OF U.S. AFFILIATE – Continued
Ownership – Enter percent of ownership in this U.S. affiliate, to a tenth of one percent, based
on voting interest if an incorporated affiliate or an equivalent interest if an unincorporated affiliate.
"Voting interest" is defined in instruction 6a on page 7.
Foreign parent – A foreign parent is the FIRST person or entity outside the U.S. in a chain of
ownership that has an investment (direct or indirect) in this U.S. affiliate.

REPORTING PERIOD
Country of incorporation
or organization, if a
business enterprise, or
residence, if an
Close FY 2006 Close FY 2005
individual. For
individuals, see
instruction 6b on page 7.
(1)
(2)

Ownership held directly by foreign parents of
this affiliate – Give name of each foreign parent with
direct ownership. (If more than 2, continue on a separate
sheet.)

1

6.

2

1

7.
Ownership held indirectly by foreign parents of
this U.S. affiliate through another U.S. affiliate –
Give name of each higher tier U.S. affiliate that owns this
U.S. affiliate. (If more than 2, continue on a separate sheet.)

%

Country of foreign
parent of U.S.
affiliate

8.

2

3

%
1

%
2

1061

TOTAL of ownership interests —
Sum of items 6 through 10

%
2

1064

Ownership held directly by all other persons
(do not list names)

3

%

1063
1

11.

3

%

1

9.
10.

%
2

1018

(3)
3

%

1017

BEA
USE
ONLY

%

%

100.0%

100.0%

Enter the name and industry code of the foreign parent. If there is more than one foreign
parent, list each and its industry code on a separate sheet.

11a. Enter name of foreign parent. If the foreign parent is an individual enter "individual."
0
3011

11b. Enter the foreign parent industry code, from the list of codes at the bottom of page 2, which best
describes the PRIMARY activity of the SINGLE entity named as the foreign parent. DO NOT base the code on the
world-wide sales of all consolidated subsidiaries of the foreign parent.
1
3018

12.

For each foreign parent, furnish the name, country, and industry code of the ultimate beneficial owner (UBO). If
there is more than one foreign parent, list each on a separate sheet and give the name of its UBO, and the UBO’s
country and industry codes. The UBO is that person or entity, proceeding up the ownership chain beginning with and
including the foreign parent, that is not more than 50 percent owned or controlled by another person or entity. See
Instruction II.Q. on page 6 for the complete definition of UBO.

12a. Is the foreign parent also the UBO? If the foreign parent is owned or controlled more than 50 percent by
another person or entity, then the foreign parent is NOT the UBO.
3019 1
1

1
2

Yes – Skip to 12d.
No – Continue with 12b.

12b. Enter the name of the UBO of the foreign parent. If the UBO is an individual, enter "individual."
Identifying the UBO as "bearer shares" is not an acceptable response.
3021

0

12c. Enter country of UBO. For individuals, see instruction 6b on page 7.

BEA USE ONLY
3022 1

12d. Enter the industry code of the UBO from the list of codes at the bottom of page 2. NOTE – The UBO
industry code is based on the consolidated world-wide activities of all majority-owned subsidiaries of the UBO.
Select the industry code that best reflects the consolidated world-wide sales of all majority-owned subsidiaries of
the UBO.
3023

1

Code "14" (holding company) is normally NOT a valid UBO industry code.

PLEASE CONTINUE WITH QUESTION 13 ON PAGE 4

FORM BE-15(EZ) (REV. 11/2006)

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Page 3

BE-15(EZ), Page 3, Pantone 109 Yellow, 10% and 100%

PART II – SELECTED FINANCIAL AND OPERATING DATA OF U.S. AFFILIATE
Report amounts and other data for the fiscal year that had an ending date in calendar year 2006.
13. Major product(s) or service(s) of fully consolidated U.S. affiliate – Briefly describe the major
product(s) and/or service(s) of the U.S. affiliate. If a product, also state what is done to it, i.e., whether it is
mined, manufactured, sold at wholesale, transported, packaged, etc. (For example, "manufacture widgets.")
1163 00

14. Industry of this affiliate – Enter the 4-digit International Surveys Industry (ISI) code
of the industry with the largest sales or gross operating revenues.
For a full explanation of each code see the Guide to Industry and Foreign Trade
Classifications for International Surveys, 2002. A copy of this guide can be found on our
web site at: www.bea.gov/bea/surveys/2002be799print.pdf

ISI Code
1
1164

Amount
(1)

15. Total sales or gross operating revenues, excluding sales taxes
Report gross sales minus returns, allowances, and discounts; or gross operating
revenues. Exclude sales or consumption taxes levied directly on the consumer and
excise taxes levied directly on manufacturers, wholesalers, and retailers. Include
revenues generated during the year from the OPERATIONS of a discontinued business
segment, but exclude gains or losses from DISPOSALS of discontinued operations.
Holding Companies (ISI code 5512) should report total income on this line including
income (loss) from equity investments in unconsolidated U.S. affiliates and all foreign
entities, certain realized and unrealized gains and losses, other income, plus sales and
gross operating revenues, if any. Zero normally is NOT a correct entry for this line.

Bil.

Mil.

Thous. Dols.

1
2149

$

BALANCE SHEET ITEMS
NOTE – Foreign operations in which you own an interest of 20 percent or more, including those in which you
own a majority interest, are to be deconsolidated. Include all unconsolidated businesses on an equity basis or, if
less than 20 percent owned, in accordance with FAS 115 or the cost method of accounting.
Amount
(1)
Bil.

Mil.

Thous. Dols.

1

16. Total assets

2109

$

1 3

1

17. Total liabilities

2114

Please check box if total liabilities are zero.

$

Amount
(1)
Bil.

Mil.

Thous. Dols.

1

18. Net income (loss) – After provision for U.S. Federal, State, and local income taxes.

2159

$
Number

19. Number of employees at close of FY 2006 – Reporting employment (including how to
report when employment is subject to unusual variations) is discussed in instruction 19 on
page 7.

3

2700

Amount
(1)
Bil.

20. Total employee compensation for FY 2006 – Employee compensation is defined
in instruction 20 on page 7.

Mil.

Thous. Dols.

1
2253

$
5

19. Gross book value (at historical cost) of all land and other property, plant, and
equipment, at the close of the fiscal year that ended in calendar year 2006.
20. Research and development (R&D) expenditures for R&D performed BY the
U.S. affiliate – R&D is defined in instruction 22 on page 7.

2799

$
1

2403

$
1

BEA USE ONLY
1299

Remarks

BEA USE ONLY
1

2

3

4

5

1

2

3

4

5

1

2

3

4

5

1

2

3

4

5

1200
1201
1202
1203

FORM BE-15(EZ) (REV. 11/2006)

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Page 4

BE-15(EZ), Page 4, Pantone 109 Yellow, 10% and 100%

ANNUAL SURVEY OF
FOREIGN DIRECT INVESTMENT IN THE UNITED STATES – 2006
BE-15(EZ) INSTRUCTIONS
NOTE: Instructions in section IV are cross referenced by number to the items located on pages 2 to 4 of this form.
Authority – This survey is being conducted pursuant to the
International Investment and Trade in Services Survey Act (P.L.
94-472., 90 Stat. 2059, 22 U.S.C. 3101-3108, as amended, hereinafter
"the Act"), and the filing of reports is MANDATORY pursuant to
Section 5(b)(2) of the Act (22 U.S.C.3104).

Beneficial, not record, ownership is the basis of the reporting criteria.
Voting securities, voting stock, and voting interest all have the same
general meaning and are used interchangeably throughout these
instructions and the report forms.
Real Estate – See instruction V.C on page 8 for special reporting
requirements.

The publication in the Federal Register of the notice implementing
this survey is considered legal notice to covered U.S. business
enterprises of their obligation to report. Therefore, a response is
required from persons subject to the reporting requirements of the
BE-15 survey, whether or not they are contacted by BEA. Also, a
person contacted by BEA concerning their being subject to reporting,
either by sending them a report form or by written inquiry, must
respond in writing pursuant to section 806.4 of 15 CFR, Chapter VIII,
or must respond electronically using BEA’s Automated Survey
Transmission and Retrieval (ASTAR) system. This may be
accomplished by completing and submitting Form BE-15(EZ),
BE-15(LF), BE-15(SF), or BE-15 Supplement C by May 31, 2007,
whichever is applicable.

Airline and ship operators – U.S. stations, ticket offices, and
terminal and port facilities of foreign airlines and ship operators that
provide services ONLY to the foreign airlines’ and ship operators’ own
operation are not required to report. Reports are required when such
enterprises produce significant revenues from services provided to
unaffiliated persons.
II. DEFINITIONS
A. United States, when used in a geographic sense, means the
several States, the District of Columbia, the Commonwealth of
Puerto Rico, and all territories and possessions of the United States.
B. Foreign, when used in a geographic sense, means that which is
situated outside the United States or which belongs to or is
characteristic of a country other than the United States.

Respondent Burden – Public reporting burden for this EZ form is
estimated to vary from 1 to 3 hours per response, with an average of
1.5 hours per response, including the time for reviewing instructions,
searching existing data sources, gathering and maintaining the data
needed, and completing and reviewing the collection of information.
Send comments regarding this burden estimate or any other aspect of
this collection of information, including suggestions for reducing this
burden, to Director, Bureau of Economic Analysis (BE-1), U.S.
Department of Commerce, Washington, DC 20230; and to the Office of
Management and Budget, Paperwork Reduction Project 0608-0034,
Washington, DC 20503.

C. Person, means any individual, branch, partnership, association,
associated group, estate, trust, corporation, or other organization
(whether or not organized under the laws of any State), and any
government (including a foreign government, the U.S. Government, a
State or local government, and any agency, corporation, financial
institution, or other entity or instrumentality thereof, including a
government sponsored agency).
D. Associated group means two or more persons who, by the
appearance of their actions, by agreement, or by an understanding,
exercise their voting privileges in a concerted manner to influence
the management of a business enterprise. The following are deemed
to be associated groups:

I. REPORTING REQUIREMENTS
Who must report – Complete Form BE-15(EZ) for 2006
ONLY if you have been instructed in writing to do so by
BEA. If a U.S. affiliate filed Form BE-15(EZ) for a prior year it is not
eligible to file Form BE-15(EZ) for 2006. If none of the items – Total
assets, Sales or gross operating revenues, or Net income (loss) – for
the U.S. affiliate (not just the foreign parent’s share) exceeded $30
million at the end of, or for, its 2006 fiscal year, complete Form
BE-15 Supplement C. Following an initial filing, the BE-15
Supplement C is not required annually from those nonbank U.S.
affiliates that meet the stated exemption criteria from year to year.

1. Members of the same family.
2. A business enterprise and one or more of its officers or directors.
3. Members of a syndicate or joint venture.
4. A corporation and its domestic subsidiaries.
E. Foreign person means any person resident outside the United
States or subject to the jurisdiction of a country other than the United
States.

A BE-15 report is required for each nonbank U.S. affiliate, i.e., for
each nonbank U.S. business enterprise in which a foreign person
owned or controlled, directly or indirectly, 10 percent or more of the
voting securities if an incorporated U.S. business enterprise, or an
equivalent interest if an unincorporated U.S. business enterprise, at
the end of the business enterprise’s fiscal year that ended in calendar
year 2006.

F. Direct investment means the ownership or control, directly or
indirectly, by one person of 10 percent or more of the voting
securities of an incorporated business enterprise or an equivalent
interest in an unincorporated business enterprise.
G. Foreign direct investment in the United States means the
ownership or control, directly or indirectly, by one foreign person of
10 percent or more of the voting securities of an incorporated U.S.
business enterprise or an equivalent interest in an unincorporated
U.S. business enterprise, including a branch.

Foreign ownership interest – All direct and indirect lines of
ownership held by a foreign person in a given U.S. business
enterprise must be summed to determine if the enterprise is a U.S.
affiliate of the foreign person for purposes of reporting.

H. Business enterprise means any organization, association,
branch, or venture which exists for profit making purposes or to
otherwise secure economic advantage, and any ownership of any
real estate.
I. Branch means the operations or activities conducted by a person in
a different location in its own name rather than through an
incorporated entity.

Indirect ownership interest in a U.S. business enterprise is
the product of the direct ownership percentage of the foreign parent in
the first U.S. business enterprise in the ownership chain multiplied by
that first enterprise’s direct ownership percentage in the second U.S.
business enterprise multiplied by each succeeding direct ownership
percentage of each other intervening U.S. business enterprise in the
ownership chain between the foreign parent and the given U.S.
business enterprise.
Example: In the diagram below, foreign person A owns 100% of the
voting stock of U.S. affiliate B; U.S. affiliate B owns 50% of the voting
stock of U.S. affiliate C; and U.S. affiliate C owns 25% of the voting
stock of U.S. affiliate D. Therefore, U.S. affiliate B is 100% directly
owned by foreign person A; U.S. affiliate C is 50% indirectly owned by
foreign person A; and U.S. affiliate D is 12.5% indirectly owned by
foreign person A.

J. Affiliate means a business enterprise located in one country
which is directly or indirectly owned or controlled by a person of
another country to the extent of 10 percent or more of its voting
securities for an incorporated business enterprise or an equivalent
interest for an unincorporated business enterprise, including a branch.
K. U.S. affiliate means an affiliate located in the United States in
which a foreign person has a direct investment.
1. Majority-owned U.S. affiliate means a U.S. affiliate in which
the combined direct and indirect voting interest of all foreign
parents of the U.S. affiliate exceeds 50 percent.

Calculation of Foreign Ownership
Foreign person A

Foreign
U.S.

2. Minority-owned U.S. affiliate means a U.S. affiliate in which
the combined direct and indirect voting interest of all foreign
parents of the U.S. affiliate is 50 percent or less.

↓

100%
U.S. affiliate B
100% directly owned
by foreign person A

L. Foreign parent means the foreign person, or the first person
outside the United States in a foreign chain of ownership, which has
direct investment in a U.S. business enterprise, including a branch.

↓

50%
U.S. affiliate C
100% x 50% = 50% indirectly
owned by foreign person A

M. Affiliated foreign group means (i) the foreign parent, (ii) any
foreign person proceeding up the foreign parent’s ownership chain,
which owns more than 50 percent of the person below it up to and
including that person which is not owned more than 50 percent by
another foreign person, and (iii) any foreign person proceeding down
the ownership chain(s) of each of these members, which is owned
more than 50 percent by the person above it.

↓

25%
U.S. affiliate D
100% x 50% x 25% = 12.5%
indirectly owned by foreign person A

N. Foreign affiliate of a foreign parent means, with reference to a
given U.S. affiliate, any member of the affiliated foreign group owning
the U.S. affiliate that is not a foreign parent of the U.S. affiliate.

A report is required even though the foreign person’s voting interest in
the U.S. business enterprise may have been established or acquired
during the reporting period.

O. U.S. corporation means a business enterprise incorporated in
the United States.
P. Intermediary means any agent, nominee, manager, custodian,
trust, or any person acting in a similar capacity.

BE-15(EZ) (REV. 11/2006)

Page 5

a. DO NOT CONSOLIDATE FOREIGN SUBSIDIARIES,
BRANCHES, OPERATIONS, OR INVESTMENTS NO
MATTER WHAT THE PERCENTAGE OWNERSHIP.
Include foreign holdings owned 20 percent or more (including
those that are majority-owned) using the equity method of
accounting. DO NOT eliminate intercompany accounts for
investments reported using the equity method.

II. DEFINITIONS – Continued
Q. Ultimate beneficial owner (UBO) is that person, proceeding
up the ownership chain beginning with and including the foreign
parent, that is not more than 50 percent owned or controlled by
another person. (A person who creates a trust, proxy, power of
attorney, arrangement, or device with the purpose or effect of
divesting such owner of the ownership of an equity interest as part
of a plan or scheme to avoid reporting information, is deemed to
be the owner of the equity interest.) Note: Stockholders of a
closely or privately held corporation are normally considered to be
an associated group and may be a UBO.

b. Do not consolidate banking activities. If the nonbank
U.S. affiliate reporting on Form BE-15(EZ) has a direct or
indirect ownership interest in a U.S. bank, bank holding
company (BHC), or any other banking activity, such as a U.S.
wholesale or limited purpose bank, DO NOT consolidate those
banking activities into the Form BE-15(EZ). Banks are not
required to file a separate BE-15 report.

R. Banking covers business enterprises engaged in deposit banking
or closely related functions, including commercial banks, Edge Act
corporations engaged in international or foreign banking, foreign
branches and agencies of U.S. banks whether or not they accept
deposits abroad, U.S. branches and agencies of foreign banks
whether or not they accept domestic deposits, savings and loans,
savings banks, bank holding companies, and financial holding
companies under the Gramm-Leach-Bliley Act.
S. Lease is an arrangement conveying the right to use property, plant,
or equipment, (i.e., land and/or depreciable assets), usually for a
stated period of time.

Include on Form BE-15(EZ) any banking operations owned 20
percent or more (including those that are majority-owned) using
the equity method of accounting. DO NOT eliminate intercompany
accounts for banking operations reported using the equity
method.
For BE-15 reporting purposes, treat Financial Holding Companies
in the same manner as you would treat a BHC.

1. Capital lease – A long term lease under which a sale of the asset
is recognized at the inception of the lease. These may be shown as
lease contracts or accounts receivable on the lessor’s books. The
assets would not be considered as owned by the lessor.
2. Operating lease – Generally, a lease with a term which is less
than the useful life of the asset and a transfer of ownership is not
contemplated.
T. U.S. affiliate’s 2006 fiscal year is the affiliate’s financial
reporting year that had an ending date in calendar year 2006.
III. GENERAL INSTRUCTIONS
A. Accounting methods and records – Follow U.S. Generally
Accepted Accounting Principles (U.S. GAAP) when preparing the
BE-15 report unless otherwise specified by a specific instruction.
Prepare reports for unincorporated U.S. business enterprises on
an equivalent basis.
B. Changes in the reporting entity – DO NOT restate close
fiscal year 2005 balances for changes in the consolidated reporting
entity that occurred during fiscal year 2006. The close fiscal year
2005 balances should represent the reporting entity as it existed at
the close of fiscal year 2005.

c. Special consolidation rules apply to U.S. affiliates
that are limited partnerships or that have an
ownership interest in a U.S. limited partnership.
These rules can be found on our web site at
www.bea.gov/bea/surveys/fdiusfaq.htm#1. Scroll to
the heading "BE-15-Annual Survey Report --" and click on the
question "How do I report if I am a limited partnership or have
an ownership interest in a limited partnership?"
d. You must submit a request in writing EACH YEAR
to BEA in order to receive permission to file
separately for any U.S. affiliate that should
otherwise be consolidated. Report such affiliates, if not
consolidated, on Form BE-15(EZ) using the equity method of
accounting. DO NOT eliminate intercompany accounts for
such affiliates not consolidated. In accordance with FAS 94,
consolidation of majority-owned subsidiaries is required even
if their operations are not homogeneous with those of the U.S.
affiliate that owns them.
e. A U.S. affiliate in which a direct ownership interest and an
indirect ownership interest are held by different foreign
persons should not be fully consolidated into another U.S.
affiliate, but must complete and file its own BE-15 report. (See
diagram below.)

C. Required information not available – Make all reasonable
efforts to obtain the information required for reporting. Answer
every question except where specifically exempt. Indicate when
only partial information is available.

Foreign person B

Foreign person A

Foreign

D. Estimates – If actual figures are not available, please provide
estimates and label them as such. When items cannot be fully
subdivided as required, provide totals and an estimated breakdown
of the totals. Information necessary to complete some of the items
on Form BE-15(EZ) may not be available from a company’s
customary accounting records. Precise answers for these items
may present the respondent with a substantial burden beyond what
is intended by BEA. Therefore, the answers may be reasonable
estimates based upon the informed judgement of persons in the
responding organization, sampling techniques, prorations based on
related data, etc. However, the estimating procedures used should
be consistently applied on all BEA surveys.
E. Space on form insufficient – When space on a form is
insufficient to permit a full answer to any item, provide the
required information on supplementary sheets, appropriately
labeled and referenced to the item number on the form.

100%
U.S. affiliate X

>

U.S.
30%

>

60%
> U.S. affiliate Y
U.S. affiliate Y may not be fully consolidated into U.S.
affiliate X because of the 30 percent direct ownership by
foreign person B.
If this exception applies, reflect the indirect ownership interest,
even if more than 50 percent, on the owning U.S. affiliate’s
BE-15 report on an equity basis. For example, using the
situation shown in the diagram above, U.S. affiliate X must treat
its 60 percent ownership interest in U.S. affiliate Y as an equity
investment.

IV. INSTRUCTIONS FOR SPECIFIC SECTIONS
OF THE REPORT FORM

4. Reporting period – The report covers the U.S. affiliate’s 2006
fiscal year. The affiliate’s 2006 fiscal year is defined as the
affiliate’s financial reporting year that had an ending date in
calendar year 2006.

NOTE: Instructions in section IV are cross referenced by number to the
items located on pages 2 to 4 of this form.
PART I – IDENTIFICATION OF U.S. AFFILIATE

Special Circumstances:

2. Consolidation Rules

a. 52/53 week fiscal year – Affiliates having a "52/53
week" fiscal year that ends within the first week of January
2007 are considered to have a 2006 fiscal year and should
report December 31, 2006 as their 2006 fiscal year end.

Consolidated reporting by the U.S. affiliate – A U.S.
affiliate must file on a fully consolidated domestic U.S. basis,
including in the full consolidation all nonbank U.S. business
enterprises in which it directly or indirectly owns more than 50
percent of the outstanding voting interest. The fully consolidated
entity is considered one U.S. affiliate.

b. U.S. affiliates without a financial reporting year –
If a U.S. affiliate does not have a financial reporting year, its
fiscal year is deemed to be the same as calendar year 2006.

A foreign person holding real estate investments that are reportable
on the BE-15 must aggregate all such holdings. See Instruction V.C.
on page 8 for details.
Do not prepare your BE-15 report using the proportionate consolidation method. Except as noted in b. through e. below, consolidate all
majority-owned U.S. affiliates into your BE-15 report.

c. Change in fiscal year
(1) New fiscal year ends in calendar year 2006 – A
U.S. affiliate that changed the ending date of its financial
reporting year should file a 2006 BE-15 report that
covers the 12 month period prior to the new fiscal
year end date. The following example illustrates the
reporting requirements.
Example 1: U.S. affiliate A had a June 30, 2005 fiscal
year end date but changed its 2006 fiscal year end date to
March 31. Affiliate A should file a 2006 BE-15 report
covering the 12 month period from April 1, 2005 to
March 31, 2006.

Unless the exceptions discussed in items a, b, c, or e
below apply, any deviation from these consolidation
rules must be approved in writing each year by BEA.
Exceptions to consolidated reporting – Note: If a U.S.
affiliate is not consolidated into its U.S. parent’s BE-15 report, then it
must be listed on the Supplement B of its parent’s BE-15 report
and each nonbank U.S. affiliate must file its own Form BE-15(LF),
or BE-15(SF).

BE-15(EZ) (REV. 11/2006)

Page 6

IV. INSTRUCTIONS FOR SPECIFIC SECTIONS
OF THE REPORT FORM – Continued

PART II – SELECTED FINANCIAL AND OPERATING DATA
OF U.S. AFFILIATE
19. Number of employees at close of FY 2006 –
Employment is the number of full-time and part-time employees
on the payroll at the end of FY 2006, excluding contract workers
and other workers not carried on the payroll of the U.S. affiliate. A
count taken during, rather than at the end of, FY 2006 may be
used provided it is a reasonable estimate for the end of FY 2006
number. If employment at the end of FY 2006, or the count taken
at some other time during FY 2006, was unusually high or low
because of temporary factors (e.g., a strike), give the number of
employees that reflects normal operations. If the business
enterprise’s activity involves large seasonal variations, give the
average number of employees for FY 2006. If given, the average
should be the average for FY 2006 of the number of persons on
the payroll at the end of each payroll period, month, or quarter. If
precise figures are not available, give your best estimate.

(2) No fiscal year ending in calendar year 2006 – If
a change in fiscal year results in a U.S. affiliate not
having a fiscal year that ended in calendar 2006, the
affiliate should file a 2006 BE-15 report that
covers 12 months. The following example illustrates
the reporting requirements.
Example 2: U.S. affiliate B had a December 31, 2005 fiscal
year end date but changed its next fiscal year end date to
March 31. Instead of having a short fiscal year ending in
2006, affiliate B decides to have a 15 month fiscal year
running from January 1, 2006 to March 31, 2007. Affiliate B
should file a 2006 BE-15 report covering a 12 month period
ending in calendar year 2006, such as the period from
April 1, 2005 to March 31, 2006.
For 2007, assuming no further changes in the fiscal year
end date occur, affiliate B should file a BE-15 report
covering the 12 month period from April 1, 2006 to
March 31, 2007.

20. Total employee compensation – Base compensation on
payroll records. Employee compensation must cover
compensation charged as an expense on the income statement,
charged to inventories, or capitalized during the reporting period.
Exclude employee compensation related to activities of a prior
period, such as compensation capitalized or charged to
inventories in prior periods. Employee compensation consists of:

5. Reporting requirements for a U.S. business enterprise
that became a U.S. affiliate during fiscal year 2006 –
a. A U.S. business enterprise that was newly
established in fiscal year 2006 should file a report for
the period starting with the establishment date up to, and
ending on, the last day of its fiscal year that ended in calendar
year 2006. DO NOT estimate amounts for a full year of
operations if the first fiscal year is less than 12 months.

a. Wages and salaries – are the gross earnings of all
employees before deduction of employees’ payroll
withholding taxes, social insurance contributions, group
insurance premiums, union dues, etc. Include time and
piece rate payments, cost of living adjustments, overtime
pay and shift differentials, bonuses, profit sharing
amounts, and commissions. Exclude commissions paid
to persons who are not employees.

b. A U.S. business enterprise existing before fiscal year
2006 that became a U.S. affiliate in fiscal year 2006
should file a report covering a full 12 months of operations.

Wages and salaries include direct payments by employers
for vacations, sick leave, severance (redundancy) pay, etc.
Include employer contributions to benefit funds. Exclude
payments made by, or on behalf of, benefit funds rather
than by the employer.

6a. Voting interest and Equity interest
(1) Voting interest– is the percent of ownership in the voting
equity of the U.S. affiliate. Voting equity consists of ownership
interests that have a say in the management of the company.
Examples of voting equity include capital stock that has voting
rights, and a general partner’s interest in a partnership.
(2) Equity interest – is the percent of ownership in the total
equity (voting and nonvoting) of the U.S. affiliate. Nonvoting
equity consists of ownership interests that do not have a say in
the management of the company. An example of nonvoting
equity is preferred stock that has no voting rights. Another
example is a limited partner’s interest in a limited partnership.

Wages and salaries include in-kind payments, valued at their
cost, that are clearly and primarily of benefit to the
employees as consumers. Exclude expenditures that
benefit employers as well as employees, such as
expenditures for plant facilities, employee training programs,
and reimbursement for business expenses.
b. Employee benefit plans – are employer expenditures for
all employee benefit plans, including those required by
government statute, those resulting from a
collective-bargaining contract, or those that are voluntary.
Employee benefit plans include Social Security and other
retirement plans, life and disability insurance, guaranteed sick
pay programs, workers’ compensation insurance, medical
insurance, family allowances, unemployment insurance,
severance pay funds, etc. If plans are financed jointly by the
employer and the employee, include only the contributions of
the employer.

Voting interest and equity interest are not always
equal. For example, an owner can have a 100 percent voting
interest in a U.S. affiliate but own less than 100 percent of the
affiliate’s total equity. This situation is illustrated in the following
example.
Example: U.S. affiliate A has two classes of stock, common and
preferred. There are 50 shares of common stock outstanding. Each
common share is entitled to one vote and has an ownership
interest in 1 percent of the total owners’ equity amount. There are
50 shares of preferred stock outstanding. Each preferred share
has an ownership interest in 1 percent of the total owners’ equity
amount but has no voting rights. Foreign parent B owns all 50
shares of the common stock. U.S. investors own all 50 shares
of the preferred stock. Because foreign parent B owns all of the
voting stock, foreign parent B has a 100 percent voting interest in
U.S. affiliate A. However, because all 50 of the nonvoting preferred
shares are owned by U.S. investors, foreign parent B has only a 50
percent interest in the owners’ equity amount of U.S. affiliate A.

22. Research and development expenditures – Report all
research and development (R&D) performed BY the U.S. affiliate
for its own account or for others, including the foreign parent and
foreign affiliates of the foreign parents. Exclude the cost of all
R&D funded by the U.S. affiliate but performed by others.
R&D includes basic and applied research in the sciences and
engineering. It also includes design and development of new
products and processes, and enhancement of existing products
and processes.

6b. Determining place of residence and country of
jurisdiction of individuals – An individual is considered a
resident of, and subject to the jurisdiction of, the country in which
he or she is physically located. The following guidelines apply to
individuals who do not reside in their country of citizenship.

R&D includes activities carried on by persons trained, either
formally or by experience, in the physical sciences such as
chemistry and physics, the biological sciences such as medicine,
and engineering and computer science. R&D includes these
activities if the purpose is to do one or more of the following things:

(1) Individuals who reside, or expect to reside, outside their
country of citizenship for less than one year are considered to
be residents of their country of citizenship.
(2) Individuals who reside, or expect to reside, outside their
country of citizenship for one year or more are considered to
be residents of the country in which they are residing, except
as provided in paragraphs (3) and (4) below.

a. Pursue a planned search for new knowledge, whether or
not the search has reference to a specific application. (Basic
Research);
b. Apply existing knowledge to problems involved in the
creation of a new product or process, including work
required to evaluate possible uses. (Applied research); or

(3) If an owner or employee of a business enterprise resides
outside the country of location of the enterprise for one year or
more for the purpose of furthering the business of the
enterprise, and the country of the business enterprise is the
country of citizenship of the owner or employee, then the
owner or employee is considered a resident of the country of
citizenship, provided there is the intent to return to the country
of citizenship within a reasonable period of time.
(4) Individuals and members of their immediate family who are
residing outside their country of citizenship as a result of
employment by the government of that country - diplomats,
consular officials, members of the armed forces, etc. - are
considered to be residents of their country of citizenship.

BE-15(EZ) (REV. 11/2006)

c. Apply existing knowledge to problems involved in the
improvement of a present product or process.
(Development)
R&D includes the activities described above whether assigned
to separate R&D organizational units of the company or carried
out by company laboratories and technical groups not a part of
an R&D organization.

Page 7

V. SPECIAL INSTRUCTIONS
1. If the foreign interest in the U.S. affiliate is directly held by the
foreign person, then a BE-15 report must be filed by the affiliate
(subject to the exemption criteria and aggregation rules
discussed above).

A. Insurance companies – Reporting should be in accordance with
U.S. Generally Accepted Accounting Principles not Statutory
Accounting Practices (SAP). For example, the BE-15 report should
include the following assets even though they are not acceptable
under SAP: 1. nontrusteed or free account assets, and 2.
nonadmitted assets such as furniture and equipment, agents’ debit
balances, and all receivables deemed to be collectible.

2. If a voting interest of more than 50 percent in the U.S. affiliate is
owned by another U.S. affiliate, the owned affiliate must be fully
consolidated in the BE-15 report of the owning affiliate.

Item on BE-15(EZ):

3. If a voting interest of 50 percent or less in the U.S. affiliate is
owned by another U.S. affiliate, and no U.S. affiliate owns a
voting interest of more than 50 percent, then a separate BE-15
report must be filed by the owned affiliate. The BE-15 report(s)
of the owning affiliate(s) must show an equity investment in the
owned affiliate.

15 Total sales – Include items such as earned premiums, annuity
considerations, gross investment income, and items of a similar
nature. Exclude income from unconsolidated affiliates.
16 Total assets – Include current items such as agents’
balances, uncollected premiums, amounts recoverable from
reinsurers, and other current notes and accounts receivable
(net of allowances for doubtful items) arising from the ordinary
course of business.

D. Farms – For farms that are not operated by their foreign owners,
the income statement and related items should be prepared based
on the extent to which the income from the farm accrues to, and
the expenses of the farm are borne by, the owner. Generally this
means that income, expenses, and gain (loss) assignable to the
owner should reflect the extent to which the risk of the operation
falls on the owner. For example, even though the operator and
other workers on the farm are hired by a management firm, if their
wages and salaries are assigned to, and borne by, the farm
operation being reported, then the operator and other workers
should be reported as employees of that farm operation and the
wages and salaries should be treated as an expense.

17 Total liabilities – Include current items such as loss
liabilities, policy claims, commissions due, and other current
liabilities arising from the ordinary course of business, and
long-term debt. Exclude mandatory securities valuation
reserves that are appropriations of retained earnings.
B. Railroad transportation companies – Railroad
transportation companies should include only the net annual
balances for interline settlement items (car hire, car repair, freight
revenues, switching revenues, and loss and damage settlements)
in items 16 and 17 of Form BE-15(EZ).
C. Real estate – The ownership of real estate is defined to be a
business enterprise, and if the real estate is foreign owned, it is a
U.S. affiliate of a foreign person. A BE-15 report is required unless
the enterprise is otherwise exempt.

EXAMPLES:
1. If the farm is leased to an operator for a fixed fee, the owner
should report the fixed fee in "total sales" and should treat the
non-operating expenses that he or she may be responsible for,
such as real estate taxes, interest on loans, etc., as expenses.
2. If the farm is operated by a management firm that oversees the
operation of the farm and hires an operator, but the operating
income and expenses are assigned to the owner, the income
and expenses so assigned should be shown in the requested
detail as appropriate.

Residential real estate held exclusively for personal use and not for
profit making purposes is not subject to the reporting requirements. A
residence that is an owner’s primary residence that is then leased by
the owner while outside the United States, but which the owner
intends to reoccupy, is considered real estate held for personal use
and therefore not subject to the reporting requirements. Ownership of
U.S. residential real estate by a corporation whose sole purpose is to
hold the real estate for the personal use of the owner(s) of the
corporation is considered to be real estate held for personal use and
therefore not subject to the reporting requirements.

E. Estates, trusts, and intermediaries
A FOREIGN ESTATE is a person and therefore may have direct
investment, and the estate, not the beneficiary, is considered to be the
owner.

Aggregation of real estate investments – A foreign person
holding real estate investments that are reportable on the BE-15 must
aggregate all such holdings for the purpose of applying the reporting
criteria. If the aggregate of such holdings exceeds one or more of the
exemption levels, then the holdings must be reported even if
individually they would be exempt. In such a case, file a single Form
BE-15(EZ) to report the aggregated holdings. If permission has been
received in writing from BEA to file on an non-aggregated basis, the
reports should be filed as a group and you should inform BEA that
they are all for one owner.
On page 1, name and address of U.S. business enterprise, BEA is
not seeking a legal description of the property, nor necessarily the
address of the property itself. Because there may be no operating
business enterprise for a real estate investment, what BEA seeks is a
consistently identifiable name for the investment (i.e., the U.S.
affiliate) together with an address to which report forms can be mailed
so that the investment (affiliate) can be reported on a consistent basis
for each reporting period and for the various BEA surveys.
Thus, on page 1 of the BE-15 survey forms, the "name and
address" of the U.S. affiliate might be:
XYZ Corp. N.V., Real Estate Investments
c/o B&K Inc., Accountants
120 Major Street
Miami, FL XXXXX
If the investment property has a name, such as Sunrise
Apartments, the name and address on page 1 of the BE-15 survey
forms might be:
Sunrise Apartments
c/o ABC Real Estate
120 Major Street
Miami, FL XXXXX
There are questions on the Form BE-15(EZ) that may not be
applicable to certain types of real estate investments, such as the
employer identification number and the number of employees. In
such cases, mark the items "none".
Joint ventures and partnerships – If a foreign person has a
direct or indirect voting ownership interest of 10 percent or more in
a joint venture, partnership, etc., that is formed to own and hold,
develop, or operate real estate, the joint venture, partnership, etc.,
in its entirety, not just the foreign person’s share, is a U.S. affiliate
and must be reported as follows:

BE-15(EZ) (REV. 11/2006)

Page 8

A TRUST is a person but it is not a business enterprise. The trust
is considered to be the same as an intermediary, and reporting
should be as outlined below. For reporting purposes, the
beneficiary(ies) of the trust is (are) considered to be the owner(s)
for purposes of determining the existence of direct investment,
except in two cases: (1) if there is, or may be, a reversionary
interest, and (2) if a corporation or other organization creates a
trust, designating its shareholders or members as beneficiaries. In
these two cases, the creator of the trust is deemed to be the owner
of the investments of the trust (or succeeding trusts, where the
presently existing trust had evolved out of a prior trust), for the
purposes of determining the existence and reporting of direct
investment.
This procedure is adopted to fulfill the statistical purposes of this
survey and does not imply that control over an enterprise owned or
controlled by a trust is, or can be, exercised by the beneficiary(ies) or
creator(s).
FOR AN INTERMEDIARY:
1. If a U.S. intermediary holds, exercises, administers, or manages a
particular foreign direct investment in the United States for the
beneficial owner, such intermediary is responsible for reporting
the required information for, and in the name of, the U.S. affiliate.
Alternatively, the U.S. intermediary can instruct the U.S. affiliate
to submit the required information. Upon so doing, the
intermediary is released from further liability to report, provided it
has informed BEA of the date such instructions were given and
provides BEA the name and address of the U.S. affiliate, and has
supplied the U.S. affiliate with any information in the possession
of, or which can be secured by, the intermediary that is
necessary to permit the U.S. affiliate to complete the required
reports. When acting in the capacity of an intermediary, the
accounts or transactions of the U.S. intermediary with a foreign
beneficial owner are considered as accounts or transactions of
the U.S. affiliate with the foreign beneficial owner. To the extent
such transactions or accounts are unavailable to the U.S. affiliate,
BEA may require the intermediary to report them.
2. If a foreign beneficial owner holds a U.S. affiliate through a
foreign intermediary, the U.S. affiliate may report the
intermediary as its foreign parent but must also identify and
furnish the requested information concerning the foreign
beneficial owner. Accounts or transactions of the U.S. affiliate
with the foreign intermediary are considered as accounts or
transactions of the U.S. affiliate with the foreign beneficial owner.

VI. FILING THE BE-15
A. Due date – File a fully completed and certified Form BE-15(EZ)
no later than May 31, 2007. If the U.S. affiliate is exempt from filing
Form BE-15(EZ) based on the criteria in instruction I on page 5,
complete and file Form BE-15 Supplement C by May 31, 2007.

F. Number of copies – File a single original copy of the form. If you
are not filing electronically, this should be the copy with the address
label on page 1, if such a labeled copy has been provided by BEA.
(Make corrections to the address on the label, if necessary.) You
should also retain a file copy of each report for three years to
facilitate resolution of any questions that BEA may have concerning
your report. (Both copies are protected by law; see the statement on
Confidentiality in paragraph VI.H., below.)

B. Mailing report forms to a foreign address – BEA will
accommodate foreign owners that wish to have forms sent
directly to them. However, the extra time consumed in mailing
to and from a foreign place may make meeting filing deadlines
difficult. In such cases, please consider using BEA’s electronic
filing option. Go to our web site at www.bea.gov/astar for
details about this option. To obtain forms online go to
www.bea.gov/bea/surveys/fdiusurv.htm.

G. Where to send the report – Send reports filed by mail through
the U.S. Postal service to:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-49(A)
Washington, DC 20230

C. Extensions – For the efficient processing of the survey and
timely dissemination of the results, it is important that your report
be filed by the due date. Nevertheless, reasonable requests for
extension of the filing deadline will normally be granted. Requests
for extensions of more than 30 days MUST be in writing and
should explain the basis for the request. You may request an
extension via email at be12/[email protected]. For extension
requests of 30 days or less, you may call BEA at (202)606-5577.
All requests for extensions must be received BEFORE the due
date of the report.

Direct reports filed by private delivery service to:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-49(A)
Shipping and Receiving Section, M100
1441 L Street, NW
Washington, DC 20005
H. Confidentiality – The information filed in this report may be used
only for analytical or statistical purposes and access to the
information shall be available only to officials and employees
(including consultants and contractors and their employees) of
agencies designated by the President to perform functions under the
Act. The President may authorize the exchange of the information
between agencies or officials designated to perform functions under
the Act, but only for analytical and statistical purposes. No official or
employee (including consultants and contractors and their
employees) shall publish or make available any information collected
under the Act in such a manner that the person to whom the
information relates can be specifically identified. Reports and copies
of reports prepared pursuant to the Act are confidential and their
submission or disclosure shall not be compelled by any person
without the prior written permission of the person filing the report and
the customer of such person where the information supplied is
identifiable as being derived from the records of such customer (22
U.S.C. 3104).

D. Assistance – For assistance, telephone (202) 606-5577, FAX
(202) 606-5319, or send email to be12/[email protected].
Forms can be obtained from BEA’s web site at:
www.bea.gov/bea/surveys/fdiusurv.htm
E. Annual stockholders’ report or other financial
statements – Please furnish a copy of your FY 2006 annual
report or Form 10K when filing the BE-15 report. If you do not
publish an annual stockholders’ report or Form 10K, please
provide any financial statements that may be prepared,
including the accompanying notes. Information contained in
these statements is useful in reviewing your report and may
reduce the need for further contact. Section 5(c) of the
International Investment and Trade in Services Survey Act,
Public Law 94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108, as
amended, provides that this information can be used for
analytical and statistical purposes only and that it must be held
strictly confidential.

BE-15(EZ) (REV. 11/2006)

Page 9