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pdfBE-605 (Rev. 2/2008)
OMB Control No. 0608-0009: Approval Expires 02/28/2010
BEA USE ONLY
TRANSACTIONS OF U.S. AFFILIATE, EXCEPT A U.S.
BANKING AFFILIATE, WITH FOREIGN PARENT
1
Mandatory Confidential Quarterly Report
Electronic filing:
Go to www.bea.gov/efile for details
Mail reports to:
U.S. Department of Commerce
Bureau of Economic Analysis, BE-49(Q)
Washington, DC 20230
U.S. Department of Commerce
Bureau of Economic Analysis, BE-49(Q)
Shipping and Receiving Section, M-100
1441 L Street, NW
Washington, DC 20005
Deliver reports to:
Name and mailing address of the consolidated U.S. affiliate
FAX reports to:
(202) 606-5319
Assistance:
E-mail
Telephone
Copies of form
[email protected]
(202) 606-5577 between 8:00 a.m. and 4:30 p.m. eastern time
http://www.bea.gov/fdi
Definitions: Underlined terms are defined on page 16.
Due date: 30 days after the close of each calendar or fiscal quarter end; 45 days if the report is for the final quarter of the financial
reporting year.
Who must report: A Form BE-605 is required from every U.S. business enterprise, EXCEPT a U.S. banking affiliate, in which a
foreign entity has a direct and/or indirect ownership interest of 10 percent or more of the voting stock (or an equivalent interest if an
UNINCORPORATED business) at any time during the quarter. Reports are required even though the U.S. business enterprise may
have been established, acquired, liquidated, sold, or inactivated during the reporting period.
Monetary values should be reported in thousands of U.S. dollars. If an amount is between positive and negative $500, enter "0." Use
parentheses to indicate negative numbers.
Accounting methods and records: Report items according to U.S. Generally Accepted Accounting Principles (U.S. GAAP), unless
otherwise specified. Corporations should use the same methods and records that are used to generate reports to stockholders,
except where the instructions indicate a deviation from U.S. GAAP.
• Reports for unincorporated businesses should be generated on an equivalent basis.
• References to Financial Accounting Standards Board statements are indicated with "FAS" and a statement number (for example,
FAS 142).
Exemption: A U.S. affiliate claiming exemption from filing a BE-605 report must complete the Certification of Exemption on
page 13 of this form. Also complete the "Person to Consult" and "Certification" sections on page 15, and return the form to
BEA by the due date.
Estimates: If actual amounts are not available, supply estimates and label them as such. When a data item cannot be fully
subdivided as required, supply a total and an estimated breakdown of the total.
Faxing your report: When submitting this report via fax, send ONLY those pages on which information is reported, including the
front page and the Certification of Exemption section (if completed). DO NOT send pages that only contain instructions.
Retention of copies: Retain a copy of filed reports for 3 years beyond the report’s original due date.
Month
Day
Year
300
● What is the ending date of the quarter for which this report is completed? . . . . . . . . . . . ._. ._. /. ._. _. . /. ._ _ _ _
U.S. affiliate a bank, or does this U.S. affiliate hold, either directly or indirectly, a voting interest of
● Isat this
least 10 percent in any U.S. bank, bank holding company, or financial holding company?
1
2
301 1
2
Yes – Do not consolidate these entities in this report. Banks, bank holding companies, and financial
holding companies must report separately using Form BE-605 Bank. See Form BE-605 Bank
for additional instructions. (See definition of banking on page 16).
No
● Which best describes the entity receiving this report?
3
003 1
2
3
A U.S. business enterprise incorporated in the United States
An unincorporated U.S. business enterprise, such as a branch, partnership, real estate, etc.
A U.S. limited liability company (LLC)
● Is this report a resubmission of a past report?
4
302 1
2
Yes – Please contact us if you require guidance (see Assistance above). Note that for the preceding quarter,
Part III may be revised on the current form, as can the beginning balances in items 22 , 25 , and 27 .
● ●
No
BE-605, Page 1, Base (Black)
BE-605, Page 1, 10% and 100% Tone, Blue (Pantone 313)
●
Part I – Rules for Consolidating the U.S. Affiliate
● Has the organizational structure of this U.S. affiliate changed since the previous quarter?
5
303 1
2
Yes – Please provide a chart showing the new organizational structure if available.
No
this U.S. affiliate (as an individual entity) hold, either directly or
● Does
indirectly, a MAJORITY voting interest (over 50 percent) in any non-banking
6
This U.S. affiliate
U.S. business enterprises?
Yes – • Consolidate those enterprises in this report with the exception noted
below.
• DO NOT consolidate any U.S. business enterprises in which a direct
ownership interest and an indirect ownership interest are held by
DIFFERENT foreign entities. Report this U.S. affiliate’s interest in such
enterprises on an equity basis, even if it is more than 50 percent.
These enterprises must file their own Form BE-605 unless they qualify
for exemption.
2
7
Yes – Do not consolidate such enterprises in this report. Report this U.S.
affiliate’s interest in such enterprises on an equity basis, OR in accordance
with FAS 115 if owned less than 20 percent. These enterprises must file
their own Form BE-605 unless they qualify for exemption.
No
8
306 1
2
Yes – Do not consolidate foreign business enterprises in this report.
Report U.S. affiliate’s interest in foreign operations on an equity
basis, OR in accordance with FAS 115 if owned less than 20 percent.
10 to 50%
U.S. business – Do not
consolidate in this report.
This U.S. affiliate
➝
this U.S. affiliate own, either directly or indirectly, any foreign
● Does
business enterprises?
This U.S. affiliate
➝
2
U.S. business –
Consolidate in this report.
No
this U.S. affiliate hold, either directly or indirectly, a voting interest
● Does
from 10 to 50 percent in any U.S. business enterprises?
305 1
➝
304 1
>50%
Foreign businesses –
Do not consolidate
in this report.
No
Part II – Identifying the Foreign Parent and Foreign Affiliates of the Foreign Parent (FAFP)
307 1
2
Yes – File a separate BE-605 report for each foreign parent having a
direct investment voting interest in this U.S. affiliate.
Foreign
parent A
Foreign
parent B
➝
9
➝
Does more than one foreign parent have a direct investment voting
● interest
in this U.S. affiliate?
This U.S. affiliate
No
is the name of the FIRST foreign parent in a chain of ownership extending outside
● What
the United States that holds either a direct or indirect voting interest in this U.S. affiliate?
10
• The entity named below is hereinafter referred to as the foreign parent.
• Report transactions with the foreign parent in Parts III , IV , V , and VII .
Name of the foreign parent
of this U.S. affiliate
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308
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FORM BE-605 (Rev. 2/2008)
Part II – Identifying the Foreign Parent and Foreign Affiliates of the Foreign Parent (FAFP) – Continued
005
is the country of incorporation (or residence, if an
● What
individual) of the foreign parent named in item ● ?
BEA USE ONLY
11
10
type of equity interest does the foreign parent hold in this U.S. affiliate?
● What
(Check one box)
A. Only a direct equity interest – SKIP to ●
12
14
006 1
2
B. Only an indirect equity interest through another U.S. affiliate –
Complete ONLY Parts V and VI , as applicable. Amounts representing
this U.S. affiliate’s equity accounts are part of another higher-tier U.S.
affiliate’s BE-605 report and should not be duplicated here.
3
C. Both a direct equity interest AND an indirect equity
interest through another U.S. affiliate –
Higher-tier
U.S. Affiliate
➝
➝
This U.S. affiliate
Foreign Parent A
Foreign Parent B
➝
Higher-tier
U.S.Affiliate
➝
• If a direct and an indirect equity interest are held by
DIFFERENT foreign parents, this U.S. affiliate must file Form
BE-605 for EACH parent. In the example at the right, this
U.S. affiliate may not be fully consolidated into the BE-605
report filed by the higher-tier U.S. affiliate because of the
direct ownership held by foreign parent A.
Foreign Parent
➝
• If BOTH a direct and indirect equity interest are held by the
SAME foreign parent, this U.S. affiliate may be fully
consolidated into the BE-605 report filed by the higher-tier
U.S. affiliate that owns it, and the minority interest not held by
the foreign parent either directly or indirectly must be
eliminated. In the example at the right, this U.S. affiliate may
be fully consolidated into the BE-605 report filed by the
higher-tier U.S. affiliate that owns it directly.
➝
This U.S. Affiliate
B or C was marked in item ● , what is/are the name(s) of the U.S.
● Ifaffiliate(s)
having a direct equity interest in this U.S. affiliate?
12
13
309
the foreign parent own more than 50 percent of other foreign
● Does
(i.e., non-U.S.) business enterprises?
14
310 1
2
15
>50%
>50%
Foreign Parent
Foreign affiliate of
the foreign parent
➝
Yes – • Majority owners of the foreign parent are also considered
foreign affiliates of the foreign parent (FAFP’s).
Majority-owned subsidiaries of these majority owners are
additional examples of FAFP’s.
• Report this U.S. affiliate’s transactions with FAFP’s
in Part VI .
No
Foreign affiliate of
the foreign parent
➝ ➝
2
Foreign affiliate of
the foreign parent
No
foreign parent owned more than 50 percent by another foreign
● Is(i.e.,thenon-U.S.)
entity?
311 1
This U.S. affiliate
>50%
➝
• Report this U.S. affiliate’s transactions with foreign
affiliates of the foreign parent in Part VI , Balances and
Interest Between U.S. Affiliate, as Consolidated, and
Foreign Affiliates of the Foreign Parent (FAFPs).
➝
Yes – • These foreign business enterprises are considered
examples of foreign affiliates of the foreign parent (FAFPs).
Foreign Parent
This U.S. affiliate
FORM BE-605 (Rev. 2/2008)
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BE-605, Page 3, 20%, 40% and 100% Tone, Blue (Pantone 313)
Page 3
Instructions for Part III
● A.
16
Report the amount that represents the foreign parent’s share, based on its directly held equity interest, in the
U.S. affiliate’s net income (loss) for the quarter, before provision for all common and preferred dividends owed
to foreign parent(s) and before any deduction for U.S withholding taxes on dividends, but AFTER provision for
U.S. Federal, State, and local income taxes.
•
● B.
16
Foreign Parent’s Direct Equity Share in the U.S. Affiliate,
as Consolidated
U.S. affiliates in extractive industries should report net income BEFORE depletion charges, EXCEPT
charges representing the amortization of the actual cost of capital assets.
Please read the following instructions carefully as they are keyed to economic accounting concepts and in
some cases may deviate from what is normally required by U.S. Generally Accepted Accounting Principles.
● B1. Include gains (losses) resulting from:
16
• Sale or other dispositions of financial assets, including investment securities; FAS 115 holding gains (losses)
on securities classified as trading securities; and FAS 115 impairment losses. (Dealers in financial
instruments (including securities, currencies, derivatives, and other financial instruments) and finance and
insurance companies, see Special instructions below.)
• Sale or disposition of land, other property, plant and equipment, or other assets, and FAS 144 impairment
losses. Do not include gains (losses) from the sale of inventory assets in the ordinary course of trade or
business. Real estate companies, see Special instructions below.
• Goodwill impairment as defined by FAS 142.
• Restructuring costs that reflect write-downs or write-offs of assets or liabilities. Do not include actual
payments, or charges to establish reserves for future actual payments, such as for severance pay, and fees
to accountants, lawyers, consultants, or other contractors.
• Disposals of discontinued operations. Do not include income from the operations of a discontinued segment.
Report such income in item A.
• Remeasurement of the U.S. affiliate’s foreign currency-denominated assets and liabilities due to changes
in foreign exchange rates during the reporting period.
• Extraordinary, unusual, or infrequently occurring items that are material. Include losses from accidental
damage or disasters, after estimated insurance reimbursement. Include other material items, including
writeups, writedowns, and writeoffs of tangible and intangible assets and gains (losses) from the sale or
other disposition of capital assets.
per FAS 130, unrealized holding gains (losses) for available-for-sale securities (including those
● B2. Include,
classified as current assets), less reclassification adjustments, and minimum pension liability adjustments,
16
after provision for U.S. Federal, State, and local income taxes. Do not include foreign currency translation
adjustment; report translation adjustment in item C.
● B1.–B2.
16
Special instructions for dealers in financial instruments (including securities, currencies, derivatives, and other
financial instruments), finance companies, and insurance companies:
Include in item B1:
• realized gains (losses) on trading or dealing;
• unrealized gains (losses) due to changes in the valuation of financial instruments that flow through the
income statement.
Include in item B2 unrealized gains (losses) due to changes in the valuation of financial instruments that are
taken to other comprehensive income.
Do not include income from fees and commissions in items B1 or B2; report fees and commissions in item A.
Special instructions for real estate companies – Report gains (losses) from the sale, disposition, or
revaluation of land, other property plant and equipment, or other assets as follows:
• Include realized gains (losses) from the sale of real estate in the ordinary course of trade or business in
item A; do not include these gains (losses) in items B1 or B2.
• Include impairment losses of long-lived assets, as defined by FAS 121, and recognized during the
period, in items A and B1.
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FORM BE-605 (Rev. 2/2008)
Foreign Parent’s Direct Equity Share in the U.S. Affiliate,
as Consolidated – Continued
Instructions for Part III
● C.
16
●
16
Report foreign parent’s share of the foreign currency translation adjustment resulting from the
translation of the foreign affiliate’s financial statements from the affiliate’s functional currency into
U.S. dollars in accordance with FAS 52 or other current standards of the Financial Accounting
Standards Board.
D. Report dividends as of the date they were declared or paid, GROSS of any U.S. tax withheld. Any
subsequent settlement of dividends declared but not paid SHOULD NOT be reported a second time, but
should be reflected only as a reduction in Part V item 22 .
●
• Exclude stock and liquidating dividends. Report liquidating dividends in Part IV item
●
16
● B.
17
E. Report gross amounts of earnings distributed by unincorporated U.S. affiliates, whether out of
current or past earnings.
Part III – Foreign Parent’s Direct Equity Share in the U.S. Affiliate, as Consolidated
• Report items
● A–G on a quarterly basis, NOT on a cumulative or year-to-date basis.
16
• Use the column headed Preceding Quarter (if revised) to correct data that were incorrect or not
given in the preceding quarter.
• Do not delay filing because current quarter data are not available. Estimates may be used where
necessary to file a timely report.
• Do not complete this section if the foreign parent only holds an INDIRECT equity interest in this U.S.
affiliate. Amounts representing this U.S. affiliate’s equity accounts are part of another higher-tier U.S.
affiliate’s consolidated report.
●
16
Preceding Quarter
(if revised)
Current Quarter
What is the foreign parent’s share of:
Bil.
Mil.
Thou.
Dols.
011 1
A. The U.S. affiliate’s quarterly net income (loss), after
provision for income taxes? . . . . . . . . . . . . . . . . . . . . . . . $
B. Certain realized and unrealized gains (losses), after
012 1
provision for income taxes:
16
1. Included in net income in item
A? . . . . . . . . . . . . . $. .
2.
●
Not included in net income in item ● A but
taken to other comprehensive income? . . . . . . . . . . . . $. .
16
000
●
●
●
FORM BE-605 (Rev. 2/2008)
BE-605, Page 5, Base (Black)
●
Dols.
000
000
$
000
313 2
000
$
000
014 2
000
$
000
015 2
000
$
000
016 2
000
017 1
G. The net amount of dividends/earnings distributed
(item 16 D or 16 E less item 16 F)? . . . . . . . . . . . . . . . . $
$
000
●
F. U.S. tax withheld on dividends (item 16 D) or on
016 1
distributed earnings of unincorporated
U.S. affiliate (item 16 E)? . . . . . . . . . . . . . . . . . . . . . . . . $
Thou.
013 2
015 1
E. Earnings distributed by unincorporated U.S. affiliates? . . . . . $
$
000
313 1
D. Dividends on common and preferred stock
014 1
(gross of U.S. withholding taxes) excluding
stock dividends? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Mil.
012 2
013 1
C. The CHANGE in the translation adjustment account
during the quarter? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Bil.
011 2
$
000
017 2
000
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BE-605, Page 5, 10% and 100% Tone, Blue (Pantone 313)
$
000
Page 5
Instructions for Part IV
Change in Foreign Parent’s Equity in the U.S. Affiliate
During the Quarter
Entries in Part IV are necessary to identify the amount and cause of any changes in equity holdings
by the foreign parent in the U.S. affiliate during the quarter.
• Report the transaction (i.e., market) value of consideration given or received for increases or
decreases in the foreign parent’s equity holdings in the U.S. affiliate.
● A.
17
Include:
• purchases of capital stock by the foreign parent from the U.S. affiliate;
• contributions of equity by the foreign parent that did not result from the issuance of stock to the
foreign parent by the U.S. affiliate;
• capitalization of intercompany debt (report the amount of debt converted to equity as the transaction
value of the equity increase in item 17 A), and adjust the debt balance as appropriate in Part V
item 22 ;
●
●
• unincorporated U.S. affiliates must report the foreign parent’s share of any increase in the U.S.
affiliate’s equity (or home office account) arising from its transactions with the foreign parent,
excluding amounts reported in Part III and Part V .
Exclude changes caused by:
• carrying net income to the equity account;
• the effect of treasury stock transactions with persons other than the foreign parent;
• reorganizations in capital structure that do not affect total equity.
● B.
17
Include:
• sales of capital stock by the foreign parent to the U.S. affiliate;
• returns of contributed equity capital to the foreign parent not resulting in a reduction of issued stock;
• distributions to the foreign parent following total liquidation of the U.S. affiliate;
• unincorporated U.S. affiliates must report the foreign parent’s share of any decrease in the U.S.
affiliate’s equity (or home office account) arising from its transactions with the foreign parent,
excluding amounts reported in Part III and Part V .
Exclude changes caused by:
•
•
•
•
•
carrying net losses to the equity account;
payment of stock or cash dividends (other than liquidating dividends);
the distribution of earnings during the period;
the effect of treasury stock transactions with entities other than the foreign parent;
reorganizations in capital structure that do not affect total equity.
Page 6
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FORM BE-605 (Rev. 2/2008)
Part IV – Change in Foreign Parent’s Equity in the U.S. Affiliate During the Quarter
For Transactions between the Foreign Parent and U.S. Affiliate
● What is the transaction value of the foreign parent’s:
Bil.
17
Mil.
Thou.
Dols.
026
A. Increase of equity in the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
027
B. Decrease of equity in the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
For Transactions between the Foreign Parent and an Entity other than U.S. Affiliate
is the transaction value of the ACQUISITION of an equity
● What
interest in the U.S. affiliate by the foreign parent:
18
028
A. From a U.S. entity other than the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
029
B. From all foreign entities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
is the transaction value of the SALE of an equity
● What
interest in the U.S. affiliate by the foreign parent:
000
19
030
A. To U.S. entities other than the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
031
B. To all foreign entities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
is the total transaction value of the change in the
● What
foreign parent’s equity interest in the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . $
This item should equal the sum of items ● A, ● A, and ● B MINUS
the sum of items ● B, ● A, and ● B.
032
20
17
19
17
18
18
19
items ● and ● , what are the amounts by
● For
which the transactions values reported in those
18
21
000
19
For sale or termination
of operations
For
acquisition
items:
(
Bil.
● A & B)
(
18
Mil.
Thou.
Dols.
903 2
A. Exceed the value carried on the books of
the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
FORM BE-605 (Rev. 2/2008)
BE-605, Page 7, Base (Black)
● A & B)
19
Mil.
Thou.
Dols.
903 4
$
000
903 3
B. Are less than the value carried on the books of
the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Bil.
000
903 5
000
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BE-605, Page 7, 10% and 100% Tone, Blue (Pantone 313)
$
000
Page 7
Instructions for Part V
Balances and Interest Between Foreign Parent and U.S. Affiliate,
as Consolidated
Report all current and long-term intercompany accounts and interest between the U.S. affiliate and the foreign
Part V
V .
parent in Part
Derivatives Contracts – Exclude the value of outstanding financial derivatives contracts and any payments or
receipts resulting from the settlement of those contracts. For example, the settlements of interest rate derivatives
should NOT be reported as interest or as another type of transaction on this form. Derivatives contracts are
covered by the Treasury International Capital (TIC) Form D, Report of Holdings of, and Transactions in, Financial
Derivatives Contracts with Foreign Residents.
current quarter’s opening balance should be equal to the previous quarter’s closing balance; therefore, if it is
● The
necessary to translate the balances to U.S. dollars, use the same exchange rate to translate the opening balance
22
for the current quarter as was used to translate the closing balance for the previous quarter. If the closing balance
on the preceding quarter’s report was in error, note the correction.
leases between the U.S. affiliate and the foreign parent are capitalized, then the outstanding capitalized
● Ifvalue
should be reported in item ● as an intercompany balance. Lease payments should be disaggregated
into the amounts that are (i) a reduction in an intercompany balance, to be reported in items
● A or ● B,
and (ii) interest, to be reported in item ● .
23
22
22
22
23
Instructions for Part VI
Balances and Interest Between U.S. Affiliate, as Consolidated, and Foreign
Affiliates of the Foreign Parent (FAFPs)
Report all current and long-term intercompany accounts and transactions between the U.S. affiliate and the
Part VI
V .
foreign affiliates of the foreign parent (FAFPs) in Part
Derivatives Contracts – Exclude the value of outstanding financial derivatives contracts and any payments or
receipts resulting from the settlement of those contracts. For example, the settlements of interest rate derivatives
should NOT be reported as interest or as another type of transaction on this form. Derivatives contracts are
covered by the Treasury International Capital (TIC) Form D, Report of Holdings of, and Transactions in, Financial
Derivatives Contracts with Foreign Residents.
● and ●
25
27
The current quarter’s opening balance should be equal to the previous quarter’s closing balance; therefore, if it is
necessary to translate the balances to U.S. dollars, use the same exchange rate to translate the opening balance
for the current quarter as was used to translate the closing balance for the previous quarter. If the closing balance
on the preceding quarter’s report was in error, note the correction.
● and ●
26
28
If leases between the U.S. affiliate and the foreign parent are capitalized, then the outstanding capitalized
value should be reported in items 25 or 27 as an intercompany balance. Lease payments should be
disaggregated into the amounts that are (i) a reduction in an intercompany balance, to be reported in
items 25 or 27 , and (ii) interest, to be reported in items 26 or 28 .
● ●
● ●
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● ●
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FORM BE-605 (Rev. 2/2008)
Part V – Balances and Interest Between Foreign Parent and U.S. Affiliate,
as Consolidated
●
22
Balances
What were the short and long term balances owed directly to, and due directly from, the foreign parent?
• Do NOT net payables against receivables.
BEGINNING
of quarter
Bil.
Mil.
Thou.
END
of quarter
Dols.
024 2
A. Liabilities owed directly TO the foreign parent
by the U.S. affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $.
000
025 2
B. Receivables due to the U.S. affiliate directly
FROM the foreign parent . . . . . . . . . . . . . . . . . . . . . . . . $.
●
23
Bil.
Mil.
Thou.
Dols.
024 1
$
000
025 1
000
$
000
Interest
What were the interest payments and receipts between the foreign parent and the U.S. affiliate
during the quarter?
• Report quarterly amounts (not year to date), GROSS OF WITHHOLDING TAX.
• Include interest on capital leases.
Interest
• Do NOT net payments against receipts.
Bil.
Mil.
Thou.
Dols.
018 1
A. Interest payments credited to foreign parent or charged to U.S. affiliate . . . . . . . . . . . . . . $. . . . . . .
000
018 2
B. Interest receipts credited to U.S. affiliate or charged to foreign parent . . . . . . . . . . . . . . . $. . . . . . .
000
BEA USE ONLY
001 1
FORM BE-605 (Rev. 2/2008)
BE-605, Page 9, Base (Black)
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BE-605, Page 9, 10% and 100% Tone, Blue (Pantone 313)
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Page 9
Part VI – Balances and Interest Between U.S. Affiliate, as Consolidated, and
Foreign Affiliates of the Foreign Parent (FAFPs)
the consolidated U.S. affiliate have accounts or direct transactions with foreign affiliates of
● Does
the foreign parent (FAFPs)?
Yes – Continue with ● through ●. (Note: Instructions for Part VI appear on page 8.)
24
043 1
2
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25
No – Skip to Part VII
Note: For Part VI , values for countries which individually amount to less than $500 thousand may be
combined in the "Unallocated" row. Do NOT net payables against receivables.
U.S. Affiliates’ Payables and Interest Payments to FAFPs
●
●
26
Payable balances
25
What amounts,
including interest on
capital leases, were
credited directly to
FAFPs during this
quarter, by country?
What were the short and long term balances with the FAFPs
at the end and beginning of the quarter, by country?
BEGINNING
of quarter
Country of FAFP
Bil.
044
1
045
1
046
1
047
1
100
A. Canada
327
B. United Kingdom
319
C. Netherlands
614
D. Japan
Other countries – Specify
048
1
049
1
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1
051
1
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1
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1
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1
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E.
F.
G.
H.
I.
J.
K.
L.
M.
N.
O.
155
P. Unallocated – Values for
countries that individually amount
to less than $500 thousand.
156
Q. TOTALS
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FORM BE-605 (Rev. 2/2008)
If more rows are needed in order to list all countries, use additional sheets as necessary.
A photocopy of Page 10 and/or Page 11 may be used for this purpose.
U.S. Affiliates’ Receivables and Interest Receipts from FAFPs
●
●
28
Receivable balances
27
What amounts,
including interest on
capital leases, were
credited directly from
FAFPs during this
quarter, by country?
What were the short and long term balances with the FAFPs
at the end and beginning of the quarter, by country?
BEGINNING
of quarter
Country of FAFP
Bil.
157
1
158
1
159
1
160
1
100
A. Canada
327
B. United Kingdom
319
C. Netherlands
614
D. Japan
Other countries – Specify
161
1
162
1
163
1
164
1
165
1
166
1
167
1
168
1
169
1
170
1
171
1
E.
F.
G.
H.
I.
J.
K.
L.
M.
N.
O.
268
P. Unallocated – Values for
countries that individually amount
to less than $500 thousand.
269
Q. TOTALS
FORM BE-605 (Rev. 2/2008)
BE-605, Page 11, Base (Black)
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709
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END
of quarter
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Page 11
Part VII – Annual Section – Selected Annual Information
COMPLETE THIS SECTION ONCE A YEAR, NO LATER THAN THE SECOND FILING following the close of the
financial reporting year. For example, if the U.S. affiliate’s books annually close on September 30th, this section must
be completed for the report due within 30 days after the close of the first calendar quarter (that is, by April 30th).
• If audited amounts are not available, supply estimates and label them as such. When a data item
cannot be fully subdivided as required, supply a total and an estimated breakdown of the total.
Month
Day
Year
is the ending date of the U.S. affiliate’s most recent
● What
financial reporting year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._ _ / _ _ / _ _ _ _
034
29
is the percentage of the foreign parent’s direct equity ownership
● What
interest in the U.S. affiliate as of the date reported
30
in
29 above? Enter to tenth of percent.
●
035
___._%
.......................................
Income Statement Items
is the foreign parent’s direct equity in the consolidated
● What
U.S. affiliate’s annual net income (loss) after provision for
Bil.
31
U.S. Federal, State, and local income taxes?
Mil.
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Dols.
036
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
000
is the foreign parent’s share of certain realized and unrealized
● What
gains (losses) including unusual and nonrecurring items, net of taxes:
32
●
●
037
A. Included in net income on line 31 (refer to instruction for item 16 B1
on page 4)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
●
038
B. NOT included in net income on line 31 , but taken to other
comprehensive income? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
is the foreign parent’s share of the change in the translation
● What
adjustment account during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
338
33
Owner’s Equity Items – Foreign Parent’s Share At End of Year
• Report the foreign parent’s share of the owner’s equity items of the consolidated U.S. affiliate
as of the date shown in 29 .
●
• Line
35 must be computed on the equity method consistent with line ●
31 above.
●
• For unincorporated U.S. affiliates that are unable to itemize below, report the foreign
parent’s share of the total owner’s equity in 37 .
●
Bil.
is the amount of the foreign parent’s share of common and
● What
preferred stock and additional paid-in capital? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
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34
is the amount of the foreign parent’s share of retained
● What
earnings (deficit)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
is the amount of the foreign parent’s share of other equity
● What
accounts, including other comprehensive income?
000
040
35
000
36
041
312
$
000
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
000
Specify ➔
. . . . . . . .
● TOTAL (sum of ● through ●)
37
34
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36
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FORM BE-605 (Rev. 2/2008)
Part VIII – Certification of Exemption
U.S. affiliate, as consolidated, is exempt from filing a BE-605 report if ANY ONE of the conditions specified in
● The
statements A–D below applies:
1
• Check the statement that applies and complete ALL adjacent answer boxes.
A01_1
A. The values of the U.S. affiliate’s total assets, sales or gross operating revenues,
AND net income (loss) were EACH equal to or less than $30 million (or equal to or
greater than negative $30 million if a loss) for the most recent financial reporting
year. This type of exemption claim is only required to be filed once a year.
Bil.
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Dols.
A11
Total assets – Do not net against liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
A12
Sales or gross operating revenues, excluding sales taxes – Do not report gross margin
. . . . .$
000
A13
Net income (loss) after provision for U.S. Federal, State and local income taxes . . . . . . . . . . . $
Month
Day
000
Year
A14
12-month period ended . . . . . . . . . . . . . . . . . . . . . . . . ._. _
. . /. _ _ / _ _ _ _
A01_2
B. This U.S. affiliate was consolidated, merged into, or reorganized into the BE-605 report for another U.S. affiliate.
Month
Day
Year
A22
Date of change: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _. ._. ./ _ _ / _ _ _ _
Company name A20
and address: . . .
BEA ID number of above named U.S. affiliate (or name of A21
contact person and telephone number): . . . . . . . . . . . . . . . . .
A01_3
C. This U.S. affiliate is indirectly foreign owned though another U.S. affiliate AND has no direct transactions with the
foreign parent(s) or any of its (their) foreign affiliates.
A01_4
D. The foreign parent’s voting interest in this U.S. business enterprise was (check ANY ONE that applies):
A02_1
1. Sold to a U.S. entity that doesn’t have foreign ownership of 10% or more.
Month
Day
Year
A31
Date of sale: . . . . . . . . . . . . . . . . . . . . . . . . . . . _. _ / _ _ / _ _ _ _
A33
Company name: . . .
Bil.
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A32
Approximate sale value: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Month
A02_2
Day
000
Year
2. Liquidated/dissolved.
A34
Date: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _. _ / _ _ / _ _ _ _
Bil.
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A35
Approximate amount of liquidation/dissolution:
Returned to the foreign parent? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
000
A37
A36
$
Other – Please specify
A02_3
Dols.
000
3. Diluted.
The foreign parent(s’) total voting interest in this U.S. affiliate dropped below the 10 percent threshold required to file.
Month
Day
Year
A38
Date of change: . . . . . . . . . . . . . . . . . . . . . . . . . _. _ / _ _ / _ _ _ _
A39
New percentage of ownership for foreign parent(s)? . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ _ . _ %
A40
A01_5
E. Other – Please specify
FORM BE-605 (Rev. 2/2008)
BE-605, Page 13, Base (Black)
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Page 13
Part IX – Remarks Section
A41
Page 14
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FORM BE-605 (Rev. 2/2008)
Purpose – Reports on this form are required to provide reliable and up-to-date information on foreign direct
investment in the United States for inclusion in the U.S. international transactions accounts and the national income
and product accounts.
Authority – This survey is being conducted under the International Investment and Trade in Services Survey Act
(P.L. 94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108, as amended), and the filing of reports is MANDATORY pursuant to
Section 5(b)(2) of the Act (22 U.S.C. 3104). The implementing regulations are contained in Title 15, CFR, Part 806.
Penalties – Whoever fails to report may be subject to a civil penalty not less than $2,500, and not more than
$25,000, and to injunctive relief commanding such person to comply, or both. 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 violation, upon conviction, may be
punished by a like fine, imprisonment, or both. (22 U.S.C. 3105)
The civil penalties are subject to inflationary adjustments. Those adjustments are found in 15 CFR 6.4.
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.
Respondent Burden – Public reporting burden for this collection of information is estimated to average 1 hour 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 0608-0009, Washington, DC 20503.
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.
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 the Instructions, estimates may
have been provided where data are not available from customary accounting records or precise data could not be
obtained without undue burden.
Authorized official’s signature
Print or type name and title
Date
PERSON TO CONSULT CONCERNING QUESTIONS ABOUT THIS REPORT – Enter name and address
Name
801_1
Address
806
807
Telephone
number
Area code
Number
Extension
802_1
802_2
802_3
FAX
number
Area code
Number
803_1
803_2
May we use e-mail to correspond with you to discuss questions relating to this Form BE-605, 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.)
804
1
2
Yes –If yes, please provide your e-mail address.
No
FORM BE-605 (Rev. 2/2008)
BE-605, Page 15, Black
E-mail address
805_1
Please see definitions on page 16
BE-605, Page 15, 10% and 100% Tone, Blue (Pantone 313)
Page 15
Definitions
Affiliate means a business enterprise located in one country that is directly or indirectly owned or
controlled by an entity of another country to the extent of 10 percent or more of its voting stock for an
incorporated business or an equivalent interest for an unincorporated business, including a branch.
Affiliated foreign group means (i) the foreign parent, (ii) any foreign entity, proceeding up the foreign
parent’s ownership chain, that owns more than 50 percent of the entity below it up to and including that
entity which is not owned more than 50 percent by another foreign entity, and (iii) any foreign entity,
proceeding down the ownership chain(s) of each of these members, which is owned more than 50 percent
by the entity above it.
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. (U.S. branches of foreign banks are U.S. entities;
conversely, foreign branches of U.S. banks are foreign entities.)
Branch means the operations or activities conducted by an entity in a different location in its own name
rather than through an incorporated entity.
Business enterprise means any organization, association, branch, or venture that exists for profit making
purposes or to otherwise secure economic advantage, and any ownership of any real estate.
Direct investment means the ownership or control, directly or indirectly, by one investor of 10 percent or
more of the voting securities of an incorporated business enterprise or an equivalent interest in an
unincorporated business enterprise.
Entity (as used here, "entity" is synonymous with "person", as that term is used in the broad legal sense)
means any individual, branch, partnership, associated group, association, estate, trust, corporation, or other
organization (whether or not organized under the laws of any State), and any government (including a foreign
government, the United States Government, a State or local government, and any agency, corporation,
financial institution, or other entity or instrumentality thereof, including a government-sponsored agency).
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.
Foreign affiliate of foreign parent (FAFP) means, with reference to a given U.S. affiliate, any member of
the affiliated foreign group that is not a foreign parent of the affiliate.
Foreign direct investment in the United States means the ownership or control, directly or indirectly, by
one foreign investor 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 or
partnership.
Foreign parent means each and every foreign entity that directly holds a voting interest of 10 percent or
more in the U.S. business enterprise identified as the U.S. affiliate.
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.
U.S. affiliate means an affiliate located in the United States in which a foreign entity has a direct investment.
U.S. corporation means a business enterprise incorporated in the United States.
Voting interest is the percent of ownership in the voting securities of an incorporated business enterprise or
an equivalent interest in an unincorporated business enterprise, including a branch or partnership.
Page 16
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FORM BE-605 (Rev. 2/2008)
BE-605, Page 16, 10% and 100% Tone, Blue (Pantone 313)
| File Type | application/pdf |
| File Modified | 2008-02-13 |
| File Created | 2008-02-08 |