Be-11b(lf)

Annual Survey of U.S. Direct Investment Abroad

be11blf

Annual Survey of U.S. Direct Investment Abroad

OMB: 0608-0053

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FORM

BE-11B(LF)

OMB No. 0608-0053: Approval Expires 11/30/2010

(REV. 11/2008)

2008 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
MANDATORY — CONFIDENTIAL
BE-11B(LF) (LONG FORM)
(Report for Majority-Owned Nonbank Foreign Affiliate of Nonbank U.S. Reporter)
DUE DATE — A complete BE-11 report is due May 29, 2009
MAIL REPORTS TO:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-69(A)
Washington, DC 20230

Affiliate ID Number

BEA USE ONLY

1. Name of U.S. Reporter of foreign affiliate — Same as item 1, Form BE-11A

OR
DELIVER REPORTS TO:
U.S. Department of Commerce
Bureau of Economic Analysis
BE-69(A)
Shipping and Receiving,
Section M-100
1441 L Street, NW
Washington, DC 20005

2. Name of foreign affiliate being reported — Use the same name on all reports filed subsequently for
this affiliate with the Bureau of Economic Analysis, e.g., BE-577.

IMPORTANT
Please read the Instruction Booklet, which contains definitions and reporting requirements, before completing this form. "Additional"
Instructions specific to line items and "Special" Instructions for dealers in financial instruments and finance, insurance, and real estate
companies are provided at the back of this form.

•

Who must report — The nonbank U.S. Reporter must file Form BE-11B(LF) for each majority-owned nonbank foreign affiliate for which
total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater
than $225 million (positive or negative) at the end of or for the affiliate’s 2008 fiscal year. See Instruction Booklet, Part I, for detailed
reporting requirements.

•

Foreign affiliate’s 2008 fiscal year — The foreign affiliate’s financial reporting year that has an ending date in calendar year 2008. See
Instruction Booklet, Part II.A.

•

Translation of foreign currency financial and operating data into U.S. dollars — Use U.S. Generally Accepted Accounting Principles
(FAS 52). See Instruction Booklet, Part IV.B.
Bil.

•

Mil.

Thous. Dols.

Currency amounts — Report 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
If an item is between + or - $500.00, enter "0." Use parenthesis () to indicate negative numbers.

•

Part I — IDENTIFICATION OF MAJORITY-OWNED FOREIGN AFFILIATE
See Additional Instructions for Part I on page 10 at the back of this form.
3. Country of location — Country in which this foreign affiliate’s physical assets are located or where its primary activity is
carried out — Mark (X) one.
1007

1 601

Australia

1 202

1 307
1 308

Brazil

100

Canada

650

China

France
Germany

611

Hong Kong

314

Italy

1 614
1 213
1

319

325

Japan
Mexico

1 327
1

United Kingdom
Other — Specify

Netherlands
Switzerland
Month
1009

Day

Year

2008

4. The ending date of this foreign affiliate’s 2008 fiscal year.
5. Did the foreign business enterprise become a foreign affiliate of the U.S. Reporter during the fiscal year?
1010

Yes, and this is its initial report — Affiliate was not previously owned by the U.S. Reporter
If "Yes," did the U.S. Reporter — Mark (X) one
2
2

Remarks

1
2

Establish the foreign affiliate?
Acquire a voting interest of 10 percent or more in an existing foreign company?

⎫
⎬
⎭

Month
Enter
date

Year

BE-11B(LF)
Part I — IDENTIFICATION OF MAJORITY-OWNED FOREIGN AFFILIATE — Continued
Percent of ownership at close
of fiscal year
DIRECT OWNERSHIP IN THIS FOREIGN AFFILIATE — Enter percent
of ownership, to a tenth of one percent, based on total voting stock, as
applicable, if an incorporated affiliate, or an equivalent interest if an
unincorporated affiliate, held directly by

Equity interest

Voting interest

2008
(1)

2008
(2)

6. U.S. Reporter named in item 1 — Report equity interest and voting interest.

1012

7. Other foreign affiliate(s) of U.S. Reporter named in Item 1 — If entry is made here,
complete items 14 and 15.

2
1013
2

8. Other U.S. Reporter(s) of this foreign affiliate — If entry is made here, item 16
must be "Yes."

1014
2

9. Foreign affiliate(s) of other U.S. Reporter(s) — If entry is made here, item 16
must be "Yes."

1015
2

10. Other U.S. persons

1016
2

11. Foreign persons in this affiliate’s country of location (not reported above)

1017
2

12. All other foreign persons (not reported above)

1018
2

13. TOTAL OF DIRECTLY HELD VOTING OWNERSHIP INTERESTS —
Sum of items 6 through 12

100.0 %

1019
2

14. INDIRECT OWNERSHIP IN THIS FOREIGN AFFILIATE — If there is an entry in item 7,
enter U.S. Reporter’s percent of indirect ownership in this affiliate. See Instruction
Booklet, Part I.B.1.c, for instructions on how to calculate indirect ownership percentage.

1020

15. Identification of foreign affiliate parent(s) — If there is an entry in item 7 — Enter below, the name(s) and percent(s) of
ownership of each foreign affiliate of the U.S. Reporter named in item 1 holding a direct ownership interest in this foreign
affiliate. Also, for each foreign affiliate in column (a) that is below the first tier in its ownership chain, enter in column (c)
the name of the foreign affiliate that holds a direct ownership interest in it.
Foreign affiliate(s) holding direct ownership interest in this foreign affiliate
Name and ID Number
Enter name and BEA ID Number of foreign
affiliate(s) holding a direct ownership interest
in this foreign affiliate.

Percent of direct
ownership in this
foreign affiliate

BEA
USE
ONLY

Close FY 2008
(b)

(a)

1191

1192

Name of foreign affiliate, if
any, in ownership chain
that holds direct interest in
foreign affiliate named in
column (a)

1193

(c)

TOTAL — Must equal percentage entered in Item 7

1021

16. Do two or more U.S. persons each directly or indirectly own or control at least 10 percent of this foreign affiliate’s voting
rights? Mark (X) one.
1022

1
1

1
2

Yes — Item 8 or 9 must have an entry, and item 17 must be completed.
See Instruction Booklet, Part I.B.2.e.(2).
No — Skip to item 22

17. If the answer to item 16 is "Yes," give name(s) and mailing address(es) of the other U.S. Reporter(s).
Name

Mailing address

18. BEA USE
ONLY

1024

19. BEA USE
ONLY

1025

20. BEA USE
ONLY

1026

21. BEA USE
ONLY

1027

Remarks

FORM BE-11B(LF) (REV. 11/2008)

Page 2

Affiliate ID Number

BE-11B(LF)

Part I — IDENTIFICATION OF MAJORITY-OWNED FOREIGN AFFILIATE — Continued
22. Major activity of foreign affiliate — Mark (X) one
Select the one activity below that best describes the major activity of the foreign affiliate. For an inactive affiliate,
select the activity based on its last active period; for "start-ups," select the intended activity.
1028

1
1
1

1
2
3

Producer of goods
Seller of goods the foreign affiliate does not produce
Producer or distributor of information

1
1

Provider of services

Other – Specify

23. What is the MAJOR product or service involved in this activity? If a product, briefly state what is done to it, i.e., whether it is
mined, manufactured, sold at wholesale, packaged, transported, etc. (For example, "Manufacture widgets.")
1029

Industry classification of foreign affiliate (based on sales or gross operating
revenues) — Enter the 4-digit International Surveys Industry (ISI) code(s) and the
sales or gross operating revenues associated with each code. For a full explanation
of each code, see the Guide to Industry Classifications for International
Surveys, 2002. For an inactive affiliate, enter an ISI code based on its last active
period. Holding companies (ISI code 5512) must show total income as reported in
item 39. Holding companies see Additional Instructions on page 10 for Part I,
items 24-32.
24. Largest sales or gross operating revenues

(1)
1

25. 2nd largest sales or gross operating revenues
26. 3rd largest sales or gross operating revenues

1032

27. 4th largest sales or gross operating revenues

1033

28. 5th largest sales or gross operating revenues

1034

29. 6th largest sales or gross operating revenues

1035

30. 7th largest sales or gross operating revenues

1036

31. Sales or gross operating revenues not accounted for above

1037

32. TOTAL SALES OR GROSS OPERATING REVENUES — Sum of
items 24 through 31

1038

Bil.
2

1030

1031

Sales or gross
operating revenues

ISI code

33. BEA
USE
ONLY

1039

1040

Remarks

FORM BE-11B(LF) (REV. 11/2008)

Page 3

Mil.

(2)
Thous. Dols.

BE-11B(LF)
Part II — FINANCIAL AND OPERATING DATA OF MAJORITY-OWNED FOREIGN AFFILIATE
Section A — Income Statement — See Additional Instructions for Part II, Section A, on page 10 at
the back of this form.

Amount

• INCOME

Bil. Mil. Thous. Dols.

34. Sales or gross operating revenues, excluding sales taxes — Must equal item 47, column (1).
(Dealers in financial instruments see Special Instructions, A.1., page 12; insurance companies
see Special Instructions, B.3.a., page 12.)

2041

$
1

35. Income from equity investments in foreign affiliates — For foreign affiliates owned 20 percent
or more (including those that are majority-owned), report equity in earnings during the reporting
period; for those owned less than 20 percent, report dividends or distributed earnings for
unincorporated affiliates. Do not include interest income.

2042

36. Income from other equity investments

2043

37. Certain realized and unrealized gains (losses) — Read the following instructions carefully as they are
based on economic accounting concepts and in some cases may deviate from what is normally required
by U.S. Generally Accepted Accounting Principles. Report gross amount before income tax effect. Include
income tax effect in item 41. Report gains (losses) resulting from:
a. Sales 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, A.1., page 12.
b. Sales or other dispositions of land, other property, plant and equipment, or other assets, (other than
from the sale of inventory assets in the ordinary course of business), and FAS 144 impairment losses.
(Real estate companies, see Special Instructions, A.2., page 12.)
c. Goodwill impairment as defined by FAS 142.
d. Restructuring costs that reflect write-downs or write-offs of assets or liabilities. (Exclude actual
payments and charges to establish reserves for future expected payments, such as for severance pay,
and fees to accountants, lawyers, consultants, or other contractors. Include actual payments, and
charges to established reserves for future expected payments, in item 40 (cost of goods sold or
services rendered and selling, general, and administrative expenses).)
e. Disposals of discontinued operations. (Exclude income from the operations of a discontinued segment.
Report such income as part of your income from operations in items 32 and 34.)
f. Re-measurement of foreign affiliate’s foreign-currency-denominated assets and liabilities due to
changes in foreign exchange rates during the reporting period.
g. Extraordinary, unusual, or infrequently occurring items that are material, including uninsured losses
from accidental damage or disasters and other material items, including write-ups, write-downs, and
write-offs of tangible and intangible assets and gains (losses) from the sales or other dispositions of
capital assets. (Exclude insured losses and legal judgments. Include in item 40.)
h. The cumulative effect of a change in accounting principle.
i. Change in accounting estimate of provision for expected stock option forfeitures under the
inception method as defined by FAS 123.

1
2044
1

38. Other income —Specify

2045
1

39. TOTAL INCOME — Sum of items 34 through 38

2046

• COSTS AND EXPENSES

$
1

40. Cost of goods sold or services rendered and selling, general, and administrative
expenses — (Insurance companies see Special Instructions, B.3.c., page 12.)

2047
1

41. Foreign income taxes — Provision for foreign income taxes for FY 2008
42. Other costs and expenses not included above, including minority interests in income (loss)
that arise out of consolidation — Specify

2048
1

2049
1

43. TOTAL COSTS AND EXPENSES — Sum of items 40 through 42

2050

• NET INCOME
44. NET INCOME (LOSS) — Item 39 minus item 43

2051

Remarks

FORM BE-11B(LF) (REV. 11/2008)

Page 4

Affiliate ID Number

BE-11B(LF)

Part II — FINANCIAL AND OPERATING DATA OF MAJORITY-OWNED FOREIGN AFFILIATE — Continued
• ADDENDUM
45. INSURANCE INDUSTRY ACTIVITIES — Premiums earned and losses incurred
Report premiums earned and losses incurred for insurance related activities covered by industry codes 5243
(Insurance carriers, except life insurance carriers) and 5249 (Life insurance carriers).
a. Of the total sales and gross operating revenues reported in item 32, column 2, were any of the sales or
revenues generated by insurance related activities covered by industry codes 5243 or 5249?
2180

1
1

Yes – Answer b and c

No – Skip to item 46
Amount
NOTE: Complete b and c ONLY if a is answered "Yes."
Bil.

Mil.

Thous.

Dols.

b. Premiums earned – Report premiums, gross of commissions, included in revenue during the
reporting year. Calculate as direct premiums written (including renewals) net of cancellations,
plus reinsurance premiums assumed, minus reinsurance premiums ceded, plus unearned
premiums at the beginning of the year, minus unearned premiums at the end of the year.
Exclude all annuity premiums. Also exclude premiums and policy fees related to universal and
adjustable life, variable and interest-sensitive life, and variable-universal life policies.

2181

c. Losses incurred — Report losses incurred for the insurance products covered by b above.
Exclude loss adjustment expenses and losses that relate to annuities. Also exclude losses related
to universal and adjustable life, variable and interest-sensitive life, and variable-universal life
policies.
For property and casualty insurance, calculate as net losses paid during the reporting year,
minus net unpaid losses at the beginning of the year, plus net unpaid losses at the end of the
year. In the calculation of net losses, include losses on reinsurance assumed from other
companies and exclude losses on reinsurance ceded to other companies. Unpaid losses include
both case reserves and losses incurred but not reported.

For life insurance, losses reflect policy claims on reinsurance assumed or on primary insurance
sold, minus losses recovered from reinsurance ceded, adjusted for changes in claims due,
unpaid, and in the course of settlement.

2182

46. WHOLESALE AND RETAIL TRADE INDUSTRY ACTIVITIES — Goods purchased for resale without further processing
Wholesale trade industry activities include the wholesale trade of durable goods and nondurable goods. The wholesale trade of
durable goods is covered by industry codes 4231 through 4239. The wholesale trade of nondurable goods is covered by industry
codes 4241 through 4249.
Retail trade industry activities are covered by industry codes 4410, 4420, 4431, 4440, 4450, 4461, 4471, 4480, 4510, 4520, 4530, and 4540.
See the Guide to Industry Classifications for International Surveys, 2002 for a detailed description of each of the wholesale and retail
trade industry codes listed above.
a. Of the total sales and gross operating revenues reported in item 32, column 2, were any
of the sales or revenues generated by wholesale or retail trade activities?
2183

1
1

Yes – Answer b and c

No – Skip to item 47
Amount
(1)

NOTE: Complete b and c ONLY if a is answered "Yes."
Bil.

Mil.

Thous. Dols.

b. Enter the cost of goods purchased for resale without further processing during the
fiscal year that ended in calendar year 2008.

2184

BALANCES
Close FY 2007
(Unrestated)
(2)

Close FY 2008
(1)
Bil.
1

c. Enter the closing balances at the end of fiscal years 2007 and 2008 of the
inventory of goods purchased for resale without further processing.

BEA USE ONLY

2064

Remarks

FORM BE-11B(LF) (REV. 11/2008)

2185

Page 5

Mil.

Thous. Dols.

Bil.
2

Mil.

Thous. Dols.

BE-11B(LF)
Part II — FINANCIAL AND OPERATING DATA OF MAJORITY-OWNED FOREIGN AFFILIATE — Continued
Section B — Distribution of Sales or Gross Operating Revenues — See Additional Instructions for Part II, Section B, on page 10
at the back of this form.
Distribute sales or gross operating revenues among three categories – sales of goods, sales of services, and investment income. For the
purpose of this distribution, "goods" are normally economic outputs that are tangible and "services" are normally economic outputs that
are intangible. When a sale consists of both goods and services and cannot be unbundled (i.e., the goods and services are not separately
billed), classify the sales as goods or services based on whichever accounts for a majority of the value. Give best estimates if actual
figures are not available. Insurance companies also see Special Instructions, B.3.d. and e., page 12.
47. Sales or gross
operating
revenues,
excluding
sales taxes
TOTAL
a. Column (1) Column (1) equals
the sum of
equals item
columns (2)
34.
through (7)
b. Each column of line
47 equals
(1)
the sum of
items 48, 49 Bil. Mil. Thous. Dols.
and 50.
2054

• BY TYPE
48. Sales of
goods

2055

49. Sales of
services

2056

50. Investment
income 2057

Local sales

To other
foreign
affiliates of
the U.S.
Reporter(s)

Sales to U.S.

To
unaffiliated
customers

(2)
2

(5)

(4)
4

To other
foreign
affiliates of
the U.S.
Reporter(s)

To
unaffiliated
customers

To U.S.
Reporter(s)

(3)

Sales to other countries

To
unaffiliated
customers

(7)

(6)

Section C — Number of Employees and Employee Compensation — See Additional Instructions for Part II, Section C, on
page 10 at the back of this form.
NUMBER OF EMPLOYEES — Employees on the payroll at the end of FY 2008 including part-time employees, but excluding temporary
and contract employees not included on your payroll records. A count taken at some other date during the reporting period may be
given provided it is a reasonable estimate of employees on the payroll at the end of FY 2008. If the number of employees at the end of
FY 2008 (or when the count was taken) was unusually high or low due to temporary factors (e.g., a strike), enter the number of
employees that reflects normal operations. If the number of employees fluctuates widely during the year due to seasonal business
variations, report the average number of employees on the payroll during FY 2008. Base such an average on the number of employees
on the payroll at the end of each pay period, month or quarter. If precise figures are not available, give your best estimate.
EMPLOYEE COMPENSATION — Sum of wages and salaries and employee benefit plans. Expenditures made by an employer in
connection with the employment of workers, including cash payments, stock based compensation, payments in-kind, and employer
expenditures for employee benefit plans including those required by statute. Base compensation data on payroll records. Report
compensation which relates to activities that occurred during the reporting period regardless of whether the activities were charged as
an expense on the income statement, charged to inventories, or capitalized. DO NOT include amounts related to activities of a prior
period, such as those capitalized or charged to inventories in prior periods.
Number of
employees
1

51. TOTAL NUMBER OF EMPLOYEES — Sum of items 52 and 53
By Standard Occupation Classification (SOC) — See Additional Instructions on page 10, at the
back of this form, for a list of the major SOC groups
52.
Managerial, professional and technical employees (SOC 11-29)

2065
1
2066
1

53.

All other employees (SOC 31-55)

2067

Amount
Bil.

• EMPLOYEE COMPENSATION

54. TOTAL EMPLOYEE COMPENSATION — Sum of items 55 and 56

2070

By Standard Occupation Classification (SOC)
55.

Managerial, professional and technical employees (SOC 11-29)

2073
1

56.

All other employees (SOC 31-55)

2074

57. If total employee compensation, item 54, is zero, is the compensation on the payroll of another foreign
affiliate?
2075

58. BEA USE
ONLY

Yes
No — Explain why compensation is zero.

2076

Remarks

FORM BE-11B(LF) (REV. 11/2008)

Page 6

Mil. Thous. Dols.

BE-11B(LF)

Affiliate ID Number

Part II — FINANCIAL AND OPERATING DATA OF MAJORITY-OWNED FOREIGN AFFILIATE — Continued
Section D — Balance Sheet — See Additional Instructions for Part II, Section D, on page 11 at the
back of this form.
Disaggregate all asset and liability items in the detail shown. Show accounts receivable and payable
between the U.S. Reporter and its foreign affiliate in the proper asset and liability accounts of the foreign
affiliate. Do not report them as a net amount.

Balance at close
of fiscal year
Bil.

59.

Mil.

Thous. Dols.

• ASSETS (Insurance companies see Special Instructions, B.2., page 12)
Cash items

2077

$
1

60.

Inventories

2081
1

61.

Other current assets

62.

Property, plant, and equipment — Gross

2082
1
2084
1

63.

Accumulated depreciation and depletion

64.

Equity investments in other foreign affiliates of which this affiliate is a parent — Report foreign
affiliates owned 20 percent or more (including majority-owned affiliates) on an equity basis. Report
foreign affiliates owned less than 20 percent in accordance with FAS 115 or lower of cost or market, as
appropriate.

2086

65.

Other noncurrent assets — Other noncurrent assets not reported elsewhere

2089

66.

TOTAL ASSETS — Sum of items 59 through 65

2090

2085

(
1

$
1

• LIABILITIES (Insurance companies see Special instructions, B.3.f., page 12)
67.

Trade accounts and trade notes payable, current

2091

68.

Other current liabilities and long-term debt

2092

69.

Other noncurrent liabilities

2093

70.

TOTAL LIABILITIES — Sum of items 67 through 69

2094

$
1

• OWNERS’ EQUITY — INCORPORATED AFFILIATE ONLY, complete items 71 through 77
71.

Capital stock and additional paid-in capital

2095

72.

Retained earnings (deficit)

2096

Balance at close
of fiscal year

Accumulated other comprehensive income (loss)

Bil.

Mil.

Thous. Dols.

73.

Translation adjustment component

74.

All other components

75.

Total accumulated other comprehensive income (loss) —
Equals sum of items 73 and 74.

2097

$
1

2098

$
1
2099
1

76. Other — Include treasury stock and involuntarily (or legally) restricted earnings — Specify

2100
1

77.

TOTAL OWNERS’ EQUITY (INCORPORATED FOREIGN AFFILIATE) — Equals item 66
minus item 70 and, equals the sum of items 71, 72, 75, and 76.

2101

78.

TOTAL OWNERS’ EQUITY (UNINCORPORATED FOREIGN AFFILIATE) —
Equals item 66 minus item 70.

$
1

• OWNERS’ EQUITY — UNINCORPORATED AFFILIATE ONLY, complete items 78 and 79
2102

$
1

79.

Translation adjustment — Cumulative amount at year end (per FAS 52) — That portion of
item 78 representing the affiliate’s cumulative translation adjustment account.

Remarks

FORM BE-11B(LF) (REV. 11/2008)

Page 7

2103

)

BE-11B(LF)
Part II — FINANCIAL AND OPERATING DATA OF MAJORITY-OWNED FOREIGN AFFILIATE — Continued
Section E — Composition of External Finances of Foreign Affiliate
TOTAL
With persons in
With U.S.
With other
Equals sum of
With other U.S.
this affiliate’s
Reporter(s) of this
foreign persons
columns (2)
persons
country
of location
affiliate
through (5)
(1)
(2)
(3)
(4)
(5)
Bil. Mil. Thous. Dols. Bil. Mil. Thous. Bil. Mil. Thous. Bil. Mil. Thous. Bil. Mil. Thous.

• CLOSE FY 2008
80.

81.

Current and noncurrent
receivables and
financial investments —
Column (1) equals those
accounts included in item
61 and 65 that are trade
accounts and trade notes
receivable and other
receivables, net of
1
allowances for doubtful
items; marketable
securities; stocks; bonds;
and other investments
2104 $
Current liabilities and
long-term debt —
Column (1) equals the
sum of items 67 and 68.

2105

Section F — Property, Plant and Equipment (PP&E) —
See Additional Instructions for Part II, Section F on page 11 at the back of this form.
PP&E includes land, timber, mineral and like rights owned, structures, machinery, equipment, special tools,
and other depreciable property; construction in progress; and capitalized and expensed tangible and
intangible exploration and development costs, but excludes other types of intangible assets, and land held
for resale. (Insurance companies see Special Instructions, B.3.g, page 12.)

Amount
Bil. Mil.

Thous. Dols.

82.

Expenditures for new and used property, plant, and equipment (PP&E)

83.

Current-period depreciation and depletion — Current-period charges against property, plant, and
equipment included in item 63.

84.

BEA USE
ONLY

2109

1
2111

2116

Section G — Change in Retained Earnings of Incorporated Foreign Affiliate or in Total Owners’ Equity of
Unincorporated Foreign Affiliate
85.

Amount
Bil. Mil.

Thous. Dols.

Balance, close FY 2007 before restatement due to a change in the entity or a change in
accounting methods or principles, if any —

2117

• CHANGES DURING FY 2008
86.

$
1

Restatement due to a change in the entity (i.e., due to mergers, acquisitions, divestitures, etc.) or
due to a change in accounting methods or principles. — Specify reasons for change
2118
1

87.
88.

Net income (loss) — Enter amount from item 44.
Dividends or net income remitted to owners
Incorporated affiliate — Enter amount of dividends declared, before deduction of withholding taxes, out of
current- and prior-period income on common and preferred stock. Exclude stock
and liquidating dividends.
Unincorporated affiliate — Enter amount of current- and prior-period net income remitted to owners
during FY 2008.

89.

Other increases (decreases) — Enter other increases (decreases) in retained earnings of an incorporated
affiliate, including stock dividends and liquidating dividends, or in total owners’ equity of an
unincorporated affiliate, including capital contributions (return of capital) — Specify

2119
1

2120
1

2122

90.

Balance, close FY 2008 — Sum of items 85, 86, 87, and 89, minus 88. Also, for an incorporated
affiliate, this item equals item 72. For an unincorporated affiliate, this item equals item 78.

2123

Section H — Interest and Taxes
91.

Amount
Bil.

Interest income — Interest received or due to the affiliate from all payors (including affiliated
persons), net of tax withheld at the source. Include all interest receipts included in items 34 and 38.
Do not net against interest expensed, item 92.

92.

Interest expensed or capitalized — Interest expensed or capitalized by the affiliate, paid or due to all
payees (including affiliated persons), gross of tax withheld. Do not net against interest income, item 91.

93.

Taxes (other than income and payroll taxes) and nontax payments (other than production
royalty payments) — Report all such taxes and nontax payments whether or not included in
revenues or expenses in the income statement. Include amounts paid or accrued for the year, net of
refunds or credits, to foreign governments, their subdivisions and agencies for —
a. Sales, value added, consumption, and excise taxes collected by the affiliate on goods and
services that the affiliate sold;
b. Property and other taxes on the value of assets and capital;
c. Any remaining taxes (other than income and payroll taxes); and
d. Import and export duties, license fees, fines, penalties, and all other payments or accruals of
nontax liabilities (other than production royalty payments for natural resources).

1
2124

$
1

2125
1

2127

Section I — Technology — See Additional Instructions for Part II, Section I, on page 11 at the back of this form.
• RESEARCH AND DEVELOPMENT (R&D) EXPENDITURES — Item 94 pertains to only R&D performed by the
foreign affiliate, including R&D performed by the affiliate for others (including the U.S. Reporter or its other foreign
affiliates) under contract. This is the basis on which National Science Foundation surveys request information on
R&D. (Exclude the cost of any R&D funded by the affiliate but performed by others, such as the affiliate’s allocated
share of R&D performed by the U.S. Reporter (report such R&D on Form BE-11A, item 60).

Amount
Bil.
1

Include all costs incurred in performing R&D, including depreciation, amortization, wages and salaries, property
taxes and other taxes (except income taxes), materials and supplies, allocated overhead, and indirect costs.
94.

R&D performed BY the affiliate

95.

96.

BEA USE
ONLY

2129

BEA USE
ONLY

2143

FORM BE-11B(LF) (REV. 11/2008)

2138

Page 8

Mil. Thous. Dols.

Affiliate ID Number

BE-11B(LF)

Part III — U.S. EXPORTS TO AND U.S. IMPORTS FROM MAJORITY-OWNED FOREIGN AFFILIATE
Goods only valued f.a.s. at port of exportation; do not include services — See Instruction Booklet, Part V.
IMPORTANT NOTES
Report U.S. exports of goods to and U.S. imports of goods from
the foreign affiliate in FY 2008. Report all goods that physically
left or entered the U.S. customs area. Report data on a "shipped"
basis, i.e., on the basis of when and to (or by) whom the goods
were shipped. This is the same basis as official U.S. trade
statistics to which these data will be compared. Do not record a
U.S. import or export if the goods did not physically enter or
leave (i.e., were not physically shipped to or from) the United
States, even if they were charged to the foreign affiliate by, or
charged by the foreign affiliate to, a U.S. person.
Foreign affiliates normally keep their accounting records on a
"charged" basis, i.e., on the basis of when and to (or by) whom
the goods were charged. The "charged" basis may be used if
there is no material difference between it and the "shipped"
basis. If there is a material difference, the "shipped" basis must
be used or adjustments made to the data on a "charged" basis to
approximate a "shipped" basis. The data should include goods
only; they should exclude services.
Capital goods — Include capital goods but exclude the value of
ships, planes, railroad rolling stock, and trucks that were
temporarily outside the United States transporting people or
goods.
Consigned goods — Include consigned goods in the trade
figures when shipped or received, even though they are not
normally recorded as sales or purchases, or entered into
intercompany accounts when initially consigned.
97.

In-transit goods — Exclude from exports and imports the value
of goods that are in-transit. In-transit goods are goods that are
not processed or consumed by residents in the intermediate
country(ies) through which they transit; the in-transit goods enter
that country(ies) only because that country(ies) is along the
shipping lines between the exporting and importing countries.
In-transit goods are goods en route from one foreign country to
another via the United States (such as from Canada to Mexico via
the United States), and in-transit exports are goods en route from
one part of the United States to another part via a foreign
country (such as from Alaska to Washington State via Canada).
Packaged general use computer software — Include exports and
imports of packaged general use computer software. Value such
exports and imports at the full transaction value, i.e., the market
value of the media on which the software is recorded and the value
of the information contained on the media. Do not include exports
and imports of customized software designed to meet the needs of a
specific user. This type of software is considered a service and
should not be included as trade in goods. Also do not include
negotiated leasing fees for software that is to be used on networks.
Natural gas, electricity, and water — Report ONLY the product
value of natural gas, electricity, and water that you produce or sell at
wholesale as exports and imports of goods. DO NOT report the
service value (transmission and distribution).

On what basis were the trade data in the section prepared? — Mark (X) one.

4172

"Shipped" basis

"Charged" basis without adjustments, because there is no material difference between the "charged" and "shipped"
bases.
"Charged" basis with adjustments to correct for material differences between the "charged" and "shipped" bases.

U.S. EXPORTS OF GOODS TO THIS FOREIGN
AFFILIATE (Valued f.a.s. U.S. port)

Shipped by U.S.
Reporter(s)

TOTAL

Shipped by other
U.S. persons

(1)
(2)
(3)
Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols.
98.

Total goods shipped in FY 2008 from the U.S.
to this affiliate

4173

U.S. IMPORTS OF GOODS FROM THIS FOREIGN
AFFILIATE (Valued f.a.s. foreign port)

Shipped to U.S.
Reporter(s)

TOTAL

Shipped to other
U.S. persons

(1)
(2)
(3)
Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols. Bil. Mil. Thous. Dols.
1

99.

Total goods shipped in FY 2008 to the U.S.
by this affiliate

4178

100. BEA USE ONLY

4179

Remarks

FORM BE-11B(LF) (REV. 11/2008)

Page 9

2008 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-11B(LF)
ADDITIONAL INSTRUCTIONS BY ITEM
• Energy trading activities where you take title to the goods.

Part I — IDENTIFICATION OF FOREIGN AFFILIATE
3. Country of location — If the affiliate is engaged in petroleum
shipping, other water transportation, or oil and gas drilling, and has
operations spanning more than one country, use country of
incorporation for country of location. For example, classify in
country of incorporation an oil drilling rig that moves from country
to country during the year.
6. Ownership by U.S. Reporter named in item 1.
Equity interest is the U.S. Reporter’s direct ownership in the total
equity (voting and nonvoting) of the affiliate. Examples of
nonvoting equity include nonvoting stock and a limited partner’s
interest in a partnership.
Voting interest is the U.S. Reporter’s direct ownership in just the
voting equity of the affiliate. Examples of voting equity include
voting stock and a general partner’s interest in a partnership.
Thus, a U.S. Reporter could have a 100 percent direct voting
interest in an affiliate but own less than 100 percent of the
affiliate’s total equity.
24.—32.
Sales or gross operating revenues of foreign affiliate, by
industry of sales or gross operating revenues. See Additional
Instructions for Part II, Section A, item 34 below.
Holding companies (ISI code 5512) must show total income as
reported in item 39. To be considered a holding company, income
from equity investments (items 35 and 36) must be more than 50
percent of total income (item 39). In addition, normally at least 50
percent of total assets must consist of investments in affiliates. ISI
code 5512, (holding company), is an invalid classification if more
than 50 percent of income generated, or expected to be generated,
by an affiliate is from non-holding company activities.
Dealers in financial instruments and finance, insurance, and
real estate companies see Special Instructions on page 12.
Part II — FINANCIAL AND OPERATING DATA OF FOREIGN
AFFILIATE

• Section A — Income Statement
34. Sales or gross operating revenues, excluding sales taxes —
Report gross operating revenues or gross sales minus returns,
allowances, and discounts. Exclude sales or consumption taxes
levied directly on the consumer. Exclude net value-added and
excise taxes levied 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. Report such gains or
losses on page 4, item 37. Affiliates classified in ISI codes 5223,
5224, 5231, 5238, 5252 and 5331 report interest income on this
line. Insurance companies with ISI codes 5243 and 5249 should
include gross investment income in this item. Dealers in financial
instruments and finance, insurance, and real estate companies see
Special Instructions on page 12.
35. Income from equity investments in foreign affiliates —
Report income from equity investments shown in item 64 of all
foreign affiliates whether or not they are required to file a form
BE-11B. Do not report interest income here. Report interest in item
34 or 38 as appropriate.
36. Income from other equity investments — Report income from
equity investments included in item 65. Do not include interest
income here. Report interest in item 34 or 38 as appropriate.

NOTE: If you act in the capacity of a broker or agent to facilitate
the sale of goods and you do not take title to the goods, report
your revenue (i.e., commissions) as sale of services in item 49.
• Magazines and periodicals sold in retail stores. NOTE: Report
subscription sales as sales of services in item 49.
• Packaged general use computer software
• Structures sold by businesses in real estate.
• Revenues earned from building structures by businesses in
construction
• Electricity, Natural gas, and Water NOTE: Revenues derived from
transmitting and/or distributing these goods, as opposed to
revenues derived from the sale of the actual product, should to
the extent feasible, be reported as sales of services in item 49.
49. Sales of services — Services are normally economic outputs that
are intangible. Report as sales of services:
• Advertising revenue.
• Commissions and fees earned by companies engaged in finance
and real estate activities.
• Premiums earned by companies engaged in insurance activities.
NOTE: Calculate as direct premiums written (including renewals)
net of cancellations, plus reinsurance premiums assumed, minus
reinsurance premiums ceded, plus unearned premiums at the
beginning of the year, minus unearned premiums at the end of
the year.
• Commissions earned by agents or brokers (i.e., wholesalers)
who act on behalf of buyers and sellers in the wholesale
distribution of goods. NOTE: Agents or brokers do not take title
to the goods being sold.
• Magazines and periodicals sold through subscriptions. NOTE:
Report magazines and periodicals sold through retail stores, as
sales of goods in item 48.
• Newspapers.
• Pipeline transportation.
• Software downloaded from the Internet, electronic mail, an
Extranet, an Electronic Data Interchange network, or some other
online system.

• Computer systems design and related services.
• Negotiated licensing fees for software to be used on networks.
• Electricity transmission and distribution, natural gas distribution,

and water distribution.
Report the source of real estate rental income in columns 2
through 7 based on the location of the property.

50. Investment income — Report dividends and interest generated
by finance and insurance activities as investment income. NOTE:
Report commissions and fees as sales of services in item 49.
Finance or insurance companies that include investment income in
gross operating revenues should report the source of such
investment income in columns 2 through 7 based on the location
of the issuer of the financial instrument whether publicly issued or
privately placed. If the location of the issuer is unknown, then
substitute the nationality of the issuer. If both the location and
nationality of the issuer are unknown, and an intermediary (e.g.,
trustee, custodian, or nominee) is used to manage the investment
(financial instrument or real estate) use the country of location of
the intermediary.

• Section C — Number of Employees and Employee
Compensation

38. Other income — Report non-operating and other income not
included in items 34—37.

52., 53., 55., and 56.

40. Cost of goods sold or services rendered and selling,
general, and administrative expenses — Report operating
expenses that relate to sales or gross operating revenues (item 34)
and selling, general, and administrative expenses. Include
production royalty payments to governments, their subdivisions
and agencies, and to other persons. Include depletion charges
representing the amortization of the actual cost of capital assets
but exclude all other depletion charges. Companies with ISI codes
5223, 5224, 5231, 5238, 5252 and 5331 should include interest
expense.
41. Foreign income taxes — Exclude production royalty payments
and U.S. income taxes.
42. Other costs and expenses not included above, including
minority interests in income (loss) that arise out of consolidation — Report the net effect of any minority interest in the
income and expense items as a lump sum in this item.

• Section B — Distribution of Sales or Gross Operating
Revenues

47.—50.
Disaggregate the total sales or gross operating revenues into sales
of goods, investment income, and sales of services.
48. Sales of goods — Goods are normally economic outputs that are
tangible. Report as sales of goods:
• Mass produced media, including exposed film, video tapes, DVD’s,
audio tapes, and CD’s.

• Books, NOTE: Book publishers – To the extent feasible, report as

sales of services all revenues associated with the design, editing,
and marketing activities necessary for producing and distributing
books that you both publish and sell. If you cannot unbundle (i.e.,
separate) these revenues from the value of the books you sell,
then report your total sales as sales of goods or services based
on the activity that accounts for a majority of the value.

FORM BE-11B(LF) (REV. 11/2008)

Page 10

Managerial, professional and technical employees — Covers
employees in Standard Occupation Classification System (SOC)
groups 11—29 listed below:
11-Management Occupations
13-Business and Financial Operations Occupations
15-Computer and Mathematical Occupations
17-Architecture and Engineering Occupations
19-Life, Physical, and Social Science Occupations
21-Community and Social Services Occupations
23-Legal Occupations
25-Education, Training, and Library Occupations
27-Arts, Design, Entertainment, Sports, and Media
Occupations
29-Healthcare Practitioners and Technical Occupations
All other employees — Covers employees in SOC groups 31—55
listed below:
31-Healthcare Support Occupations
33-Protective Service Occupations
35-Food Preparation and Serving Related Occupations
37-Building and Grounds Cleaning and Maintenance
Occupations
39-Personal Care and Service Occupations
41-Sales and Related Occupations
43-Office and Administrative Support Occupations
45-Farming, Fishing, and Forestry Occupations
47-Construction and Extraction Occupations
49-Installation, Maintenance, and Repair Occupations
51-Production Occupations
53-Transportation and Material Moving Occupations
55-Military Specific Occupations
The SOC and related information can be found at the Bureau of
Labor Statistics web site www.bls.gov. Using the A–Z index, select
Standard Occupational Classification (SOC).

Part II — FINANCIAL AND OPERATING DATA OF FOREIGN
AFFILIATE — Continued

71. Capital stock and additional paid-in capital — Include
common and preferred, voting and nonvoting capital stock and
additional paid-in capital.

• Section C — Number of Employees and Employee
Compensation — Continued

72.

54. Employee compensation — Consists of wages and salaries of
employees and employer expenditures for all employee benefit
plans.
Wages and salaries — Report 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, stock based compensation, and commissions.
Exclude commissions paid to independent personnel who are not
employees.
Include direct payments by employers for vacations, sick leave,
severance (redundancy) pay, etc. Exclude payments made by, or
on behalf of, benefit funds rather than by the employer. (Include
employer contributions to benefit funds in "employee benefit
plans.")

74. All other components of owner’s equity — Include the
cumulative balance of unrealized holding gains and losses due to
changes in the valuation of available-for-sale securities per FAS
115 and any other comprehensive income items required to be
displayed separately from retained earnings as per FAS 130.

• Section F — Property, Plant and Equipment (PP&E)
82. Expenditures for new and used PP&E — Include items leased
from others (including land) under capital leases. Also include
the capitalized value of timber, mineral and similar rights leased
by the affiliate from others. Exclude items the affiliate has sold
under a capital lease.
Exclude from expenditures all changes in PP&E, resulting from
a change in the entity (e.g., mergers, acquisitions, divestitures,
etc.) or accounting principles during FY 2008.

Include in-kind payments, valued at their cost, that are clearly and
primarily of benefit to the employees as consumers. Do not include
expenditures that benefit employers as well as employees, such as
expenditures for plant facilities, employee training programs, and
reimbursement of business expenses.
Employee benefit plans — Report employer expenditures for all
employee benefit plans including those mandated by government
statute, those resulting from collective bargaining contracts and
those that are voluntary. 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. Also, include deferred post employment and post retirement
expenses per FAS 106. If plans are financed jointly by the
employer and the employee, include only the contributions of the
employer.

For foreign affiliates engaged in exploring for or
developing natural resources, include exploration and
development expenditures made during FY 2008 that were
capitalized, including capitalized expenditures to acquire or lease
mineral rights. Do not include adjustments for expenditures
charged against income in prior years but subsequently
capitalized during FY 2008.

• Section I — Technology
94. Research and development expenditures — R&D includes
the following:

• Section D — Balance Sheet
59. Cash items — Include deposits in financial institutions and other
cash items. Do NOT include overdrafts as negative cash. Instead,
report overdrafts in item 68 (other current liabilities and long-term
debt). Exclude certificates of deposits (CDs) of the affiliate
representing cash on deposit with others. Instead, report CDs in
item 61 (other current assets) or 65 (other noncurrent assets) as
appropriate.

1. The planned, systematic pursuit of new knowledge or
understanding toward general application (basic
research);
2. The acquisition of knowledge or understanding to meet a
specific, recognized need (applied research); and
3. The application of knowledge or understanding toward
the production or improvement of a product, service,
process, or method (development).
Basic research is the pursuit of new scientific knowledge or
understanding that does not have specific immediate
commercial objectives, although it may be in fields of present
or potential commercial interest.

60. Inventories — Land development companies should exclude
land held for resale (include in item 61). Finance and insurance
companies should exclude inventories of marketable securities
(include in item 61 or 65, as appropriate).
62. Property, plant, and equipment gross — Report gross book
value of land, timber, mineral rights and similar rights owned. Also
include structures, machinery, equipment, special tools, deposit
containers, construction in progress, and capitalized tangible and
intangible exploration and development costs of the foreign
affiliate. Include items on capital leases from others, per FAS 13.
Exclude all other types of intangible assets, and land held for
resale. (Unincorporated affiliates include items owned by the
U.S. Reporter(s) but in the affiliate’s possession whether or not
carried on the affiliate’s books or records. However, insurance
companies see Special Instructions B.2, page 12.)
64. Equity investments in other foreign affiliates of which this
affiliate is a parent — Report this affiliate’s equity investment
in other foreign affiliates of the U.S. Reporter(s), including
branches of this affiliate. (If this line has an entry, item 35 should
contain data.)
65. Other noncurrent assets — Include the noncurrent portion of
CD’s held by others; other equity investments; noncurrent
marketable securities; other noncurrent investments; noncurrent
trade accounts and trade notes receivable net of allowance for
doubtful items; intangible assets net of amortization; and any other
noncurrent assets not reported elsewhere. Report credit balances in
these accounts in item 69, other noncurrent liabilities.
68.

Other current liabilities and long-term debt — Include
overdrafts, other current liabilities not included in item 67, and
long-term debt. Include intercompany debt as well as debt with
unaffiliated parties. Also include lease obligations capitalized per
FAS 13 with an original maturity of more than one year or with no
stated maturity.

69.

Other noncurrent liabilities — Include noncurrent items but
exclude long-term debt. Include deferred taxes and minority
interest in consolidated subsidiaries.

FORM BE-11B(LF) (REV. 11/2008)

Retained earnings (deficit) — Include earnings retained by the
corporation and legally available for dividends; and earnings
voluntarily restricted.

Page 11

Applied research applies the findings of basic research or
other existing knowledge toward discovering new scientific
knowledge that has specific commercial objectives with respect
to new products, services, processes, or methods.
Development is the systematic use of the knowledge or
understanding gained from research or practical experience
directed toward the production or significant improvement of
useful products, services, processes, or methods, including the
design and development of prototypes, materials, devices, and
systems.
R&D includes the activities described above, whether assigned
to separate organizational units of the company or conducted by
company laboratories and technical groups that are not a part of
a separate R&D organization.
Exclude expenditures for quality control; routine product testing;
market research; sales promotion, sales service, and other
nontechnological activities; routine technical services; research
in the social sciences or psychology; geological and geophysical
exploration activities, and advertising programs to promote or
demonstrate new products or processes.
Include all costs incurred to support R&D. Include wages,
salaries, and related costs; materials and supplies consumed;
R&D depreciation, cost of computer software used in R&D
activities; utilities, such as telephone, telex, electricity, water,
and gas; travel costs and professional dues; property taxes and
other taxes (except income taxes) incurred on account of the
R&D organization or the facilities they use; insurance expenses;
maintenance and repair, including maintenance of buildings and
grounds; company overhead including: personnel, accounting,
procurement and inventory, and salaries of research executives
not on the payroll of the R&D organization. Exclude capital
expenditures, expenditures for tests and evaluations once a
prototype becomes a production model, patent expenses, and
income taxes and interest.

SPECIAL INSTRUCTIONS FOR DEALERS IN FINANCIAL
INSTRUMENTS, FINANCE COMPANIES, INSURANCE
COMPANIES AND REAL ESTATE COMPANIES

A. Certain realized and unrealized gains (losses) for (1) dealers in
financial instruments and finance and insurance companies,
and (2) real estate companies.
1. Dealers in financial instruments (including securities,
currencies, derivatives, and other financial instruments)
and finance and insurance companies — Include in item 37:
• impairment losses as defined by FAS 115,
• realized gains and losses on trading or dealing,
• unrealized gains or losses, due to changes in the valuation
of financial instruments, that flow through the income
statement, and
• goodwill impairment as defined by FAS 142.
EXCLUDE from item 37, unrealized gains or losses due to
changes in the valuation of financial instruments that are taken
to other comprehensive income. Reflect such changes in item
74 (all other components of accumulated other comprehensive
income (loss)).
EXCLUDE from item 37, income from explicit fees and
commissions. Include income from these fees and commissions
as operating income in items 32 and 34 and as sales of services in
item 49.
2. Real estate companies — Include in item 37:
• impairment losses, as defined by FAS 144 and
• goodwill impairment as defined by FAS 142.
EXCLUDE the revenues earned and expenses incurred from the
sale of real estate you own. Such revenues should be reported as
operating income in items 32, 34, and 47 and as sales of goods in
item 48. Such expenses, including the net book value of the real
estate sold, should be reported as costs of goods sold in item 40.
Do not net the expenses against the revenues.
B. Special Instructions for insurance companies
1. When there is a difference between the financial and operating
data reported to the stockholders and the data reported in the
annual statement to an insurance department, prepare the BE-11
on the same basis as the annual report to the stockholders.
Valuation should be according to normal commercial accounting
procedures, not at rates promulgated by national insurance
departments, e.g., include assets not acceptable for inclusion in
the annual statement to an insurance department, such as:
1. non-trusteed or free account assets and 2. nonadmitted assets,
including furniture and equipment, agents’ debit balances, and
all receivables deemed to be collectible. Include mandatory
securities valuation reserves that are appropriations of retained
earnings in the owners’ equity section of the balance sheet not
in the liability section.

FORM BE-11B(LF) (REV. 11/2008)

Page 12

2. Do not include assets of the U.S. Reporter held in the country of
location of the affiliate that are for the benefit of the U.S.
Reporter’s policyholders.
3. Instructions for reporting specific items
a. Sales or gross operating revenues, excluding sales
taxes (item 34) — Include items such as earned premiums,
annuity considerations, gross investment income, and items
of a similar nature. Exclude income from equity investments
in unconsolidated business enterprises that is to be reported
in item 35 and exclude certain realized and unrealized gains
or losses that are to be reported in item 37.
b. Certain realized and unrealized gains (losses)
(item 37) — See Special Instructions, A.1.
c. Cost of goods sold or services rendered and selling,
general, and administrative expenses (item 40) —
Include costs relating to sales or gross operating revenues,
such as policy losses incurred, death benefits, matured
endowments, other policy benefits, increases in liabilities for
future policy benefits, and other underwriting expenses.
d. Sales of services (item 49, column 1) — Include premium
income and income from other services, if any. See
Additional Instructions for Part II, Section B., item 49, on
page 10.
e. Investment income (item 50, column 1) — Report that
portion of sales or gross operating revenues that is
investment income. However, report any gains or losses on
investments, in accordance with Special Instructions, A.1.
See Additional Instructions for Part II, Section B, item 50,
on page 10 to determine the location of the transactor of
investment income.
f. Current liabilities and long-term debt (items 67
and 68) — 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. Include policy reserves in "Other noncurrent liabilities,"
item 69, unless they are clearly current liabilities.
g. Expenditures for property, plant, and equipment
(item 82) — Include expenditures WHEREVER CLASSIFIED IN
THE BALANCE SHEET (e.g., include expenditures that have
been classified in "other noncurrent assets").

SUMMARY OF INDUSTRY CLASSIFICATIONS

AGRICULTURE, FORESTRY,
FISHING, AND HUNTING
1110
1120
1130
1140
1150

Crop production
Animal production
Forestry and logging
Fishing, hunting, and trapping
Support activities for agriculture
and forestry

MINING
2111
2121
2123
2124
2125
2126
2127
2132

Oil and gas extraction
Coal
Nonmetallic minerals
Iron ores
Gold and silver ores
Copper, nickel, lead, and zinc ores
Other metal ores
Support activities for oil and gas
operations
2133 Support activities for mining,
except for oil and gas
operations
UTILITIES
2211 Electric power generation,
transmission, and distribution
2212 Natural gas distribution
2213 Water, sewage, and other systems
CONSTRUCTION
2360 Construction of buildings
2370 Heavy and civil engineering
construction
2380 Specialty trade contractors
MANUFACTURING
3111
3112
3113
3114
3115
3116
3117
3118
3119
3121
3122
3130
3140
3150
3160
3210
3221
3222
3231
3242
3243
3244
3251
3252
3253
3254
3255
3256
3259
3261
3262
3271
3272
3273
3274
3279
3311
3312
3313
3314
3315
3321

Animal foods
Grain and oilseed milling
Sugar and confectionery products
Fruit and vegetable preserving
and specialty foods
Dairy products
Meat products
Seafood product preparation and
packaging
Bakeries and tortillas
Other food products
Beverages
Tobacco
Textile mills
Textile product mills
Apparel
Leather and allied products
Wood products
Pulp, paper, and paperboard mills
Converted paper products
Printing and related support
activities
Integrated petroleum refining
and extraction
Petroleum refining without
extraction
Asphalt and other petroleum
and coal products
Basic chemicals
Resins, synthetic rubbers, and
artificial and synthetic fibers
and filaments
Pesticides, fertilizers, and other
agricultural chemicals
Pharmaceuticals and medicines
Paints, coatings, and adhesives
Soap, cleaning compounds, and
toilet preparations
Other chemical products and
preparations
Plastics products
Rubber products
Clay products and refractories
Glass and glass products
Cement and concrete products
Lime and gypsum products
Other nonmetallic mineral
products
Iron and steel mills and
ferroalloys
Steel products from purchased
steel
Alumina and aluminum
production and processing
Nonferrous metal (except
aluminum) production and
processing
Foundries
Forging and stamping

FORM BE-11B(LF) (REV. 11/2008)

3322 Cutlery and handtools
3323 Architectural and structural metals
3324 Boilers, tanks, and shipping
containers
3325 Hardware
3326 Spring and wire products
3327 Machine shops; turned products;
and screws, nuts, and bolts
3328 Coating, engraving, heat treating,
and allied activities
3329 Other fabricated metal products
3331 Agriculture, construction, and
mining machinery
3332 Industrial machinery
3333 Commercial and service industry
machinery
3334 Ventilation, heating, airconditioning, and commercial
refrigeration equipment
3335 Metalworking machinery
3336 Engines, turbines, and power
transmission equipment
3339 Other general purpose machinery
3341 Computer and peripheral
equipment
3342 Communications equipment
3343 Audio and video equipment
3344 Semiconductors and other
electronic components
3345 Navigational, measuring,
electromedical, and control
instruments
3346 Manufacturing and reproducing
magnetic and optical media
3351 Electric lighting equipment
3352 Household appliances
3353 Electrical equipment
3359 Other electrical equipment and
components
3361 Motor vehicles
3362 Motor vehicle bodies and trailers
3363 Motor vehicle parts
3364 Aerospace products and parts
3365 Railroad rolling stock
3366 Ship and boat building
3369 Other transportation equipment
3370 Furniture and related products
3391 Medical equipment and supplies
3399 Other miscellaneous
manufacturing
WHOLESALE TRADE
MERCHANT WHOLESALERS, DURABLE
GOODS
4231 Motor vehicles and motor vehicle
parts and supplies merchant
wholesalers
4232 Furniture and home furnishing
merchant wholesalers
4233 Lumber and other construction
materials merchant wholesalers
4234 Professional and commercial
equipment and supplies
merchant wholesalers
4235 Metal and mineral (except
petroleum) merchant
wholesalers
4236 Electrical and electronic goods
merchant wholesalers
4237 Hardware, and plumbing and
heating equipment and supplies
merchant wholesalers
4238 Machinery, equipment, and
supplies merchant wholesalers
4239 Miscellaneous durable goods
merchant wholesalers
MERCHANT WHOLESALERS
NONDURABLE GOODS
4241 Paper and paper product
merchant wholesalers
4242 Drugs and druggists’ sundries
merchant wholesalers
4243 Apparel, piece goods, and notions
merchant wholesalers
4244 Grocery and related product
merchant wholesalers
4245 Farm product raw material
merchant wholesalers
4246 Chemical and allied products
merchant wholesalers
4247 Petroleum and petroleum
products merchant wholesalers
4248 Beer, wine, and distilled alcoholic
beverage merchant wholesalers
4249 Miscellaneous nondurable goods
merchant wholesalers
Page 13

ELECTRONIC MARKETS AND AGENTS
AND BROKERS
4251 Wholesale electronic markets and
agents and brokers
RETAIL TRADE
4410 Motor vehicle and parts dealers
4420 Furniture and home furnishings
stores
4431 Electronics and appliance stores
4440 Building material and garden
equipment and supplies dealers
4450 Food and beverage stores
4461 Health and personal care stores
4471 Gasoline stations
4480 Clothing and clothing accessories
stores
4510 Sporting goods, hobby, book, and
music stores
4520 General merchandise stores
4530 Miscellaneous store retailers
4540 Nonstore retailers
TRANSPORTATION AND
WAREHOUSING
4810
4821
4833
4839
4840
4850
4863
4868
4870
4880
4920
4932
4939

Air transportation
Rail transportation
Petroleum tanker operations
Other water transportation
Truck transportation
Transit and ground passenger
transportation
Pipeline transportation of crude
oil, refined petroleum products,
and natural gas
Other pipeline transportation
Scenic and sightseeing
transportation
Support activities for
transportation
Couriers and messengers
Petroleum storage for hire
Other warehousing and storage

INFORMATION
5111 Newspaper, periodical, book, and
directory publishers
5112 Software publishers
5121 Motion picture and video
industries
5122 Sound recording industries
5151 Radio and television broadcasting
5152 Cable and other subscription
programming
5161 Internet publishing and
broadcasting
5171 Wired telecommunications
carriers
5172 Wireless telecommunications
carriers (except satellite)
5173 Telecommunications resellers
5174 Satellite telecommunications
5175 Cable and other program
distribution
5179 Other telecommunications
5181 Internet service providers and
web search portals
5182 Data processing, hosting, and
related services
5191 Other information services
FINANCE AND INSURANCE
5221 Depository credit intermediation
(Banking)
5223 Activities related to credit
intermediation
5224 Nondepository credit
intermediation
5229 Nondepository branches and
agencies
5231 Securities and commodity
contracts intermediation and
brokerage
5238 Other financial investment
activities and exchanges
5242 Agencies, brokerages, and other
insurance related activities
5243 Insurance carriers, except life
insurance carriers
5249 Life insurance carriers
5252 Funds, trusts, and other financial
vehicles

SUMMARY OF INDUSTRY CLASSIFICATIONS

REAL ESTATE AND RENTAL AND
LEASING
5310 Real estate
5321 Automotive equipment rental and
leasing
5329 Other rental and leasing services
5331 Lessors of nonfinancial intangible
assets (except copyrighted
works)
PROFESSIONAL, SCIENTIFIC, AND
TECHNICAL SERVICES
5411 Legal services
5412 Accounting, tax preparation,
bookkeeping, and payroll
services
5413 Architectural, engineering, and
related services
5414 Specialized design services
5415 Computer systems design and
related services
5416 Management, scientific, and
technical consulting services
5417 Scientific research and
development services
5418 Advertising and related services
5419 Other professional, scientific, and
technical services

MANAGEMENT OF COMPANIES
AND ENTERPRISES

ARTS, ENTERTAINMENT, AND
RECREATION

5512 Holding companies, except bank
holding companies
5513 Corporate, subsidiary, and
regional management offices

7110 Performing arts, spectator sports,
and related industries
7121 Museums, historical sites, and
similar institutions
7130 Amusement, gambling, and
recreation industries

ADMINISTRATIVE AND SUPPORT
AND WASTE MANAGEMENT AND
REMEDIATION SERVICES
5611
5612
5613
5614
5615
5616
5617
5619
5620

Office administrative services
Facilities support services
Employment services
Business support services
Travel arrangement and
reservation services
Investigation and security services
Services to buildings and
dwellings
Other support services
Waste management and
remediation services

EDUCATIONAL SERVICES
6110 Educational services
HEALTH CARE AND SOCIAL
ASSISTANCE
6210 Ambulatory health care services
6220 Hospitals
6230 Nursing and residential care
facilities
6240 Social assistance

FORM BE-11B(LF) (REV. 11/2008)

Page 14

ACCOMMODATION AND FOOD
SERVICES
7210 Accommodation
7220 Food services and drinking places
OTHER SERVICES
8110 Repair and maintenance
8120 Personal and laundry services
8130 Religious, grantmaking, civic,
professional, and similar
organizations
PUBLIC ADMINISTRATION
9200 Public administration

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File Modified	2008-11-14
File Created	2008-11-14