Be-11b(ez)

FORM

BE-11B(EZ)

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(EZ) (Report for Selected Nonbank Foreign Affiliates)
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

BEA USE ONLY

Z

Affiliate ID Number

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 — A BE-11B(EZ) is required to be filed for each nonbank foreign affiliate selected by BEA to be reported on this form
in lieu of Form BE-11B(SF).

•

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.

•

Contact us for help — Telephone: 202–606–5566; FAX: 202–606–5312; E-mail: be10/[email protected].

Part I — IDENTIFICATION OF FOREIGN AFFILIATE
See Additional Instructions for Part I on page 3 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

1

100

Canada

1

650

China

France
Germany

1

611

Hong Kong

1

314

Italy

1 614
1 213
1

319

1

325

Japan
Mexico

1 327
1

United Kingdom
Other — Specify

Netherlands
Switzerland
Month
1009

Day

Year

1

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

1

1

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

1

2

1
2

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

⎫
⎬ Enter
date
⎭

Month

Year

3

No

Ownership interest in this Foreign Affiliate by U.S. Reporter named in item 1

Percent of
ownership at
close of fiscal
year 2008

Percent of voting stock for an incorporated affiliate, or an equivalent interest for an unincorporated
affiliate.
2

6. Direct ownership interest held by U.S. Reporter named in item 1

1012

.

%

.

%

.

%

2

7. Indirect ownership interest held through U.S. Reporter’s other foreign affiliates — See
Instruction Booklet, Part I.B.1.c., on how to calculate indirect ownership interest. (If entry is made
here, complete item 9.)

1020
2

8. Total ownership interests of U.S. Reporter — Sum of items 6 and 7

1050

BE-11B(EZ)
Part I — IDENTIFICATION OF FOREIGN AFFILIATE — Continued
9. 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 direct
ownership in
this foreign affiliate

BEA
USE
ONLY

Close FY 2008
(b)

(a)

a.

1

2

1

2

1191

b.

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

1192

(c)

.

%

.

%

.

%

2

TOTAL

1021

10. 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

11. International Survey Industry (ISI) code — Give the 4-digit ISI code in the industry group that accounts for
the largest amount of the affiliate’s sales. A list, and a full explanation of, the ISI codes are given in the Guide
to Industry Classifications for International Surveys, 2002. A summary list of ISI codes is included on
Forms BE-11B(LF) and (SF). For an inactive affiliate, enter an ISI code based on its last active period.

2

1039

BEA USE
ONLY

1024

1

2

3

4

5

BEA USE
ONLY

1025

1

2

3

4

5

BEA USE
ONLY

1026

1

2

3

4

5

BEA USE
ONLY

1027
1026

1

2

3

4

5

Part II — FINANCIAL AND OPERATING DATA OF FOREIGN AFFILIATE
See Additional Instructions for Part II, on page 3 at the back of this form.

Amount

Dealers in financial instruments and finances, insurance, and real estate
companies see Special Instructions, page 3.

Bil.

Mil.

Thous. Dols.

1

12. Total assets — Balance at close of fiscal year

2090

13. Annual sales or gross operating revenues, excluding sales taxes

2041

14. Net income (loss)

2051

$
1

1

Number of Employees
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.
15. Total number of employees*

Number of
employees
1
2065

*Note – If total number of employees, item 15, is zero — Explain

16. BEA USE
ONLY

1

2

3

4

2076
FORM BE-11B(EZ) (REV. 11/2008)

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5

2008 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-11B(EZ)
ADDITIONAL INSTRUCTIONS BY LINE ITEM
Part I — IDENTIFICATION OF FOREIGN AFFILIATE

Holding companies (ISI code 5512) must show total income. To
be considered a holding company, a company’s equity in net
income of affiliates that it holds must constitute a majority of its
total income. 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.

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.

14. Net income (loss) — Net income for the year, after provision
for foreign income taxes, but before provision for common and
preferred dividends. Include income from equity investments
and realized and unrealized gains (losses) (net of income tax
effects) included in the determination of net income.

6. Ownership interest held by U.S. Reporter named in item 1.
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.
Part II — FINANCIAL AND OPERATING DATA OF
FOREIGN AFFILIATE
13. 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. 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 on this line. (Dealers in
financial instruments and finance, insurance, and real estate
companies see Special Instructions below.)

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.

B. Special Instructions for insurance companies

• 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.

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.

EXCLUDE from item 13 and 14, unrealized gains or losses due
to changes in the valuation of financial instruments that are
taken to other comprehensive income.

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 in the data reported for the affiliate.

Include income from explicit fees and commissions as
operating income in item 13.

3. Instructions for reporting specific items

1. Dealers in financial instruments (including securities,
currencies, derivatives, and other financial instruments)
and finance and insurance companies — Include in the
calculation of net income (item 14)
• impairment losses as defined by FAS 115,
• realized gains and losses on trading or dealing,

Sales or gross operating revenues, excluding sales
taxes (item 13) — Include items such as earned premiums,
annuity considerations, gross investment income, and items
of a similar nature.

2. Real estate companies — Include in item 14:
• impairment losses, as defined by FAS 144,
• goodwill impairment as defined by FAS 142, and
Include revenues earned from the sale of real estate you own
as operating income in item 13.

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

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