BE-11E Report for Selected Foreign Affiliates

FORM

BE-11E

OMB No. 0608-0053: Approval Expires 01/31/2012

(REV. 9/2010)

2010 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
MANDATORY — CONFIDENTIAL

BE-11E (Report for Foreign Affiliate of U.S. Reporter)
BEA USE ONLY
Electronic filing:
www.bea.gov/efile
Mail reports to:
U.S. Department of Commerce
Bureau of Economic Analysis, BE-69(A)
Washington, DC 20230
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
For information or assistance:
E-mail:
be10/[email protected]
Telephone:
(202) 606-5566
Fax:
(202) 606-5312
Please include your BEA Identification
Number with all requests.
Copies of instructions and blank forms:
www.bea.gov

E

Affiliate ID Number

1

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

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., Form BE-577.

1002

IMPORTANT
Instruction Booklet — Contains additional instructions, definitions and detailed reporting requirements for completing this form.
Who must report — A BE-11E is required to be filed for each foreign affiliate selected by BEA to be reported on this form iin lieu of
Form BE-11B.
Due Date — A complete BE-11 report is due May 31, 2011
Translation of foreign currency financial and operating data into U.S. dollars — Use U.S. Generally Accepted Accounting
Principles (FASB ASC 830). See Instruction Booklet, Part IV.B.
Bil.
Mil.
Thous. Dols.
Monetary Values — Report in U.S. dollars rounded to thousands (omitting 000). EXAMPLE – If
amount is $1,334,891.00, report as
1
335 000
If an item is between + or – $500.00, enter "0." Use parenthesis () to indicate negative numbers.

98.7 %

Percentages — Report ownership percentages to a tenth of one percent:

Part I — Identification of Foreign Affiliate
See Additional Instructions for Part I, on page 5 at the back of this form.
3 What is the 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.
Note — 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.
1007

1 601
1 302
1
1

202
100

Australia
Belgium
Brazil
Canada

1 650
1 307
1

308

1 611

China
France
Germany
Hong Kong

1 313
1 314

Ireland
Italy

1

614

Japan

1

213

Mexico

1 319
1 325
1 327
1

Netherlands
Switzerland
United Kingdom
Other — Specify
Month

4 What is the ending date of this foreign affiliate’s 2010 fiscal year? – The foreign
affiliate’s financial reporting year that has an ending date in calendar year 2010. See
Instruction Booklet, Part II.A.

1009

1

1

Year

__ __ / __ __ / __
2 __
0 __
1 __
0

5 Did the foreign business enterprise become a foreign affiliate of the U.S. Reporter during the fiscal year?
1010

Day

1

1

Yes — Complete form BE-11B in-lieu of form BE-11E. An affiliate being reported on the BE-11 survey for
the first time must be filed on form BE-11B.

2

No

BE-11E
Part I — Identification of Foreign Affiliate — Continued
Ownership interest in this Foreign Affiliate by U.S. Reporter named in item 1

Percent of
ownership at
close of fiscal
year 2010

Report the percent of voting stock for an incorporated affiliate, or an equivalent interest for an
unincorporated affiliate.
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.
6 What is the direct ownership interest held by U.S. Reporter named in item

1

1012

2

___ ___ ___ . ___ %

?. . . . . . . . . . . .
1020

2

7 What is the indirect ownership interest held through the 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 .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1050

8 What is the total ownership interest held by the U.S. Reporter? — Sum of items 6

and 7

___ ___ ___ . ___ %
2

___ ___ ___ . ___ %

. . .

9 What is the name of the 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

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

Close FY 2010
(b)

(a)
1191

1

2

1192

1

2

a.

(c)

___ ___ ___ . ___ %

b.

___ ___ ___ . ___ %
1021

TOTAL — Must equal percentage entered in

7

. . . . . . . . . . . . . . . . . .

2

___ ___ ___ . ___ %

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 to sell at wholesale.")
1029

11 What is the 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, 2007. A
summary list of ISI codes is included on Form BE-11B. For an inactive affiliate, enter an ISI code based on
its last active period.
Note — To be considered a holding company (ISI code 5512), 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 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.

1039

2

Remarks

BEA
USE
ONLY

1025

1

2

3

4

5

1026

1

2

3

4

5

1027

1

2

3

4

5

1040

1

2

3

4

5

FORM BE-11C (REV. 9/2010)

Page 2

C

Affiliate ID Number

BE-11E

Part II — Financial and Operating Data of Foreign Affiliate
Report the data to represent 100 percent of the foreign affiliate and not just the portion, if less than 100 percent,
owned by the U.S. Reporter(s).
• Report in 14 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 5221, 5223, 5224, 5229, 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.
• Report in 15 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 certain gains (losses) (net of income tax effects) included in the determination
of net income.
• Dealers in financial instruments and finance, insurance, and real estate companies see Special Instructions on page 5.
$ Bil.
What are the foreign affiliates values for:

2090

1

000

13 Total liabilities? — Balance at close of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2041

1

000

14 Annual sales or gross operating revenues, excluding sales taxes? . . . . . . . . . . . . . . . . . . . . . . . . .
2051

Thous. Dols.

000

12 Total assets? — Balance at close of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2094

Mil.

1

1

000

15 Net income (loss)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Number of Employees
• Report the number of employees on the payroll at the end of FY 2010 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 2010. If the number of employees at the
end of FY 2010 (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 2010. 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.
Number of
employees
2105

1

16 What is the total number of employees?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note — If the total number of employees in 16 is zero please provide an explanation.

Property, Plant, and Equipment (PP&E) Expenditures
• PP&E includes land, timber, mineral and like rights owned, structures, machinery, equipment, special tools, and other depreciable
property; construction in progress; and capitalized tangible and intangible exploration and development costs, but excludes other types
of intangible assets, and land held for resale.
• Include items leased from others (including land) under capital leases. Also include the capitalized value of timber, mineral, and
similar rights leased by the foreign affiliate from others. Exclude items the foreign affiliate has sold under a capital lease.
• Exclude from expenditures all changes in PP&E, resulting from a change in the entity (e.g., due to mergers, acquisitions, divestitures,
etc.) or accounting principles during FY 2010.
• For foreign affiliates engaged in exploring for, or developing, natural resources, include exploration and development expenditures made during FY 2010 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 2010.
• Insurance companies see Special Instructions, B.3.b., page 4.
$ Bil. Mil. Thous. Dols.
2157

1

17 What is the foreign affiliates expenditure value for new and used property,
plant, equipment (PP&E)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2116

1

2

3

BEA
USE
ONLY
FORM BE-11C (REV. 9/2010)

Page 3

4

000
5

2010 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-11E
ADDITIONAL INSTRUCTIONS BY LINE ITEM
SPECIAL INSTRUCTIONS FOR DEALERS IN FINANCIAL
INSTRUMENTS, FINANCE COMPANIES, INSURANCE
COMPANIES AND REAL ESTATE COMPANIES
A. Certain gains (losses) for (1) dealers in financial
instruments and finance and insurance companies, and
(2) real estate companies.

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.

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 ( 15 ):
• impairment losses as defined by FASB ASC 320 (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 FASB ASC 350
(FAS 142).

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.

EXCLUDE from 14 and 15 , unrealized gains or losses due
to changes in the valuation of financial instruments that are
taken to other comprehensive income.

3. Instructions for reporting specific items

Include income from explicit fees and commissions as
operating income in 14 .

a. Sales or gross operating revenues, excluding sales
taxes ( 14 ) — Include items such as earned premiums,
annuity considerations, gross investment income, and
items of a similar nature.

2. Real estate companies — Include in 15 :
• impairment losses as defined by FASB ASC 360
(FAS 144), and
• goodwill impairment as defined by FASB ASC 350
(FAS 142).
Include revenues earned from the sale of real estate you own
as operating income in 14 .

FORM BE-11C (REV. 9/2010)

b. Expenditures for property, plant, and
equipment 17 — Include expenditures WHEREVER
CLASSIFIED IN THE BALANCE SHEET.

Page 4