BE-11 E BE-11 E (Report for Selected Foreign Affiliate of U.S. R

FORM

BE-11E

OMB No. 0608-0053: Approval Expires 12/31/2013

(REV. 8/2012)

2012 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
MANDATORY — CONFIDENTIAL

BE-11E (Report for Selected Foreign Affiliate of U.S. Reporter)

Z

Affiliate ID Number
Electronic Filing:

Go to www.bea.gov/efile for details

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
Fax reports to:

(202) 606-5312

Assistance:

E-mail
Telephone
Copies of form

1

1

Name of U.S. Reporter of foreign affiliate – Same as

, 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.

be10/[email protected]
(202) 606-5566
www.bea.gov/dia

Please include your BEA Identification Number with
all requests.

1002

IMPORTANT
Instruction Booklet — Contains additional instructions, definitions, and detailed reporting requirements for completing this form.
Who must report — The U.S. Reporter has been selected by BEA to file this BE-11E for the foreign affiliate named in 2 in lieu of Form BE-11B
for the affiliate’s 2012 fiscal year.
Due Date — A complete BE-11 report is due May 31, 2013.
Translation of foreign currency financial and operating data into U.S. dollars — Use U.S. Generally
Accepted Accounting Principles FASB ASC 830 (FAS 52). See Instruction Booklet, Part IV.B.

$

Bil.

Monetary Values — Report in U.S. dollars rounded to thousands (omitting 000).
EXAMPLE – If amount is $1,334,891.00, report as
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Thous. Dols.

1

335 000

If an item is between + or – $500.00, enter "0." Use parenthesis () to indicate negative numbers.
Percentages — Report ownership percentages to a tenth of one percent: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 . ___
7 %
9 ___
___ ___

Part I — Identification of Foreign Affiliate
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

Australia
Belgium

1

202

Brazil

1

100

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

1009
4 What is the ending date of this foreign affiliate’s 2012 fiscal year? – The foreign
affiliate’s financial reporting year that has an ending date in calendar year 2012.
See Instruction Booklet, Part II.A.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

1

Year

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

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

Day

1

Part I — Identification of Foreign Affiliate — Continued
Ownership in this Foreign Affiliate
Percent of ownership at close
of fiscal year
• 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.
Equity
Voting
• Voting interest is the U.S. Reporter’s direct ownership in just the voting equity of the affiliate.
2012
2012
Examples of voting equity include voting stock and a general partner’s interest in a partnership. Thus,
(1)
(2)
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.
1012 2
1012 1
• Enter percent of ownership based on total voting stock, as applicable, if an incorporated affiliate, or
an equivalent interest if an unincorporated affiliate.
6 What is the direct ownership interest held by the U.S. Reporter named in

1

?

. .

___ ___ ___ . ___ %

___ ___ ___ . ___ %

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., for instructions on how to calculate indirect ownership interest. (If entry is
made here, complete 9 .)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

___ ___ ___ . ___ %

1050

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

6

and 7

2

___ ___ ___ . ___ %

. . . . . . . . . .

9 What is the name of the foreign affiliate parent(s)? — If there is an entry in 7 , enter below, the name(s) and
percent(s) of ownership of each foreign affiliate of the U.S. Reporter named in 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 2012
(b)

(a)
1191

1

2

1192

1

2

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

___ ___ ___ . ___ %

a.

___ ___ ___ . ___ %

b.
1021

TOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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 foreign affiliate’s primary industry (ISI) code? — Give the 4-digit ISI code for the industry
1039
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 at the back of 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), income from equity investments must be more than 50
percent of 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.

2

Remarks

BEA
USE
ONLY
Page 2

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-11E (REV. 8/2012)

Part II — Financial and Operating Data of Foreign Affiliate
Section A — Selected Financial Data
Affiliate ID
• Report the data to represent 100 percent of the foreign affiliate, and not just the portion 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.
— Finance and leasing companies with ISI codes 5221, 5223, 5224, 5229, 5231, 5238, 5252, or 5331 report interest income on this line.
— Insurance companies with ISI codes 5243 or 5249 report gross investment income on this line.
• Report in 15 net income (loss) 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 4.
$ Bil.

What are the foreign affiliate’s values for:
2090

12 Total assets? — Balance at close of fiscal year

Thous. Dols.

000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2094

13 Total liabilities? — Balance at close of fiscal year

1

000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2041

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

1

000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2051

15 Net income (loss)?

Mil.

1

1

000

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

Section B — Number of Employees
• Report the number of employees on the payroll at the end of FY 2012 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 2012. If the number of employees at the end of FY 2012 (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 2012. 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

16 What is the foreign affiliate’s total number of employees?

1

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

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

Section C — Property, Plant, and Equipment (PP&E) Expenditures
• PP&E expenditures includes expenditures for 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
expenditures for other types of intangible assets, and land held for resale.
• Include expenditures for items leased from others (including land) under capital leases. Also include the expenditure for 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 (i.e., due to mergers, acquisitions, divestitures, etc.) or
accounting principles during FY 2012.
• For foreign affiliates engaged in exploring for, or developing, natural resources, include exploration and development
expenditures made during FY 2012 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 2012.
$ Bil. Mil. Thous. Dols.
• Insurance companies should include expenditures WHEREVER CLASSIFIED IN THE BALANCE SHEET.
2157

1

17 What is the foreign affiliate’s expenditure for new and used property, plant,
and equipment (PP&E)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2076

1

2

3

4

000
5

BEA
USE
ONLY
FORM BE-11E (REV. 8/2012)

Page 3

2012 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-11E
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.
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 in 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).

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.

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.

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
revenue in 14 .

3. Instructions for reporting specific items

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).

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

Include income earned from the sale of real estate you own as
operating revenue in 14 .

Page 4

FORM BE-11E (REV. 8/2012)