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pdfBE-605 (Rev. 5/2012)
OMB Control No. 0608-0009: Approval Expires 04/30/2015
QUARTERLY SURVEY OF FOREIGN DIRECT
INVESTMENT IN THE UNITED STATES
Transactions of U.S. Affiliate with Foreign Parent
BE-605 Identification Number
BEA USE ONLY
Mandatory and Confidential
Name and mailing address of the consolidated U.S. affiliate
Electronic filing:
Go to www.bea.gov/efile for details
Name:
Mail reports to:
U.S. Department of Commerce
In Care Of:
Bureau of Economic Analysis, BE-49(Q)
Washington, DC 20230
Attention:
Deliver reports to:
U.S. Department of Commerce
Title:
Bureau of Economic Analysis, BE-49(Q)
Shipping and Receiving Section, M-100
Street 1:
1441 L Street, NW
Street 2:
Washington, DC 20005
FAX reports to:
(202) 606-2894
City:
State:
Assistance:
E-mail
[email protected]
Telephone
(202) 606-5577 between 8:00 a.m. and 4:30 p.m. eastern time
Copies of form www.bea.gov/fdi
Zip:
Definitions: Underlined terms are defined on page 16.
Due date: 30 days after the close of each calendar or fiscal quarter end; 45 days if the report is for the final quarter of the financial reporting year.
Who must report: A Form BE-605 is required from every U.S. business enterprise in which a foreign entity has a direct and/or indirect ownership interest
of 10 percent or more of the voting stock (or an equivalent interest if an UNINCORPORATED business) at any time during the quarter. Reports are
required even though the U.S. business enterprise may have been established, acquired, liquidated, sold, or inactivated during the reporting period.
Monetary values should be reported in thousands of U.S. dollars. If an amount is between positive and negative $500, enter “0.” Use parentheses to
indicate negative numbers.
Accounting methods and records: Report items according to U.S. Generally Accepted Accounting Principles (U.S. GAAP), unless otherwise specified. Corporations should use the same methods and records that are used to generate reports to stockholders, except where the instructions
indicate a deviation from U.S. GAAP.
• Reports for unincorporated businesses should be generated on an equivalent basis.
• References to Financial Accounting Standards Board Accounting Standards Codification topics are indicated with “FASB ASC” and a topic
number (for example, FASB ASC 350).
Exemption: A U.S. affiliate claiming exemption from filing a BE-605 report must complete the Claim for Exemption on page 13 of this form. Also
complete the “Person to Consult” and “Certification” sections on page 15, and return the form to BEA by the due date. If this is an initial filing of the
BE-605 report, then also complete pages 1 through 3.
Estimates: If actual amounts are not available, supply estimates and label them as such. When a data item cannot be fully subdivided as required,
supply a total and an estimated breakdown of the total.
Faxing your report: When submitting this report via fax, send ONLY those pages on which information is reported, including the front page and the
Claim for Exemption section (if completed). DO NOT send pages that only contain instructions.
Retention of copies: Retain a copy of filed reports for 3 years beyond the report’s original due date.
Month
Day
Year
Month
Day
Year
300
1
What is the ending date of the quarter for which this report is completed?
2
Is this the first time the U.S. affiliate is filing a BE-605 report?
340 1
2
3
4
Yes – Enter date the U.S. business enterprise became a U.S. affiliate .................................
No
Is this report a resubmission of a past report?
302 1
Yes – Please contact us if you require guidance (see Assistance above). Note that for the preceding quarter,
Part III may be revised on the current form, as can the beginning balances in items 27 and 29 .
2
No
Which best describes this U.S. affiliate?
003
1
2
3
5
341
A U.S. business enterprise incorporated in the United States
An unincorporated U.S. business enterprise, such as a branch, partnership, real estate, etc.
A U.S. limited liability company (LLC)
If the U.S. affiliate’s industry classification, based on the largest source of sales or gross
operating revenues, has changed, or if this is an initial filing, enter the appropriate industry code 342
(refer to industry code insert you received with your BE-605 form or www.bea.gov/naics2012)...............
Part I – Rules for Consolidating the U.S. Affiliate
Has the ownership structure of this U.S. affiliate changed since the previous quarter?
6
303
7
1
Yes – Please provide a chart showing the new ownership structure if available.
2
No
Does this U.S. affiliate (as an individual entity) hold a MAJORITY
voting interest (over 50 percent) in any U.S. business enterprises?
This U.S. affiliate
>50%
304
1
8
305
306
• DO NOT consolidate any U.S. business enterprises in which a direct ownership interest and an indirect ownership interest are held by DIFFERENT
foreign entities. Report this U.S. affiliate’s interest in such enterprises on
an equity basis, even if it is more than 50 percent. These enterprises must
file their own Form BE-605 unless they qualify for exemption.
U.S. business –
Consolidate in this report.
Does this U.S. affiliate hold a voting interest from 10 to 50 percent in any
U.S. business enterprises?
1
>50%
Yes – Do not consolidate such enterprises in this report. Report this U.S.
affiliate’s interest in such enterprises on an equity basis, OR in accordance
with FASB ASC 320 (formerly FAS 115) if owned less than 20 percent.
These enterprises must file their own Form BE-605 unless they qualify for
exemption.
This U.S. affiliate
10 to 50%
U.S. business – Do not
consolidate in this report.
No
2
9
U.S. business –
Consolidate in this report.
No
2
Yes – • Consolidate in this report ALL U.S. business enterprises proceeding
down each ownership chain whose voting securities are more than 50 percent owned by the U.S. enterprise above (with the exception noted below).
Hereinafter the U.S. business enterprises consolidated on this report are
considered one U.S. affiliate.
Does this U.S. affiliate own, either directly or indirectly, any foreign
business enterprises?
1
Yes – Do not consolidate foreign business enterprises in this report. Report U.S.
affiliate’s interest in foreign operations on an equity basis, OR in accordance
with FASB ASC 320 (formerly FAS 115) if owned less than 20 percent.
2
No
This U.S. affiliate
Foreign businesses –
Do not consolidate
in this report.
Part II – Identifying the Foreign Parent
Does more than one foreign parent have a direct investment voting
interest in this U.S. affiliate?
10
307
11
1
Yes – File a separate BE-605 report for each foreign parent having a
direct investment voting interest in this U.S. affiliate.
2
No
Foreign
parent A
Foreign
parent B
This U.S. affiliate
What is the name of the FIRST foreign parent in a chain of ownership extending outside
the United States that holds either a direct or indirect voting interest in this U.S. affiliate?
• The entity named below is hereinafter referred to as the foreign parent.
• Report transactions with the foreign parent in Parts III , IV , V , and VI .
Name of the foreign parent
of this U.S. affiliate
Page 2
308
Please continue on the next page
FORM BE-605 (Rev. 5/2012)
005
BEA USE ONLY
12
What is the country of incorporation (or residence, if an
individual) of the foreign parent named in item 11 ?
13
What type of equity interest does the foreign parent hold in this U.S. affiliate? (Check one box)
006
A. Only a direct equity interest – SKIP to item 15
B. Only an indirect equity interest through another U.S. affiliate –
Complete ONLY Complete Part I V . Amounts representing this U.S.
affiliate’s equity accounts are part of another higher-tier U.S. affiliate’s
BE-605 report and should not be duplicated here.
C. Both a direct equity interest AND an indirect equity interest
through another U.S. affiliate –
• If BOTH a direct and indirect equity interest are held by the SAME
foreign parent, this U.S. affiliate should be fully consolidated into the
BE-605 report filed by the higher-tier U.S. affiliate that owns it, and the
minority interest not held by the foreign parent either directly or indirectly
must be eliminated. In the example at the right, this U.S. affiliate should
be fully consolidated into the BE-605 report filed by the higher-tier U.S.
affiliate that owns it directly.
• If a direct and an indirect equity interest are held by DIFFERENT
foreign parents, this U.S. affiliate must file Form BE-605 for EACH
foreign parent. In the example at the right, this U.S. affiliate may not
be fully consolidated into the BE-605 report filed by the higher-tier U.S.
affiliate because of the direct ownership held by foreign parent A.
Foreign Parent
Higher-tier
U.S. Affiliate
This U.S. affiliate
Foreign Parent A
Foreign Parent B
Higher-tier
U.S. Affiliate
This U.S. Affiliate
14
If B or C was marked in item 13 , what is/are the name(s) of the U.S.
affiliate(s) having a direct equity interest in this U.S. affiliate?
309
Remarks
A42
FORM BE-605 (Rev. 5/2012)
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Page 3
Instructions for Part III
Foreign Parent’s Direct Equity Share in the U.S. Affiliate,
as Consolidated
15 A. Report that represents the foreign parent’s share, based on its directly held equity interest, in the
U.S. affiliate’s net income (loss) for the quarter, before provision for all common and preferred dividends owed to
foreign parent(s) and before any deduction for U.S withholding taxes on dividends, but AFTER provision for U.S.
Federal, State, and local income taxes.
• U.S. affiliates in extractive industries should report net income BEFORE depletion charges, EXCEPT charges
representing the amortization of the actual cost of capital assets.
15 B. Please read the following instructions carefully as they are keyed to economic accounting concepts and in some
cases may deviate from what is normally required by U.S. Generally Accepted Accounting Principles.
15 B1. Report those gains (losses) that were included in the foreign parent’s share of net income (item A) resulting from:
• Extraordinary, unusual, or infrequently occurring items that are material. Include losses from accidental damage
or disasters, after estimated insurance reimbursement. Include other material items, including writeups,
writedowns, and writeoffs of tangible and intangible assets and gains (losses) from the sale or other disposition
of capital assets. Do not include legal judgments.
• Sale or other dispositions of financial assets, including investment securities; gains (losses) related to fair
value accounting; FASB ASC 320 (formerly FAS 115) holding gains (losses) on securities classified as trading
securities; FASB ASC 320 impairment losses; and gains and losses derived from derivative instruments.
Dealers in financial instruments and finance and insurance companies, see special instructions below.
• Restructuring costs that reflect writedowns or writeoffs of assets or liabilities. Do not include actual payments,
or charges to establish reserves for future actual payments, such as for severance pay, and fees to accountants,
lawyers, consultants, or other contractors.
• Sale or disposition of land, other property, plant and equipment, or other assets, and FASB ASC 360 (formerly
FAS 144) impairment losses. Do not include gains (losses) from the sale of inventory assets in the ordinary
course of trade or business. Real estate companies, see special instructions below.
• Goodwill impairment as defined by FASB ASC 350 (formerly FAS 142).
• Disposals of discontinued operations. Do not include income from the operations of a discontinued segment.
• Remeasurement of the U.S. affiliate’s foreign-currency-denominated assets and liabilities due to changes in
foreign exchange rates during the reporting period.
• The cumulative effect of a change in accounting principle.
• The cumulative effect of a change in the estimate of stock compensation forfeitures under FASB ASC 718
(formerly FAS 123(R)).
15 B2. Include, per FASB ASC 220 (formerly FAS 130), unrealized holding gains (losses) for available-for-sale securities
(including those classified as current assets), less reclassification adjustments, and pension and postretirement
benefit plans after provision for U.S. Federal, State, and local income taxes. Do not include foreign currency
translation adjustment; report translation adjustment in item C.
15 B1.–B2.
Special instructions for dealers in financial instruments (including securities, currencies, derivatives, and other
financial instruments), finance companies, and insurance companies:
Include in item B1:
• realized gains (losses) on trading or dealing;
• unrealized gains (losses) due to changes in the valuation of financial instruments that flow through the
income statement;
• all other items described in the general instructions for item B1 (above).
Include in item B2 unrealized gains (losses) due to changes in the valuation of financial instruments that are taken
to other comprehensive income, and all other items described in the general instructions for item B2 (above).
Do not include income from fees and commissions in items B1 or B2; report fees and commissions in item A.
Special instructions for real estate companies – Report gains (losses) from the sale, disposition, or
revaluation of land, other property plant and equipment, or other assets as follows:
• Include realized gains (losses) from the sale of real estate in the ordinary course of trade or business in
item A; do not include these gains (losses) in items B1 or B2.
• Include impairment losses of long-lived assets, as defined by FASB ASC 360 (formerly FAS 144), and
recognized during the period, in items A and B1.
• All other items should be treated as described in the general instructions for items A, B1, and B2
(above).
Page 4
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FORM BE-605 (Rev. 5/2012)
15
C. Report foreign parent’s share of the foreign currency translation adjustment resulting from the
translation of the foreign affiliate’s financial statements from the affiliate’s functional currency into
U.S. dollars in accordance with FASB ASC 830 (formerly FAS 52) or other current standards of the
Financial Accounting Standards Board.
15
D. Report dividends as of the date they were declared or paid, GROSS of any U.S. tax withheld. Any
subsequent settlement of dividends declared but not paid SHOULD NOT be reported a second time, but
should be reflected only as a reduction in Part V item 27 .
• Exclude stock and liquidating dividends. Report liquidating dividends in Part IV item 16 B.
15
E. Report gross amounts of earnings distributed by unincorporated U.S. affiliates, whether out of current or
past earnings.
Part III – Foreign Parent’s Direct Equity Share in the U.S. Affiliate, as Consolidated
• Report items 15 A–G on a quarterly basis, NOT on a cumulative or year-to-date basis.
• Use the column headed Preceding Quarter (if revised) to correct data that were incorrect or not given
in the preceding quarter.
• Do not delay filing because current quarter data are not available. Estimates may be used where necessary
to file a timely report.
• Do not complete this section if the foreign parent only holds an INDIRECT equity interest in this U.S.
affiliate. Amounts representing this U.S. affiliate’s equity accounts are part of another higher-tier U.S.
affiliate’s consolidated report.
15
Preceding Quarter
(if revised)
Current Quarter
What is the foreign parent’s share of:
Bil.
Mil.
Thou. Dols.
011 12
A. The U.S. affiliate’s quarterly net income (loss), after
provision for income taxes? ..................................................... $
B. Certain gains (losses), after provision for
012 12
income taxes:
1. Included in net income in item 15 A?................................ $
000
000
000
000
F. U.S. tax withheld on dividends (item 15 D) or on
016 12
distributed earnings of unincorporated U.S. affiliate
(item 15 E)? ............................................................................. $
000
$
000
$
000
$
000
$
000
$
000
$
000
$
000
015
000
016
000
017 12
G. The net amount of dividends/earnings distributed
item 15 D or 15 E less item 15 F)? ....................................... $
000
014
015 12
E. Earnings distributed by unincorporated U.S. affiliates?.............. $
$
313
014 12
D. Dividends on common and preferred stock (gross of U.S.
withholding taxes) excluding stock dividends?......................... $
Thou. Dols.
013
313 12
C. The CHANGE in the translation adjustment account
during the quarter?................................................................... $
Mil.
012
013 12
2. Not included in net income in item 15 A but taken to
other comprehensive income?........................................... $
Bil.
011
017
000
001
BEA USE ONLY
1
FORM BE-605 (Rev. 5/2012)
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Page 5
Instructions for Part IV
Change in Foreign Parent’s Equity in the U.S. Affiliate
During the Quarter
Entries in Part IV are necessary to identify the amount and cause of any changes in equity holdings by the
foreign parent in the U.S. affiliate during the quarter.
• Report the transaction (i.e., market) value of consideration given or received for increases or
decreases in the foreign parent’s equity holdings in the U.S. affiliate.
16
A. Include:
• purchases of capital stock by the foreign parent from the U.S. affiliate;
• contributions of equity by the foreign parent that did not result from the issuance of stock to
the foreign parent by the U.S. affiliate;
• capitalization of intercompany debt (report the amount of debt converted to equity as the
transaction valueof the equity increase in item 16 A), and adjust the debt balance as
appropriate in Part V item 27 ;
• unincorporated U.S. affiliates must report the foreign parent’s share of any increase in the U.S.
affiliate’s equity (or home office account) arising from its transactions with the foreign parent,
excluding amounts reported in Part III and Part V .
Exclude changes caused by:
• carrying net income to the equity account;
• the effect of treasury stock transactions with persons other than the foreign parent;
• reorganizations in capital structure that do not affect total equity.
16
B. Include:
• sales of capital stock by the foreign parent to the U.S. affiliate;
• returns of contributed equity capital to the foreign parent not resulting in a reduction of issued stock;
• distributions to the foreign parent following total liquidation of the U.S. affiliate;
• unincorporated U.S. affiliates must report the foreign parent’s share of any decrease in the U.S.
affiliate’s equity (or home office account) arising from its transactions with the foreign parent,
excluding amounts reported in Part III and Part V .
Exclude changes caused by:
• carrying net losses to the equity account;
• payment of stock or cash dividends (other than liquidating dividends);
• the distribution of earnings during the period;
• the effect of treasury stock transactions with entities other than the foreign parent;
• reorganizations in capital structure that do not affect total equity.
Page 6
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FORM BE-605 (Rev. 5/2012)
Part IV – Change in Foreign Parent’s Equity in the U.S. Affiliate During the Quarter
For Transactions between the Foreign Parent and U.S. Affiliate
16
What is the transaction value of the foreign parent’s:
Bil.
Mil.
Thou.
Dols.
026
A. Increase of equity in the U.S. affiliate? .................................................................................. $
000
027
000
B. Decrease of equity in the U.S. affiliate?.................................................................................. $
For Transactions between the Foreign Parent and an Entity other than U.S. Affiliate
17
What is the transaction value of the ACQUISITION of an equity
interest in the U.S. affiliate by the foreign parent:
028
A. From a U.S. entity other than the U.S. affiliate?..................................................................... $
000
029
000
B. From all foreign entities?........................................................................................................ $
18
What is the transaction value of the SALE of an equity
interest in the U.S. affiliate by the foreign parent:
030
000
A. To U.S. entities other than the U.S. affiliate?........................................................................... $
031
000
B. To all foreign entities?............................................................................................................ $
19
032
What is the total transaction value of the change in the foreign parent’s equity
interest in the U.S. affiliate?.................................................................................................... $
000
This item should equal the sum of items 16 A, 17 A, and 17 B MINUS the sum
of items 16 B, 18 A and 18 B.
19
For items 17 and 18 , what are the amounts by which
the transactions values reported in those items:
For sale or termination
of operations
For
acquisition
( 17 A & B)
Bil.
Mil.
( 18 A & B)
Thou.
Dols.
903 24
A. Exceed the value carried on the books of
the U.S. affiliate?................................................................. $
FORM BE-605 (Rev. 5/2012)
Please continue on the next page
Mil.
Thou.
Dols.
903
000
903 35
B. Are less than the value carried on the books of
the U.S. affiliate?................................................................. $
Bil.
$
000
$
000
903
000
Page 7
Part V – PAYABLE Balances and Interest Between Affiliated Foreign Group and U.S. Affiliate,
as Consolidated
These items are intended to assist banks and other types of finance companies to determine how to fill
the out the rest of Part V . U.S. affiliates that also file Treasury International Capital (TIC) B Forms
may not be required to complete items 25 through 30 .
18
through 24
21
Is the foreign parent listed in item 11 in the finance industry (includes banking; does not include
insurance)?
022 1
2
22
Yes
No – SKIP to item 25
Is the U.S. affiliate a “bank” or primarily acting as a securities broker or dealer?
Note: A “bank” is a business engaged in deposit banking or closely related functions, including commercial
banks, Edge Act corporations, U.S. branches and agencies of foreign banks, savings and loans, savings banks,
bank holding companies and financial holding companies under the Gramm–Leach–Bliley Act.
021 1
2
23
Do any of the U.S. business enterprises consolidated in this report have insurance, real
estate, or leasing activities?
023 1
2
24
Yes – SKIP to item 25 . In items 27 through 30 report ONLY the amounts that relate to
insurance, real estate, and leasing activities. EXCLUDE amounts that represent balances
and interest between banking and finance units in the United States and a foreign parent in
the finance industry.
No – SKIP to Part IV (completed once a year)
Do any of the U.S. business enterprises consolidated in this report have banking activities
or securities broker or dealer activities?
020 1
2
25
Yes
No – SKIP to item 25
Yes – Continue with item 25 . In items 27 through 30 EXCLUDE amounts that
represent balances and interest between banking and finance units in the United
States and a foreign parent in the finance industry.
No – Continue with item 25
310
1
Yes – • These foreign business enterprises are considered
examples of foreign affiliates of the foreign parent (FAFPs).
• Report this U.S. affiliate’s transactions with FAFPs in items
25 and 30 .
2
26
Foreign Parent
Does the foreign parent own more than 50 percent of other foreign
(i.e., non-U.S.) business enterprises?
Foreign affiliate of
the foreign parent
No
Is the foreign parent owned more than 50 percent by another foreign
(i.e., non-U.S.) entity?
3111
This U.S. affiliate
Yes – • Majority owners of the foreign parent proceeding up the
foreign parent’s ownership chain are also considered
FAFPs. Majority-owned subsidiaries of these majority
owners are additional examples of FAFPs.
Foreign affiliate of
the foreign parent
>50%
>50%
Foreign Parent
Foreign affiliate of
the foreign parent
• Report this U.S. affiliate’s transactions with FAFPs in items 28 and 30 .
This U.S. affiliate
2
Page 8
No
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FORM BE-605 (Rev. 5/2012)
Instructions for Part V
PAYABLE Balances and Interest Between Affiliated Foreign Group
and U.S. Affiliate, as Consolidated
The affiliated foreign group consists of (i) the foreign parent, (ii) any foreign entity, proceeding up the foreign parent’s
ownership chain, that owns more than 50 percent of the entity below it up to and including that entity which is not
owned more than 50 percent by another foreign entity, and (iii) any foreign entity, proceeding down the ownership
chain(s) of each of these members, which is owned more than 50 percent by the entity above it.
Report all current and long-term intercompany accounts and interest between the U.S. affiliate and the affiliated
foreign group in this section.
Affiliated foreign group
Foreign affiliate of
foreign parent
>50%
>50%
Foreign Parent
Foreign affiliate of
foreign parent
>50%
Foreign affiliate of
foreign parent
Foreign
United States
This U.S. affiliate
27
through 30
Payable and Receivable Balances
Do NOT net payables against receivables.
The current quarter’s opening balance should be equal to the previous quarter’s closing balance; therefore, if it is
necessary to translate the balances to U.S. dollars, use the same exchange rate to translate the opening balance
for the current quarter as was used to translate the closing balance for the previous quarter. If the closing balance
on the preceding quarter’s report was in error, note the correction.
Interest Paid and Interest Received
Report quarterly amounts (not year to date), GROSS OF U.S. AND FOREIGN WITHHOLDING TAX.
Do NOT net payments against receipts.
Derivatives Contracts – Exclude the value of outstanding financial derivatives contracts and any payments or
receipts resulting from the settlement of those contracts. For example, the settlements of interest rate derivatives
should NOT be reported as interest or as another type of transaction on this form. Derivatives contracts are covered
by the Treasury International Capital (TIC) Form D, Report of Holdings of, and Transactions in, Financial Derivatives
Contracts.
Leases – If leases between the U.S. affiliate and the affiliated foreign group are capitalized, then the outstanding
capitalized value should be reported as an intercompany balance. Lease payments should be disaggregated into
the amounts that are (i) a reduction in an intercompany balance, and (ii) interest.
FORM BE-605 (Rev. 5/2012)
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Page 9
Part V – U.S. Affiliates’ Payables and Interest Payment to Affiliated Foreign Group
Report all current and long-term intercompany accounts and interest between the U.S. affiliate and the affiliated foreign group.
The current quarter’s opening balance should be equal to the previous quarter’s closing balance. If the closing balance on the preceding
quarter’s report was in error, note the correction.
• Derivatives Contracts – Exclude the value of outstanding financial derivatives contracts and
any payments or receipts resulting from the settlement of those contracts. For example, the
settlements of interest rate derivatives should NOT be reported as interest or as another type of
transaction on this form. Derivatives contracts are covered by the Treasury International Capital
(TIC) Form D, Report of Holdings of, and Transactions in, Financial Derivatives Contracts.
Affiliated foreign group
Foreign affiliate of foreign parent
>50%
Foreign Parent
• Leases – If leases between the U.S. affiliate and the affiliated foreign group are capitalized,
then the outstanding capitalized value should be reported as an intercompany balance. Lease
payments should be disaggregated into the amounts that are (i) a reduction in an intercompany
balance, and (ii) interest.
>50%
Foreign affiliate of
foreign parent
>50%
Foreign affiliate of foreign parent
• Do NOT net payables against receivables
• Do NOT net interest payments against interest receipts.
See page 3 for diagram description
Payable balances with Affiliated Foreign Group
27 What were the total short and
Beginning of quarter
long term payable balances
owed to, and interest paid to,
the affiliated foreign group?
$ Bil.
United States
This U.S. affiliate
• Report quarterly gross interest expense (not year to date).
Mil.
Foreign
Thou.
3
Dols.
000
Interest Expense
Current quarter
End of quarter
$ Bil.
Mil.
Thou.
2
Dols.
000
$ Bil.
Mil.
Thou.
4
Dols.
000
By country
How much of 27 is owed to,
or paid to, a member of the
affiliated foreign group in:
28
A.
B.
C.
D.
Canada
Japan
Netherlands
United Kingdom
Other countries - Specify
E.
F.
G.
H.
I.
J.
K.
L.
M.
N.
O.
P.
Q.
R.
S.
T.
U.
V.
W.
X.
Y.
Z. Unallocated*
$ Bil.
044 1
045 1
046 1
047 1
100
614
319
327
3
3
3
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
3
1
709
3
Mil.
Thou.
Dols.
$ Bil.
000
000
000
000
2
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Mil.
Thou.
Dols.
$ Bil.
000
000
000
000
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
Mil.
Thou.
Dols.
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
Continue listing onto as many copied pages as needed.
*Unallocated – Combine values for countries which individually amount to less than $500 thousand.
Page 10
Please continue on the next page
FORM BE-605 (Rev. 5/2012)
Part V – U.S. Affiliates’ Receivables and Interest Receipts from Affiliated Foreign Group
Report all current and long-term intercompany accounts and interest between the U.S. affiliate and the affiliated foreign group.
The current quarter’s opening balance should be equal to the previous quarter’s closing balance. If the closing balance on the preceding
quarter’s report was in error, note the correction.
• Derivatives Contracts – Exclude the value of outstanding financial derivatives contracts and any
payments or receipts resulting from the settlement of those contracts. For example, the settlements
of interest rate derivatives should NOT be reported as interest or as another type of transaction
on this form. Derivatives contracts are covered by the Treasury International Capital (TIC) Form D,
Report of Holdings of, and Transactions in, Financial Derivatives Contracts.
• Leases – If leases between the U.S. affiliate and the affiliated foreign group are capitalized,
then the outstanding capitalized value should be reported as an intercompany balance. Lease
payments should be disaggregated into the amounts that are (i) a reduction in an intercompany
balance, and (ii) interest.
Affiliated foreign group
Foreign affiliate of foreign parent
>50%
Foreign Parent
>50%
Foreign affiliate of
foreign parent
>50%
Foreign affiliate of foreign parent
• Do NOT net payables against receivables
• Do NOT net interest payments against interest receipts.
See page 3 for diagram description
Receivable balances with Affiliated Foreign Group
29 What were the total short and
Beginning of quarter
long term receivable balances
due from, and interest received
from, the affiliated foreign group?
$ Bil.
United States
This U.S. affiliate
• Report quarterly gross interest income (not year to date).
Mil.
Foreign
Thou.
3
Dols.
000
Interest Income
Current quarter
End of quarter
$ Bil.
Mil.
Thou.
2
Dols.
000
$ Bil.
Mil.
Thou.
4
Dols.
000
By country
30 How much of 29 is due from,
or received from, a member of
the affiliated foreign group in:
A.
B.
C.
D.
Canada
Japan
Netherlands
United Kingdom
Other countries - Specify
E.
F.
G.
H.
I.
J.
K.
L.
M.
N.
O.
P.
Q.
R.
S.
T.
U.
V.
W.
X.
Y.
Z. Unallocated*
$ Bil.
157 1
158 1
159 1
160 1
100
614
319
327
3
3
3
3
161 1
3
162 1
3
163 1
3
164 1
3
165 1
3
166 1
3
167 1
3
168 1
3
169 1
3
170 1
3
171 1
3
172 1
3
173 1
3
174 1
3
175 1
3
176 1
3
177 1
3
178 1
3
179 1
3
180 1
3
181 1
3
1
709
3
Mil.
Thou.
Dols.
$ Bil.
000
000
000
000
2
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Mil.
Thou.
Dols.
$ Bil.
000
000
000
000
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
Mil.
Thou.
Dols.
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
Continue listing onto as many copied pages as needed.
*Unallocated – Combine values for countries which individually amount to less than $500 thousand.
FORM BE-605 (Rev. 5/2012)
Please continue on the next page
Page 11
Part VI – Annual Section – Selected Annual Information
COMPLETE THIS SECTION ONCE A YEAR, NO LATER THAN THE SECOND FILING following the close of the financial
reporting year. For example, if the U.S. affiliate’s books annually close on September 30th, this section must be completed
for the report due within 30 days after the close of the first calendar quarter (that is, by April 30th).
• If audited amounts are not available, supply estimates and label them as such. When a data item cannot
be fully subdivided as required, supply a total and an estimated breakdown of the total.
Month
Day
Year
034
31
What is the ending date of the U.S. affiliate’s most recent
financial reporting year? .........................................................................................................
32
What is the percentage of the foreign parent’s direct equity ownership
035
interest in the U.S. affiliate as of the date reported
in item 31 above? Enter to tenth of percent..............................................................................
___._%
Income Statement Items
33
34
What is the foreign parent’s direct equity in the consolidated
036
U.S. affiliate’s annual net income (loss) after provision for
U.S. Federal, State, and local income taxes?.......................................................................... $
Bil.
Mil.
Thou. Dols.
000
What is the foreign parent’s share of certain gains (losses) including
unusual and nonrecurring items, net of taxes:
037
A. Included in net income in item 33 (refer to instruction for item 15 B1
on page 4)?............................................................................................................................. $
000
038
B. NOT included in net income in item 33 , but taken to other comprehensive
income (refer to instruction for item 15 B2 on page 4?.......................................................... $
000
338
What is the foreign parent’s share of the change in the translation
$
adjustment account during the year? .....................................................................................
35
000
Owner’s Equity Items – Foreign Parent’s Share At End of Year
• Report the foreign parent’s share of the owner’s equity items of the consolidated U.S. affiliate as of the
date shown in item 31 .
• Item 37 must be computed on the equity method consistent with item 33 above.
• For unincorporated U.S. affiliates that are unable to itemize below, report the foreign parent’s
share of the total owner’s equity in item 39 .
36
Bil.
Mil.
Thou. Dols.
039
What is the amount of the foreign parent’s share of common and
preferred stock and additional paid-in capital? ................................................................... $
000
040
What is the amount of the foreign parent’s share of retained
earnings (deficit)? ................................................................................................................... $
38 What is the amount of the foreign parent’s share of other equity accounts,
including other comprehensive income and noncontrolling interest?
37
312
Specify
39
000
041
000
$
..........................
042
000
TOTAL (sum of items 36 through 38 ) ................................................................................. $
001
BEA USE ONLY
3
Page 12
FORM BE-605 (Rev. 5/2012)
Part VII – Claim for Exemption
1 The U.S. affiliate, as consolidated, is exempt from filing a BE-605 report if ANY ONE of the conditions specified in
statements A–E below applies:
• Check the statement that applies and complete ALL adjacent answer boxes.
A01_1
A. ALL of the following items — total assets, annual sales or gross operating revenues, AND
annual net income (loss) — for the U.S. affiliate (not just the foreign parent’s share) were EACH
equal to or less than $60 million (positive or negative). If the U.S. business enterprise has not
been in existence for a full 12 months, project amounts for the first full year of operations. This
information is only required to be filed once a year.
A11
Bil.
Mil.
Thou. Dols.
000
Total assets – Do not net against liabilities......................................................................................... $
A12
000
Sales or gross operating revenues, excluding sales taxes – Do not report gross margin ................. $
A13
Net income (loss) after provision for U.S. Federal, State and local income taxes..............................
Month Day
$
000
Year
A14
12-month period ended............................................................
A01_2
B. This U.S. affiliate is consolidated, merged into, or reorganized into the BE-605 report for another U.S. affiliate.
Month Day
Year
A22
Date of change:........................................................................
Company name A20
and address:...........
A21
BEA ID number of above named U.S. affiliate (or name of
contact person and telephone number):...........................................
A01_3
C. This U.S. affiliate is indirectly foreign owned through another U.S. affiliate AND has no direct transactions with the
foreign parent(s) or any of its (their) foreign affiliates.
A01_4
D. The foreign parent’s voting interest in this U.S. business enterprise was (check ANY ONE that applies):
A02_1
1. Sold to a U.S. entity that does not have foreign ownership of 10 percent or more.
Month
Day
Year
A31
Date of sale:...................................................................
A33
Company name: .......
Bil.
Mil.
Thou. Dols.
A32
Approximate sale value: ......................................................................................................... $
A02_2
Month
2. Liquidated/dissolved.
Day
000
Year
A34
Date.................................................................................
Bil.
Mil.
Thou. Dols.
A35
Approximate amount of liquidation/dissolution:
000
Returned to the foreign parent?.......................................................................................... $
A37
A36
000
$
Other – Please specify
3. Diluted.
A02_3
The foreign parent’s total voting interest in this U.S. affiliate is below the 10 percent threshold required to file.
Month
Day
Year
A38
Date of change: .............................................................
A39
New percentage of ownership for foreign parent? .........................................................................
___._%
A40
A01_5
E. Other – Please specify
FORM BE-605 (Rev. 5/2012)
Please continue on the next page
Page 13
Part VIII – Remarks Section
A41
Page 14
Please continue on next page
FORM BE-605 (Rev. 5/2012)
Purpose – Reports on this form are required to provide reliable and up-to-date information on foreign direct investment
in the United States for inclusion in the U.S. international transactions accounts and the national income and product
accounts.
Authority – This survey is being conducted under the International Investment and Trade in Services Survey Act
(P.L. 94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108, as amended), and the filing of reports is MANDATORY pursuant to
Section 5(b)(2) of the Act (22 U.S.C. 3104). The implementing regulations are contained in Title 15, CFR, Part 806.
Penalties – Whoever fails to report may be subject to a civil penalty not less than $2,500, and not more than $25,000,
and to injunctive relief commanding such person to comply, or both. Whoever willfully fails to report shall be fined not more
than $10,000 and, if an individual, may be imprisoned for not more than one year, or both. Any officer, director, employee,
or agent of any corporation who knowingly participates in such violation, upon conviction, may be punished by a like fine,
imprisonment, or both. (22 U.S.C. 3105)
The civil penalties are subject to inflationary adjustments. Those adjustments are found in 15 CFR 6.4.
Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be subject to a
penalty for failure to comply with, a collection of information subject to the requirements of the Paperwork Reduction Act,
unless that collection of information displays a currently valid OMB Control Number.
Respondent Burden – Public reporting burden for this collection of information is estimated to average 1 hour per
response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data
needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any
other aspect of this collection of information, including suggestions for reducing this burden, to:
Director, Bureau of Economic Analysis (BE-1), U.S. Department of Commerce, Washington, DC 20230; and to the Office
of Management and Budget, Paperwork Reduction Project 0608-0009, Washington, DC 20503.
Confidentiality – The Act provides that your report to this Bureau is CONFIDENTIAL and may be used only for analytical
or statistical purposes. Without your prior written permission, the information filed in your report CANNOT be presented in
a manner that allows it to be individually identified. Your report CANNOT be used for purposes of taxation, investigation, or
regulation. Copies retained in your files are immune from legal process.
Certification – The undersigned official certifies that this report has been prepared in accordance with the applicable
instructions, is complete, and is substantially accurate except that, in accordance with the Instructions, estimates may
have been provided where data are not available from customary accounting records or precise data could not be obtained
without undue burden.
Authorized official’s signature
Print or type name and title
Date
PERSON TO CONSULT CONCERNING QUESTIONS ABOUT THIS REPORT – Enter name and address
Name
801_1
Address
806
807
Telephone
number
Area code
802_1
Number
802_2
Extension
802_3
FAX
number
Area code
803_1
Number
803_2
May e-mail and/or fax be used in correspondence between your enterprise and BEA, including faxed reports, and/or to
discuss questions relating to this survey that may contain confidential information about your company?
Note: The internet and telephone systems are not secure means of transmitting confidential information unless it is encrypted. If you choose to communicate with BEA via fax or electronic mail, BEA cannot guarantee the security of the information
during transmission, but will treat information we receive as confidential in accordance with Section 5(c) of the International
Investment and Trade in Services Survey Act.
804
Email:
1
2
808
Fax:
1
2
FORM BE-605 (Rev. 5/2012)
Yes
No
E-mail address
805_1
Yes
No
Please see definitions on page 16
Page 15
Definitions
Affiliate means a business enterprise located in one country that is directly or indirectly owned or
controlled by an entity of another country to the extent of 10 percent or more of its voting stock for an
incorporated business or an equivalent interest for an unincorporated business, including a branch.
Affiliated foreign group means (i) the foreign parent, (ii) any foreign entity, proceeding up the foreign parent’s
ownership chain, that owns more than 50 percent of the entity below it up to and including that entity which is not
owned more than 50 percent by another foreign entity, and (iii) any foreign entity, proceeding down the ownership
chain(s) of each of these members, which is owned more than 50 percent by the entity above it.
Banking covers business enterprises engaged in deposit banking or closely related functions, including
commercial banks, Edge Act corporations engaged in international or foreign banking, foreign branches and
agencies of U.S. banks whether or not they accept deposits abroad, U.S. branches and agencies of foreign
banks whether or not they accept domestic deposits, savings and loans, savings banks, bank holding
companies, and financial holding companies under the Gramm–Leach–Bliley Act. (U.S. branches of foreign
banks are U.S. entities; conversely, foreign branches of U.S. banks are foreign entities.)
Branch means the operations or activities conducted by an entity in a different location in its own name rather
than through an incorporated entity.
Business enterprise means any organization, association, branch, or venture that exists for profit making
purposes or to otherwise secure economic advantage, and any ownership of any real estate.
Direct investment means the ownership or control, directly or indirectly, by one investor of 10 percent or more
of the voting securities of an incorporated business enterprise or an equivalent interest in an unincorporated
business enterprise.
Entity (as used here, “entity” is synonymous with “person,” as that term is used in the broad legal sense) means
any individual, branch, partnership, associated group, association, estate, trust, corporation, or other organization
(whether or not organized under the laws of any State), and any government (including a foreign government, the
United States Government, a State or local government, and any agency, corporation, financial institution, or other
entity or instrumentality thereof, including a government-sponsored agency).
Finance industry is comprised of businesses engaged in financial transactions (transactions involving the
creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions.
Finance industry activities include the raising of funds by taking deposits and/or issuing securities, and in the
process, incurring liabilities, and providing specialized services facilitating, or supporting, financial intermediation.
Foreign, when used in a geographic sense, means that which is situated outside the United States or which
belongs to or is characteristic of a country other than the United States.
Foreign affiliate of foreign parent (FAFP) means, with reference to a given U.S. affiliate, any member of the
affiliated foreign group (see definition above) that is not a foreign parent of the affiliate.
Foreign direct investment in the United States means the ownership or control, directly or indirectly, by one
foreign investor of 10 percent or more of the voting securities of an incorporated U.S. business enterprise or an
equivalent interest in an unincorporated U.S. business enterprise, including a branch or partnership.
Foreign parent means each and every foreign entity that directly holds a voting interest of 10 percent or more
in the U.S. business enterprise identified as the U.S. affiliate.
United States, when used in a geographic sense, means the 50 States, the District of Columbia, the
Commonwealth of Puerto Rico, and all territories and possessions of the United States.
U.S. affiliate means an affiliate located in the United States in which a foreign entity has a direct investment.
U.S. corporation means a business enterprise incorporated in the United States.
Voting interest is the percent of ownership in the voting securities of an incorporated business enterprise or an
equivalent interest in an unincorporated business enterprise, including a branch or partnership.
Page 16
FORM BE-605 (Rev. 5/2012)
| File Type | application/pdf |
| File Title | untitled |
| File Modified | 2013-09-20 |
| File Created | 2013-09-20 |