Be-11d

FORM

BE-11D

OMB No. 0608-0053: Approval Expires 11/30/2018

(REV. 12/2017)

2017 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
MANDATORY — CONFIDENTIAL

BE-11D (Report for Foreign Affiliate(s) Established or Acquired)

Due Date:

D

May 31, 2018

Reporter ID Number*

Electronic Filing:

Go to www.bea.gov/efile for details

*Do not enter Social Security in Reporter ID box

Mail reports to:

Bureau of Economic Analysis
Direct Investment Division, BE-69(A)
4600 Silver Hill Road
Washington, DC 20233

1

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

1 , Form BE-11A

Deliver reports to: Bureau of Economic Analysis
Direct Investment Division, BE-69(A)
4600 Silver Hill Road
Suitland, MD 20746
Fax reports to:

(301) 278-9502

Assistance:

E-mail:
Telephone:
Copies of form:

be10/[email protected]
(301) 278-9418
www.bea.gov/dia

Please include your Reporter Identification Number
with all requests.

IMPORTANT
Instruction Booklet — Contains additional instructions, definitions, and detailed reporting requirements for completing this form.
Who must report — The U.S. Reporter must report each foreign affiliate established or acquired in fiscal year 2017 for which
total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater than
$25 million (positive or negative), but for which no one of these items was greater than $60 million (positive or negative) at the end of, or for, the
affiliate’s 2017 fiscal year. Certain private funds are exempt from filing the Form BE-11D. Review exemption on page 2, Part II.B of the Form BE-11
Claim for Not Filing.
Foreign affiliate’s 2017 fiscal year — The foreign affiliate’s financial reporting year that has an ending date in calendar year 2017.
See Instruction Booklet, Part II.A.
EXAMPLE — If the financial reporting year ended on March 31, report for the 12-month period ended March 31, 2017.
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.

1

Thous.

Dols.

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: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

BEA
USE
ONLY

1000

1

2

3

9 ___
8 . ___
7 %
___ ___

Listing of Foreign Affiliates Established or Acquired in FY 2017
Affiliate ID Number

5000

1

Amount
(Thousands of U.S. dollars)

0

$

Name of foreign affiliate . . . .

--Select Country--

Country of location . . . . . . .

000
000

Total liabilities . . . . . . . . . . .
3

Primary industry code . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

6

Sales or gross
operating revenues . . . . . . .

9

000
10

4

Affiliate ID Number

Dols.

8

City of location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5001

Thous.

Total assets . . . . . . . . . . . . .

0

Number of employees . . . . . . . . . . . . . . . . . . . . . . . . .
5
Direct
U.S. Reporter’s percentage
of ownership . . . . . . . . . . . .
___ ___ ___ . ___ %

Mil.

7

2 – BEA USE ONLY

Net income (loss) after
foreign income tax . . . . . . . .
Indirect
___ ___ ___ . ___ %

000
11

Research and development
performed BY the affiliate . .

000

1

Amount
(Thousands of U.S. dollars)

0

$

Name of foreign affiliate . . . .

--Select Country--

Country of location . . . . . . .

000
000

Total liabilities . . . . . . . . . . .
3

Primary industry code . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

6

Sales or gross
operating revenues . . . . . . .

9

000
10

4

Affiliate ID Number

Dols.

8

City of location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5002

Thous.

Total assets . . . . . . . . . . . . .

0

Number of employees . . . . . . . . . . . . . . . . . . . . . . . . .
5
Direct
U.S. Reporter’s percentage
of ownership . . . . . . . . . . . .
___ ___ ___ . ___ %

Mil.

7

2 – BEA USE ONLY

Net income (loss) after
foreign income tax . . . . . . . .
Indirect
___ ___ ___ . ___ %

000
11

Research and development
performed BY the affiliate . .

000

1

Amount
(Thousands of U.S. dollars)

0

$

Name of foreign affiliate . . . .

--Select Country--

Country of location . . . . . . .

000
000

Total liabilities . . . . . . . . . . .
3

Primary industry code . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

6

Sales or gross
operating revenues . . . . . . .

9

000
10

4

Affiliate ID Number

Dols.

8

City of location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5003

Thous.

Total assets . . . . . . . . . . . . .

0

Number of employees . . . . . . . . . . . . . . . . . . . . . . . . .
5
Direct
U.S. Reporter’s percentage
of ownership . . . . . . . . . . . .
___ ___ ___ . ___ %

Mil.

7

2 – BEA USE ONLY

Net income (loss) after
foreign income tax . . . . . . . .
Indirect
___ ___ ___ . ___ %

000
11

Research and development
performed BY the affiliate . .

000

1

Amount
(Thousands of U.S. dollars)

0

$

Name of foreign affiliate . . . .

--Select Country--

Country of location . . . . . . .

Thous.

Dols.

000

Total assets . . . . . . . . . . . . .
8

0

000

Total liabilities . . . . . . . . . . .

City of location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3

Primary industry code . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

6

Sales or gross
operating revenues . . . . . . .

9

000
10

4

Number of employees . . . . . . . . . . . . . . . . . . . . . . . . .
5
Direct
U.S. Reporter’s percentage
of ownership . . . . . . . . . . . .
___ ___ ___ . ___ %

Mil.

7

2 – BEA USE ONLY

Net income (loss) after
foreign income tax . . . . . . . .
Indirect
___ ___ ___ . ___ %

000
11

Research and development
performed BY the affiliate . .

000

Additional foreign affiliates should be reported on additional copied sheets.
Page 2

FORM BE-11D (REV. 12/2017)

INSTRUCTIONS
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.
Primary industry code (based on sales or gross operating
revenues) — Provide 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, 2012. A summary list
of ISI codes is included at the back of Form BE-11B. To be considered a
holding company (ISI code 5512), income from equity investments must
be more than 50 percent of total income.

itself holds the ownership interest in the foreign business enterprise.
It is indirectly held if the U.S. Reporter holds an ownership interest in
another foreign business enterprise that, in turn, owns the given foreign
business enterprise. The U.S. Reporter must sum all direct and indirect
lines of ownership interest in the foreign business enterprise to determine
its ownership interest. Note — An associated group is deemed to be one
U.S. Reporter. See Instruction Booklet, Part II.C.
A U.S. Reporter’s percentage of indirect ownership interest in a given
foreign business enterprise is the product of the direct ownership
percentage that the U.S. Reporter has in the first foreign business
enterprise in the ownership chain, multiplied by that first enterprise’s direct
ownership percentage in the second enterprise in the chain, multiplied by
the direct ownership percentages for all other intervening enterprises in
the ownership chain, multiplied by the last intervening enterprise’s direct
ownership percentage in the given foreign business enterprise.

Number of employees — Employees on the payroll at the end of FY
2017 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 2017. If
the number of employees at the end of FY 2017 (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 2017. 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.

Finance and leasing companies with ISI codes 5221, 5223, 5224, 5229,
5231, 5238, 5252, or 5331 report interest income. Insurance companies
with ISI codes 5243 or 5249 report gross investment income. Dealers in
financial instruments and finance, insurance, and real estate companies
see Special Instructions below.

U.S. Reporter’s Percentage of Ownership in the Foreign
Affiliate: Calculation of ownership percentage — A U.S.
Reporter’s ownership interest in a foreign business enterprise may be
directly held, indirectly held, or both. It is directly held if the U.S. Reporter

Holding companies (ISI code 5512) must show total income. ISI code
5512 (holding company), is an invalid primary industry code if more than
50 percent of income generated, or expected to be generated, by the
affiliate is from non-holding company activities.

Sales or Gross Operating Revenues of Foreign Affiliate —
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.

TECHNOLOGY
Research and development (R&D) expenditures on the BE-11D form pertains only to 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. 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, 59 ).
Research and development (R&D) expenditures — R&D is planned, creative work aimed at discovering new knowledge or developing new
or significantly improved goods and services. This includes a) activities aimed at acquiring new knowledge or understanding without specific immediate
commercial application or use (basic research); b) activities aimed at solving a specific problem or meeting a specific commercial objective (applied
research); and c) systematic use of research and practical experience to produce new or significantly improved goods, services, or processes
(development).
R&D EXCLUDES expenditures for:
xCosts for routine product testing, quality control, and technical services unless they are an integral part of an R&D project
xMarket research
xEfficiency surveys or management studies
xLiterary, artistic, or historical projects, such as films, music, or books and other publications
• Prospecting or exploration for natural resources
xR&D includes the activities described above, whether assigned to separate R&D organizational units of the company or carried out by company
laboratories and technical groups that are not a part of an R&D organization.
xINCLUDE all costs incurred to support R&D performed by the affiliate. INCLUDE wages, salaries, and related costs; materials and supplies
consumed; depreciation on R&D property and equipment, cost of computer software used in R&D activities; utilities, such as telephone,
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.
xEXCLUDE capital expenditures, expenditures for tests and evaluations once a prototype becomes a production model, patent expenses, and
income taxes and interest.

FORM BE-11D (REV. 12/2017)

Page 3

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

A. Dealers in financial instruments (including securities,
currencies, derivatives, and other financial instruments)
and finance and insurance companies —
Sales or gross operating revenues:
INCLUDE income from explicit fees and commissions.
EXCLUDE
x Impairment losses as defined by FASB ASC 320 (FAS 115),
x Realized gains and losses on trading or dealing,
x Unrealized gains or losses, due to changes in the valuation of
financial instruments, that flow through the income statement or
are taken to other comprehensive income, and
x Goodwill impairment as defined by FASB ASC 350 (FAS 142).

B. Real estate companies —
Sales or gross operating revenues:
INCLUDE the revenues earned from the sale of real estate you
own. Do not net the expenses against the revenues.
EXCLUDE
x Impairment losses as defined by FASB ASC 360 (FAS 144), and
x Goodwill impairment as defined by FASB ASC 350 (FAS 142).

C. Insurance companies —
Assets:
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.
2. Do not INCLUDE assets of the U.S. Reporter held in the country
of location of the affiliate and that are for the benefit of the U.S.
Reporter’s policyholders in the data reported for the affiliate.
Sales or gross operating revenues:
INCLUDE items such as earned premiums, annuity
considerations, gross investment income, and items of a similar
nature.
EXCLUDE
x Income from equity investments in unconsolidated business
enterprises, and
x Certain gains (losses).
Calculate premiums earned by companies engaged in insurance
activities 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.

Page 4

FORM BE-11D (REV. 12/2017)