ADT 2001 Annual Report Download - page 83

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81
30. TYCO INTERNATIONAL GROUP S.A.
During Fiscal 2001 and Fiscal 2000, Tyco International Group S.A. (“TIG”), a wholly-owned subsidiary of the Company, issued pub-
lic debt securities (see Note 6) which are fully and unconditionally guaranteed by Tyco. The following presents condensed consol-
idating financial information for TIG and its subsidiaries as if TIG and its current organizational structure were in place for all
periods presented. Condensed financial information for Tyco and TIG on a stand-alone basis are presented using the equity method
of accounting for subsidiaries in which it owns or controls twenty percent or more of the voting shares.
CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 2001
TYCO
TYCO INTERNATIONAL OTHER CONSOLIDATING
($ IN MILLIONS) INTERNATIONAL LTD. GROUP S.A. SUBSIDIARIES ADJUSTMENTS TOTAL
ASSETS
Cash and cash equivalents $ 1.4 $ 37.0 $ 2,548.8 $
—
$ 2,587.2
Receivables, net 4.2
—
7,368.3
—
7,372.5
Inventories
——
5,101.3
—
5,101.3
Finance receivables, net
——
31,386.5
—
31,386.5
Intercompany receivables 520.5 8.3 5,035.3 (5,564.1)
—
Construction in progress—TyCom Global Network
——
1,643.8
—
1,643.8
TyCom Global Network placed in service, net
——
698.6
—
698.6
Property, plant and equipment (including equipment
leased to others), net 6.4 0.7 16,466.8
—
16,473.9
Goodwill and other intangible assets, net
—
0.7 35,309.7
—
35,310.4
Investment in subsidiaries 55,841.9 18,792.4
—
(74,634.3)
—
Intercompany loans receivable 218.3 16,672.3 9,610.1 (26,500.7)
—
Other assets 97.6 80.8 11,300.5 (765.8) 10,713.1
TOTAL ASSETS $56,690.3 $35,592.2 $126,469.7 $(107,464.9) $111,287.3
LIABILITIES AND SHAREHOLDERS’ EQUITY
Loans payable and current maturities of long-term debt $
—
$ 1,106.5 $ 17,767.1 $
—
$ 18,873.6
Accounts payable
—
0.2 4,145.7
—
4,145.9
Accrued expenses and other current liabilities 30.1 127.3 10,442.1
—
10,599.5
Intercompany payables 4,296.2 739.1 528.8 (5,564.1)
—
Long-term debt 3,499.4 14,843.3 19,900.4
—
38,243.1
Intercompany loans payable 9,610.1
—
16,890.6 (26,500.7)
—
Other liabilities
—
5.4 6,461.2 659.8 7,126.4
TOTAL LIABILITIES 17,435.8 16,821.8 76,135.9 (31,405.0) 78,988.5
Mandatorily redeemable preferred securities
——
260.0
—
260.0
Minority interest
——
301.4
—
301.4
SHAREHOLDERS’ EQUITY:
Subsidiary preference shares
——
1,710.0 (1,710.0)
—
Common shares 390.3
—
27.2 (30.4) 387.1
Capital in excess:
Share premium 15,691.4
——
(7,728.6) 7,962.8
Contributed surplus 18,779.0 12,665.0 30,015.3 (48,898.0) 12,561.3
Accumulated earnings 4,393.8 6,105.4 19,499.4 (17,692.9) 12,305.7
Accumulated other comprehensive loss
——
(1,479.5)
—
(1,479.5)
TOTAL SHAREHOLDERS’ EQUITY 39,254.5 18,770.4 49,772.4 (76,059.9) 31,737.4
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $56,690.3 $35,592.2 $126,469.7 $(107,464.9) $111,287.3