ADT 2006 Annual Report Download - page 83

based on the civil liabilities provisions of the U.S. federal or state securities laws or hear actions against
us or those persons based on those laws. We have been advised that the United States and Bermuda do
not currently have a treaty providing for the reciprocal recognition and enforcement of judgments in
civil and commercial matters. Therefore, a final judgment for the payment of money rendered by any
U.S. federal or state court based on civil liability, whether or not based solely on U.S. federal or state
securities laws, would not automatically be enforceable in Bermuda.
As a Bermuda company, Tyco is governed by the Companies Act 1981 of Bermuda, which differs
in some material respects from laws generally applicable to United States corporations and
shareholders, including, among others, differences relating to interested director and officer
transactions, shareholder lawsuits and indemnification. Likewise, the duties of directors and officers of
a Bermuda company are generally owed to the company only. Shareholders of Bermuda companies do
not generally have a personal right of action against directors or officers of the company and may only
exercise such rights of action on behalf of the company in limited circumstances. Under Bermuda law,
a company may also agree to indemnify directors and officers for any personal liability, not involving
fraud or dishonesty, incurred in relation to the company. Thus, holders of Tyco securities may have
more difficulty protecting their interests than would holders of securities of a corporation incorporated
in a jurisdiction of the United States.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
Our operations are conducted in facilities throughout the world aggregating approximately
107 million square feet of floor space, of which approximately 58 million square feet are owned and
approximately 49 million square feet are leased. These facilities house manufacturing, distribution and
warehousing operations, as well as sales and marketing, engineering and administrative offices.
Fire and Security operates through a network of offices located in North America, Central
America, South America, Europe, the Middle East, the Asia-Pacific region and South Africa. Our Fire
and Security manufacturing facilities are located in North America, Europe and Asia-Pacific region.
The group occupies approximately 18 million square feet, of which 4 million square feet are owned and
14 million square feet are leased.
Electronics has manufacturing facilities in North America, Central and South America, Europe,
Asia and Australia. The group occupies approximately 31 million square feet, of which 20 million
square feet are owned and 11 million square feet are leased.
Healthcare has manufacturing facilities in North America, Europe, the Middle East and Asia. The
group occupies approximately 22 million square feet, of which 13 million square feet are owned and
9 million square feet are leased.
Engineered Products and Services has manufacturing facilities, warehouses and distribution centers
throughout North America, Europe, the Asia-Pacific region and Central and South America. The group
occupies approximately 36 million square feet, of which 21 million square feet are owned and
15 million square feet are leased.
2006 Financials 21