Berkshire Hathaway 2000 Annual Report Download - page 74

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73
BERKSHIRE HATHAWAY INC.
NON-OPERATING ACTIVITIES
These statements reflect the consolidated financial statement values for assets, liabilities, shareholders'
equity, revenues and expenses that were not assigned to any Berkshire operating group in the unaudited, and not
fully GAAP - adjusted group financial statements heretofore presented (pages 67 to 72).
Statements of Net Assets
(dollars in millions)
December 31,
2000 1999
Assets
Cash and cash equivalents..................................................................................................... $ 163 $ 484
Investments:
Fixed maturities............................................................................................................... 184 2
Equity securities .............................................................................................................. 365 339
Unamortized goodwill and other purchase-accounting adjustments * .................................... 18,831 18,489
Deferred tax assets ................................................................................................................ 62 80
Other .................................................................................................................................... 69 50
$19,674 $19,444
Liabilities
Accounts payable, accruals and other .................................................................................... $ 163 $ 76
Income taxes......................................................................................................................... 236 86
Borrowings under investment agreements and other debt ...................................................... 1,372 1,693
1,771 1,855
Equity
Minority shareholders’ .......................................................................................................... 53 11
Berkshire shareholders’ ........................................................................................................ 17,850 17,578
17,903 17,589
$19,674 $19,444
Statements of Earnings
(dollars in millions)
2000 1999 1998
Revenues:
Interest, dividend and other income .......................................................................... $ 35 $ 39 $ 63
Realized investment gain .......................................................................................... 35 1 40
70 40 103
Expenses:
Corporate administration .......................................................................................... 6 6 6
Shareholder-designated contributions........................................................................ 17 17 17
Amortization of goodwill and purchase-accounting adjustments *............................. 876 739 210
Interest on debt ......................................................................................................... 98 106 96
997 868 329
Loss before income taxes........................................................................................... (927) (828) (226)
Income tax benefit..................................................................................................... (55) (119) (33)
(872) (709) (193)
Minority interest ....................................................................................................... 5 1 5
Net loss..................................................................................................................... $(877)$(710)$(198)
* Purchase-accounting adjustments and goodwill arose in accounting for business acquisitions.
These statements do not conform to GAAP in all respects
These statements are unaudited