Berkshire Hathaway 2009 Annual Report Download - page 41

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Notes to Consolidated Financial Statements (Continued)
(8) Receivables
Receivables of insurance and other businesses are comprised of the following (in millions).
2009 2008
Insurance premiums receivable ............................................................. $ 5,295 $ 4,961
Reinsurance recoverables ................................................................. 2,922 3,235
Trade and other receivables ................................................................ 6,977 7,141
Allowances for uncollectible accounts ....................................................... (402) (412)
$14,792 $14,925
Loans and finance receivables of finance and financial products businesses are comprised of the following (in millions).
2009 2008
Consumer installment loans and finance receivables ............................................ $12,779 $13,190
Commercial loans and finance receivables .................................................... 1,558 1,050
Allowances for uncollectible loans .......................................................... (348) (298)
$13,989 $13,942
Allowances for uncollectible loans primarily relate to consumer installment loans. Provisions for consumer loan losses
were $380 million in 2009 and $305 million in 2008. Loan charge-offs were $335 million in 2009 and $215 million in 2008.
Consumer loan amounts are net of acquisition discounts of $594 million at December 31, 2009 and $684 million at
December 31, 2008.
(9) Inventories
Inventories are comprised of the following (in millions).
2009 2008
Raw materials ............................................................................ $ 924 $1,161
Work in process and other ................................................................... 438 607
Finished manufactured goods ................................................................ 1,959 2,580
Purchased goods .......................................................................... 2,826 3,152
$6,147 $7,500
(10) Goodwill
A reconciliation of the change in the carrying value of goodwill is as follows (in millions).
2009 2008
Balance at beginning of year ............................................................... $33,781 $32,862
Acquisitions of businesses and other ........................................................ 191 919
Balance at end of year .................................................................... $33,972 $33,781
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