DuPont 2006 Annual Report Download - page 89

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13. SUMMARIZED FINANCIAL INFORMATION FOR AFFILIATED COMPANIES
Summarized combined financial information for affiliated companies for which the equity method of
accounting is used (see Note 1) is shown on a 100 percent basis. The most significant of these affiliates at
December 31, 2006, are DuPont Teijin Films, DuPont-Toray Company Ltd. and DuPont-Mitsui, all of which
are owned 50 percent by the company. Dividends received from equity affiliates were $61 in 2006, $107 in
2005 and $60 in 2004.
Results of operations 2006 2005 2004
Year Ended December 31,
Net sales
1
$3,491 $3,789 $6,152
Earnings (losses) before income taxes 205 333 292
Net income (loss)
2
85 207 137
DuPont’s equity in earnings (losses) of affiliates:
Partnerships-pretax
3
37 (88)
4
Corporate joint ventures-after tax 47 101 49
$50 $ 108 $ (39)
1Includes sales to DuPont of $624 in 2006, $631 in 2005, and $764 in 2004.
2Includes losses of $25 in 2005 and $52 in 2004 in DuPont Photomasks, Inc., an equity affiliate in which DuPont had approximately a
20 percent ownership interest. DuPont sold its interest in DuPont Photomasks, Inc. in April 2005.
3Income taxes are reflected in the company’s provision for income tax.
4Includes a charge of $150 for antitrust litigation matters associated with DuPont Dow Elastomers, LLC, (DDE), recorded during the
first quarter of 2004, when DDE was accounted for as an equity affiliate. (see Note 20)
Financial position at December 31, 2006 2005
Current assets $1,376 $1,292
Noncurrent assets 1,752 1,780
Total assets 3,128 3,072
Short-term borrowings
1
639 606
Other current liabilities 687 621
Long-term borrowings
1
238 259
Other long-term liabilities 112 111
Total liabilities 1,676 1,597
DuPont’s investment in affiliates (includes advances) $ 803 $ 844
1The company’s pro rata interest in total borrowings was $651 in 2006 and $425 in 2005, of which $300 in 2006 and $354 in 2005 were
guaranteed by the company. These amounts are included in the guarantees disclosed in Note 20.
F-26
E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)