GE 2005 Annual Report Download - page 121

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(121)
Note 22
Minority Interest in Equity of Consolidated Affiliates
Minority interest in equity of consolidated affiliates includes common shares in consolidated affiliates and preferred
stock issued by GE Capital and by affiliates of GE Capital. Preferred shares that we are required to redeem at a
specified or determinable date are classified as liabilities. The balance is summarized as follows:
December 31 (In millions) 2005 2004
Minority interest in consolidated affiliates
NBC Universal(a) $4,597
$6,529
Others(b) 2,073 2,156
Minority interest in preferred stock(c)
GE Capital 70 2,600
GE Capital affiliates 1,314 1,318
Total $8,054
$ 12,603
(a) 2004 amounts included preferred interests associated with VUE that were settled in 2005. See note 16 for further information.
(b) Included minority interest in consolidated, liquidating securitization entities, partnerships and common shares of consolidated affiliates.
(c) The preferred stock primarily pays cumulative dividends at variable rates. Dividend rates in local currency on the preferred stock ranged
from 1.94% to 5.38% during 2005 and 0.99% to 5.46% during 2004.