GE 2005 Annual Report Download - page 70

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(70)
Statement of Financial Position
General Electric
Company
and consolidated
affiliates
At December 31 (In millions, except share amounts)
2005
(Restated)
2004
(Restated)
ASSETS
Cash and equivalents $9,011
$ 12,152
Investment securities (note 10) 53,144
56,923
Current receivables (note 11) 14,851
14,233
Inventories (note 12) 10,474
9,778
Financing receivables – net (notes 13 and 14) 287,639
282,699
Other GECS receivables 14,767
11,340
Property, plant and equipment – net (note 15) 67,528
63,103
Investment in GECS –
Intangible assets – net (note 16) 81,726
78,456
All other assets (note 17) 87,425
89,667
Assets of discontinued operations (note 2) 46,756
132,266
Total assets $673,321
$ 750,617
LIABILITIES AND EQUITY
Short-term borrowings (note 18) $158,156
$ 157,195
Accounts payable, principally trade accounts 21,273
19,137
Progress collections and price adjustments accrued 4,456
3,937
Dividends payable 2,623
2,329
All other current costs and expenses accrued 18,419
17,539
Long-term borrowings (note 18) 212,281
207,871
Investment contracts, insurance liabilities and
insurance annuity benefits (note 19) 45,432
48,076
All other liabilities (note 20) 40,632
42,779
Deferred income taxes (note 21) 16,312
15,308
Liabilities of and minority interest in
discontinued operations (note 2) 36,332
112,935
Total liabilities 555,916
627,106
Minority interest in equity of consolidated affiliates (note 22) 8,054
12,603
Common stock (10,484,268,000 and 10,586,358,000
shares outstanding at year-end 2005 and 2004, respectively) 669
669
Accumulated gains (losses) – net
Investment securities 1,831
2,268
Currency translation adjustments 2,532
6,850
Cash flow hedges (352 ) (305)
Minimum pension liabilities (874 ) (657)
Other capital 25,227
24,265
Retained earnings 97,644
90,580
Less common stock held in treasury (17,326 ) (12,762)
Total shareowners’ equity (notes 23 and 24) 109,351
110,908
Total liabilities and equity $673,321
$ 750,617
The sum of accumulated gains (losses) on investment securities, currency translation adjustments, cash flow hedges and minimum pension liabilities constitutes
“Accumulated nonowner changes other than earnings,” as shown in note 23, and was $3,137 million and $8,156 million at December 31, 2005 and 2004, respectively.
The notes to consolidated financial statements are an integral part of this statement.