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Show GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES DETAILS OF ITEMS IN STATEMENT OF FINANCIAL POSITION (Amounts in millions) June 30, December 31, 1976 1975 (Unaudited) Current receivables Customers' accounts and notes....................................................................... $2,267.1 $2,309.8 Associated companies..................................................................................... 72.3 96.8 Nonconsolidated affiliates.............................................................................. 1.1 2.1 Other................................................................................................................ 310.7 295.7 Less allowance for losses................................................................................ (53.8) (55.1) $2,597.4 $2,649.3 Inventories Raw materials and work in process................................................................ $1,417.3 $1,415.8 Finished goods................................................................................................ 571.9 738.3 Unbilled shipments......................................................................................... 125.7 128.8 $2,114.9 $2,282.9 Investments Nonconsolidated finance affiliates................................................................. $ 508.6 $ 535.0 Miscellaneous investments (at cost): Government and government guaranteed securities................................. 268.0 261.1 Other............................................................................................................ 73.7 63.5 Marketable equity securities: Honeywell Inc. and Honeywell Information Systems Inc......................... 100.3 88.8 Other............................................................................................................ 69.2 34.1 Associated companies..................................................................................... 43.1 40.0 Less allowance for losses................................................................................ (12.8) (13.2) $1,050.1 $1,009.3 Plant and equipment at cost less accumulated depreciation Land and improvements................................................................................. $ 111.8 $ 111.0 Buildings, structures and related equipment.................................................. 1,686.4 1,688.3 Machinery and equipment.............................................................................. 3,659.6 3,695.2 Leasehold costs and plant under construction............................................... 198.4 251.9 5,656.2 5,746.4 Less accumulated depreciation and amortization......................................... (3,093.8) (3,250.6) $2,562.4 $2,495.8 Other assets Long-term receivables.................................................................................... $ 229.5 $ 259.1 Customer financing......................................................................................... 87.7 88.3 Deferred income taxes.................................................................................... 112.7139.6 Recoverable engineering costs on government contracts.............................. 57.0 68.6 Deferred charges............................................................................................. 36.1 40.0 Licenses and other intangiblesnet.............................................................. 28.7 29.0 Other................................................................................................................ _33.8 _44.8 $ 585.5 $ 669.4 See notes to financial statements. F-4 GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES DETAILS OF ITEMS IN STATEMENT OF FINANCIAL POSITION (Amounts in millions) June 30, December 31, 1976 1975 (Unaudited) Short-term borrowings Parent Notes with Trust Departments (average rate at 12/31/75-5.92%; at 6/30/765.92%)................................................ $ 274.7 $ 334.0 Consolidated affiliates (principally foreign) Banks (average rate at 12/31/7516.06%; at 6/30/7616.92%).......... 204.8 192.8 Other, including current portion of long-term debt ($144.1 million at 12/31/75; $34.9 million at 6/30/76)............................................................. 170.8 85.3 $ 650.3 $ 612.1 Accounts payable Trade.................................................................................................................... $ 621.2 $ 523.4 Collected for the account of others..................................................................... 104.4 99.1 Nonconsolidated affiliates................................................................................... 12.7 1.0 $ 738.3 $ 623.5 Other costs and expenses accrued Employee compensation and benefit costs......................................................... $ 412.4 $ 573.2 Customers' allowances........................................................................................ 311.6 339.6 Interest expense................................................................................................... 24.9 23.0 Other costs and expenses..................................................................................... 352.7 431.9 $1,101.6 $1,367.7 Sinking Fund Pre-payment Period Long-term borrowings General Electric Company 6 1/4% Debentures due 1979................................................... None $ 125.0 $ 125.0 5 3/4% Notes due 1991 ............................................................ 1972-90 93.7 93.7 5.30% Debentures due 1992................................................. 1973-91 133.3 128.5 7 1/2% Debentures due 1996................................................... 1977-95 185.3 182.0 8 1/2% Debentures due 2004................................................... 1985-03 300.0 300.0 General Electric Overseas Capital Corporation 4 1/4% Bonds due 1985............................................................ 1976-84 31.9 31.9 4 1/4% Debentures due 1987................................................... None 50.0 50.0 5 1/2% Sterling/Dollar Guaranteed Loan Stock due 1993.... None 7.3 6.4 Other..................................................................................... 45.7 48.2 Other...................................................................... 66.0 67.1 - - $1,038.2 $1,032.8 See notes to financial statements. F-5 ? |
