Magazine

Table: Opening the Books?


As promised, GE's latest annual report has more. Is it enough?

THE NEW REPORT CONTAINS...

-- Significantly more financial information than the previous year

-- Sales and income for 26 businesses instead of 12 consolidated segments

-- More data on GE Capital, the complex finance arm that kicks in 40% of revenues

-- Greater disclosure on accounting practices, including $56.4 billion in off-balance-sheet entities

...BUT IT FAILS TO OFFER:

-- A breakout of pension income, research outlays, and other costs by business

-- Disclosure of acquisitions in each business segment

-- Origin of revenues within each of its business units

-- Explanations of write-offs and losses by business unit


Steve Ballmer, Power Forward
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