伯克希尔·哈撒韦Berkshire Hathaway (BRK-A) 2002年年度报告「NYSE」.pdf

1、BERKSHIRE HATHAWAY INC.2002 ANNUAL REPORTTABLE OF CONTENTSBusiness Activities.Inside Front CoverCorporate Performance vs.the S&P 500.2Chairmans Letter*.3Selected Financial Data For ThePast Five Years.24Acquisition Criteria.25Independent Auditors Report.25Consolidated Financial Statements.26Managemen

2、ts Discussion.52Owners Manual.68Common Stock Data.75Major Operating Companies.76Directors and Officers of the Company.Inside Back Cover*Copyright 2003 By Warren E.BuffettAll Rights ReservedBusiness ActivitiesBerkshire Hathaway Inc.is a holding company owning subsidiaries engaged ina number of divers

3、e business activities.The most important of these is the property andcasualty insurance business conducted on both a direct and reinsurance basis through anumber of subsidiaries.Included in this group of subsidiaries is GEICO,the sixth largestauto insurer in the United States,General Re,one of the f

4、our largest reinsurers in theworld,and the Berkshire Hathaway Reinsurance Group.Numerous business activities are conducted through non-insurance subsidiaries.Included in the non-insurance subsidiaries are several large manufacturing businesses.Shaw Industries is the worlds largest manufacturer of tu

5、fted broadloom carpet.BenjaminMoore is a formulator,manufacturer and retailer of architectural and industrial coatings.Johns Manville is a leading manufacturer of insulation and building products.AcmeBuilding Brands is a manufacturer of face brick and concrete masonry products.MiTekInc.produces stee

6、l connector products and engineering software for the buildingcomponents market.Fruit of the Loom,Garan,Fechheimer,H.H.Brown,Lowell,JustinBrands and Dexter manufacture,license and distribute apparel and footwear under avariety of brand names.Scott Fetzer is a diversified manufacturer and distributor