伯克希尔·哈撒韦Berkshire Hathaway (BRK-A) 2007年年度报告「NYSE」.pdf

1、 BERKSHIRE HATHAWAY INC.2007 ANNUAL REPORT TABLE OF CONTENTS Business Activities.Inside Front Cover Corporate Performance vs.the S&P 500.2 Chairmans Letter*.3 Acquisition Criteria.23 Selected Financial Data For The Past Five Years.23 Managements Report on Internal Control Over Financial Reporting.24

2、 Report of Independent Registered Public Accounting Firm.24 Consolidated Financial Statements.25 Managements Discussion.51 Owners Manual.70 Common Stock Data.75 Operating Companies.76 Directors and Officers of the Company.Inside Back Cover *Copyright 2008 By Warren E.Buffett All Rights Reserved Busi

3、ness Activities Berkshire Hathaway Inc.is a holding company owning subsidiaries that engage in a number of diverse business activities including property and casualty insurance and reinsurance,utilities and energy,finance,manufacturing,services and retailing.Included in the group of subsidiaries tha

4、t underwrite property and casualty insurance and reinsurance is GEICO,one of the four largest auto insurers in the United States and two of the largest reinsurers in the world,General Re and the Berkshire Hathaway Reinsurance Group.Other subsidiaries that underwrite property and casualty insurance i

5、nclude National Indemnity Company,Medical Protective Company,Applied Underwriters,U.S.Liability Insurance Company,Central States Indemnity Company,Kansas Bankers Surety,Cypress Insurance Company,BoatU.S.and several other subsidiaries referred to as the“Homestate Companies.”MidAmerican Energy Holding

6、s Company(“MidAmerican”)is an international energy holding company owning a wide variety of operating companies engaged in the generation,transmission and distribution of energy.Among MidAmericans operating energy companies are Northern Electric and Yorkshire Electricity;MidAmerican Energy Company;P