伯克希尔·哈撒韦Berkshire Hathaway (BRK-A) 2000年年度报告「NYSE」.pdf

1、BERKSHIRE HATHAWAY INC.2000 ANNUAL REPORTTABLE OF CONTENTSBusiness Activities.Inside Front CoverCorporate Performance vs.the S&P 500.2Chairmans Letter*.3Selected Financial Data For ThePast Five Years.22Acquisition Criteria.23Independent Auditors Report.23Consolidated Financial Statements.24Managemen

2、ts Discussion.46Owners Manual.59Combined Financial Statements Unaudited for Berkshire Business Groups.67Shareholder-Designated Contributions.74Common Stock Data.76Directors and Officers of the Company.Inside Back Cover*Copyright 2001 By Warren E.BuffettAll Rights ReservedBusiness ActivitiesBerkshire

3、 Hathaway Inc.is a holding company owning subsidiaries engaged in anumber of diverse 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

4、is GEICO Corporation,thesixth largest auto insurer in the United States and General Re Corporation,one of the fourlargest reinsurers in the world.Investment portfolios of insurance subsidiaries include meaningful equity ownershippercentages of other publicly traded companies.Investments with a marke

5、t value in excessof$1 billion at the end of 2000 include approximately 11%of the outstanding capitalstock of American Express Company,approximately 8%of the capital stock of The Coca-Cola Company,approximately 9%of the capital stock of The Gillette Company,approximately 18%of the capital stock of Th

6、e Washington Post Company andapproximately 3%of the capital stock of Wells Fargo and Company.Much informationabout these publicly-owned companies is available,including information released fromtime to time by the companies themselves.Numerous business activities are conducted through non-insurance