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