Portuguese - ADM

More documents

Recommendations

Info

Archer Daniels Midland Company Consolidated Statements of Shareholders’ Equity Accumulated Other Total Common Stock Reinvested Comprehensive Shareholders’ Shares Amount Earnings Income Equity (In millions) Balance June 30, 2005 651 $5,386 $3,012 $ 37 $ 8,435 Comprehensive income Net earnings 1,312 Other comprehensive income 177 Total comprehensive income 1,489 Cash dividends paid-$.37 per share (242) (242) Treasury stock purchases – (2) (2) Other 5 127 127 Balance June 30, 2006 656 5,511 4,082 214 9,807 Comprehensive income Net earnings 2,162 Other comprehensive income 172 Total comprehensive income 2,334 SFAS No. 158 transition adjustment, net of tax (205) (205) Cash dividends paid-$.43 per share (281) (281) Treasury stock purchases (15) (533) (533) Purchase of call options, net of tax (186) (186) Sale of stock warrants 170 170 Other 2 128 19 147 Balance June 30, 2007 643 5,090 5,982 181 11,253 Comprehensive income Net earnings 1,802 Other comprehensive income 776 Total comprehensive income 2,578 Cash dividends paid-$.49 per share (316) (316) Treasury stock purchases (2) (61) (61) Forward contract component of Equity Units (110) (110) Other 3 120 26 146 Balance June 30, 2008 644 $5,039 $7,494 $ 957 $13,490 See notes to consolidated financial statements. 40
Archer Daniels Midland Company Notes to Consolidated Financial Statements Note 1. Summary of Significant Accounting Policies Nature of Business The Company is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. Principles of Consolidation The consolidated financial statements as of June 30, 2008, and for the three years then ended include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Investments in affiliates are carried at cost plus equity in undistributed earnings since acquisition and are adjusted, where appropriate, for amortizable basis differences between the investment balance and the underlying net assets of the investee. Certain majority-owned subsidiaries whose fiscal periods differ from the Company’s are consolidated using the most recent available financial statements which in each case are within 93 days of the Company’s year end and are consistent from period to period The Company evaluates and consolidates where appropriate its less than majority-owned investments pursuant to Financial Accounting Standards Board (FASB) Interpretation No. 46, Consolidation of Variable Interest Entities, an Interpretation of Accounting Research Bulletin No. 51 (FIN 46). A variable interest entity (VIE) is a corporation, partnership, trust, or any other legal structure used for business purposes that does not have equity investors with proportionate voting rights or has equity investors that do not provide sufficient financial resources for the entity to support its activities. FIN 46 requires a VIE to be consolidated by a company if that company is the primary beneficiary of the VIE. The primary beneficiary of a VIE is an entity that is subject to a majority of the risk of loss from the VIE’s activities or entitled to receive a majority of the entity’s residual returns, or both. Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect amounts reported in its consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Cash Equivalents The Company considers all non-segregated, highly-liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. Segregated Cash and Investments The Company segregates certain cash and investment balances in accordance with certain regulatory requirements, commodity exchange requirements, and insurance arrangements. These segregated balances represent deposits received from customers trading in exchange-traded commodity instruments, securities pledged to commodity exchange clearinghouses, and cash and securities pledged as security under certain insurance arrangements. Segregated cash and investments primarily consist of cash, United States government securities, and money-market funds. Receivables The Company records trade accounts receivable at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts, $89 million and $69 million at June 30, 2008 and 2007, respectively, to reflect any loss anticipated on the trade accounts receivable balances. The Company calculates this allowance based on its history of write-offs, level of past-due accounts, and its relationships with, and the economic status of, its customers. 41
Page 1 and 2:
Relatório Anual 2008 da Archer Dan
Page 3 and 4: DESTAQUES FINANCEIROS (em milhões,
Page 5 and 6: No ano, o lucro líquido atingiu US
Page 7 and 8: O ELO VITAL: Os negócios da ADM co
Page 9 and 10: O MUNDO PRECISA DE CONEXÃO. A RESP
Page 11 and 12: Erik Lightner, da ADM, supervisiona
Page 13 and 14: A BASE DE ATIVOS GLOBAIS DA ADM EST
Page 15 and 16: UNITED STATES SECURITIES AND EXCHAN
Page 17 and 18: Table of Contents Item No. Descript
Page 19 and 20: Item 1. BUSINESS (Continued) Golden
Page 21 and 22: Item 1. BUSINESS (Continued) Corpor
Page 23 and 24: Item 1. BUSINESS (Continued) The Co
Page 25 and 26: Item 1A. RISK FACTORS (Continued) T
Page 27 and 28: Item 2. PROPERTIES The Company owns
Page 29 and 30: Item 2. PROPERTIES (Continued) Othe
Page 31 and 32: Item 5. MARKET FOR REGISTRANT’S C
Page 33 and 34: Item 6. SELECTED FINANCIAL DATA Sel
Page 35 and 36: Item 7. MANAGEMENT’S DISCUSSION A
Page 49 and 50: Item 7A. QUANTITATIVE AND QUALITATI
Page 51 and 52: Archer Daniels Midland Company Cons
Page 53: Archer Daniels Midland Company Cons
Page 57 and 58: Archer Daniels Midland Company Note
Page 63 and 64: Note 5. Investments in and Advances
Page 65 and 66: Note 7. Debt and Financing Arrangem
Page 69 and 70: Note 8. Shareholders’ Equity (Con
Page 73 and 74: Note 11. Income Taxes (Continued) A
Page 75 and 76: Note 11. Income Taxes (Continued) A
Page 77 and 78: Note 13. Employee Benefit Plans (Co
Page 87 and 88: The Board of Directors and Sharehol
Page 89 and 90: Item 9. CHANGES IN AND DISAGREEMENT
Page 91 and 92: Item 10. DIRECTORS, EXECUTIVE OFFIC
Page 93 and 94: Item 12. SECURITY OWNERSHIP OF CERT
Page 95 and 96: Item 15. EXHIBITS AND FINANCIAL STA
Page 97 and 98: Item 15. EXHIBITS AND FINANCIAL STA
Page 99 and 100: EXHIBIT 21--SUBSIDIARIES OF THE REG
Page 101 and 102: Registration Statement No. 333-4261
Page 103 and 104: ARCHER-DANIELS-MIDLAND COMPANY Powe
Page 105 and 106:
ARCHER-DANIELS-MIDLAND COMPANY Powe
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
d) Disclosed in this report any cha
Page 115 and 116:
d) Disclosed in this report any cha
Page 117 and 118:
SECTION 1350 CERTIFICATION 103 Exhi
Page 119:
NUTRIÇÃO CONEXÃO ENERGIA PROGRES
show all

Portuguese - ADM

Create successful ePaper yourself

Delete template?

Save as template?