Volume 2 - IFC

INTERNATIONAL FINANCE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Income from debt securities available-for-sale for the years ended June 30, 2009, June 30, 2008 and June 30, 2007, comprise the following
(US$ millions):
2009 2008 2007
Interest income $ 64 $ 49 $ 13
Realized gains on debt securities 8 104 1
Impairment losses on debt securities:
Total other-than-temporary impairment losses (42) - -
Portion of losses recognized in other comprehensive income 34 - -
Net impairment losses recognized in net income (8) - -
Dividends 7 10 13
Total income from debt securities $ 71 $ 163 $ 27
Realized gains on sales of debt securities includes gains on non-monetary exchanges and recoveries.
NOTE F – EQUITY INVESTMENTS
(Loss) income from equity investments for the years ended June 30, 2009, June 30, 2008 and June 30, 2007 comprises the following (US$
millions):
2009 2008 2007
Realized gains on equity investments $ 1,004 $ 1,396 $ 1,941
Unrealized (losses) gains on equity investments accounted for at fair value
under the Fair Value Option (299) 12 -
Dividends and profit participations 311 428 385
Amortization of UJVs conditional asset retirement obligations (2) (1) (2)
Income from investments accounted for under the equity method - - 19
Other- than-temporary impairment losses:
Equity investments at cost less impairment (605) (140) (40)
Equity investments available-for-sale (453) - -
Total other- than-temporary impairment losses on equity investments (1,058) (140) (40)
Custody, fees and other 2 (7) (11)
Total (loss) income from equity investments $ (42) $ 1,688 $ 2,292
Realized gains on equity sales includes gains on non-monetary exchanges and are net of losses on sales of equity investments.
Dividends and profit participations include $56 million ($59 million - year ended June 30, 2008; $64 million - year ended June 30, 2007) of
receipts received in freely convertible currency, net of cash disbursements, in respect of investments accounted for under the cost recovery
method, for which cost has been fully recovered.
NOTE G – INVESTMENT TRANSACTIONS APPROVED BUT NOT COMMITTED AND COMMITTED BUT NOT DISBURSED OR UTILIZED
Investment transactions approved by the Board of Directors but not committed, loan, equity and debt security commitments signed but not yet
disbursed, and guarantee and client risk management facilities signed but not yet utilized are summarized below (US$ millions):
June 30, 2009 June 30, 2008
Investment transactions approved but not committed:
Loans, equity investments and debt securities $ 6,145 $ 5,878
Guarantees 2,320 1,366
Client risk management facilities 120 90
Total investment transactions approved but not committed 8,585 7,334
Investment transactions committed but not disbursed:
Loans, equity investments and debt securities 9,870 9,132
Investment transactions committed but not utilized:
Guarantees 690 783
Client risk management facilities 104 120
Total investment transactions committed but not disbursed or utilized 10,664 10,035
Total investment transactions approved but not disbursed or utilized $ 19,249 $ 17,369
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