General Electric Co, USA CO : Extel Company Report 

															

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 Update Information
Status: Live
Last Amendment Date: 17 August 2001
Last Balance Sheet Date: 31 December 2000

 Business Addresses

Head Office	
3135 Easton Turnpike 
Fairfield 
CONNECTICUT 
United States 
06431-0001	
Tel.  		+1 203 373-2211	
Fax  		+1 203 373-3131	
	
Web Address	
Web  		http://www.ge.com	

 Service Provider Addresses

Transfer Agents	
The Bank of New York	
PO Box 11002 
Church Street Station 
New York 
New York 
10429-1002 
United States	

 Management

Directors	
Position		Name	
Chairman & Chief 
Executive		John F. Welch Jr.	
Director		Dr. James I. Cash Jr.	
Joint Vice Chairman		Dennis D. Dammerman	
Director		Paolo Fresco	
		Ann M. Fudge	
		Andrea Jung	
		Kenneth G. Langone	
		Rochelle B. Lazarus	
		Scott G. McNealy	
		Gertrude G. Michelson	
		Sam Nunn	
		Frank H.T. Rhodes	
		Douglas A. Warner III	
Joint Vice Chairman		Robert C. Wright	
Director		Silas S. Cathcart	
		Claudio X. Gonzalez	
President		Jeffrey R. Immelt	
Director		Roger S. Penske	
		Andrew C. Sigler	
			
Secretary	
Position		Name	
Senior Vice 
President & 
Secretary		Benjamin W. Heineman Jr.	

 Business Advisors

Role		Name	
Auditors		KPMG LLP	

 Activities

 Industry Sectors

Primary	
SIC Code		Description	
6159		Misc. business credit institutions	
4911		Electric services	
3724		Aircraft engines and engine parts	
3511		Turbines and turbine generator sets	
3080		Miscellaneous Plastics Products, NEC	
3639		Household appliances, nec	
4833		Television broadcasting stations	
3845		Electromedical equipment	

 Group Companies  Subsidiaries

Subsidiaries	
Company		Country Of 
Incorporation		% Owned/ 
Controlled		Post Y/E 
Changes	
							
Post Year End Acquisitions	
NBC Internet Inc.		United States		 100.00%		13 Aug 2001 (A)	
Notes: The company acquired NBC Internet Inc	
	
Affiliated Companies	
Company		Country Of 
Incorporation		% Owned/ 
Controlled		Post Y/E 
Changes	
Caribe GE Distribution 
Components Inc				 100.00%		
GE Aircraft Engine Services 
Ltd		United Kingdom		 100.00%		
GEA Parts Ltd				 100.00%		
GE Energy Parts Inc				 100.00%		
GE Energy Products Inc				 100.00%		
GE Energy Europe BV				 100.00%		
GE Engine Services Inc		Netherlands		 100.00%		
GE Engine Services 
Distribution LLC				 100.00%		
GE Fanuc Automation 
Corporation				 50.00%		
GE Information Services Inc				 100.00%		
GE Hungary Co Ltd		Hungary		 100.00%		
GE Marquette Medical Systems				 100.00%		
GE Plastics Pacific Pte Ltd		Singapore		 100.00%		
GE Power Systems Licensing Inc				 100.00%		
GE Superabrasives Inc				 100.00%		
GE Yokogawa Medical Systems 
Ltd		Japan		 75.00%		
General Electric Capital 
Services inc				 100.00%		
General Electric Capital 
Corporation				 100.00%		
GE Global Insurance Holding 
Corporation				 100.00%		
National Broadcasting Company 
Inc				 100.00%		
Nuovo Pignone SpA		Italy		 100.00%		
Harmon Industries Inc				 100.00%		
OEC Medical Systems Inc				 100.00%		

Note: O = Owned C = Controlled. If neither is indicated then the company has not reported the owned and controlled proportions being different.
Note: A = Acquisition D = Disposal

 Company History

Incorporated 1892 in New York.
In February 2000, the Company merged with Mecon Inc on 16-Feb-2000 and to Lunar Corpn on 08-Aug-2000.
In December 1999, the Company acquired OEC-Medical Systems Inc on 02-Dec-1999 and Harmon Industries Inc on 31-Aug-2000.
In October 2000, the Company proposed to acquire Honeywell International Inc in tax-free merger valued  at US$45bn plus assumed debt.
Listed on the New York and Boston Stock Exchanges.

 Acquisitions

Year		Month		Consideration		Description	
1995		Oct		US$37.7m		Leasecontracts PLC	
1996		Jun				Mietfinanz GmbH	
1998		Nov				Marquette Medical Systems Inc	

 Disposals

Year		Month		Consideration		Description	
1994		Nov				Securities of Paine Webber Kidder, 	
						 Peabody Group Inc valued at 	
						 US$657m	

 Capital

31 Dec 2000	
Share		Authorised		Issued		Shares Issued	
Preferred shares of US$1		US$50m		-		0	
Common shares of US$0.06		US$792m		US$668.7127m		11.1452bn	

 Capital History

Year		Month		Issued		Description	
1987		Mar				Common Subdivision - 2:1 (US$1.25	
						 to US$0.63 par) (xc 03-03-87)	
1994		Apr				Common Subdivision - 2:1 (US$0.63	
						 to US$0.32 par) (xc 17-05-94)	
1997		May				Common subdivision - 2:1 (US$0.32	
						 to US$0.16 par) (xc 12-05-97)	
1999				950,000 Common		Issued	
2000				158,000 Common		Issued	
						Common Subdivision - 3:1 (US$0.16	
						to US$.06 par) (xc 08-05-00)	

 Shareholdings

DIRECTORS' INTERESTS in the Company at 09-Feb-2001: BENEFICIAL : 20,235,125 Common. OPTIONS : 13,297,999.
NUMBER OF SHAREHOLDERS at 31-Dec-2000: 616000

 Per Share Data

		Dec 31		Dec 31		Dec 31		Dec 31		Dec 31	
		1996		1997		1998		1999		2000	
EARNINGS (LOSS) as Reported by Company (US$)	
Basic		0.73		0.83		0.95		1.09		1.29	
Diluted		0.72		0.82		0.93		1.07		1.27	
											
Shares on which earnings calculated (m)	
Basic		a1,654		a3,275		a3,269		a3,278		a9,897	
Diluted		a1,654		a3,345		a3,330		a3,332		a10,057	
											
DIVIDEND (US$)		0.317		0.36		0.417		0.487		0.571	
											
DIVIDEND COVER		b2.316		b2.315		b2.272		b2.240		b2.259	
											
NET ASSET VALUE at B/s date (US$)	
Extel Adjusted		4.597		4.692		4.660		5.037		2.321	
											
Capital Issue Factor		0.500		-		-		3.000		-	
											
(a)Weighted average. (b)Basic earnings.	

 Borrowings

BONDS
4.65% INDUSTRIAL DEVELOPMENT/POLLUTION CONTROL DUE 2003-2027. Outstanding: US$334,000,000.
NOTES
5.59% SENIOR DUE 2001-2055. Outstanding: US$80,383,000,000.
7.88% SUBORDINATED DUE 2006-2035. Outstanding: US$996,000,000.

 Interims

Consolidated Profit and Loss Account - Unaudited	
			31 Mar 
2001			30 Jun 
2001											
			US$ m			US$ m											
Turnover			30,493			62,470											
Cost Of Sales			(11,793)			(24,502)											
Gross Profit			18,700			37,968											
Rep Operating Profit			0			-											
Depreciation/Amortn			0			-											
Interest Payable			(3,076)			(5,783)											
Minority Int Bef Tax			(102)			(203)											
Profit Before Tax			4,454			9,950											
Tax			(1,437)			(3,036)											
Profit After Tax			3,017			6,914											
A/C Policy Decreases			(444)			(444)											
Net Income			2,573			6,914											
Non Equity Dividends			-			0											
Equity Earnings			2,573			6,470											
Dividends			0			0											
Retained Profits			2,573			6,470											
																	
Consolidated Balance Sheets - Unaudited	
			31 Mar 
2001			30 Jun 
2001											
			US$ m			US$ m											
Tangible Fixed Assets			40,176			41,453											
Intang Fixed Assets			27,156			27,475											
Cash & Equivalents			8,177			8,000											
Trading Investments			91,855			94,351											
Current Assets			294,911			299,998											
Total Assets			437,985			445,347											
Share Capital			669			669											
Reserves			50,261			51,580											
Eqty S/Holders Funds			50,930			52,249											
Shareholders' Funds			50,930			52,249											
Minority Interests			4,914			4,882											
Deferred Taxation			8,617			8,177											
Debt			198,599			200,767											
Short Term Debt			118,360			122,129											
Long Term Debt			80,239			78,638											
Current Liabilities			156,447			163,179											
Total Liabilities			437,985			445,347											
Net Current Assets			138,464			136,819											
Assets Less Curr Liab			281,538			282,168											
Net Assets			55,844			57,131											

 Income Statement

Consolidated Profit and Loss Account	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
TURNOVER			78,541			88,540			99,820			110,832			128,051		
Cost of sales			(34,591)			(40,088)			(42,280)			(45,958)			(51,823)		
			---------			---------			---------			---------			---------		
GROSS 
PROFIT			43,950			48,452			57,540			64,874			76,228		
Provisions			(1,033)			(1,421)			(1,609)			(1,678)			(2,045)		
Other trading exps			(24,576)			(29,528)			(33,085)			(38,039)			(45,392)		
Other trading inc net			419			2,109			551			664			492		
			---------			---------			---------			---------			---------		
TRADING 
PROFIT			18,760			19,612			23,397			25,821			29,283		
Equity A/c profits			50			50			(32)			(1)			(111)		
Interest/inv income			169			141			130			135			55		
Interest payable			(7,904)			(8,384)			(9,753)			(10,013)			(11,720)		
Exceptional charges			-			-			-			-			1,366		
Minority int bef tax			(269)			(240)			(265)			(365)			(427)		
			---------			---------			---------			---------			---------		
PROFIT 
BEFORE TAX			10,806			11,179			13,477			15,577			18,446		
Tax			(3,526)			(2,976)			(4,181)			(4,860)			(5,711)		
			---------			---------			---------			---------			---------		
NET INCOME			7,280			8,203			9,296			10,717			12,735		
Common dividends			(3,138)			(3,535)			(4,081)			(4,786)			(5,647)		
			=========			=========			=========			=========			=========		
RETAINED 
PROFITS			4,142			4,668			5,215			5,931			7,088		
			=========			=========			=========			=========			=========		
																	
Notes To Consolidated Profit and Loss Account	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
PROVISIONS	
Misc provisions			(1,033)			(1,421)			(1,609)			(1,678)			-		
	
OTHER TRADING EXPS	
Misc other tdg exps			(24,576)			(29,528)			(33,085)			(38,039)			(45,392)		
	
OTHER TRADING INC NET	
Royalty income			391			341			301			67			65		
Misc other tdg inc			28			1,768			250			597			427		
			=========			=========			=========			=========			=========		
			419			2,109			551			664			492		
			=========			=========			=========			=========			=========		
	
INTEREST/INV INCOME	
Investment income			151			140			122			129			55		
Interest income			18			1			8			6			-		
			=========			=========			=========			=========			=========		
			169			141			130			135			55		
			=========			=========			=========			=========			=========		
	
INTEREST PAYABLE BY MATURITY	
Misc int by maturity			(7,904)			(8,384)			(9,753)			(10,013)			(11,720)		
	
EXCEPTIONAL CHARGES	
Misc exceptional exps			-			-			-			-			1,366		
	
TAX BY COUNTRY	
Domestic current tax			-			-			-			-			(3,314)		
Domestic deferred tax			-			-			-			-			(1,095)		
			---------			---------			---------			---------			---------		
Domestic tax			-			-			-			-			(4,409)		
Overseas tax			-			-			-			-			(1,302)		
			=========			=========			=========			=========			=========		
			(3,526)			(2,976)			(4,181)			(4,860)			(5,711)		
			=========			=========			=========			=========			=========		
	
TAX BY TYPE	
Current taxation			(2,399)			(2,700)			(3,042)			(3,361)			(4,560)		
Deferred taxation			(1,127)			(276)			(1,139)			(1,499)			(1,151)		
			=========			=========			=========			=========			=========		
			(3,526)			(2,976)			(4,181)			(4,860)			(5,711)		
			=========			=========			=========			=========			=========		

			---------			---------			---------			---------			---------		
No of staff at y/e			239,000			276,000			293,000			340,000			313,000		
	
PROFIT BEFORE TAX is after (charging) crediting	
FA rentals etc			(1,059)			(1,270)			(1,457)			(1,674)			(1,824)		
Depreciation			-			-			-			-			(5,039)		
Misc intang amortn			-			-			-			-			(2,697)		
Depreciation/Amortn			(3,785)			(4,082)			(4,377)			(4,908)			(7,736)		
Research & dev			(1,886)			(1,891)			(1,930)			(2,017)			(2,193)		
	
EXCPL CHARGES-TDG	
Misc excpl chgs-tdg			-			-			-			-			(815)		

 Geographical Analysis

Geographical Analysis - Turnover by source	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
Europe			15,964			18,166			21,665			22,919			24,144		
USA			58,110			66,330			71,799			78,970			90,981		
Pacific Basin			4,343			4,742			5,166			7,879			12,921		
Other			5,140			6,420	b		6,925	b		7,365	b		8,754	a	
Interco Eliminations			(5,016)			(7,118)			(5,735)			(6,301)			(7,383)		
			=========			=========			=========			=========			=========		
			78,541			88,540			99,820			110,832			129,417		
			=========			=========			=========			=========			=========		
																	
Geographical Analysis - Profit before tax by source	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
Europe			1,724			2,271			2,393			1,884			2,062		
USA			9,745			10,249			11,287			13,293			15,455		
Pacific Basin			269			355			431			1,089			1,754		
Other			576	b		713	b		810	b		953	b		1,406	a	
Interco Eliminations			6,396			5,975			8,309			8,371			9,489		
Net interest exp			(7,904)			(8,384)			(9,753)			(10,013)			(11,720)		
			=========			=========			=========			=========			=========		
			10,806			11,179			13,477			15,577			18,446		
			=========			=========			=========			=========			=========		
	
Geographical Analysis - Net assets	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
Europe			55,196			66,740			84,518			83,358			-		
USA			189,593			206,655			227,311			264,129			-		
Pacific Basin			8,125			8,881			18,427			28,214			-		
Other			19,655	b		21,926	b		25,878	b		29,687	b		-		
Liabilities & elim'n			(238,437)			(266,082)			(312,979)			(357,617)			-		
			=========			=========			=========			=========			=========		
			34,132			38,120			43,155			47,771			-		
			=========			=========			=========			=========			=========		
			
a) Includes the Americas and other operations	
b) Includes Americas and other operations	

 Business Analysis

Business Analysis - Turnover	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
Aircraft Engines			6,302			7,799			10,294			10,558			10,779		
Appliances			5,586			5,801			5,619			5,671			5,887		
Broadcasting			5,232			5,153			5,269			5,790			6,797		
Ind'l Prod & Service			10,401			10,984			11,222			11,555			11,848		
Materials			6,509			6,695			6,633			6,941			7,776		
Power Generation			7,643			7,915			8,466			10,046			14,861		
Tech'l Prod & Service			4,700			4,861			5,323			6,863			7,915		
Financing & Insurance			35,530			43,187			52,490			60,192			70,003		
Other, Corp & elim'n			(3,362)			(3,855)			(5,496)			(6,784)			(7,815)		
TURNOVER			78,541			88,540			99,820			110,832			128,051		
			=========			=========			=========			=========			=========		
			78,541			88,540			99,820			110,832			128,051		
			=========			=========			=========			=========			=========		
																	
Business Analysis - Profit before tax	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
Aircraft Engines			1,214			1,366			1,769			2,105			2,464		
Appliances			748			771			755			655			684		
Ind'l Prod & Systems			1,587			1,789			1,880			2,095			2,187		
NBC			1,020			1,216			1,349			1,576			1,797		
Plastics			1,443			1,500			1,584			1,651			1,923		
Power Systems			1,124			1,203			1,306			1,693			2,809		
Tech'l Prod & Service			855			988			1,109			1,359			1,718		
Financing & Insurance			2,817			3,256			3,796			4,443			5,192		
Corporate & elim			7,902			7,374			8,318			8,360			9,480		
Net interest expense			(7,904)			(8,284)			(9,753)			(10,013)			(11,720)		
PROFIT 
BEFORE TAX			10,806			11,179			12,113			13,924			16,534		
			=========			=========			=========			=========			=========		
			10,806			11,179			12,113			13,924			16,534		
			=========			=========			=========			=========			=========		
	
Business Analysis - Net assets	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
Aircraft Engines			5,423			8,895			8,866			8,890			-		
Appliances			2,399			2,354			2,436			2,463			-		
Broadcasting			3,007			3,050			3,264			5,243			-		
Ind'l Prod & Service			6,574			6,672			6,466			6,740			-		
Materials			9,130			8,890			9,813			9,261			-		
Power Generation			6,322			6,182			7,253			9,814			-		
Tech'l Prod & Service			2,245			2,438			3,858			5,048			-		
Financing & Insurance			227,419			255,408			303,297			345,018			-		
Intra-group			14,276			17,239			19,727			20,321			-		
Other, Corp & elim'n			(4,393)			(7,116)			(9,045)			(7,598)			-		
Liabilities			(238,270)			(265,892)			(312,780)			(357,429)			-		
NET ASSETS			34,132			38,120			43,155			47,771			-		
			=========			=========			=========			=========			=========		
			34,132			38,120			43,155			47,771			-		
			=========			=========			=========			=========			=========		
	
Business Analysis - Total Assets	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
Aircraft engines			-			-			-			-			9,816		
Appliances			-			-			-			-			2,775		
Broadcasting			-			-			-			-			4,965		
Ind'l prod & service			-			-			-			-			7,869		
Materials			-			-			-			-			9,561		
Power generation			-			-			-			-			11,618		
Tech'l prod & service			-			-			-			-			6,016		
Financing & insurance			-			-			-			-			23,022		
Intra-group			-			-			-			-			370,636		
other, corp & elim'n			-			-			-			-			(9,272)		
TOTAL 
ASSETS			-			-			-			-			437,006		

 Balance Sheet

Consolidated Balance Sheets	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
FIXED ASSETS	
Intangible assets			16,007			19,121			23,635			26,010			44,633		
Tangible assets			28,795			34,642			38,861			45,419			46,511		
Financial assets			15,590			16,366			22,499			24,571			25,088		
			=========			=========			=========			=========			=========		
			60,392			70,129			84,995			96,000			116,232		
			=========			=========			=========			=========			=========		
MISC ASSETS			19,245			21,128			27,278			36,013			25,111		

	
CURRENT ASSETS	
Stocks			4,849			5,895			6,049			7,007			7,812		
Trade debtors			8,704			8,924			8,224			8,531			9,502		
Misc debtors			115,132			121,454			146,355			167,337			178,815		
Cash & equivalents			4,191			5,861			4,317			8,554			8,195		
Trading investments			59,889			70,621			78,717			81,758			91,339		
			=========			=========			=========			=========			=========		
			192,765			212,755			243,662			273,187			295,663		
			=========			=========			=========			=========			=========		
	
CREDS due within 1 yr	
Short term debt			80,200			98,075			115,378			130,346			119,180		
Trade creditors			10,205			10,407			12,502			13,676			14,853		
Accruals & defd inc			2,161			-			1,487			1,648			12,219		
Payments on account			-			2,316			2,765			4,618			8,271		
Taxation			-			-			3,415			3,940			-		
Dividends			855			979			1,146			1,347			1,589		
Misc creditors			7,086			8,891			4,886			5,641			-		
			---------			---------			---------			---------			---------		
			100,507			120,668			141,579			161,216			156,112		
			=========			=========			=========			=========			=========		
NET CURRENT 
ASSETS			92,258			92,087			102,083			111,971			139,551		
			=========			=========			=========			=========			=========		
TOTAL 
ASSETS LESS 
CURRENT 
LIABILITIES			171,895			183,344			214,356			243,984			280,894		
			---------			---------			---------			---------			---------		
	
CREDS due after 1 yr	
Long term debt			49,246			46,603			59,663			71,427			82,132		
L/T accrls & defd inc			-			-			5,715			6,060			6,039		
Misc other L/T liabs			80,244			89,970			96,483			109,488			122,337		
			---------			---------			---------			---------			---------		
			129,490			136,573			161,861			186,975			210,508		
PROVISIONS			8,273			8,651			9,340			9,238			14,958		

			=========			=========			=========			=========			=========		
NET ASSETS			34,132			38,120			43,155			47,771			55,428		
			=========			=========			=========			=========			=========		
SHARE 
CAPITAL			527			522			523			525			596		
Share premium			2,498			4,434			6,808			10,790			15,195		
Own share premium			(11,241)			(15,196)			(18,668)			(22,498)			(24,371)		
Inv appreciation res			671			2,138			2,402			626			74		
Retained earnings			38,670			43,338			48,553			54,484			61,572		
Currency apprecn res			-			(798)			(738)			(1,370)			(2,574)		
			---------			---------			---------			---------			---------		
SHAREHOLDER 
S' FUNDS			31,125			34,438			38,880			42,557			50,492		
Minority interests			3,007			3,682			4,275			5,214			4,936		
			=========			=========			=========			=========			=========		
NET ASSETS			34,132			38,120			43,155			47,771			55,428		
			=========			=========			=========			=========			=========		
	
Notes To Consolidated Balance Sheets	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
INTANGIBLE ASSETS	
			=========			=========			=========			=========			=========		
Goodwill, net			12,523			16,136			20,672			23,106			23,512		
			=========			=========			=========			=========			=========		
Deferred costs, gross			-			-			-			-			17,192		
			=========			=========			=========			=========			=========		
Deferred costs, net			-			-			-			-			17,192		
			=========			=========			=========			=========			=========		
			=========			=========			=========			=========			=========		
Misc intang FA, net			3,484			2,985			2,963			2,904			3,929		
			=========			=========			=========			=========			=========		
			=========			=========			=========			=========			=========		
			16,007			19,121			23,635			26,010			44,633		
			=========			=========			=========			=========			=========		
	
TANGIBLE ASSETS	
Investment properties			-			2,326			3,131			4,397			6,496		
Property - cost			9,866			10,821			11,890			14,363			13,279		
Oth tangible FA-cost			40,918			44,836			49,210			53,996			54,711		
Total depreciation			(21,989)			(23,341)			(25,370)			(27,337)			(27,975)		
			=========			=========			=========			=========			=========		
Tangible assets			28,795			34,642			38,861			45,419			46,511		
			=========			=========			=========			=========			=========		
Leasing assets			16,134			18,689			20,941			23,605			-		
	
FINANCIAL ASSETS	
Invs in assoc cos			6,442			6,387			10,006			13,976			15,455		
Other trade invs			9,148			3,187			3,947			5,165			6,252		
			=========			=========			=========			=========			=========		
Trade investments			15,590			9,574			13,953			19,141			21,707		
			=========			=========			=========			=========			=========		
Long term receivables			-			2,389			2,379			2,024			1,987		
Misc financial assets			-			4,403			6,167			3,406			1,394		
			=========			=========			=========			=========			=========		
			15,590			16,366			22,499			24,571			25,088		
			=========			=========			=========			=========			=========		
	
STOCKS	
Raw materials etc			3,028			3,070			3,154			3,438			-		
Finished gds & resale			2,780			3,681			3,711			4,263			4,523		
Misc stocks			(959)			(856)			(816)			(694)			3,289		
			=========			=========			=========			=========			=========		
			4,849			5,895			6,049			7,007			7,812		
			=========			=========			=========			=========			=========		
LIFO adjustment			-			-			-			-			(845)		
	
TRADING INVESTMENTS BY TYPE	
Tdg govt securities			38,155			43,342			50,628			49,780			-		
Tdg debt securities			16,977			20,366			20,956			22,499			-		
Tdg equity securities			4,757			6,913			7,133			9,479			-		
			=========			=========			=========			=========			=========		
			59,889			70,621			78,717			81,758			91,339		
			=========			=========			=========			=========			=========		
	
DEBT BY TYPE	
Subordinated loans			996			996			996			996			996		
Loan capital			47,424			45,263			58,369			70,098			80,717		
Bank loans			312			195			230			156			255		
Bank lns & overdrafts			204			348			465			629			527		
Bills & notes			55,086			73,069			89,336			97,528			94,662		
Misc debt			25,424			24,807			25,645			32,366			24,155		
			=========			=========			=========			=========			=========		
			129,446			144,678			175,041			201,773			201,312		
			=========			=========			=========			=========			=========		
	
DEBT BY MATURITY	
Short term loans			63,178			81,875			100,683			107,321			99,826		
Current maturities			17,022			16,200			14,695			23,025			19,354		
			---------			---------			---------			---------			---------		
SHORT TERM 
DEBT			80,200			98,075			115,378			130,346			119,180		
Due within 1 to 2 yrs			15,457			9,898			14,026			16,021			19,354		
Due within 2 to 5 yrs			17,347			17,670			22,991			47,041			55,074		
Due after 5 years			16,442			19,035			22,646			8,365			7,704		
			=========			=========			=========			=========			=========		
			129,446			144,678			175,041			201,773			201,312		
			=========			=========			=========			=========			=========		
	
DEBT BY SECURITY	
Secured			-			996			996			996			996		
Misc debt by backing			-			143,682			174,045			200,777			200,316		
			=========			=========			=========			=========			=========		
			129,446			144,678			175,041			201,773			201,312		
			=========			=========			=========			=========			=========		
	
PROVISIONS	
Deferred taxation			8,273			8,651			9,340			9,238			8,690		
Pension provisions			-			-			-			-			6,268		
			=========			=========			=========			=========			=========		
			8,273			8,651			9,340			9,238			14,958		
			=========			=========			=========			=========			=========		
	
SHARE CAPITAL	
Common shares			594			594			594			594			669		
Own equity shares			(67)			(72)			(71)			(69)			(73)		
			=========			=========			=========			=========			=========		
			527			522			523			525			596		
			=========			=========			=========			=========			=========		
	
COMMITMENTS AND CONTINGENCIES	
Optg leases - other			-			-			4,459			4,582			4,676		

 Cashflow

Consolidated Statement of Cash Flows	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
OPERATIONS			17,851			14,240			19,360			24,593			22,690		
			---------			---------			---------			---------			---------		
																	
INVESTING ACTIVITIES	
Subsidiaries acqd			(5,516)			(5,245)			(18,610)			(11,654)			(2,332)		
Tangibles acquired			(7,760)			(8,388)			(8,982)			(15,502)			(13,967)		
Tangibles sold			1,363			2,251			4,043			6,262			6,767		
Misc investing inflow			(8,299)			(6,893)			(16,584)			(21,285)			(28,167)		
			=========			=========			=========			=========			=========		
			(20,212)			(18,275)			(40,133)			(42,179)			(37,699)		
			=========			=========			=========			=========			=========		
	
FINANCING	
S/T debt raised			11,827			13,684			16,881			6,171			-		
Long term debt raised			23,153			21,249			42,008			48,158			47,645		
Share capital issued			-			-			-			-			469		
S/T loans repaid			-			-			-			-			(8,243)		
Long term debt repaid			(25,906)			(23,787)			(32,814)			(27,539)			(32,762)		
Share capital acqd			(2,323)			(2,815)			(2,819)			(1,002)			-		
Dividends paid common			(3,050)			(3,411)			(3,913)			(4,587)			(5,401)		
Misc financing inflow			28			785			(114)			622			12,942		
			=========			=========			=========			=========			=========		
			3,729			5,705			19,229			21,823			14,650		
			=========			=========			=========			=========			=========		
			=========			=========			=========			=========			=========		
B/S CASH & 
EQVT INCR			1,368			1,670			(1,544)			4,237			(359)		
			=========			=========			=========			=========			=========		
	
Notes To Consolidated Statement of Cash Flows	
			31 Dec 
1996			31 Dec 
1997			31 Dec 
1998			31 Dec 
1999			31 Dec 
2000		
			US$ m			US$ m			US$ m			US$ m			US$ m		
OPERATIONS	
Net income			7,280			8,203			9,296			10,717			12,735		
Depn & amortn incr			3,785			5,269			5,860			6,691			7,736		
Provision increases			1,033			1,421			1,609			1,678			2,045		
Other tdg adj incr			1,145			284			1,143			1,502			1,153		
Decrease in stocks			(134)			(386)			150			266			(924)		
Decrease in debtors			118			250			649			143			(537)		
Increase in creditors			641			200			1,576			820			3,297		
Other wkg cap decr			1,491			1,669			3,670			4,584			(1,009)		
Misc tdg inflows			2,492			(2,670)			(4,593)			(1,808)			(1,806)		
			=========			=========			=========			=========			=========		
			17,851			14,240			19,360			24,593			22,690		
			=========			=========			=========			=========			=========		

 Financial Calendar

Date		Event	
25 Apr 2001		Annual General Meeting	

Source: Thomson Financial Extel 2001
 General Electric Co, USA CO : Extel News Report 

 
 22 Jun 2001
 Dividend
Regular quarterly dividend of US$0.16 per share was declared, payable 25-Jul-2001 to holders registered on 09-Jul-2001 (xd 05-Jul-2001).
 15 Dec 2000
 Dividend
Quarterly dividend of US$0.16 per share was declared.
Payable 25-Jan-2001 to holders registered on 29-Dec-2000 (xd 27-Dec-2000).
 27 Nov 2000
 Chairmanship
Jeffrey R Immelt was appointed as Chairman-Elect and president effective immediately.
Jeffrey Immelt will succeed John F Welch, Company's Chairman and CEO, when he retires at the end of 2001.
Moreover, Jeffrey Immelt was elected to the Company Board of Directors and will serve as a member of the Corporate Executive Office, along with John Welch and vice-chairmen Dennis D Dammerman and Robert C Wright.
 23 Oct 2000
 Merger
Company agreed to acquire Honeywell International Inc in tax-free merger valued at US$45bn plus assumed debt.
TERMS OF MERGER (INCLUDING CONDITIONS): As part of the definitive agreement, Honeywell International Inc ("Honeywell") shareowners will receive 1.055 of Company stock in exchange for one share of Honeywell. Along with other customary deal protections, the Company will receive an option for 19.9% of Honeywell's outstanding stock.
The Boards of Directors of both companies have approved the merger
agreement, which is subject to regulatory approval and the approval of
Honeywell shareowners. Completion is expected to occur in early 2001.
DETAILS OF PARTNER COMPANY: Honeywell is a US$25bn diversified technology and manufacturing leader, serving customers worldwide with avionics products and services control technologies for buildings, homes and industry automotive products power generation systems specialty chemicals fibres plastics and electronic and advanced materials.
 11 Oct 2000
 Quarterly Results
Quarterly results for 9 months to 30-Sep-2000 were released.
PROFIT  LOSS (US$ m): Revenues 94,872 (78,775) net profit 9,150 (7,628).
PER SHARE RECORD (US$): EPS 0.93 (0.78).
 03 Oct 2000
 Offer
Company acquired about 98% of outstanding Ord shares and ADS of Smallworldwide plc, pursuant to tender offer.
The offer expired on 02-Oct-2000.
Holders of Smallworld plc ADS and Ord shares which remain outstanding may tender their shares during a subsequent offer period, which commenced on 03-Oct-2000 and will expire at 09:30, New York City time and 14:30, London time, on 31-Oct-2000.
 22 Sep 2000
 Offer
Company extended offer period of its offer to acquire all of Ord shares and ADS of Smallworldwide plc to 9:30, New York City on 02-Oct-200.
The cash tender offer by the Company is being made by its wholly-owned subsidiary, GE Power Systems Equities Inc.
The extension is required because all of the conditions to the offer have not been satisfied or waived, including, among other things, obtaining certain regulatory approvals. The Company expects to obtain the regulatory approvals on or prior to the new expiration date.
The offer was previously scheduled to expire at 10:00, New York City time on 22-Sep-2000.
 Dividend
Regular quarterly dividend of US$0.1366 per share was declared, payable 25-Oct-2000, to holders of record on 03-Oct-2000 (xd 29-Sep-2000).
 01 Sep 2000
 Acquisition
Company completed acquisition of Harmon Industries Inc on 31-Aug-2000. Harmon Industries Inc ("Harmon") became a wholly-owned subsidiary of the Company.
Pursuant to the offer, the Company acquired over 90% of Harmon shares. Each remaining Harmon share was converted into the right to receive 0.527 Company
shares in the merger.
 29 Aug 2000
 Acquisition
Company announced expiration of exchange offer for all outstanding shares of Harmon Industries Inc on 28-Aug-2000.
All shares validly tendered and not properly withdrawn prior to the expiration have been accepted for exchange and will be exchanged promptly for Company shares. About 11,271,462 shares were tendered in the offer prior to its expiration, which constitutes about 93.24% of the total number of outstanding Common stock of Harmon Industries Inc on a fully-diluted basis.
 24 Aug 2000
 Acquisition
Company announced share exchange ratio relating to its offer to acquire Common stock of Harmon Industries Inc.
Assuming that the offer expires as currently scheduled on 28-Aug-2000,
Harmon Industries Inc's ("Harmon") stockholders will receive 0.527 of a Company Common stock for each Harmon Common stock tendered. The exchange ratio was calculated by dividing US$30 by US$56.875, the average of the daily volume weighted sales prices per share of Company Common stock on The New York Stock Exchange for each of the 10 consecutive trading days ending 24-Aug-2000.
The waiting period under the Hart-Scott-Rodino Act is scheduled to expire on 26-Aug-2000. If the offer is extended beyond 28-Aug-2000, the exchange
ratio will be reset.
 22 Aug 2000
 Acquisition
Securities and Exchange Commission has declared effective registration statement relating to shares to be issued by Company in its offer.
The offer to acquire shares of Harmon Industries Inc will be made through the Company's subsidiary Four Points Acquisition Corpn.
 Activities
Company executed letter of intent with FreightWise Inc.
Under the agreement, the Company will become a strategic investor in the transportation exchange. The 2 companies will formalise the relationship by the end of September 2000.
Details of the proposed agreement were not disclosed.
 21 Aug 2000
 Acquisition
Company extended its offer to acquire all outstanding Common stock of Harmon Industries Inc until 00:00, New York City time, on 28-Aug-2000.
The extension is required because all of the conditions to the offer have not been satisfied or waived, including among other things, expiration of the Hart-Scott-Rodino waiting period which is due to expire on 26-Aug-2000.  The extension relates to shares to be issued by the Company in its offer, through its wholly-owned subsidiary Four Points Acquisition Corpn ("Four Points"), to acquire all of the outstanding Common stock of Harmon Industries Inc ("Harmon") and the subsequent merger of Four Points into Harmon. Upon completion of the transaction, Harmon will become part of GE Harris Railway Electronics, a joint venture between GE Transportation  Systems and Harris Corpn.
Based on the latest count of tendered shares, about 10,205,303 Harmon Common stock have been tendered and not withdrawn pursuant to the tender offer.
 17 Aug 2000
 Acquisition
Company announced share exchange ratio in connection with offer to acquire Common stock of Harmon Industries Inc.
Harmon Industries Inc's ("Harmon") stockholders will receive 0.542 of Company Common stock for each Common stock of Harmon tendered pursuant to the offer. The exchange ratio was calculated by dividing US$30 by US$55.349, which is the average of the daily volume weighted sales prices per share of Company Common stock on the New York Stock Exchange for each of the 10 consecutive trading days ending 17-Aug-2000.
The offer is scheduled to expire on 21-Aug-2000 while the waiting period under the Hart-Scott-Rodino Act is scheduled to expire on 26-Aug-2000. If the waiting period is not terminated early, the Company will extend the
offer. If the offer is extended beyond 21-Aug-2000, the exchange
ratio will be reset.
Upon completion of the transaction, Harmon will become part of GE Harris
Railway Electronics, a joint venture between GE Transportation Systems and Harris Corpn.
 17 Jul 2000
 Acquisition
Company reached definitive agreement to acquire 100% stock of Harmon Industries Inc for US$30 per share, payable in Company stock.
The exchange of stock is expected to be tax-free to Harmon Industries Inc ("Harmon") shareholders. The total value of the transaction, including assumption of debt is about US$425m.
Upon completion of the transaction, Harmon will become part of GE Harris Railway Electronics, a joint venture between GE Transportation Systems and Harris Corpn.
The transaction is expected to be completed during the third quarter of 2000, subject to regulatory and shareholders' approvals and customary conditions.
ACTIVITY OF COMPANY BEING ACQUIRED: Harmon is a leading supplier of signal, inspection, train control and communications products, systems and services to freight and transit railroads.
 13 Jul 2000
 Interim Results
Consolidated interim results for 6 months to 30-Jun-2000 were released.
PROFIT  LOSS (US$ m): Revenues 62,858 (51,575) earnings 5,970 (4,975) net profit 2,487 (2,124).
PER SHARE RECORD (US$): EPS 0.60 (0.51).
 23 Jun 2000
 Dividend
Quarterly dividend of US$0.1366 per share was authorised by Board.
Payable 25-Jul-2000 to holders registered on 07-Jul-2000 (xd 05-Jul-2000).
 07 Jun 2000
 Acquisition
Company announced agreement to acquire Lunar Corpn.
CONSIDERATION DETAILS: Company will merge its wholly-owned subsidiary, Topaz Merger Corpn with and into Lunar Corpn with the merged firm becoming Company's wholly-owned subsidiary.
The Company will pay US$17 value in Company share for every Lunar share held.
The transaction is subject to shareholders' and government approvals, and is expected to close by the third quarter of 2000.
 26 Apr 2000
 Stock Split
Shareholders approved 3-for-one stock split of Company's Common stock.
 Capital Changes
Shareholders approved increase in Company's authorised Common stock from 4.4bn to 13.2bn.
 13 Apr 2000
 Quarterly Results
Quarterly results for 3 months to 31-Mar-2000 were released.
PROFIT  LOSS (US$ m): Revenues 29,996 (24,165).
PER SHARE RECORD (US$): EPS 0.79 (0.66).
 03 Apr 2000
 President
Lorrie Norrington was appointed as vice-president.
Source: Thomson Financial Extel 2001