Unconsolidated Affiliated Companies

12 Months Ended

Oct. 31, 2011

Unconsolidated Affiliated Companies

Unconsolidated Affiliated Companies

Note 24.  Unconsolidated Affiliated Companies

The Capital Corporation’s unconsolidated affiliated companies are those in which it generally maintains 20 to 50 percent ownership. The Capital Corporation does not control these companies and accounts for its investments in them on the equity basis. The Company’s share of the income or loss of these companies is reported in the consolidated income statement under “Equity in income of unconsolidated affiliates.” The investment in these companies is recorded in the consolidated balance sheet under “Investments in unconsolidated affiliates.”

Summarized financial information of the unconsolidated affiliated companies is as follows (in millions of dollars):

	Year Ended October 31,
	2011		2010		2009
Operations:
Finance income	$	9.9	$	9.5	$	8.7
Net income	2.3		1.7		1.0
The Company’s equity in net income	1.2		.9		.5

	October 31,
	2011		2010
Financial Position:
Total assets	$	115.6	$	103.1
Total external borrowings	95.8		86.2
Total net assets	16.3		13.9
The Company’s share of net assets	8.1		7.0