Business Performance (000s) US Parent Brazilian German Chinese HQ Subsidiary Subsidiary Subsidiary (USS) (reais, RS) (euros, E) (yuan, Y) Average exchange rate for the period (Units of 1.8000 0.7018 7.7500 foreign currency per S) 1.0000 Total shares outstanding (000s) 650 Earnings before taxes (EBT in local currency) 4,500.00 6,250.00 4,500.00 2,500.00 Corporate Tax Rate 35% 25% 40% 30% Less corporate income taxes Net profits of individual subsidiary = EBT - T Net profits of individual subsidiary (USS)