Bunge 2007 Annual Report [HOME] [FINANCIAL HIGHLIGHTS] [LETTER TO SHAREHOLDERS] [FORM 10K] [SHAREHOLDER INFO]
FINANCIAL HIGHLIGHTS


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(A)   Total segment operating profit is the consolidated segment operating profit of Bunge's segments. Total segment operating profit is a non-GAAP measure and is not intended to replace income from operations before income tax, the most directly comparable GAAP measure. The information required by Regulation G under the Securities Exchange Act of 1934, including a reconciliation to income from operations before income tax, is included in the table below.
(B) 2003 excludes an after tax gain on the sale of the Brazilian soy ingredients business of $111 million, or $1.02 per fully diluted share.
(C) The calculation of return on common shareholders' equity is based upon net income available to common shareholders and shareholders' equity attributable to common shareholders. It excludes losses in 2003 of $7 million from discontinued operations, and in 2003 also excludes the $111 million gain on the sale of the Brazilian soy ingredients business.
(D) Includes the weighted average common shares issuable upon conversion of Bunge's $250 million 3.75% convertible notes due 2022 for 2005, 2004, 2003 and 2002. The convertible notes were redeemed in November 2005.

Includes 8,536,729 weighted average common shares, which would be issuable upon conversion of Bunge's convertible preference shares for the year ended December 31, 2007.

A reconciliation of income from continuing operations before income tax, minority interest and equity in earnings of affiliates, which is the U.S. GAAP financial measure most directly comparable to total consolidated segment operating profit, follows:

YEAR ENDED DECEMBER 31,

(US$ in millions)		 2003 2004 2005 2006 2007

Income from continuing operations before income tax,
minority interest and equity in earnings of affiliates		      $ 707      $ 891      $ 488      $ 522      $ 1,201

Unallocated (income) expense-net(1)		 22 (41 ) (32 ) (79 ) (39 )

Gain on sale of ingredients business		 (111 ) - - - -

Total segment operating profit		 $ 618 $ 850 $ 456 $ 443 $ 1,162

(1) Unallocated (income) expense-net included interest income, interest expense, foreign exchange gains and losses and other income and expense not directly attributable to Bunge's operating segments.

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