Notes

(FORTUNE Magazine) – EXPLANATIONS AND FOOTNOTES

REVENUES AND PROFITS

All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives that produce a 10-K are included. Figures are as reported, and comparisons are with the prior year's figures as originally reported for that year. FORTUNE does not restate the prior year's figures for changes in accounting.

Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations but exclude excise taxes. For banks, revenue is the sum of gross interest income and gross noninterest income. For insurance companies, revenue includes premium and annuity income, investment income, realized capital gains or losses, and other income, but excludes deposits.

Profits are shown after taxes, after extraordinary credits or charges if any appear on the income statement, and after cumulative effects of accounting changes. Figures in parentheses indicate a loss. Profit declines of more than 100% reflect swings from 2004 profits to 2005 losses. Profits for partnerships and cooperatives are reported but are not comparable with those of the other companies on the list because they are not taxed on a comparable basis. Profits for mutual insurance companies are based on statutory accounting.

Data shown are for the fiscal year ended on or before March 31, 2006. Revenue and profit figures for non-U.S. companies have been converted to U.S. dollars at the average exchange rate during each company's fiscal year (ended Dec. 31, 2005, unless otherwise noted).

ASSETS AND EQUITY

Assets shown are those at the company's fiscal year-end. Stockholders' equity is the sum of capital stock, paid-in capital, and retained earnings on the same date. Minority interest is not included.

Figures for non-U.S. companies have been converted to U.S. dollars at the exchange rate at each company's fiscal year-end.

EMPLOYEES

The figure shown is either a fiscal year-end or yearly average number, as published by the company.

INDUSTRY TABLES

Companies are included in the industry that represents the greatest volume of their revenues. Industry groups are based on categories established by the U.S. Office of Management and Budget.

MEDIANS

No attempt has been made to calculate medians in groups with fewer than four companies. The medians for profit changes from 2004 do not include companies that lost money in both 2004 and 2005; no meaningful percentage changes can be calculated in such cases.

CREDITS

This year's FORTUNE Global 500 was prepared under the direction of senior list editor L. Michael Cacace and senior reporter Richard K. Tucksmith. Reporter Cindy Kano (Tokyo) reviewed and verified figures for Japanese companies. Editorial assistant Zhang Dan (Beijing) provided figures for Chinese companies. Staff in Britain, France, Germany, India, and South Korea gathered data in those countries. Reporter Douglas Elam helped compile and verify the data. FORTUNE's Business Information Research Center provided supporting documentation, and database administrator Larry Shine supplied the technical support. Data provided by Thomson One Banker aided the process.

FOOTNOTES • Not on last year's list.

Figures prepared in accordance with International Accounting Standards.

Reflects charge for cumulative effect of change in accounting of at least 10%.

Figures prepared in accordance with U.S. Generally Accepted Accounting Principles.

Includes revenues from discontinued operations of at least 10%.

A cooperative.

Excise taxes have been deducted.

Government owned 50% or more.

A partnership.

1-9

Figures are for fiscal year ended Jan. 31, 2006.

Formerly known as Royal Dutch/Shell Group. On July 20, 2005, Royal Dutch Petroleum and Shell Transport & Trading Co. merged to form one parent company.

Figures are for fiscal year ended March 31, 2006.

Figures are for fiscal year ended Sept. 30, 2005.

Figures are for fiscal year ended Oct. 31, 2005.

Acquired MCI (2004 rank: 247), Jan. 6, 2006.

Figures are for fiscal year ended June 30, 2005.

Figures are for fiscal year ended Feb. 28, 2006.

Includes figures of LG Electronics (2004 rank: 115).

10-19

Figures are for fiscal year ended Aug. 31, 2005.

Figures are for fiscal year ended Nov. 30, 2005.

Changed name from SBC Communications after acquiring AT&T Corp. (2004 rank: 162), Nov. 18, 2005.

Company is incorporated in Bermuda. Executive offices are in the U.S.

Acquired by Supervalu (2005 rank: 324), CVS (2005 rank: 151), and Cerberus Capital Management, June 2, 2006.

Changed name from Mitsubishi Tokyo Financial Group after acquiring UFJ Holdings (2004 rank: 264), Oct. 1, 2005.

CVS, Supervalu (2005 rank: 324), and Cerberus Capital Management acquired Albertson's (2005 rank: 139), June 2, 2006.

Formed by the merger of Seven-Eleven Japan, Ito-Yokado (2004 rank: 145), and Denny's Japan, Sept. 1, 2005.

Changed name from Sprint after acquiring Nextel Communications (2004 rank: 463), Aug. 12, 2005.

Changed fiscal year-end from Nov. 15 in 2004. Data for fiscal year ended Dec. 31, 2004, were not available.

20-29

Figures are for fiscal year ended May 31, 2005.

Figures prepared in accordance with Russian Accounting Standards.

Figures are for fiscal year ended July 31, 2005.

Figures are for four quarters ended Sept. 30, 2005.

Changed name from Vivendi Universal, April 20, 2006.

Changed name from Hilton Group, Feb. 23, 2006.

Acquired May Department Stores (2004 rank: 428), Aug. 29, 2005.

Changed name from Amerada Hess, May 9, 2006.

Company was formed when KBC Bank & Insurance acquired its parent company, Almanij (2004 rank: 218), March 2, 2005.

Acquired HVB Group (2004 rank: 195), Nov. 22, 2005.

30-38

Changed name from Shanghai Baosteel Group, Oct. 17, 2005.

Changed name from Mitsubishi Chemical, Oct. 1, 2005.

Figures do not include Eurohypo (2004 rank: 441), acquired March 31, 2006.

Supervalu, CVS (2005 rank: 151), and Cerberus Capital Management acquired Albertson's (2005 rank: 139), June 2, 2006.

Split off from Gasunie (2004 rank: 404), July 1, 2005.

Changed name from Mediceo Holdings, Oct. 1, 2005.

Changed name from National Grid Transco, July 25, 2005.

Changed name from Viacom, Dec. 29, 2005.

Company is incorporated in Netherlands Antilles. Executive offices are in the U.S.