Exhibit
99
General
Electric Capital Corporation and consolidated affiliates
Financial
Measures That Supplement Generally Accepted Accounting Principles
We
sometimes use information derived from consolidated financial information but
not presented in our financial statements prepared in accordance with U.S.
generally accepted accounting principles (GAAP). Certain of these data are
considered “non-GAAP financial measures” under the U.S. Securities and Exchange
Commission rules. Specifically, we have referred to delinquency rates on certain
financing receivables of the GE Commercial Finance and GE Money segments. The
reasons we use this non-GAAP financial measure and its reconciliation to the
most directly comparable GAAP financial measures follow.
Delinquency Rates on Certain
Financing Receivables
GE
Commercial Finance
|
At
|
||||||||||||
|
3/31/08(a)
|
12/31/07
|
3/31/07
|
||||||||||
|
Managed
|
1.36
|
%
|
1.21
|
%
|
1.26
|
%
|
||||||
|
Off-book
|
0.77
|
0.71
|
0.69
|
|||||||||
|
On-book
|
1.49
|
1.33
|
1.41
|
|||||||||
GE
Money
|
At
|
||||||||||||
|
3/31/08(a)
|
12/31/07
|
3/31/07
|
||||||||||
|
Managed
|
5.64
|
%
|
5.36
|
%
|
5.22
|
%
|
||||||
|
U.S.
|
5.75
|
5.52
|
4.72
|
|||||||||
|
Non-U.S.
|
5.61
|
5.30
|
5.40
|
|||||||||
|
Off-book
|
6.90
|
6.59
|
5.05
|
|||||||||
|
U.S.
|
6.96
|
6.64
|
5.05
|
|||||||||
|
Non-U.S.
|
(b)
|
(b)
|
(b)
|
|||||||||
|
On-book
|
5.48
|
5.20
|
5.24
|
|||||||||
|
U.S.
|
4.84
|
4.78
|
4.49
|
|||||||||
|
Non-U.S.
|
5.61
|
5.31
|
5.40
|
|||||||||
|
(a)
|
Subject
to update.
|
|
(b)
|
Not
meaningful.
|
The
increase in off-book delinquency for GE Money in the U.S. from 5.05% at March
31, 2007, and from 6.64% at December 31, 2007, to 6.96% at March 31, 2008,
reflects both a change in the mix of receivables securitized during 2007 and
first quarter of 2008, as well as the rise in delinquency across the broader
portfolio of U.S. credit card receivables.
We
believe that delinquency rates on managed financing receivables provide a useful
perspective of our portfolio quality and are key indicators of financial
performance. Further, investors use such information, including the results of
both the on-book and off-book securitized portfolios, which are relevant to our
overall performance.