Summary by Futu AI
Berkshire Hathaway Inc. has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report details the financial statements of the LiquidPower Specialty Products Inc. 401(k) and Profit Sharing Plan, which is sponsored by a wholly-owned subsidiary of Berkshire Hathaway. The independent audit, conducted by Pannell Kerr Forster of Texas, P.C., concluded that the financial statements present fairly the net assets available for benefits, which amounted to $69,917,043 at the end of 2023, up from $55,607,380 the previous year. The Plan experienced a net increase in assets due to investment income and company and participant contributions. The audit also confirmed the Plan's compliance with U.S. generally accepted accounting principles and the Department of...Show More