A.
|
Full
title of the plan and the address of the plan, if different from that of
the issuer named below:
|
B.
|
Name
of issuer of the securities held pursuant to the plan and the address of
its principal executive office:
|
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
|
1
|
FINANCIAL
STATEMENTS:
|
|
Statements
of Net Assets Available for Benefits as of December 31, 2008 and
2007
|
2
|
Statements
of Changes in Net Assets Available for Benefits for the Years
Ended
December 31,
2008 and 2007
|
3
|
Notes
to Financial Statements
|
4–9
|
SUPPLEMENTAL
SCHEDULE:
|
|
Form
5500, Schedule H, Part IV, Line 4i — Schedule of Assets (Held at End
of Year)
as
of December 31, 2008
|
10–11
|
NOTE:
|
All
other schedules required by Section 2520.103-10 of the Department of
Labor’s Rules
and
Regulations for Reporting and Disclosure under the Employee Retirement
Income
Security
Act of 1974 have been omitted because they are not
applicable.
|
SIGNATURE
PAGE
|
12
|
EXHIBIT
INDEX
|
13
|
BUNGE
RETIREMENT SAVINGS PLAN
|
||||||||
STATEMENTS
OF NET ASSETS AVAILABLE FOR BENEFITS
|
||||||||
AS
OF DECEMBER 31, 2008 AND 2007
|
||||||||
2008
|
2007
|
|||||||
INVESTMENTS:
|
||||||||
Interest
bearing cash
|
$ | 24,915,215 | $ | - | ||||
Mutual
funds
|
75,450,451 | 95,387,189 | ||||||
Common
collective trusts
|
- | 42,320,217 | ||||||
Interest
in Bunge Limited common shares
|
8,181,104 | 13,809,714 | ||||||
Common
stock
|
329,938 | - | ||||||
Participant
loans
|
1,941,214 | 1,881,632 | ||||||
Total
investments
|
110,817,922 | 153,398,752 | ||||||
CONTRIBUTIONS
RECEIVABLE:
|
||||||||
Participants
|
289,131 | 279,483 | ||||||
Employer
group
|
307,209 | 280,879 | ||||||
Total
contributions receivable
|
596,340 | 560,362 | ||||||
PLAN
TRANSFERS RECEIVABLE
|
29,269 | 44,976 | ||||||
NET
ASSETS AVAILABLE FOR BENEFITS
|
$ | 111,443,531 | $ | 154,004,090 | ||||
See
notes to financial statements.
|
BUNGE
RETIREMENT SAVINGS PLAN
|
||||||||
STATEMENTS
OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
|
||||||||
FOR
THE YEARS ENDED DECEMBER 31, 2008 AND 2007
|
||||||||
2008
|
2007
|
|||||||
ADDITIONS:
|
||||||||
Investment
income — interest
|
$ | 849,973 | $ | 1,196,410 | ||||
Investment
income — dividends
|
3,563,112 | 5,544,999 | ||||||
Contributions:
|
||||||||
Employer
group
|
4,248,021 | 3,975,125 | ||||||
Participants
|
8,772,777 | 8,134,869 | ||||||
Rollovers
|
1,078,547 | 954,244 | ||||||
Plan
transfers
|
98,224 | - | ||||||
Other
|
- | 51,424 | ||||||
Net
appreciation in value of investments
|
- | 4,783,456 | ||||||
Total
|
18,610,654 | 24,640,527 | ||||||
DEDUCTIONS:
|
||||||||
Net
depreciation in value of investments
|
51,748,777 | - | ||||||
Benefits
paid to participants
|
9,371,993 | 12,773,081 | ||||||
Administrative
expenses
|
50,443 | 84,525 | ||||||
Total
|
61,171,213 | 12,857,606 | ||||||
(DECREASE)
INCREASE IN NET ASSETS
|
(42,560,559 | ) | 11,782,921 | |||||
NET
ASSETS AVAILABLE FOR BENEFITS — Beginning of year
|
154,004,090 | 142,221,169 | ||||||
NET
ASSETS AVAILABLE FOR BENEFITS — End of year
|
$ | 111,443,531 | $ | 154,004,090 | ||||
See
notes to financial statements.
|
1.
|
BASIS
OF PRESENTATION AND SIGNIFICANT ACCOUNTING
POLICIES
|
2.
|
PLAN
DESCRIPTION
|
3.
|
CONTRIBUTIONS
AND WITHDRAWALS
|
4.
|
PARTICIPANT
LOANS
|
5.
|
PLAN
TERMINATION
|
6.
|
FEDERAL
INCOME TAX STATUS
|
7.
|
EXEMPT
PARTY-IN-INTEREST TRANSACTIONS
|
8.
|
INVESTMENTS
|
2008
|
2007
|
|||||||
Vanguard
Prime Money Market Fund
|
$ | 23,797,419 | $ | - | * | |||
Fidelity
International Discovery Fund
|
6,504,820 | - | * | |||||
Fidelity
Total Bond Fund
|
13,077,379 | - | * | |||||
Janus
Adviser Forty Fund — Class S
|
16,318,441 | - | * | |||||
T.
Rowe Price Value Fund
|
8,862,434 | - | * | |||||
Vanguard
Institutional Index Fund — Institutional Shares
|
14,714,233 | - | * | |||||
Interest
in Bunge Limited common shares
|
8,181,104 | 13,809,714 | ||||||
Fidelity
Capital Appreciation Fund
|
- | * | 25,500,951 | |||||
SSgA
S&P 500 Index Fund
|
- | * | 24,997,207 | |||||
SSgA
Money Market Fund
|
- | * | 24,858,932 | |||||
Legg
Mason Value Fund
|
- | * | 14,870,098 | |||||
PIMCO
Total Return Fund
|
- | * | 14,522,994 | |||||
American
Funds New Perspective Fund
|
- | * | 11,484,393 |
2008
|
2007
|
|||||||
Mutual
funds
|
$ | (43,719,186 | ) | $ | (2,404,989 | ) | ||
Common
collective trusts
|
- | 2,072,140 | ||||||
Interest
in Bunge Limited common shares (1)
|
(7,809,020 | ) | 5,116,305 | |||||
Common
stock
|
(220,571 | ) | - | |||||
Net
(depreciation) appreciation in value of investments
|
$ | (51,748,777 | ) | $ | 4,783,456 |
(1)
|
The
Plan allows for participants to invest in Bunge Limited common shares.
Bunge Limited is the parent company of the sponsoring employer. The Plan
held 158,027 and 113,788 common shares of Bunge Limited at
December 31, 2008 and 2007, respectively. During 2008 and 2007, the
Plan recorded dividend income of $330,244 and $74,263, respectively, and
net (depreciation) appreciation in fair value of $(7,809,020) and
$5,116,305, respectively, from Bunge Limited common
shares.
|
9.
|
FAIR
VALUE MEASUREMENTS
|
Fair
Value Measurements
at
December 31, 2008, Using
|
||||||||||||||||
Quoted
Prices in
|
Significant
|
|||||||||||||||
Active
Markets
|
Other
|
Significant
|
||||||||||||||
for
Identical
|
Observable
|
Unobservable
|
||||||||||||||
Assets (Level 1)
|
Inputs (Level 2)
|
Inputs (Level 3)
|
Total
|
|||||||||||||
Mutual
funds
|
$ | 75,450,451 | $ | - | $ | - | $ | 75,450,451 | ||||||||
Interest
in Bunge Limited
common
shares
|
- | 8,181,104 | - | 8,181,104 | ||||||||||||
Common
stock
|
329,938 | - | - | 329,938 | ||||||||||||
Participant
loans
|
- | 1,941,214 | - | 1,941,214 | ||||||||||||
Total
|
$ | 75,780,389 | $ | 10,122,318 | $ | - | $ | 85,902,707 |
10.
|
PLAN
TRANSFERS
|
PIMCO
Total Return Fund
|
$ | 14,522,994 | ||
SSgA
Money Market Fund
|
24,858,932 | |||
SSgA
Russell 2000 Fund
|
3,320,537 | |||
Self-Managed
Account
|
1,063,527 | |||
Oakmark
Select Fund
|
3,086,294 | |||
Loan
Fund
|
1,881,632 | |||
Fidelity
Capital Appreciation Fund
|
25,500,951 | |||
American
Funds New Perspective Fund
|
11,484,393 | |||
Interest
in Bunge Limited common shares
|
13,809,714 | |||
SSgA
Conservative Strategic Asset Allocation Fund
|
3,672,430 | |||
SSgA
Moderate Strategic Asset Allocation Fund
|
3,015,781 | |||
SSgA
Aggressive Strategic Asset Allocation Fund
|
3,371,819 | |||
SSgA
S&P 500 Index
|
24,997,207 | |||
Legg
Mason Value Fund
|
14,870,098 | |||
SSgA
S&P Midcap Fund
|
3,942,443 | |||
Total
|
$ | 153,398,752 |
Number
of
|
Current
|
|||||||||
Description |
Shares/Units
|
Cost**
|
Value
|
|||||||
INTEREST IN INTEREST BEARING CASH: | ||||||||||
Cash
|
$ | 1,117,796 | ||||||||
Vanguard
Prime Money Market Fund
|
23,797,418.57 | 23,797,419 | ||||||||
Total
interest in interest-bearing cash
|
24,915,215 | |||||||||
INTEREST IN MUTUAL FUNDS: | ||||||||||
American
Century Heritage Fund — Investor Class
|
85,356.85 | 996,114 | ||||||||
American
Century Real Estate Fund — Investor Class
|
25,113.40 | 292,822 | ||||||||
* |
Fidelity
Freedom Income
|
16,006.47 | 153,022 | |||||||
* |
Fidelity
Freedom 2000
|
5,270.69 | 52,970 | |||||||
* |
Fidelity
Freedom 2005
|
24,134.85 | 202,491 | |||||||
* |
Fidelity
Freedom 2010
|
123,990.48 | 1,284,541 | |||||||
* |
Fidelity
Freedom 2015
|
247,870.33 | 2,121,770 | |||||||
* |
Fidelity
Freedom 2020
|
167,276.43 | 1,681,128 | |||||||
* |
Fidelity
Freedom 2025
|
119,895.98 | 986,744 | |||||||
* |
Fidelity
Freedom 2030
|
77,489.85 | 756,301 | |||||||
* |
Fidelity
Freedom 2035
|
44,218.00 | 355,071 | |||||||
* |
Fidelity
Freedom 2040
|
60,443.25 | 337,878 | |||||||
* |
Fidelity
Freedom 2045
|
32,625.54 | 214,676 | |||||||
* |
Fidelity
Freedom 2050
|
8,929.31 | 57,683 | |||||||
* |
Fidelity
International Discovery Fund
|
275,278.04 | 6,504,820 | |||||||
* |
Fidelity
Small Cap Independence Fund
|
26,287.27 | 276,805 | |||||||
* |
Fidelity
Total Bond Fund
|
1,421,454.20 | 13,077,379 | |||||||
* |
Fidelity
Spartan International Index Fund — Investor Class
|
7,267.47 | 194,332 | |||||||
Janus
Adviser Forty Fund — Class S
|
743,098.41 | 16,318,441 | ||||||||
T.
Rowe Price Value Fund
|
584,979.15 | 8,862,434 | ||||||||
Vanguard
Institutional Index Fund — Institutional Shares
|
178,267.91 | 14,714,233 | ||||||||
Vanguard
Long-Term Bond Index Fund — Investor Shares
|
86,162.75 | 1,033,091 | ||||||||
Vanguard
Mid-Cap Index Fund — Institutional Shares
|
207,450.08 | 2,452,060 | ||||||||
Vanguard
Small-Cap Index Fund Signal TM Shares
|
107,893.01 | 1,984,153 | ||||||||
BrokerageLink
Account — Mutual Funds
|
539,492 | |||||||||
Total
interest in mutual funds
|
75,450,451 | |||||||||
(Continued)
|
||||||||||
Number
of
|
Current
|
|||||||||
Description |
Shares/Units
|
Cost**
|
Value
|
|||||||
INTEREST IN COMMON STOCK: | |||||||||||
* |
Interest
in Bunge Limited common shares
|
158,027 | 8,181,104 | ||||||||
BrokerageLink
Account — Common Stock
|
329,938 | ||||||||||
Total
interest in common stocks
|
8,511,042 | ||||||||||
* |
PARTICIPANT
LOANS — Loan Fund, rates from
|
||||||||||
4.5%
to 9.25%, maturities through May 2038
|
1,941,214 | ||||||||||
Total
investments
|
$ | 110,817,922 |
Bunge Retirement Savings Plan | |||
Date:
June 25, 2009
|
By:
|
/s/ Philip Staggs | |
Philip Staggs | |||
Plan Administrator | |||
Exhibit
Number
|
Description of Document |
|
||
23.1
|
Consent
of Independent Registered Public Accounting
Firm
|