Canon 2004 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2004 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

60
CANON INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
(2) Basis of Financial Statement Translation
The consolidated financial statements presented herein are
expressed in yen and, solely for the convenience of the reader,
have been translated into United States dollars at the rate of
¥104 = U.S.$1, the approximate exchange rate prevailing on
the Tokyo Foreign Exchange Market on December 30, 2004.
This translation should not be construed as a representation
that the amounts shown could be converted into United
States dollars at such rate.
Thousands of
Millions of yen U.S. dollars
2004 2003 2002 2004
Total assets ¥1,500,197 1,339,854 1,238,800 $14,424,971
Net assets 632,657 564,041 518,927 6,083,240
Net sales 2,548,700 2,341,221 2,151,062 24,506,731
Net income 70,227 74,274 58,883 675,260
(3) Foreign Operations
Amounts included in the consolidated financial statements
relating to subsidiaries operating in foreign countries are
summarized as follows:
and held-to-maturity securities by major security type at
December 31, 2004 and 2003 were as follows:
December 31 Gross Gross
Unrealized Unrealized
Holding Holding
(Millions of yen) Cost Gains Losses Fair Value
2004: Current:
Available-for-sale:
Corporate debt securities ¥ 138 — — 138
Bank debt securities 71 — — 71
Fund trusts 92 40 — 132
Equity securities 1,117 100 4 1,213
¥1,418 140 4 1,554
Noncurrent:
Available-for-sale:
Governmental bond securities ¥ 536 26 25 537
Corporate debt securities 56 19 — 75
Fund trusts 2,064 574 12 2,626
Equity securities 9,185 16,628 76 25,737
11,841 17,247 113 28,975
Held-to-maturity:
Corporate debt securities 21,460 — — 21,460
¥33,301 17,247 113 50,435
(4) Marketable Securities and Investments
The cost, gross unrealized holding gains, gross unrealized
holding losses and fair value for available-for-sale securities