Konica Minolta 2001 Annual Report Download - page 20

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Konica Corporation/ Annual Report 200 1
18
Assets and Liabilities
Total assets at the end of the fisc al year under review were
down 5 .7 % from the previous year-end, to ¥ 5 1 8 .2 billion.
Looking at current assets, marketable securities decreased
¥ 1 7 .5 billion as the Company disposed of such sec urities,
with ¥1 1 .6 billion of that amount appropriated to setting up
the retirement benefits payable trust. Looking at fixed assets,
land and buildings and structures declined ¥ 1 .9 billion,
mainly as a result of our selling off the Muromac hi Center
Building. Machinery and equipment increased ¥8.8 billion,
mainly due to investment in facilities for producing TAC for
the polarizing filters used in LCDs, and facilities for
producing aspherical plastic lenses for use in optical discs.
Total current liabilities fell ¥1 0 .3 billion from the
previous fiscal year-end, while total long-term liabilities
decreased ¥ 1 9 .3 billion. Within total current liabilities,
short-term debt dropped ¥ 1 6 .1 billion, but the current
portion of long-term debt rose ¥ 6 .2 billion. Trade notes
and ac c ounts payable decreased ¥ 9 .6 billion, and accrued
expenses increased ¥ 1 .5 billion.
Total long-term liabilities declined ¥1 9 .3 billion, mainly
due to a drop of ¥ 2 0 .6 billion resulting from the repayment
of long-term debt. Interest-bearing debt decreased ¥ 3 0 .5
billion, to ¥1 8 1 .9 billion, indicating our success at reducing
such debt to below ¥ 2 0 0 billion. A target in our new
medium-term management plan, SAN Plan 2 0 0 4 , c alls for an
additional reduction in interest-bearing debt to ¥1 6 0 billion,
or one-third of total assets.
Total shareholders’ equity fell ¥ 2 .5 billion from the
previous year-end, as a ¥2 .9 billion gain in retained earnings
and a ¥1 .1 billion inc rease in unrealized gain on sec urities
were more than offset by a drop of ¥6 .5 billion due to
foreign c urrency translation adjustment in line with the
Japanese ac c ounting standard.
Although both total assets and total shareholders’ equity
declined compared with the previous fiscal year-end, the
rate of decrease in total assets was greater than that in
shareholders' equity. Consequently, the shareholders’ equity
ratio for the year under review was up 1.3 percentage
points, to 3 0 .9%.
Capital Investment
Capital investment in this fisc al year totaled ¥30 .4 billion, an
increase of ¥ 0.2 billion from the previous period. Of this
amount, ¥ 0 .8 billion went to companywide-related
investment, ¥ 1 5 .6 billion to the photographic materials
segment, and ¥ 14 .0 billion to the business machines
segment. In our photographic materials segment, some
¥ 8 .8 billion was targeted to digitization and strategic areas,
including ¥ 5 .7 billion for EM business, ¥2 .6 billion for the
Medical and Graphic Company, and ¥ 0 .5 billion for the
Inkjet Business Group. In our business mac hines segment,
some ¥ 1 2 .3 billion was targeted to digitization and strategic
areas, including ¥ 7 .8 billion for the Office Doc ument
Company and ¥ 4 .3 billion for the Optics Technology
Company.