Konica Minolta 2015 Annual Report Download - page 80

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• Equity
Compared to the end of the previous fiscal year, total equity
increased ¥36.6 billion, or 7.4%, to ¥529.5 billion. Retained
earnings rose ¥11.8 billion to ¥251.3 billion. Major factors included
net profit of ¥40.9 billion, an ¥8.9 billion decrease owing to
dividends of surplus, and a ¥20.7 billion decrease attributable to
cancelation of treasury shares.
Furthermore, treasury shares decreased ¥6.5 billion due to
such factors as a ¥14.2 billion increase due to purchase of shares
and a ¥20.7 billion decrease owing to cancellation of shares. Other
components of equity increased ¥17.8 billion to ¥45.9 billion,
reflecting a ¥15.0 billion foreign currency translation adjustment
increase and a ¥3.1 billion marketable securities valuation
difference increase, among other factors.
As a result, compared to the end of the previous fiscal year,
the total equity attributable to owners of the company increased
¥36.3 billion, or 7.4%, to ¥528.4 billion, earnings per share
attributable to owners of the company stood at ¥1,052.94, and the
ratio of equity attributable to owners of the company increased 3.2
points to 53.1%.
• Liabilities
Compared with the end of the previous fiscal year, liabilities
dropped ¥27.6 billion, or 5.6%, to ¥464.7 billion (46.7% of total
assets). Current liabilities fell ¥1.7 billion, or 0.6%, to ¥281.8 billion
and non-current liabilities dropped ¥25.9 billion, or 12.4%, to
¥182.8 billion.
Regarding current liabilities, trade and other payables
increased ¥6.2 billion to ¥177.5 billion while income tax payables
rose ¥1.2 billion to ¥7.5 billion. Bonds and borrowings decreased
¥12.7 billion to ¥53.3 billion and provisions dropped ¥1.2 billion to
¥5.5 billion. Other current liabilities amounted to ¥36.8 billion,
reflecting an accrued tax increase of ¥2.2 billion and increase in the
provision for paid vacation of ¥1.9 billion.
Regarding non-current liabilities, bonds and borrowings
decreased ¥24.1 billion to ¥112.2 billion and net defined benefit
liabilities dropped ¥2.8 billion to ¥62.0 billion.
• Assets
Assets at fiscal year end increased ¥9.0 billion, or 0.9%, over last
fiscal year end to ¥994.2 billion. Current assets rose ¥1.0 billion, or
0.2%, to ¥570.6 billion (57.4% of total assets), and non-current
assets climbed ¥7.9 billion, or 1.9%, to ¥423.6 billion (42.6% of
total assets).
For current assets, cash and cash equivalents decreased by
¥10.9 billion to ¥177.4 billion. Operating receivables and other
receivables stood at ¥252.9 billion, a ¥5.8 billion increase.
Additionally, inventories rose ¥5.6 billion to ¥120.8 billion.
Although there was overall progress in the amortization of
property, plant, and equipment, non-current assets increased ¥4.5
billion to ¥181.6 billion partially as a result of the construction of a
new R&D center, as well as capital investment in the Business
Technologies Business and investments into new businesses in the
Industrial Business. Goodwill and intangible assets climbed ¥6.5
billion to ¥126.1 billion. Other financial assets grew to ¥41.4 billion
due in part to a ¥2.9 billion increase in investment in securities
caused by a rising stock market, while deferred tax assets fell
¥10.0 billion compared to previous fiscal year end to ¥64.2 billion
partially as a result of taxation rate changes prompted by taxation
system amendments. Other non-current assets amounted to ¥9.6
billion due to factors including a ¥1.4 billion increase in long-term
prepaid expenses.
Financial Position and Liquidity
Equity
Total assets
Interest-bearing debt, Cash reserves, Net D/E ratio
600
450
300
150
0
(Billions of yen)
492.8
466.4 466.5
529.5
20132012 2014
(FY)
J-GAAP IFRS
300
240
180
120
60
0
0.3
0.2
0.1
0
-0.1
-0.2
(Billions of yen) (times)
Interest-bearing Debt Cash reserves Net D/E Ratio
0.02%
224.9 213.9 214.5 202.4
165.6 177.4
0.03%
-0.02%
0.03%
20132012 2014
(FY)
J-GAAP IFRS
230.4
188.4
1,200
900
600
300
0
(Billions of yen)
985.2
940.5 958.4 994.2
20132012 2014
(FY)
J-GAAP IFRS
79
KONICA MINOLTA, INC. Annual Report 2015
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