LensCrafters 2007 Annual Report Download - page 120
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LIABILITIES AND SHAREHOLDERS’ EQUITY
2007 2007 2006
(US$/000) (1) (Euro/000)
CURRENT LIABILITIES
Bank overdrafts 665,295 455,588 168,358
Current portion of long-term debt 1,157,459 792,617 359,527
Accounts payable 618,338 423,432 349,598
Accrued expenses:
• Payroll and related 194,194 132,983 145,005
• Customers' right of return 38,781 26,557 17,881
• Other 450,850 308,738 229,713
Income taxes payable 28,205 19,314 155,195
Total current liabilities 3,153,123 2,159,229 1,425,277
LONG-TERM DEBT 2,813,301 1,926,523 959,735
LIABILITY FOR TERMINATION INDEMNITIES 83,107 56,911 60,635
DEFERRED TAX LIABILITIES, NET 362,704 248,377 95,124
OTHER LONG-TERM LIABILITIES 335,828 229,972 181,888
MINORITY INTERESTS IN
CONSOLIDATED SUBSIDIARIES 60,013 41,097 30,371
SHAREHOLDERS’ EQUITY
Capital stock par value Euro 0,06 - 462,623,620
and 460,216,248 ordinary shares authorized and
issued at December 31, 2007 and 2006, respectively;
456,188,834 and 453,781,462 shares outstanding
at December 31, 2007 and 2006, respectively 40,534 27,757 27,613
Additional paid-in capital 405,887 277,947 203,016
Retained earnings 3,850,618 2,636,868 2,343,800
Accumulated other comprehensive loss, net of tax (551,158) (377,428) (288,593)
Total 3,745,881 2,565,145 2,285,836
Less treasury shares at cost; 6,434,786 and 6,434,786
shares at December 31, 2007 and 2006, respectively 102,201 69,987 69,987
Total shareholders' equity 3,643,680 2,495,158 2,215,849
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 10,451,755 7,157,266 4,968,878
(1) Translated for convenience at the New York City Noon Buying Rate as determined in Note 1.
See notes to the consolidated financial statements.
(*) In accordance with US GAAP.
CONSOLIDATED
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