LensCrafters 2008 Annual Report Download - page 55

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CONSOLIDATED
BALANCE SHEET |53 <
2008 2008 2007
(US$ 000) (1) (Euro 000)
(1) Translated for convenience at the New York City Noon Buying Rate as determined in Note 1
(*) In accordance with US GAAP
See notes to the consolidated financial statements
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Bank overdrafts $601,948 432,465 455,588
Current portion of long-term debt 398,379 286,213 792,617
Accounts payable 554,088 398,080 423,432
Payroll and related 183,215 131,630 132,983
Customers’ right of return 43,654 31,363 26,557
Other 360,715 259,153 308,738
Income taxes payable 25,545 18,353 19,314
Total current liabilities 2,167,544 1,557,255 2,159,229
LONG-TERM DEBT 3,506,599 2,519,289 1,926,523
LIABILITY FOR TERMINATION INDEMNITIES 77,281 55,522 56,911
DEFERRED TAX LIABILITIES - NET 325,079 233,551 248,377
OTHER LONG-TERM LIABILITIES 536,838 385,687 229,972
MINORITY INTERESTS IN CONSOLIDATED SUBSIDIARIES 65,876 47,328 41,097
SHAREHOLDERS’ EQUITY
Capital stock par value Euro 0.06 - 463,368,233 and 462,623,620
ordinary shares authorized and issued at December 31, 2008
and 2007, respectively; 456,933,447 and 456,188,834 shares
outstanding at December 31, 2008 and 2007, respectively 38,698 27,802 27,757
Additional paid-in capital 419,699 301,529 277,947
Retained earnings 3,883,253 2,789,894 2,636,868
Accumulated other comprehensive loss, net of tax (755,308) (542,646) (377,428)
Total 3,586,342 2,576,580 2,565,145
Less treasury shares at cost; 6,434,786 and 6,434,786
shares at December 31, 2008 and 2007, respectively 97,415 69,987 69,987
Total shareholders’ equity 3,488,927 2,506,593 2,495,158
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $10,168,142 7,305,225 7,157,266