Logitech 2004 Annual Report Download - page 111
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LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 5 — Balance Sheet Components:
The following provides a breakout of certain balance sheet components (in thousands):
March 31,
2004 2003
Accounts receivable:
Accounts receivable .................................................. $249,175 $ 217,596
Allowance for doubtful accounts ........................................ (6,068) (7,716)
Allowanceforcustomerprogramsandreturns ............................. (36,920) (28,236)
$ 206,187 $ 181,644
Inventories:
Raw materials ....................................................... $ 32,592 $ 19,710
Work-in-process ..................................................... 554 418
Finished goods ...................................................... 102,415 103,995
$ 135,561 $ 124,123
Other current assets:
Tax and VAT refund receivables ........................................ $ 17,520 $ 14,154
Deferred taxes ....................................................... 17,390 10,004
Prepaidexpensesandother............................................. 10,394 14,604
$ 45,304 $ 38,762
Property, plant and equipment:
Land .............................................................. $ 1,929 $ 1,830
Plantandbuildings ................................................... 20,640 19,722
Equipment .......................................................... 72,431 68,158
Computerequipmentandsoftware....................................... 59,111 53,416
154,111 143,126
Less: accumulated depreciation ......................................... (116,803) (104,212)
$ 37,308 $ 38,914
Other assets:
Debt issuance costs ................................................... $ 1,216 $ 1,782
Deferred taxes ....................................................... 46 2,501
VAT refund receivable ................................................ 4,900 —
Deposits and other ................................................... 3,311 4,246
$ 9,473 $ 8,529
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