Louis Vuitton 2002 Annual Report Download - page 89

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ANNUAL REPORT 2002 • 87
LIABILITIES AND STOCKHOLDERS' EQUITY 2002 2001 2000
(EUR millions)
CURRENT LIABILITIES
Short-term borrowings 2,304 3,765 5,333
Accounts payable 1,429 1,401 1,305
Accrued expenses and other current liabilities 2,533 2,622 2,371
Income taxes 61 -318
Current portion of long-term debt 274 238 235
6,601 8,026 9,562
NET DEFERRED INCOME TAXES 125 169 110
LONG-TERM LIABILITIES
Long-term debt, less current portion 4,554 5,402 3,498
Other long-term liabilities 1,073 1,250 1,164
Repackaged notes 222 284 346
5,849 6,936 5,008
MINORITY INTERESTS IN SUBSIDIARIES 1,772 1,800 1,481
STOCKHOLDERS' EQUITY
Common stock 147 147 147
Additional paid-in capital and retained earnings 7,145 6,894 7,017
Cumulative translation adjustment (222) (140) (133)
7,070 6,901 7,031
TOTAL 21,417 23,832 23,192