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Millions of yen
Thousands of
U.S. dollars
(Note 1)
ASSETS 2014 2013 2014
Current assets:
Cash and cash equivalents ¥ 479,754 ¥ 444,875 $ 4,657,806
Trade notes and accounts receivable (Note 4) 180,544 171,770 1,752,854
Inventories (Notes 6 and 9) 323,677 265,687 3,142,495
Deferred tax assets (Note 14) 54,897 59,999 532,981
Other current assets 94,503 86,148 917,505
Allowance for doubtful receivables (848) (1,002) (8,233)
Total current assets 1,132,527 1,027,477 10,995,408
Property, plant and equipment:
Land (Note 7) 411,886 409,926 3,998,893
Buildings and structures 463,998 445,008 4,504,835
Machinery and equipment 833,434 807,450 8,091,592
Tools, furniture and fixtures 173,508 161,169 1,684,544
Leased property 9,983 13,231 96,922
Construction in progress 53,040 54,307 514,951
1,945,849 1,891,091 18,891,737
Accumulated depreciation (1,079,892) (1,106,700) (10,484,388)
Net property, plant and equipment (Notes 8 and 9) 865,957 784,391 8,407,349
Intangible assets 22,826 20,457 221,612
Investments and other assets:
Investment securities:
Affiliated companies 136,890 110,994 1,329,029
Other (Note 4) 11,462 9,812 111,282
Long-term loans receivable (Note 4) 6,551 5,552 63,602
Asset for retirement benefits (Note 10) 2,046 —19,864
Deferred tax assets (Note 14) 54,189 5,155 526,107
Other investments and other assets 16,777 19,311 162,883
Allowance for doubtful receivables (2,940) (4,058) (28,544)
Investment valuation allowance (249) (524) (2,417)
Total investments and other assets 224,726 146,242 2,181,806
Total assets ¥ 2,246,036 ¥ 1,978,567 $ 21,806,175
See accompanying notes.
Millions of yen
Thousands of
U.S. dollars
(Note 1)
LIABILITIES AND NET ASSETS 2014 2013 2014
Current liabilities:
Short-term debt (Notes 4 and 9) ¥ 105,283 ¥ 97,833 $ 1,022,165
Long-term debt due within one year (Notes 4 and 9) 109,715 104,270 1,065,194
Trade notes and accounts payable (Note 4) 331,678 279,642 3,220,175
Accrued income taxes 3,476 11,454 33 ,748
Accrued expenses (Note 4) 194,250 167,852 1,885,922
Reserve for warranty expenses 32,080 28,626 311,456
Other current liabilities (Note 14) 35,591 69,235 345,544
Total current liabilities 812,073 758,912 7,884,204
Long-term liabilities:
Long-term debt due after one year (Notes 4 and 9) 527,737 516,880 5,123,660
Deferred tax liability related to land revaluation (Note 7) 75,195 75,209 730,049
Employees' severance and retirement benefits (Note 10) —69,790 —
Liability for retirement benefits (Note 10) 70,149 —681,058
Reserve for loss from business of affiliates 44,249 6,957 429,602
Reserve for environmental measures 1,584 1,577 15,379
Other long-term liabilities (Note 14) 38,212 36,016 370,990
Total long-term liabilities 757,126 706,429 7,350,738
Contingent liabilities (Note 11)
Net assets:
Capital and retained earnings:
Common stock (Notes 12 and 19) 258,957 258,957 2,514,146
Authorized: 6,000,000,000 shares
Issued: 2,999,377,399 shares in 2014 and 2013
Capital surplus (Note 12) 242,649 242,649 2,355,816
Retained earnings 89,424 (46,299) 868,194
Treasury stock (10,241,243 shares in 2014 and
10,211,948 shares in 2013) (2,204) (2,192) (21,398)
Total capital and retained earnings 588,826 453,115 5,716,758
Accumulated other comprehensive income/(loss):
Net unrealized gain/(loss) on available-for-sale
securities 1,152 409 11,184
Deferred gains/(losses) on hedges (1,223) (15,064) (11,874)
Land revaluation (Note 7) 135,541 135,565 1,315,932
Foreign currency translation adjustments (55,586) (72,200) (539,670)
Pension adjustments recognized by foreign
consolidated subsidiaries —(5,513) —
Accumulated adjustments for retirement benefit (7,988) —(77,553)
Total accumulated other comprehensive income 71,896 43,197 698,019
Stock acquisition rights —6 —
Net assets attributable to shareholders of
Mazda Motor Corporation 660,722 496,318 6,414,777
Minority interests in consolidated subsidiaries 16,115 16,908 156,456
Total net assets 676,837 513,226 6,571,233
Total liabilities and net assets ¥2,246,036 ¥1,978,567 $21,806,175
Consolidated Balance Sheets Mazda Motor Corporation and Consolidated Subsidiaries
March 31, 2014 and 2013
43
Mazda Annual Report 2014
CONTENTS
Foundations Underpinning
Sustainable Growth
Financial Section
Review of Operations
Message from Management
Introduction
Brand Value Management