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LIABILITIES AND NET ASSETS
Millions of Yen
Thousands of U.S.
Dollars (Note 1)
2013 2014 2014
CURRENT LIABILITIES:
Short-term borrowings (Notes 8 and 19) . . . . . . . . . . . . . . . ¥ 56,587 ¥ 32,415 $ 314,709
Current portion of long-term debt (Notes 8 and 19) . . . . . . 145,883 66,126 642,000
Trade notes and accounts payable (Note 19) . . . . . . . . . . . . 458,724 446,494 4,334,893
Accrued expenses (Note 19) . . . . . . . . . . . . . . . . . . . . . . . . . 169,221 152,792 1,483,418
Other current liabilities (Notes 10, 13, 19 and 20) . . . . . . . . 293,241 287,758 2,793,767
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . 1,123,656 985,585 9,568,787
LONG-TERM LIABILITIES: . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Long-term debt (Notes 8 and 19) . . . . . . . . . . . . . . . . . . . . . 400,981 476,610 4,627,282
Liabilities for retirement benefits (Note 9) . . . . . . . . . . . . . . . 178,868 — —
Net defined benefit liability (Notes 3 and 9) . . . . . . . . . . . . — 220,457 2,140,359
Deferred tax liabilities (Note 13) . . . . . . . . . . . . . . . . . . . . . . . 2,231 2,213 21,485
Other long-term liabilities (Note 11) . . . . . . . . . . . . . . . . . . . . 39,083 52,801 512,631
Total long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . 621,163 752,081 7,301,757
COMMITMENTS AND CONTINGENT LIABILITIES
(Notes 18, 20 and 21)
NET ASSETS (Notes 12 and 24):
SHAREHOLDERS’ EQUITY:
Common stock:
Authorized – 7,500,000 thousand shares
Issued – 2,604,733 thousand shares
in 2013 and 2014 . . . . . . . . . . . . . . . . . . 397,199 397,199 3,856,301
Capital surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148,405 148,402 1,440,796
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157,771 182,570 1,772,524
Treasury stock – at cost:
6,381 thousand shares in 2013 and
6,515 thousand shares in 2014 . . . . . . . . . . . . . . . . . . (2,946) (2,976) (28,893)
Total shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . 700,429 725,195 7,040,728
ACCUMULATED OTHER COMPREHENSIVE INCOME
(Note 3):
Valuation difference on available-for-sale securities . . . . . 18,333 34,292 332,932
Deferred gains or losses on hedges . . . . . . . . . . . . . . . . . (1,076) (1,359) (13,194)
Foreign currency translation adjustments . . . . . . . . . . . . . (7,020) (1,521) (14,767)
Remeasurements of defined benefit plans . . . . . . . . . . . . —(60,658) (588,913)
Total accumulated other comprehensive income . . . . 10,237 (29,246) (283,942)
MINORITY INTERESTS (Note 3) . . . . . . . . . . . . . . . . . . . . . . 125,481 71,714 696,253
Total net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 836,147 767,663 7,453,039
TOTAL LIABILITIES AND NET ASSETS . . . . . . . . . . . . . . . . . . ¥2,580,966 ¥2,505,329 $24,323,583
52
NEC Corporation
Annual Report 2014
IV
Corporate Data