Nikon 1998 Annual Report Download - page 25

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Nikon Corporation 23
The carrying amounts and market values of marketable securities (current) and investments in securities (non-current) at March 31,
1998 and 1997 were as follows:
Thousands of
Millions of Yen U.S. Dollars
1998 1997 1998
Current (market value available):
Carrying amount ¥16,285 ¥24,568 $123,283
Market value 27,380 40,238 207,270
Net unrealized gains ¥11,094 ¥15,669 $ 83,987
Non-current (market value available):
Carrying amount ¥31,446 ¥31,094 $238,052
Market value 43,556 47,641 329,720
Net unrealized gains ¥12,109 ¥16,546 $ 91,668
The difference between the above carrying amounts and the amounts shown in the accompanying balance sheets principally
consists of non-marketable securities for which there is no readily-available market from which to obtain or calculate the market
value thereof.
Inventories
Inventories at March 31, 1998 and 1997 were comprised of the following:
Thousands of
Millions of Yen U.S. Dollars
1998 1997 1998
Finished and semifinished products ¥66,210 ¥47,349 $ 501,217
Raw materials and supplies 12,675 12,324 95,956
Work in process 75,482 60,501 571,403
¥154,368 ¥120,175 $1,168,576
Pledged Assets
The following assets were pledged as collateral at March 31, 1998:
Thousands of
Millions of Yen U.S. Dollars
Notes and accounts receivable—trade ¥14,676 $111,100
Property, plant and equipment (net of accumulated depreciation) 517 3,916
Marketable securities and investments in securities 6,618 50,106
¥21,812 $165,122
Liabilities secured by the above assets were as follows:
Thousands of
Millions of Yen U.S. Dollars
Short-term borrowings ¥9,297 $ 70,378
Other current liabilities 376 2,846
Long-term debt, including current portion 4,950 37,476
¥14,623 $110,700
Short-Term Borrowings
Short-term borrowings at March 31, 1998 and 1997 were comprised of the following:
Thousands of
Millions of Yen U.S. Dollars
1998 1997 1998
Short-term loans, principally from banks:
1998, 1.01563%–6.58125%
1997, 0.8075%–6.3125% ¥64,049 ¥65,402 $484,858
Commercial paper:
1998, 0.9060%–1.5600%
1997, 0.5449%–0.5810% 40,000 5,000 302,801
¥104,049 ¥70,402 $787,659
QX /NIKON AR 98 9/21 00.4.11 7:39 PM ページ 23