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43
Nissan Annual Report 2008
Prior Fiscal Year Current Fiscal
Year
(As of March 31, 2007) (As of March 31, 2008)
Amounts Ratio Amounts Ratio
Accounts Notes (Millions of yen) (%) (Millions of yen) (%)
Liabilities
I. Current liabilities
1. Trade notes and accounts payable *6 1,103,186 1,119,430
2. Short-term borrowings *3 1,056,319 988,342
3.
Current portion of long-term borrowings
*3 974,695 666,844
4. Commercial paper 965,238 951,843
5. Current portion of bonds 101,159 149,998
6. Lease obligations 50,421 75,554
7. Accrued expenses 589,337 563,672
8. Deferred tax liabilities 9,064 1,501
9. Accrued warranty costs 92,279 91,151
10. Other 633,621 634,281
Total current liabilities 5,575,319 44.9 5,242,616 43.9
II. Long-term liabilities
1. Bonds 729,707 772,725
2. Long-term borrowings *3 1,167,814 1,050,889
3. Lease obligations 59,140 85,389
4. Deferred tax liabilities 507,600 461,792
5. Accrued warranty costs 130,111 112,522
6. Accrued retirement benefits 194,494 177,485
7. Accrued directors’ retirement benefits — 3,883
8. Other 161,029 182,738
Total long-term liabilities 2,949,895 23.8 2,847,423 23.9
Total liabilities 8,525,214 68.7 8,090,039 67.8
Net assets
I. Shareholders’ equity
1. Common stock 605,814 4.9 605,814 5.1
2. Capital surplus 804,470 6.5 804,470 6.7
3. Retained earnings 2,402,726 19.4 2,726,859 22.8
4. Treasury stock (226,394) (1.9) (269,003) (2.2)
Total shareholders’ equity 3,586,616 28.9 3,868,140 32.4
II. Valuation, translation adjustments
and others
1. Unrealized holding gain on securities 5,826 0.1 5,750 0.0
2. Unrealized gain and loss from hedging
instruments 1,817 0.0 (8,471) (0.1)
3.
Adjustments for revaluation of the
accounts of the consolidated subsidiaries
based on general price level accounting
68,923 0.6 79,417 0.7
4. Land revaluation of foreign subsidiaries 5,095 0.0 6,238 0.1
5. Unfunded retirement benefit obligation
of foreign subsidiaries (13,826) (0.1) (4,290) 0.0
6. Translation adjustments (109,214) (0.9) (441,820) (3.7)
Total valuation, translation adjustments
and others (41,379) (0.3) (363,176) (3.0)
III. Share subscription rights 2,711 0.0 1,714 0.0
IV. Minority interests 329,046 2.7 342,765 2.8
Total net assets 3,876,994 31.3 3,849,443 32.2
Total liabilities and net assets 12,402,208 100.0 11,939,482 100.0