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FINANCIAL STATEMENTS
Consolidated balance sheets
(Millions of yen)
FY2011
As of March 31, 2012
FY2012
As of March 31, 2013
Liabilities
Current liabilities
Trade notes and accounts payable 1,377,254 1,336,234
Short-term borrowings 244,582 519,180
Current portion of long-term borrowings 822,268 779,881
Commercial papers 38,437 219,453
Current portion of bonds 187,198 181,336
Lease obligations 38,190 32,678
Accrued expenses 660,369 659,970
Deferred tax liabilities 136 116
Accrued warranty costs 85,535 87,424
Other 691,259 743,973
Total current liabilities 4,145,228 4,560,245
Long-term liabilities
Bonds 584,962 678,585
Long-term borrowings 1,877,997 2,352,450
Lease obligations 34,584 22,795
Deferred tax liabilities 486,699 555,249
Accrued warranty costs 100,431 93,519
Accrued retirement benefits 159,369 164,503
Accrued directors’ retirement benefits 544 395
Other 232,242 303,436
Total long-term liabilities 3,476,828 4,170,932
Total liabilities 7,622,056 8,731,177
Net assets
Shareholders’ equity
Common stock 605,814 605,814
Capital surplus 804,470 804,470
Retained earnings 3,009,090 3,254,206
Treasury stock (149,542) (149,549)
Total shareholders equity 4,269,832 4,514,941
Accumulated other comprehensive income
Unrealized holding gain and loss on securities 16,979 20,897
Unrealized gain and loss from hedging instruments (5,108) (8,578)
Adjustment for revaluation of the accounts of the consolidated
subsidiaries based on general price level accounting (13,945) (13,945)
Translation adjustments (1,121,059) (780,013)
Total accumulated other comprehensive income (1,123,133) (781,639)
Share subscription rights 2,415 2,415
Minority interests 300,883 338,276
Total net assets 3,449,997 4,073,993
Total liabilities and net assets 11,072,053 12,805,170
(Millions of yen)
FY2011
As of March 31, 2012
FY2012
As of March 31, 2013
Assets
Current assets
Cash on hand and in banks 765,423 690,817
Trade notes and accounts receivable 820,008 712,165
Sales finance receivables 3,210,342 4,161,925
Securities 77,476 107,651
Merchandise and finished goods 665,262 711,402
Work in process 153,228 104,259
Raw materials and supplies 200,476 309,460
Deferred tax assets 266,540 244,133
Other 506,947 608,588
Allowance for doubtful accounts (55,630) (53,296)
Total current assets 6,610,072 7,597,104
Fixed assets
Property, plant and equipment
Buildings and structures, net 615,921 641,915
Machinery, equipment and vehicles, net 1,874,277 2,326,711
Land 649,509 644,656
Construction in progress 255,333 313,243
Other, net 336,206 436,088
Total property, plant and equipment 3,731,246 4,362,613
Intangible fixed assets 120,114 121,698
Investments and other assets
Investment securities 371,259 448,862
Long-term loans receivable 5,617 13,111
Deferred tax assets 92,378 103,200
Other 144,605 161,296
Allowance for doubtful accounts (3,238) (2,714)
Total investments and other assets 610,621 723,755
Total fixed assets 4,461,981 5,208,066
Total assets 11,072,053 12,805,170
27
NISSAN MOTOR COMPANY ANNUAL REPORT 2013
PERFORMANCE
NISSAN POWER 88
CORPORATE GOVERNANCE
CONTENTS
MANAGEMENT MESSAGES
CORPORATE FACE TIME
NISSAN POWER 88