Oki 2000 Annual Report Download - page 13

11
Oki Electric Industry Company, Limited and consolidated subsidiaries
March 31, 2000 and 1999
Thousands of
Millions of yen U.S. dollars (Note 2)
ASSETS 2000 1999 2000
Current assets:
Cash and cash equivalents ............................................................................................................... ¥ (66,776 ¥091,423 $0,629,967
Time deposits .................................................................................................................................... 5,204 5,206 49,098
Marketable securities (Note 3) .......................................................................................................... 64,063 63,916 604,368
Notes and accounts receivable:
Unconsolidated subsidiaries and affiliates ................................................................................... 27,113 28,020 255,792
Other .............................................................................................................................................. 158,228 162,934 1,492,723
Less: Allowance for doubtful receivables ..................................................................................... (2,487) (1,610) (23,465)
Inventories (Note 4) ........................................................................................................................... 140,644 163,892 1,326,836
Other current assets .......................................................................................................................... 21,906 14,562 206,666
Total current assets ................................................................................................................. 481,450 528,346 4,541,987
Investments and long-term receivables:
Investments in and advances to unconsolidated
subsidiaries and affiliates (Note 5) ................................................................................................. 9,047 13,128 85,357
Other investments in securities (Note 6)........................................................................................... 16,141 14,519 152,275
Other long-term receivables ............................................................................................................. 3,021 2,247 28,501
Total investments and long-term receivables ...................................................................... 28,210 29,895 266,135
Property, plant and equipment (Note 10):
Land ................................................................................................................................................... 20,673 20,899 195,033
Buildings ............................................................................................................................................ 136,381 135,347 1,286,619
Machinery and equipment ................................................................................................................ 533,576 541,443 5,033,741
Construction in progress................................................................................................................... 326 498 3,076
............................................................................................................................................... 690,957 698,188 6,518,470
Less: Accumulated depreciation ..................................................................................................... (520,549) (518,640) (4,910,841)
Property, plant and equipment, net ....................................................................................... 170,408 179,548 1,607,629
Other assets ..................................................................................................................................... 58,202 53,839 549,076
Translation adjustments ................................................................................................................. 10,160 8,265 95,852
Total assets ............................................................................................................................... ¥748,432 ¥799,894 $7,060,681
Thousands of
Millions of yen U.S. dollars (Note 2)
LIABILITIES AND SHAREHOLDERS’ EQUITY 2000 1999 2000
Current liabilities:
Short-term borrowings (Note 7) ........................................................................................................ ¥124,535 ¥146,596 $1,174,866
Current portion of long-term debt (Note 7) ......................................................................................38,166 33,460 360,063
Notes and accounts payable:
Unconsolidated subsidiaries and affiliates ................................................................................... 11,146 11,944 105,158
Other .............................................................................................................................................. 93,504 89,401 882,114
Accrued income taxes ...................................................................................................................... 1,358 1,289 12,812
Other accrued expenses ................................................................................................................... 44,597 47,967 420,732
Other current liabilities ...................................................................................................................... 13,156 13,855 124,116
Total current liabilities ............................................................................................................. 326,465 344,514 3,079,862
Long-term liabilities:
Long-term debt (Note 7) ................................................................................................................... 255,669 290,595 2,411,973
Severance indemnities ...................................................................................................................... 16,591 16,922 156,522
Other long-term liabilities .................................................................................................................. 998 657 9,418
Total long-term liabilities ........................................................................................................ 273,258 308,175 2,577,914
Minority interests in consolidated subsidiaries ........................................................................... 6,144 5,924 57,969
Shareholders’ equity:
Common stock, ¥50 par value;
Authorized—2,400,000,000 shares
Issued—612,221,797 shares in 2000 and 612,188,410 shares in 1999 ...................................... 67,862 67,849 640,210
Additional paid-in capital .................................................................................................................. 71,150 71,138 671,235
Special reserves (Note 9) .................................................................................................................. 11,587 13,436 109,316
Accumulated deficit .......................................................................................................................... (8,036) (11,142) (75,811)
Less: Treasury common stock, at cost—2,464 shares in 2000
and 3,321 shares in 1999 .................................................................................................................. (1) (1) (16)
Total shareholders’ equity ...................................................................................................... 142,563 141,279 1,344,934
Contingent liabilities (Note 15)
Total liabilities and shareholders’ equity .............................................................................. ¥748,432 ¥799,894 $7,060,681
The accompanying notes are an integral part of these statements.
CONSOLIDATED BALANCE SHEETS