Oki 2001 Annual Report Download - page 20

Oki Electric Industry Co., Ltd. Annual Report 2001
18
Thousands of
Millions of yen U.S. dollars (Note 2)
ASSETS 2001 2000 2001
Current assets:
Cash and cash equivalents .............................................................................................................. ¥(052,885 ¥ (066,776 $0,426,498
Time deposits .................................................................................................................................. 210 5,204 1,699
Marketable securities (Notes 1(m) and 3) ...................................................................................... 3,680 64,063 29,681
Notes and accounts receivable:
Unconsolidated subsidiaries and affiliates ............................................................................... 31,444 27,113 253,588
Other .......................................................................................................................................... 173,016 158,228 1,395,296
Less: Allowance for doubtful receivables ................................................................................ (1,597) (2,487) (12,881)
Inventories (Note 4) ........................................................................................................................ 155,963 140,644 1,257,767
Other current assets ......................................................................................................................... 17,636 21,906 142,227
Total current assets ................................................................................................................. 433,240 481,450 3,493,877
Investments and long-term receivables:
Investments in and advances to unconsolidated subsidiaries and affiliates (Note 5) ................... 9,708 9,047 78,293
Other investments in securities (Notes 1(m) and 3) ...................................................................... 64,595 16,141 520,928
Other long-term receivables ........................................................................................................... 1,657 3,021 13,369
Total investments and long-term receivables ...................................................................... 75,961 28,210 612,591
Property, plant and equipment (Note 10):
Land ................................................................................................................................................. 20,770 20,673 167,503
Buildings ......................................................................................................................................... 137,478 136,381 1,108,697
Machinery and equipment .............................................................................................................. 552,579 533,576 4,456,286
Construction in progress ................................................................................................................. 432 326 3,485
................................................................................................................................................... 711,260 690,957 5,735,972
Less: Accumulated depreciation ..................................................................................................... (534,528) (520,549) (4,310,715)
Property, plant and equipment, net...................................................................................... 176,731 170,408 1,425,257
Other assets .................................................................................................................................... 46,548 58,202 375,395
Translation adjustments (Note 1(m)) .......................................................................................... —10,160 —
Total assets ............................................................................................................................... ¥(732,483 ¥(748,432 $(5,907,121
Thousands of
Millions of yen U.S. dollars (Note 2)
LIABILITIES AND SHAREHOLDERS’ EQUITY 2001 2000 2001
Current liabilities:
Short-term borrowings (Note 6) ..................................................................................................... ¥(117,043 ¥(124,535 $(0,943,896
Current portion of long-term debt (Note 6) .................................................................................... 42,789 38,166 345,072
Notes and accounts payable:
Unconsolidated subsidiaries and affiliates ............................................................................... 10,074 11,146 81,243
Other .......................................................................................................................................... 109,426 93,504 882,470
Accrued income taxes ..................................................................................................................... 2,714 1,358 21,887
Other accrued expenses .................................................................................................................. 47,331 44,597 381,705
Other current liabilities ................................................................................................................... 22,199 13,156 179,031
Total current liabilities ........................................................................................................... 351,578 326,465 2,835,309
Long-term liabilities:
Long-term debt (Note 6) ................................................................................................................. 196,841 255,669 1,587,430
Retirement benefits (Note 7) .......................................................................................................... 24,517 16,591 197,717
Other long-term liabilities .............................................................................................................. 5,319 998 42,900
Total long-term liabilities ....................................................................................................... 226,678 273,258 1,828,048
Minority interests in consolidated subsidiaries ......................................................................... 5,381 6,144 43,401
Shareholders’ equity:
Common stock, ¥50 par value;
Authorized—2,400,000,000 shares
Issued—612,221,797 shares ..................................................................................................... 67,862 67,862 547,277
Additional paid-in capital ............................................................................................................... 71,150 71,150 573,797
Special reserves (Note 9) ................................................................................................................ 9,833 11,587 79,300
Retained earnings (accumulated deficit) (Note 9) ......................................................................... 2,398 (8,036) 19,342
Net unrealized holding gains on other securities (Note 1(e)) ........................................................ 4,367 —35,223
Translation adjustments (Note 1(m)).............................................................................................. (6,767) —(54,575)
Less: Treasury common stock, at cost—781 shares in 2001 and 2,464 shares in 2000 ................. (0) (1) (3)
Total shareholders’ equity...................................................................................................... 148,844 142,563 1,200,362
Contingent liabilities (Note 14)
Total liabilities and shareholders’ equity ............................................................................. ¥(732,483 ¥(748,432 $(5,907,121
The accompanying notes are an integral part of these statements.
CONSOLIDATED BALANCE SHEETS
Oki Electric Industry Co., Ltd., and consolidated subsidiaries
March 31, 2001 and 2000