Olympus 2014 Annual Report Download - page 36

Millions of yen
Thousands of
U.S. dollars (Note 1)
2013 2014 2014
ASSETS
CURRENT ASSETS:
Cash and deposits (Notes 4, 17 and 26) ¥ 229,610 ¥ 252,121 $ 2,447,777
Notes and accounts receivable (Notes 4 and 6) 125,231 132,233 1,283,816
Allowance for doubtful accounts (3,297) (3,386) (32,874)
Lease receivables and leased investment assets (Notes 17 and 28) 21,777 23,454 227,709
Inventories (Note 7) 99,307 98,595 957,233
Deferred income taxes (Note 14) 25,087 35,925 348,786
Other current assets 43,322 37,570 364,757
Total current assets 541,037 576,512 5,597,204
PROPERTY, PLANT AND EQUIPMENT:
Land 15,172 15,561 151,078
Buildings and structures (Note 17) 127,908 126,026 1,223,553
Machinery and equipment (Note 17) 229,828 244,330 2,372,136
Leased assets 11,523 13,086 127,049
Construction in progress 1,853 1,550 15,049
386,284 400,553 3,888,864
Less-Accumulated depreciation (256,482) (265,113) (2,573,913)
Net property, plant and equipment 129,802 135,440 1,314,951
INVESTMENTS AND OTHER ASSETS:
Investment securities (Notes 4 and 5) 48,614 56,076 544,427
Deferred income taxes (Note 14) 9,581 12,247 118,903
Goodwill 106,346 106,850 1,037,379
Net defi ned benefi t assets (Note 11) — 28,217 273,951
Other assets (Notes 17 and 28) 133,320 122,096 1,185,398
Allowance for doubtful accounts (Note 12) (8,461) (9,963) (96,728)
Total investments and other assets 289,400 315,523 3,063,330
Total assets ¥ 960,239 ¥1,027,475 $ 9,975,485
See accompanying notes to consolidated fi nancial statements.
Millions of yen
Thousands of
U.S. dollars (Note 1)
2013 2014 2014
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES:
Short-term borrowings (Notes 4, 8 and 17) ¥ 39,637 ¥ 16,966 $ 164,718
Current maturities of long-term debt (Notes 4, 9 and 17) 97,873 52,051 505,350
Notes and accounts payable (Notes 4 and 10) 42,272 45,409 440,864
Other payables 31,221 28,871 280,301
Accrued expenses 67,676 73,738 715,883
Provision for warranty costs 7,513 8,937 86,767
Income taxes payable (Note 14) 12,622 13,403 130,126
Provision for loss on business liquidation — 4,683 45,466
Provision for loss on litigation — 11,000 106,796
Other current liabilities 18,046 21,250 206,311
Total current liabilities 316,860 276,306 2,682,582
NON-CURRENT LIABILITIES:
Long-term debt, less current maturities (Notes 4, 9 and 17) 422,880 346,814 3,367,126
Deferred income taxes (Note 14) 28,381 33,711 327,291
Provision for retirement benefi ts (Note 11) 28,393 — —
Liabilities for retirement benefi ts (Note 11) — 27,349 265,524
Provision for loss on business liquidation 145 — —
Other non-current liabilities 11,673 12,011 116,612
Total non-current liabilities 491,472 419,985 4,076,553
Total liabilities 808,332 696,191 6,759,135
CONTINGENT LIABILITIES (Note 16)
NET ASSETS (Note 15):
Common stock:
Authorized 1,000,000,000 shares
Issued 305,671,508 and 342,671,508 shares
as of March 31, 2013 and 2014, respectively 73,332 124,520 1,208,932
Capital surplus 79,788 131,871 1,280,301
Retained earnings 68,000 81,534 791,592
Treasury stock, at cost (11,255) (1,098) (10,660)
Total shareholders’ equity 209,865 336,827 3,270,165
Net unrealized holding gains on available-for-sale securities, net of taxes 6,295 11,836 114,913
Net unrealized gains (losses) on hedging derivatives, net of taxes 20 (1) (10)
Foreign currency translation adjustments (58,029) (13,411) (130,204)
Pension liability adjustments of foreign subsidiaries (9,546) — —
Retirement benefi ts liability adjustments — (5,732) (55,650)
Total accumulated other comprehensive income (61,260) (7,308) (70,951)
Stock acquisition rights — 115 1,117
Minority interests 3,302 1,650 16,019
Total net assets 151,907 331,284 3,216,350
Total liabilities and net assets ¥960,239 ¥1,027,475 $9,975,485
See accompanying notes to consolidated fi nancial statements.
Consolidated Balance Sheets
Olympus Corporation and Consolidated Subsidiaries
As of March 31, 2013 and 2014
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OLYMPUS Annual Report 2014
68 OLYMPUS Annual Report 2014