Panasonic 2006 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2006 Panasonic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

50 Matsushita Electric Industrial Co., Ltd. 2006
10,000
7,500
5,000
2,500
0
2002 2003 2004 2005 2006
Total Assets and Stockholders’ Equity
Billions of yen
Total Assets Stockholders’ Equity
450
300
150
02002 2003 2004 2005 2006
Capital Investment and Depreciation
Billions of yen
Capital Investment Depreciation
Financial Position and Liquidity
Total Assets, Liabilities and Shareholders’ Equity
The Company’s consolidated total assets as of March
31, 2006 decreased ¥92.3 billion to ¥7,964.6 billion
($68,074 million), as compared to ¥8,056.9 billion at
the end of the last fiscal year.
The Company’s consolidated total liabilities as of
March 31, 2006 also decreased ¥341.3 billion to
¥3,675.4 billion ($31,414 million), attributable to a
decrease in retirement and severance benefits as well as
repayments of borrowings and bonds in certain
subsidiaries.
Minority interests increased ¥5.7 billion to ¥501.6
billion ($4,287 million).
Stockholders’ equity increased ¥243.3 billion to
¥3,787.6 billion ($32,373 million), from the previous
year’s ¥3,544.3 billion. Although stockholders’ equity
decreased by ¥87.0 billion due to the repurchase of the
Company’s own shares as part of Matsushita’s strategy to
enhance shareholder value, total stockholders’ equity
increased due mainly to an increase of ¥114.8 billion in
retained earnings and a decrease of ¥212.3 billion in
accumulated other comprehensive loss, which reflects
improved cumulative translation adjustments, unrealized
holding gains of available-for-sale securities and mini-
mum pension liability adjustments, as mentioned above.
Profit Distribution
During fiscal 2006, the Company distributed an
interim (semiannual) cash dividend of ¥10 per com-
mon share. As for the year-end dividend for fiscal 2006,
the Company decided, with shareholders’ approval, to
distribute ¥10 per common share. Accordingly, total
dividends for fiscal 2006, including the interim divi-
dend, were ¥20 per common share.
Capital Investment and Depreciation**
Capital investment (excluding intangibles) during fiscal
2006 totaled ¥345.8 billion ($2,956 million), down 8%
from the previous fiscal year’s total of ¥374.3 billion.
The Company implemented capital investment primar-
ily to increase production capacity in strategic busi-
nesses that are expected to drive future growth, such as
semiconductors and digital AV equipment, particularly
plasma TVs, while at the same time curbing capital
investment in a number of business areas, in line with
increasing management emphasis on capital efficiency.
Depreciation (excluding intangibles) during the fis-
cal year amounted to ¥275.2 billion ($2,352 million),
compared with ¥287.4 billion in the previous fiscal
year, as a result of the above-mentioned decrease in
overall capital investment.