Pentax 2010 Annual Report Download - page 34

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Group Employees by Region
Financial Position
Total assets as of March 31, 2010 stood at ¥549,736 million, a ¥41,360 million or 7.0%
decrease compared with a year earlier. Current assets declined ¥39,218 million, or 10.2% year
on year, to ¥345,247 million. Within this, cash and cash equivalents were down ¥41,233 million
from a year earlier, to ¥173,307 million, while notes and accounts receivable-trade increased
¥10,738 million to ¥93,612 million and inventories (total of products, finished goods, work in
progress, materials and stored items) decreased ¥9,791 million to ¥61,466 million.
Non-current assets decreased ¥2,141 million, or 1.0%, from the previous fiscal year-end to
¥204,489 million, due in part to a decrease of ¥8,360 million in machinery and transportation
equipment.
Total liabilities were down ¥54,822 million from the previous fiscal year-end, to ¥198,264
million. Although notes and accounts payable-trade increased by ¥3,571 million, commercial
paper declined by ¥41,978 million and long-term debt (including long-term debt with current
maturities) declined by ¥8,983 million.
Total interest-bearing debt, including short-term loans, long-term debt with current maturities,
commercial paper, other long-term debt, and corporate bonds and other, amounted to ¥107,034
million, resulting in a 19.5% rate of leverage, an improvement of 7.5 percentage points from the
previous year.
Total equity rose ¥13,463 million year on year, to ¥351,472 million due to increases of ¥9,619
million in retained earnings, ¥3,026 million in treasury stock (less capital portion), and foreign
currency translation adjustments of ¥6,695 million. Owners' equity, total equity less stock
subscription rights and minority interests, amounted to ¥349,052 million, for an owners' equity
ratio of 63.5%, an improvement of 6.8 percentage points year on year.
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