Sharp 2009 Annual Report Download - page 43

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
Current liabilities decreased by ¥241,402 million over the
prior year to ¥1,189,969 million. Short-term borrowings
increased by ¥81,445 million to ¥405,773 million. Of this
amount, bank loans decreased by ¥58,794 million to
¥61,345 million, commercial paper increased by ¥177,258
million to ¥335,426 million and current portion of long-
term debt decreased by ¥37,172 million to ¥8,839 million.
Notes and accounts payable were ¥552,485 million, a
decrease of ¥273,025 million.
Long-term liabilities increased ¥50,337 million to
¥450,305 million. This was due mainly to an increase of
¥44,548 million in long-term debt.
Interest-bearing debt was ¥829,751 million, up
¥125,840 million.

Retained earnings decreased by ¥151,463 million over the
prior year to ¥664,924 million. Foreign currency translation
adjustments generated a loss of ¥28,041 million due to
variation in the exchange rate. As a result, net assets
amounted to ¥1,048,447 million, down ¥193,421 million.
The equity ratio was 38.6 %.

Cash and cash equivalents at the end of the year were
¥317,358 million, a decrease of ¥21,908 million over the
prior year as payments in investing activities associated
with capital investments exceeded proceeds from operat-
ing activities and financing activities.
Net cash provided by operating activities decreased
by ¥298,329 million to ¥25,435 million. This was due
mainly to an increase in the loss on valuation of invest-
ment securities of ¥49,181 million, despite a turnaround
from an income before income taxes and minority inter-
ests of ¥162,240 million recorded in the prior year to a
loss before income taxes and minority interests of
¥204,139 million.
Net cash used in investing activities amounted to
¥222,229 million, a decrease of ¥172,733 million. The pri-
mary factor was a decrease of ¥125,126 million in acquisi-
tions of plant and equipment and a decrease of ¥49,490
million in purchase of investments in securities and invest-
ments in nonconsolidated subsidiaries and affiliates.
Net cash provided by financing activities totaled
¥186,229 million, up ¥102,135 million. This was due
mainly to a decrease of ¥86,963 million in repayments of
long-term debt and an increase of ¥35,022 million in
increase in short-term borrowings, net.
Interest-Bearing Debt
(billions of yen)
Equity Ratio
(%)
Cash and Cash Equivalents
(billions of yen)
900
600
300
07
0
08 090605
07 08 090605
50.0
40.0
30.0
20.0
10.0
0.0
400
300
200
100
07
0
08 090605
