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Annual Report 2013 55
Collateral asset and liabilities of the collateral as of March 31, 2011, 2012 and 2013 were as follows:
(1) Collateral Assets
(2) Liabilities of the Collateral
meeting, legal earnings reserve and additional paid-in capital
may be transferred to other retained earnings and capital sur-
plus, respectively, which are potentially available for dividends.
The maximum amount that the Company can distribute as
dividends is calculated based on the nonconsolidated financial
statements of the Company in accordance with the Law.
Year end cash dividends are approved by the shareholders
after the end of each fiscal year, and semiannual interim cash
dividends are declared by the Board of Directors after the end
of each interim six-month period. Such dividends are payable
to shareholders of record at the end of each fiscal year or in-
terim six-month period. In accordance with the Law, final cash
dividends and the related appropriations of retained earnings
have not been reflected in the financial statements at the end
of such fiscal year. However, cash dividends per share shown in
the accompanying consolidated statements of operations reflect
dividends applicable to the respective period.
At the annual shareholders’ meeting held on June 25, 2013, a
resolution of no dividend to shareholders of record as of March
31, 2013 was approved.
10. Collateral Assets and Liabilities of the Collateral
Financial Section
Yen
(millions)
U.S. Dollars
(thousands)
2011 2012 2013 2013
Restricted cash ¥ 5,725 ¥ 212 ¥ 316 $ 3,398
Notes and account receivable
Trade — 1,732 74,604 802,193
Nonconsolidated subsidiaries and affiliates — — 4,518 48,581
Inventories — 1,249 188,868 2,030,839
Other current assets — — 19,212 206,581
Land — — 88,032 946,580
Buildings and structures — — 237,285 2,551,451
Machinery and equipment — — 40,290 433,226
Investments in securities — — 42,316 455,011
Investments in nonconsolidated subsidiaries
and affiliates — 7,798 2,684 28,860
Other assets 6,486 8,412 — —
¥ 12,211 ¥ 19,403 ¥ 698,125 $ 7,506,720
Yen
(millions)
U.S. Dollars
(thousands)
2011 2012 2013 2013
Short-term borrowings ¥ 0 ¥ 1,275 ¥ 333,183 $ 3,582,613
Long-term debt 7,574 2,378 2,613 28,097
¥ 7,574 ¥ 3,653 ¥ 335,796 $ 3,610,710