Square Enix 2004 Annual Report Download - page 32

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30 SQUARE ENIX 2004
5. Valuation of Assets and Liabilities of Consolidated
Subsidiaries
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
All assets and liabilities of consolidated subsidiaries are revalued on acquisi-
tion.
SQUARE
All assets and liabilities of consolidated subsidiaries are revalued on acquisi-
tion
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
All assets and liabilities of consolidated subsidiaries are revalued on acquisi-
tion.
6. Amortization of Goodwill
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
The excess of cost over the underlying net assets (“Goodwill”) is charged to
income as immaterial.
SQUARE
Goodwill is charged to income.
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
Goodwill is amortized over a period of three years on a straight-line basis.
7. Appropriation of Retained Earnings
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
The consolidated statement of capital surplus retained earnings is prepared
based on earnings (deficit) appropriations determined during the fiscal
year.
SQUARE
The consolidated statement of capital surplus retained earnings is prepared
based on earnings (deficit) appropriations determined during the fiscal
year.
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
The consolidated statement of capital surplus retained earnings is prepared
based on earnings (deficit) appropriations determined during the fiscal
year.
8. Scope of Cash and Cash Equivalents in the Statements of
Cash Flows
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
Cash and cash equivalents in the consolidated statements of cash flows is
comprised of cash on hand, bank deposits which are able to be withdrawn
on demand and highly liquid short-term investments with an original
maturity of three months or less and with minor risk of significant fluctua-
tions in value.
SQUARE
Cash and cash equivalents in the consolidated statements of cash flows is
comprised of cash on hand, bank deposits which are able to be withdrawn
on demand and highly liquid short-term investments with an original
maturity of three months or less and with minor risk of significant fluctua-
tions in value.
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
Cash and cash equivalents in the consolidated statements of cash flows is
comprised of cash on hand, bank deposits which are able to be withdrawn
on demand and highly liquid short-term investments with an original
maturity of three months or less and with minor risk of significant fluctua-
tions in value.
Reclassifications
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
—
SQUARE
(Statements of cash flows)
Cash flows from operating activities:
“Increase (decrease) in accounts payable- other”, which was included in
“Other” in the previous year, is presented separately in the current year as
the amount became material. In addition, “Foreign exchange gain (loss)”,
which was presented separately in the previous year, is included in “Other”
as the amount became immaterial.