Square Enix 2004 Annual Report Download - page 34

32 SQUARE ENIX 2004
Amount
Category Millions of Yen
LIABILITIES
Current liabilities 13,489
Accounts payable-trade 1,717
Current portion of long-term debt 22
Accounts payable—other 2,808
Payable due to merger 4,153
Income taxes payable 4
Consumption tax payable 422
Accrued expenses 1,248
Advances received 594
Deposits received 83
Reserve for bonuses 463
Allowance for sales returns 893
Reserve for relocation-related costs 1,074
Other current liabilities 3
Long-term liabilities 359
Long-term debt 18
Long-term deposits received 39
Reserve for retirement benefits 301
Total Liabilities 13,848
Net worth 37,012
Notes to Consolidated Balance Sheets
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
1. Investment in non-cosolidated subsidiaries and affiliates
¥1,257 million
2. Number of shares of common stock outstanding 58,778,325 shares
3. Number of shares of treasury stock 36,716 shares
4. —
5. —
6. —
SQUARE
1. Investment in non-consolidated subsidiaries and affiliates
Investment securities ¥ 726 million
Investments and other assets ¥ 29 million
2.
Number of shares of common stock outstanding 60,192,791 shares
Number of shares of treasury stock 4,025 shares
3. —
4. Accounting for consumption tax
Accrued consumption tax is included in other current liabilities
5. Contingent liabilities for guarantees
(1) SQUARE has issued a joint-and-several guarantee for transactions
undertaken by affiliated company Digicube Co., Ltd., listed on the
Hercules market of Osaka Securities Exchange, with 7-Eleven Japan
Co., Ltd. As of March 31, 2003 there were no claims made under the
subject guarantee.
(2) SQUARE has issued a revolving guarantee to a maximum limit of
U.S.$15 million on behalf of a consolidated subsidiary SQUARE
ELECTRONICS ARTS L.L.C. in favor of SONY COMPUTER
ENTERTAINMENT AMERICA INC. As of March 31, 2003 there
were no claims made under the subject guarantee.
6. Overdraft Agreement and Commitment Line of Credit
SQUARE and a consolidated subsidiary SQUARE EUROPE LTD. has
contracted overdraft and line of credit with four of its principal bankers.
Under the agreement the four principal bankers will provide SQUARE
and SQUARE EUROPE LTD. with an overdraft limit and a commit-
ment line of credit to assist both companies in their working capital
needs. There was no balance outstanding under the overdraft account or
the commitment line of credit.
Limit of overdraft and commitment line of credit ¥24,389 million
(including 3 million euro)
Fiscal year under review (April 1, 2003 to March 31, 2004)
The Company
1. Investment in non-consolidated subsidiaries and affiliates
Investment securities ¥ 341 million
Investments and other assets ¥ 4 million
2. Number of shares of common stock outstanding 110,130,418 shares
3. Number of shares of treasury stock 99,539 shares
4. —
5. Contingent liabilities for guarantees
(1) —
(2) The Company has issued a revolving guarantee to a maximum limit
of U.S.$15 million on behalf of a consolidated subsidiary SQUARE
ELECTRONICS ARTS L.L.C. in favor of SONY COMPUTER
ENTERTAINMENT AMERICA INC. As of March 31, 2004 the
liability outstanding under the guarantee was U.S.$ 432,000 (¥45 mil-
lion).
Notes to Consolidated Statements of Income
Previous fiscal year (April 1, 2002 to March 31, 2003)
ENIX
1. —
2. Selling, general and administrative expenses and Cost of sales include
research and development cost of ¥3,407 million.
3. —
4. —
5. Loss on disposal of property and equipment
Machinery and equipment ¥45 million
6. Loss on investment securities is due to the significant decline in market
prices of marketable securities.