Square Enix 2004 Annual Report Download - page 50

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48 SQUARE ENIX 2004
Amount
Category Millions of Yen
ASSETS
Current Assets 36,490
Cash and deposits 16,931
Accounts receivable 11,438
Manufactured goods 45
Merchandise 11
Contents production account 3,402
Supplies 77
Prepaid expenses 375
Accounts receivable—other 483
Accrued tax 537
Deferred tax assets 2,980
Other current assets 217
Allowance for doubtful accounts (10)
Fixed assets 14,370
Property, plant and equipment 3,759
Buildings and structures 621
Machinery and equipment 2,663
Land 421
Construction work in progress 53
Intangible assets 1,027
Goodwill 250
Trademarks 45
Telephone subscription rights 6
Software 636
Software production account 88
Investments and other assets 9,584
Investment securities 1,345
Shares in subsidiary companies 3,376
Long-term loans receivable 4
Long-term prepaid expenses 5
Investment in partnerships 560
Leasehold deposits 590
Deferred tax assets 3,383
Other investments 316
Allowance for doubtful accounts (0)
Total assets 50,860
Amount
Category Millions of Yen
LIABILITIES
Current liabilities 13,489
Accounts payable 1,717
Current portion 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 return 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
Note: Amounts less than one million yen have been omitted.
(5) The following individuals were appointed as directors and auditors of
the Company subsequent to the merger:
Directors:
Yoichi Wada, Hisashi Suzuki, Makoto Naruke
Auditors:
Hiroshi Nakamura, Toshio Maekawa, Tamotsu Iba, Kenichi Yahagi
Directors and auditors of the Company and their respective positions at the
Company as of April 1, 2003 were as follows:
Position within the Company Name
Chairman and representative director Yasuhiro Fukushima
President and representative director Yoichi Wada
Executive Vice President and representative director Keiji Honda
Director Yukinobu Chida
Director Hisashi Suzuki
Director Makoto Naruke
Standing auditor Hiroshi Nakamura
Auditor Toshio Maekawa
Auditor Tamotsu Iba
Auditor Kenichi Yahagi
1. Makoto Naruke is an external director appointed to the Company in
accordance with Article 188.2 of the Commercial Code of Japan
2. Tamotsu Iba and Kenichi Yahagi are external auditors as stipulated in
Article 18.1 of the Law Concerning Exceptional Measures to the
Commercial law with respect to Auditing, etc., of Corporations
SQUARE
Merger with ENIX
A merger agreement between SQUARE and ENIX was approved at each
company’s extraordinary shareholders’ meeting held on February 13, 2003.
The merger between the two companies was completed on April 1, 2003,
and a new company, SQUARE ENIX was formed. ENIX acquired all
assets, assumed all liabilities and obligations of the two companies.