Square Enix 2009 Annual Report Download - page 20

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Total current liabilities increased by ¥395 million to ¥23,477 million.
Major changes within this included an increase in accrued corporate
taxes from ¥763 million to ¥3,239 million; an increase in allowance
for sales returns from ¥1,135 million to ¥1,598 million; a decrease
in other accounts payable from ¥3,912 million to ¥2,884 million; a
decrease in accrued expenses from ¥1,859 million to ¥1,503 million;
a decrease in allowance for bonus from ¥1,802 million to ¥1,413
million; and a decrease in advance payments received from ¥1,145
million to ¥563 million.
Non-Current Liabilities
Millions of yen
March 31 2008 2009 Change
¥40,858 ¥40,992 ¥134
Total non-current liabilities increased by ¥134 million to ¥40,992
million due to an increase in allowance for employees’ retirement
benefits.
Shareholders’ Equity/Net Assets
Millions of yen
March 31 2008 2009 Change
Common stock ¥ 14,928 ¥ 15,134 ¥ 206
Capital surplus 44,169 44,375 206
Retained earnings 90,295 93,220 2,925
Treasury stock (841) (852) (11)
Total shareholders’ equity 148,552 151,879 3,327
Unrealized gain on
revaluation of other
investment securities (12) (71) (59)
Foreign currency
translation adjustments (1,504) (4,488) (2,984)
Total valuation and
translation adjustments (1,517) (4,560) (3,043)
Stock acquisition rights 81 410 329
Minority interests in
consolidated subsidiaries 1,077 995 (82)
Total net assets ¥148,193 ¥148,724 ¥ 531
As of March 31, 2009, total shareholders’ equity amounted to
¥151,879 million, an increase of ¥3,327 million compared with the
previous fiscal year-end. Common stock and capital surplus increased
owing to the exercise of stock options (stock acquisition rights).
Intangible Assets
Millions of yen
March 31 2008 2009 Change
¥20,024 ¥18,697 ¥(1,327)
Total intangible assets decreased by ¥1,327 million to ¥18,697
million, primarily due to amortization of goodwill.
The Company amortizes goodwill relating to its acquisition
and subsequent inclusion in the TAITO CORPORATION ’s scope of
consolidation in September 2005 using the straight-line method
over a period of 20 years.
In the fiscal year ended March 31, 2009, the Company recorded
¥1,104 million in goodwill amortization. As of March 31, 2009, the
balance of remaining goodwill within intangible assets was ¥18,697
million.
Investments and Other Assets
Millions of yen
March 31 2008 2009 Change
¥16,440 ¥17,027 ¥587
Total investments and other assets increased by ¥587 million to
¥17,027 million. Significant items within this included a decrease in
rental deposits, and an increase in investment securities from ¥656
million to ¥2,063 million.
The decrease in rental deposits was primarily due to the closure
of unprofitable amusement facilities in the Amusement business. The
increase in investment securities was attributable to the purchase of
shares of Eidos plc through the stock market by means of a scheme
of arrangement under the laws of England and Wales. Subsequently,
on April 22, 2009, the Company completed its acquisition of Eidos.
Liabilities
Total Liabilities
Millions of yen
March 31 2008 2009 Change
¥63,940 ¥64,469 ¥529
As of March 31, 2009, total liabilities amounted to ¥64,469 million,
an increase of ¥529 million compared with the previous fiscal year-
end. The main factors contributing to this change were as follows.
Current Liabilities
Millions of yen
March 31 2008 2009 Change
¥23,082 ¥23,477 ¥395
Management’s Discussion and Analysis of Operating Results and Financial Position (JPNGAAP)
18