Suzuki 1998 Annual Report Download

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Table of contents

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    ...SUZUKI MOTOR CORPORATION Consolidated Millions of yen (Note A) (except per share amounts) Years ended 31st March 1998...share amounts) Years ended 31st March 1998 1997 1996 1995 1994 Net sales ...$11,270,139 $11,373,390...have been translated into U. S. dollars, for convenience only, at ¥132.10...

  • Page 16
    ... (Note B) (except per share amounts) Years ended 31st March 1998 1997 $8,948,686 85,940 0.192 0.190 0.064 1,830,...064 1,773,088 3,047,918 5,230,595 347,129 323,257 1995 1994 Net sales ...$8,926,090 Net income ...72,...been translated into U. S. dollars, for convenience only, at ¥132.10=US...

  • Page 17
    CONSOLIDATED FINANCIAL STATEMENTS OF 1998 CONSOLIDATED BALANCE SHEETS As of 31st March, 1998 and 1997 Millions of yen Thousands of U.S. dollars SUZUKI MOTOR CORPORATION AND CONSOLIDATED SUBSIDIARIES 1998 1997 1998 ASSETS Current assets: Cash and time deposits ...Short-term investments (Note ...

  • Page 18
    ... Issued, par value ¥50 per share as of 31st March, 1998-448,960,125 ...as of 31st March, 1997-448,956,853 ...Additional paid-in capital ...Legal reserve ...Retained earnings (Note 11)...Less treasury stock, at cost ... 64,156 - 70,852 9,296 230,262 (1) 374,566 ¥1,037,280 - 64,155 70,851 8,135...

  • Page 19
    ... 1998 and 1997 SUZUKI MOTOR CORPORATION AND CONSOLIDATED SUBSIDIARIES Millions of yen Thousands of U.S. dollars 1998 ¥1,488,785 1,133,128 355,657 299,048 56,608 1997 ¥1,502,424 1,154,184 348,240 280,138 68,101 1998 $11,270,139 8,577,807 2,692,332 2,263,803 428,529 Net sales ...Cost of sales...

  • Page 20
    ... SHAREHOLDERS' EQUITY Years ended 31st March, 1998 and 1997 SUZUKI MOTOR CORPORATION AND CONSOLIDATED SUBSIDIARIES Thousands of shares of common Common stock stock Millions of yen Additional paid-in capital Legal reserve Retained earnings Treasury stock at cost Balance as of 1st April, 1996 Net...

  • Page 21
    ...the equity method is, as a rule, amortized over a period of five years after appropriate adjustments. (b)Foreign currency translations Current receivables and payables in foreign currencies of domestic companies are translated into Japanese yen at the exchange rates as of the balance sheet date, and...

  • Page 22
    ...Leases Finance lease transactions, except for those which meet the conditions that the ownership of the lease... rule of directors and statutory auditors at the balance sheet ...reported amounts have been made to conform with current classifications. 3. Inventories Inventories as of 31st March, 1998...

  • Page 23
    ...Short-term bank loans and long-term debt Short-term bank loans were generally represented by short-term notes and/or bank overdrafts. The annual interest rates as of 31st March, 1998 were 0.75 per cent to 26.0 per cent. Short-term... ¥55,138 (22,393) ¥32,745 $ 1998 3,414 95,751 - - 20,000 2,068 ...

  • Page 24
    .... 6. Lease transactions Finance lease transactions, except for those which meet the conditions that the ownership of the leased assets is substantially transferred to the lessee,as of 31st March, 1998 were as follows: Millions of yen Thousands of U.S. dollars 1998 Future lease payments Within one...

  • Page 25
    ... dollars 1998 Future lease payments Within one year ...More than one year ...¥ 255 1,101 1,357 1997 - - - 1998 $ 1,933 8,340 10,274 Future lease revenues Within one year ...More than one year ... 32 102 ¥ 135 - - - 246 779 $ 1,025 7. Shareholders' equity Under the Commercial Code of Japan...

  • Page 26
    ... assets ...¥ 639,184 ¥ 144,060 ¥226,387 ¥1,009,631 Thousands of U.S. dollars 1998 Japan Europe Other areas Elimination and others Consolidated $11,270,139 - 11,270,139 10,841,610 $ 428,529 Net sales: Outside customers ...$8,094,779 $1,670,944 $1,504,416 $ - Inter-area ...1,609,494...

  • Page 27
    ...11,270,139 Percentage of such sales against consolidated net sales ..."Other areas" consists principally of Oceania and Central America. 52.3% 11.Subsequent events The following plan for the appropriation of retained earnings for the year ended 31st March, 1998 was approved by the ordinary general...

  • Page 28
    ...have examined the accompanying consolidated balance sheets of Suzuki Motor Corporation and its consolidated subsidiaries as of 31st March, 1997 and 1998, and the related consolidated statements of income and earnings for the years then ended, all expressed in Japanese yen. Our examinations were made...

  • Page 29
    NON-CONSOLIDATED FINANCIAL STATEMENTS OF 1998 NON-CONSOLIDATED BALANCE SHEETS As of 31st March, 1998 and 1997 Millions of yen Thousands of U.S. dollars SUZUKI MOTOR CORPORATION 1998 ASSETS Current assets: Cash and time deposits ...Short-term investments ...Receivables: Trade notes and accounts ...

  • Page 30
    ... 1998 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term bank loans ...Current portion of long-term ...50 per share as of 31st March, 1998-448,960,125 ...as of 31st March, 1997-448,956,853 ...Additional paid-in capital ...Legal reserve ...Retained earnings ... 64,156 - 70,583 6,837...

  • Page 31
    NON-CONSOLIDATED STATEMENTS OF INCOME Years ended 31st March, 1998 and 1997 SUZUKI MOTOR CORPORATION Millions of yen Thousands of U.S. dollars 1998 Net sales ...Cost of sales ...Gross profit ...Selling, general and administrative expenses ...Operating income ...Other income : Interest and ...

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