Suzuki 1999 Annual Report Download

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Table of contents

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    FIVE-YEAR SUMMARY SUZUKI MOTOR CORPORATION Consolidated Millions of yen (except per share amounts) Thousands of U.S. dollars (except per share amounts) Years ended 31st March 1999 1998 1997 1996 1995 1999 Net sales ...¥1,455,832 ¥1,488,785 ¥1,502,424 ¥1,381,132 ¥1,258,285 $12,076,582 ...

  • Page 16
    ...CONSOLIDATED BALANCE SHEETS As of 31st March, 1999 and 1998 SUZUKI MOTOR CORPORATION AND CONSOLIDATED SUBSIDIARIES Millions of yen Thousands of U.S. dollars 1999 1998 1999 ASSETS Current assets: Cash and time deposits ...Short-term investments (Note 4) ...Receivables (Note 5): Trade notes and...

  • Page 17
    Millions of yen Thousands of U.S. dollars 1999 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Trade notes and accounts payable ...Short-term bank loans (Note 5) ...Commercial paper (Note 5) ...Current portion of long-term debt (Note 5) ...Accrued income taxes (Note 9) ...Accrued ...

  • Page 18
    ... STATEMENTS OF INCOME Years ended 31st March, 1999 and 1998 SUZUKI MOTOR CORPORATION AND CONSOLIDATED SUBSIDIARIES Millions of yen Thousands of U.S. dollars 1999 ¥1,455,832 1,119,776 336,056 288,794 47,261 1998 ¥1,488,785 1,133,128 355,657 299,757 55,899 1999 $12,076,582 9,288,892 2,787,689...

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    ...OF SHAREHOLDERS' EQUITY Years ended 31st March, 1999 and 1998 SUZUKI MOTOR CORPORATION AND CONSOLIDATED SUBSIDIARIES Thousands of shares...and statutory auditors' bonuses ...- Issue of common stock ...33,600 Conversion of convertible bonds ...764 Treasury stock acquired ...- Increase (decrease) ...

  • Page 20
    ...statutory auditors' bonuses ...Issue of common stock ...Conversion of convertible bonds ...Treasury stock acquired ...Increase ...(decrease) resulting from consolidation of additional subsidiaries and affiliates ...Balance as of 31st March, 1999 448,960 - - - 33,600 764 - $532,196 - - - 175,316...

  • Page 21
    ... consolidated financial statements of SUZUKI MOTOR CORPORATION (the Company...statements filed with the Ministry of Finance as required by the Securities and ...to U.S.$1, the rate of exchange prevailing as of 31st March, 1999. Consequently, the totals shown in the consolidated financial statements (both ...

  • Page 22
    ... deductible. Maintenance and repairs, including minor renewals and improvements, are charged to income as incurred. (f)Leases Finance lease transactions, except for those which meet the conditions that the ownership of the lease assets is substantially transferred to the lessee, are accounted for on...

  • Page 23
    ...reported amounts have been made to conform with current classifications. 3. Inventories Inventories as of 31st March, 1999...1999 $1,283,935 149,043 171,848 $1,604,828 4. Short-term investments and investments in securities Short-term investments and investments in securities as of 31st March, 1999...

  • Page 24
    ..., commercial paper and long-term debt Short-term bank loans were generally represented by short-term notes and/or bank overdrafts. The annual interest rates of short-term bank loans and commercial paper as of 31st March, 1999 were 0.15 per cent to 15.5 per cent. Short-term bank loans and commercial...

  • Page 25
    ... 1999, approximately 2,630,000 additional shares of common stock would be issued. As is customary in Japan, both short-term and long-term bank...and future indebtedness. 6. Lease transactions Finance lease transactions, except for those which meet the conditions that the ownership of the leased assets...

  • Page 26
    ...Operating lease transactions as of 31st March, 1999 were as follows: As a lessee Millions of yen Thousands of U.S. dollars 1999 Future lease payments Due within one year ...amount of ¥21,134 million by third-party alloment. Under the Commercial Code of Japan, at least 50 per cent. of the issue price ...

  • Page 27
    ...taxes arising from all of the timing differences between financial and tax reporting; (b) certain expenses which are not deductible for income tax purposes...motor business (included motorcycle business). In the fiscal years of both 1999 and 1998, motor business represented more than 90 per cent., all ...

  • Page 28
    ...¥ 55,899 ¥ 198,733 175 198,908 193,105 5,803 ¥ 691,324 ¥ 84,792 ¥ 75,983 ¥ 185,180 ¥1,037,280 Thousands of U.S. dollars 1999 Japan Net sales: Outside customers ...Inter-area ...Costs and expenses ...Operating income ...Identifiable assets ...$ 8,580,046 2,269,353 10,849,400 10,518,590...

  • Page 29
    ...sales against consolidated net sales ...52.3% Thousands of U. S. dollars 1999 North America Other areas 2 Consolidated Europe Asia Export sales and ...Interest rate ...0.89 per cent Date of issue of the bonds ...28th June, 1999 Date of maturity of the bonds ...27th June, 2003 Total issue amount of ...

  • Page 30
    ... The following plan for the appropriation of retained earnings for the year ended 31st March, 1999 was approved by the ordinary general meeting of shareholders of the Company held on 29th June, 1999: Millions of yen Thousands of U.S. dollars Year-end cash dividends of ¥4.00 per share ...Directors...

  • Page 31
    ..., based upon our examinations and the reports of other auditors, the aforementioned consolidated financial statements, expressed in yen, present fairly the financial position of Suzuki Motor Corporation and its consolidated subsidiaries as of 31st March, 1999 and 1998, and the results of their...

  • Page 32
    NON-CONSOLIDATED FINANCIAL STATEMENTS OF 1999 NON-CONSOLIDATED BALANCE SHEETS As of 31st March, 1999 and 1998 Millions of yen Thousands of U.S. dollars SUZUKI MOTOR CORPORATION 1999 ASSETS Current assets: Cash and time deposits ...Short-term investments ...Receivables: Trade notes and accounts ...

  • Page 33
    Millions of yen Thousands of U.S. dollars 1999 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term bank loans ...Commercial paper ...Current portion of long-term debt ...Payables: Trade notes and accounts ...Subsidiaries and affiliates ...Accrued expenses ...Accrued income taxes ...

  • Page 34
    ... STATEMENTS OF INCOME Years ended 31st March, 1999 and 1998 SUZUKI MOTOR CORPORATION Millions of yen Thousands of U.S. dollars 1999 Net sales ...Cost of sales ...Gross profit ...¥1,189,622 981,622 208,000 1998 ¥1,179,136 954,208 224,928 1999 $9,868,288 8,142,863 1,725,425 Selling...

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