Suzuki 2000 Annual Report Download - page 25

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(i)Research and development expenses
Research and development expenses are charged to income as incurred.
Research and development expenses included in "Cost of sales" at the time of their occurrence so far, but
from this fiscal term, have been included in "Selling, general and administrative expenses" in accordance
with "the practical business guide line for accounting procedures of research and development expenses
and software". As a result of this change, when compared with a previous method, "Cost of sales" is
declared by a decreased amounts of ¥15,581 million and "Selling, general and administrative expenses" by
an increased amounts of ¥16,638 million.
(j)Revenue recognition
Sales of products are generally recognized in the accounts as delivery is made.
(k)Amounts per share
Primary net income per share is computed based on the weighted average number of shares issued during
the respective years.
Fully diluted net income per share is computed assuming that all convertible bonds at the beginning of
the year were converted into common stock, with an applicable adjustment for related interest expense and
net of tax.
Cash dividends per share are the amounts applicable to the respective periods including dividends to be
paid after the end of the period.
(l)Cash and cash equivalents
All highly liquid investments with original maturities of three months or less when purchased are
considered cash and cash equivalents.
(m)Reclassification
Certain reclassifications of previously reported amounts have been made to conform with current
classifications.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
3.Inventories
Inventories as of March 31, 2000 and 1999 were as follows: Thousands of
Millions of yen U.S. dollars
2000 1999 2000
Finished products ............................................................. ¥168,000 ¥154,778 $1,582,667
Work in process ............................................................... 15,314 17,967 144,275
Raw materials and others ................................................. 13,782 20,716 129,837
¥197,097 ¥193,462 $1,856,781