Suzuki 2003 Annual Report Download - page 29

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SUZUKI MOTOR CORPORATION
Finished products .................................................... ¥215,489 ¥203,707 $1,792,757
Work in process ....................................................... 22,349 14,411 185,936
Raw materials and others ........................................ 31,871 12,594 265,154
¥269,710 ¥230,713 $2,243,847
(l)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 were converted into common stock, with an applicable adjustment for
related interest expense and net of tax.
Effective from the year ended March 31, 2003, in calculation of the current net income per share
and net assets per share, "The Accounting Standard relative to the current net income per share"
(Business Accounting Standard No. 2) and "The Application Guide Line of Accounting Standard
relative to the current net income per share" (Business Accounting Standard application guide line
No. 4) have been applied. Prior to adopting the new statement, net income per share was
calculated based on the net income shown on the Income Statement. The net income per share
calculation excluded bonuses to directors and corporate auditors, since under the Japanese
Commercial Code, these are recognized as an appropriation of retained earnings, in the
Statement of Shareholders' Equity, rather than as expenses in the Income Statements. However,
the new statement requires that net income should be adjusted by deducting bonuses paid to
directors and corporate auditors as well as the payment of dividends to shareholders of preferred
stocks to be recognized as an appropriation of retained earnings, from net income shown in the
Income Statements, and the calculation of the net income per share be made on that adjusted net
income basis. In the case calculation is made in the same method as before for the year ended
March, 2003, the current net income per share is 57.66 yen and net assets per share (diluted) is
1,208.80 yen.
Cash dividends per share are the amounts applicable to the respective periods including
dividends to be paid after the end of the period.
(m)Cash and cash equivalents
All highly liquid investments with original maturities of three months or less when purchased are
considered cash and cash equivalents.
(n)Reclassification
Certain reclassifications of previously reported amounts have been made to conform with
current classifications.
3. Inventories
Inventories as of March 31, 2003 and 2002 were as follows:
2003 2002 2003
Thousands of
U.S. dollars
Millions of yen
29