Suzuki 2005 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2005 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 50

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50

Operating lease transactions as of March 31, 2005 and 2004 were as follows:
The Commercial Code requires that at least 50% of the issue price of new shares be
included in a company's stated capital. The portion to be recorded as stated capital is
determined by resolution of the Board of Directors. Proceeds in excess of the stated
capital should be credited to "additional paid-in capital".
The Commercial Code provides that an amount equivalent to a minimum of 10% of
cash dividends and bonuses paid to directors and corporate auditors should be
appropriated as a legal reserve until the reserve reaches a certain limit, defined as 25%
of the stated capital less certain capital reserves.
The Commercial Code allows both the capital reserve, including "additional paid-in
capital", and the legal reserve to be transferred to the stated capital, by resolution of the
Board of Directors, or to be used to reduce a deficit following the approval at a
shareholders' meeting. In addition, under the Commercial Code, the capital reserve and
the legal reserve may be available for dividends to the extent that the total of the capital
and legal reserve taken together do not fall below 25% of the stated capital. The legal
reserves of the Company and its subsidiaries are included in "retained earnings" on the
consolidated balance sheet and are not shown separately.
According to the revision of the Commercial Code, the Articles of the Company allows
to repurchase treasury stock and dispose of such treasury stock by resolution of the
Board of Directors.
As of March 31, 2005, the Company and certain consolidated subsidiaries had the
following contingent liabilities:
13. Contingent liabilities
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SUZUKI MOTOR CORPORATION
−42−
12. Shareholders' equity
Future lease payments
  Due within one year
  Thereafter
................................
..............................................
Thousands of
U.S. dollars
20042005
Millions of yen
2005
As a lessee
Future lease revenues
  Due within one year
  Thereafter
................................
..............................................
As a lessor
￥227
340
￥567
$2,119
3,168
$5,287
￥196
344
￥540
Thousands of
U.S. dollars
20042005
Millions of yen
2005
￥ 46
70
￥117
$ 436
653
$1,090
￥ 51
98
￥150
Guarantee of indebtedness of affiliates and others
Trade notes discounted
..
...................................
Thousands of
U.S. dollars
Millions of
yen
￥ 7,073
759
￥ 7,833
$ 65,865
7,076
$ 72,942