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SUZUKI MOTOR CORPORATION 29
2008 2007 2008
LIABILITIES AND NET ASSETS
Current liabilities:
Trade notes and accounts payable ............................... ¥ 605,372 ¥ 571,296 $ 6,042,241
Short-term bank loans *NOTE 6 .......................................... 196,390 167,236 1,960,178
Current portion of long-term debt *NOTE 6 ........................ 1,088
Accrued income taxes.................................................... 24,857 37,798 248,107
Accrued expenses ......................................................... 154,448 164,651 1,541,560
Other current liabilities.................................................... 185,726 191,337 1,853,744
Total current liabilities ............................................. 1,166,795 1,133,409 11,645,831
Long-term liabilities:
Long-term debt *NOTE 6 .................................................... 254,265 238,308 2,537,831
Accrued retirement and severance benefits *NOTE 8 ......... 48,037 52,080 479,465
Other liabilities ................................................................ 37,171 41,669 371,009
Total long term liabilities ......................................... 339,474 332,058 3,388,306
Total liabilities ......................................................... 1,506,270 1,465,468 15,034,138
Net Assets:
Shareholders’ equity:*NOTE 13
Common stock:
Authorized-1,500,000,000 shares
Issued,
as of March 31, 2008—542,647,091 ...................... 120,210 1,199,823
as of March 31, 2007—542,647,091 ...................... 120,210
Capital surplus................................................................ 138,143 138,199 1,378,815
Consolidated retained earnings ..................................... 717,357 642,969 7,159,974
Less treasury stock, at cost ............................................ (219,499) (219,875) (2,190,831)
Total shareholders’ equity ...................................... 756,212 681,504 7,547,781
Valuation and translation adjustments:
Net unrealized gains on securities ............................... 16,549 35,251 165,177
Deferred gains and losses on hedges ......................... 9,236 (149) 92,194
Foreign currency translation adjustments .................... (3,389) 24,917 (33,826)
Total valuation and translation adjustments ........... 22,396 60,020 223,544
Minority interests ............................................................. 124,285 114,448 1,240,497
Total net assets ....................................................... ¥ 902,894 ¥ 855,973 $ 9,011,824
Total liabilities and net assets ................................. ¥2,409,165 ¥2,321,441 $24,045,963
Thousands of
U.S. dollars
Millions of yen
Consolidated Financial Statements of 2008