Suzuki 2009 Annual Report Download - page 42

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SUZUKI MOTOR CORPORATION 41
Thousands of
Millions of yen U.S. dollars
2009 2008 2009
Cash and deposits ......................................................... ¥136,915 ¥129,447 $1,393,827
Short-term investment securities.................................... 343,503 345,984 3,496,926
Time deposits with maturities of over three months....... (49,328) (16,457) (502,170)
Bonds etc. with redemption period of over three months .......
(3,293) (2,605) (33,526)
¥427,797 ¥456,369 $4,355,057
NOTE 10: Cash and cash equivalents
Cash and cash equivalents as of March 31, 2009 and 2008 consisted of:
Consolidated Financial Statements of 2009
NOTE 11: Lease transactions
Operating lease transactions as of March 31, 2009 and 2008 were as follows:
As a lessee
2009 2008 2009
Future lease payments
Due within one year ........................................ ¥ 401 ¥ 404 $ 4,084
Thereafter ........................................................ 1,213 1,391 12,350
¥1,614 ¥1,795 $16,435
As a lessor
2009 2008 2009
Future lease revenues
Due within one year ........................................ ¥ 45 ¥ 920 $ 460
Thereafter ........................................................ 6493 65
¥ 51 ¥1,414 $ 525
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
NOTE 12: Net assets
The Companies Act of Japan requires that at least 50% of the contribution 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 “legal capital surplus”.
The Companies Act provides that an amount equivalent to 10% of cash dividends should be appropriated as a legal
capital surplus or legal retained earnings until total amount of them reaches a certain limit, defined as 25% of the stated
capital.
The Companies Act allows both legal capital reserve and legal retained earnings to be transferred to the stated
capital following the approval at a shareholders’ meeting.
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 Companies Act, the articles of incorporation allows to repurchase treasury stock and dispose of
such treasury stock by resolution of the board of directors.
NOTE 13: Contingent liabilities
As of March 31, 2009, the Company and certain consolidated subsidiaries had the following contingent liabilities:
Millions of Thousands of
yen U.S. dollars
Guarantee of indebtedness of affiliates and others...........................
¥44,302 $451,006
Trade notes discounted ................................................................ 610 6,215
¥44,912 $457,222