Suzuki 2010 Annual Report Download - page 47

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46 SUZUKI MOTOR CORPORATION
NOTE 10:Cashandcashequivalents
Cash and cash equivalents as of March 31, 2010 and 2009 consisted of:
Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
Cash and deposits ........................................................ ¥147,394 ¥136,915 $1,584,203
Short-term investment securities ................................... 602,388 343,503 6,474,513
Time deposits with maturities of over three months ....... (8,305)(49,328)(89,267)
Bonds etc. with redemption period of over three months (158,020)(3,293)(1,698,418)
¥583,456 ¥427,797 $6,271,030
NOTE 11: Lease transactions
Operating lease transactions as of March 31, 2010 and 2009 were as follows:
As a lessee Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
Future lease payments
Due within one year ................................................... ¥ 310 ¥ 401 $3,340
Thereafter................................................................... 947 1,213 10,182
¥1,258 ¥1,614 $13,523
As a lessor Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
Future lease revenues
Due within one year ................................................... ¥ 6 ¥ 45 $ 65
Thereafter................................................................... 060
¥ 6 ¥ 51 $ 65
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
common stock. The portion to be recorded as common stock is determined by resolution of the board of directors. Pro-
ceeds in excess of the common stock 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 capi-
tal surplus or legal retained earnings until total amount of them reaches a certain limit, dened as 25% of the common stock.
The Companies Act allows both legal capital reserve and legal retained earnings to be transferred to the common stock
following the approval at a general meeting of shareholders.
The legal retained earnings 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, 2010, the Company and some of consolidated subsidiaries had the following contingent liabilities:
Millions of yen
Thousands of
U.S. dollars
Guarantee of indebtedness of afliates and others ........ ¥6,997 $75,213
Trade notes discounted ................................................. 318 3,421
¥7,316 $78,634
Consolidated Financial Statements