Suzuki 2011 Annual Report Download - page 50

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SUZUKI MOTOR CORPORATION 49
NOTE 10: Cash and cash equivalents
Cash and cash equivalents as of March 31, 2011 and 2010 consisted of:
Consolidated Financial Statements
Millions of yen
Thousands of
U.S. dollars
2011 2010 2011
Cash and deposits ............................................................ ¥261,264 ¥147,394 $3,142,083
Short-term investment securities ....................................... 484,110 602,388 5,822,133
Time deposits with maturities of over three months ......... (46,122)(8,305)(554,693)
Bonds etc. with redemption period of over three months (67,328)(158,020)(809,723)
¥631,923 ¥583,456 $7,599,800
NOTE 11: Lease transactions
Operating lease transactions as of March 31, 2011 and 2010 were as follows:
As a lessee Millions of yen
Thousands of
U.S. dollars
2011 2010 2011
Future lease payments
Due within one year ....................................................... ¥ 189 ¥ 310 $ 2,284
Thereafter ....................................................................... 657 947 7,911
¥ 847 ¥1,258 $10,195
As a lessor Millions of yen
Thousands of
U.S. dollars
2011 2010 2011
Future lease revenues
Due within one year ....................................................... —¥ 6 —
Thereafter ....................................................................... ———
—¥ 6 —
NOTE 12: Net assets
The Companies Act of Japan requires that at least 50% of the contribution of new shares be included in capital stock. The portion to be
recorded as capital stock is determined by resolution of the board of directors. Proceeds in excess of the capital stock should be cred-
ited 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 capital stock.
The Companies Act allows both legal capital reserve and legal retained earnings to be transferred to the capital stock following the ap-
proval 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, 2011, the Company and some of consolidated subsidiaries had the following contingent liabilities:
Millions of yen
Thousands of
U.S. dollars
Guarantee of indebtedness of affiliates and others ......... ¥6,146 $73,918
Trade notes discounted ..................................................... 86 1,036
¥6,232 $74,955