Suzuki 2012 Annual Report Download - page 57

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Consolidated Financial Statements
SUZUKI MOTOR CORPORATION 55
NOTE 10: Cash and cash equivalents
Cash and cash equivalents as of March 31, 2012 and 2011 consisted of:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Cash and deposits ............................................................ ¥291,670 ¥261,264 $3,548,731
Short-term investment securities ....................................... 542,668 484,110 6,602,615
Time deposits with maturities of over three months ......... (41,442) (46,122) (504,233)
Bonds etc. with redemption period of over three months (82,365) (67,328) (1,002,138)
¥710,530 ¥631,923 $8,644,974
NOTE 11: Lease transactions
Operating lease transactions as of March 31, 2012 and 2011 were as follows:
As a lessee Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Future lease payments
Due within one year ....................................................... ¥ 189 ¥ 189 $ 2,310
Thereafter ....................................................................... 488 657 5,946
¥ 678 ¥ 847 $ 8,257
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 meeting of the board of directors. Proceeds in excess of the capital 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 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 meeting of the board of directors.
NOTE 9: Research and development costs
Research and development costs included in selling, general and administrative expenses, for the years ended March 31, 2012 and
2011 were as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Research and development costs ........................................ ¥109,848 ¥104,079 $1,336,519