Suzuki 2013 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2013 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

54 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
NOTE 10:Cashandcashequivalents
Cash and cash equivalents as of March 31, 2013 and 2012 consisted of:
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
Cash and deposits ............................................................ ¥279,009 ¥291,670 $2,966,603
Short-term investment securities ....................................... 559,609 542,668 5,950,131
Time deposits with maturities of over three months ......... (34,845)(41,442)(370,495)
Bonds etc. with redemption period of over three months (142,670)(82,365)(1,516,969)
¥661,102 ¥710,530 $7,029,269
NOTE 11: 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, dened 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 an Ordinary 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 allow 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, 2013 and
2012 were as follows:
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
Research and development costs ........................................ ¥119,269 ¥109,848 $1,268,152