Suzuki 2014 Annual Report Download - page 58

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56 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
NOTE 10: Cash and cash equivalents
Cash and cash equivalents as of March 31, 2014 and 2013 were as follows:
Millions of yen
Thousands of
US dollars
2014 2013 2014
Cash and deposits ............................................................ ¥358,851 ¥279,009 $3,486,699
Short-term investment securities ....................................... 612,489 559,609 5,951,125
Time deposits with maturities of over three months ......... (73,370)(34,845)(712,886)
Bonds etc. with redemption period of over three months (187,359)(142,670)(1,820,440)
¥710,611 ¥661,102 $6,904,498
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 surplus 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, 2014 and
2013 were as follows:
Millions of yen
Thousands of
US dollars
2014 2013 2014
Research and development costs ........................................ ¥127,090 ¥119,269 $1,234,843