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58 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
NOTE 10: Cash and cash equivalents
Cash and cash equivalents as of 31 March 2015 and 2014 were as follows:
Millions of yen
Thousands of
US dollars
2015 2014 2015
Cash and deposits ............................................................ ¥457,513 ¥358,851 $3,807,223
Short-term investment securities ....................................... 685,647 612,489 5,705,647
Time deposits with maturities of over three months ......... (18,012)(73,370)(149,888)
Bonds etc. with redemption period of over three months (192,888)(187,359)(1,605,126)
¥932,261 ¥710,611 $7,757,854
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, defined 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 approval 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 31 March 2015 and 2014
were as follows:
Millions of yen
Thousands of
US dollars
2015 2014 2015
Research and development costs ........................................ ¥125,896 ¥127,090 $1,047,655
NOTE 12: Other comprehensive income
Other comprehensive income as of 31 March 2015 and 2014 were as follows:
Millions of yen
Thousands of
US dollars
2015 2014 2015
Valuation difference on available-for-sale securities
Unrealized loss (gain) arising during the period .............. ¥77,327 ¥73,280 $ 643,480
Reclassication adjustment of unrealized gain (loss)
through prot or loss .......................................................... —40 —
Before tax effect ................................................................. 77,327 73,320 643,480
Tax effect ............................................................................ (19,592)(25,724)(163,043)
Balance at the end of the period ....................................... ¥57,734 ¥47,596 $ 480,437
Deferred gains or losses on hedges
Unrealized loss (gain) arising during the period .............. ¥ 965 ¥ (4,119)$ 8,034
Reclassication adjustment of unrealized gain (loss)
through prot or loss .......................................................... 75 1,785 628
Before tax effect ................................................................. 1,041 (2,333)8,662
Tax effect ............................................................................ (453)1,136 (3,777)