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Toshiba Corporation Annual Report 1998 43.
6. INVENTORIES:
In ventories com prise th e following: Thousands of
Million s of yen U.S. dollars
March 31 1998 1997 1998
Finished products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 368,652 ¥ 376,661 $2,792,818
Work in process:
Long-term contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 294,275 345,662 2,229,356
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215,185 224,030 1,630,190
Raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123,689 121,801 937,038
¥1,001,801 ¥1,068,154 $7,589,402
7. INVESTMENTS IN AFFILIATED COMPANIES:
Of th e affiliated com panies which are accounted for by th e equity m ethod, th e in vestm en t in com m on stock of the
listed com panies is carried at ¥131,302 million ($994,712 th ousand) an d ¥122,441 m illion at March 31, 1998 (eight
com panies) an d 1997 (eigh t com panies), respectively. The com pan y’s in vestm en ts in th ese com pan ies had a m arket
value of ¥156,879 m illion ($1,188,477 thousan d) an d ¥200,919 m illion at March 31, 1998 and 1997, respectively,
based on quoted m arket prices at those dates.
Sum m arized fin ancial inform ation of the affiliated com pan ies accoun ted for by th e equity m eth od is shown below:
Thousands of
Million s of yen U.S. dollars
March 31 1998 1997 1998
Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 680,088 ¥ 730,593 $5,152,182
Other assets includin g property, plant and equipm ent . . . . . . . . . . 570,330 679,277 4,320,682
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,250,418 ¥1,409,870 $9,472,864
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 492,169 ¥ 570,523 $3,728,553
Long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 273,881 382,499 2,074,856
Shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 484,368 456,848 3,669,455
Total liabilities an d sh areh olders’ equity . . . . . . . . . . . . . . . . ¥1,250,418 ¥1,409,870 $9,472,864
Thousands of
Million s of yen U.S. dollars
Years ended March 31 1998 1997 1998
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,059,466 ¥1,120,148 $8,026,258
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 23,831 ¥ 44,101 $ 180,538
A sum m ary of transaction s an d balan ces with th e affiliated com panies accoun ted for by the equity m ethod is
presen ted below: Thousands of
Million s of yen U.S. dollars
Years ended March 31 1998 1997 1998
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 19,287 ¥ 43,785 $ 146,114
Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥205,428 ¥193,703 $1,556,273
Thousands of
Million s of yen U.S. dollars
March 31 1998 1997 1998
Notes and accoun ts receivable, trade . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 4,455 ¥11,449 $ 33,750
Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 1,809 ¥ 1,495 $ 13,705
Notes and accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥58,606 ¥58,174 $443,985