Yamaha 1998 Annual Report Download - page 6
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YAMAHA CONSOLIDATED FINANCIAL REPORT 5
Thousands of
Millions of Yen U.S. Dollars (Note 2)
1998 1997 1998
Common stock
Balance at beginning of year
(1998—206,523,263 shares;
1997—194,080,355 shares) ............................................................................ ¥ 28,533 ¥ 16,525 $ 215,995
Balance at end of year
(1998—206,523,263 shares;
1997—206,523,263 shares) ............................................................................ ¥ 28,533 ¥ 28,533 $ 215,995
Additional paid-in capital (Note 5)
Balance at beginning of year.................................................................................. ¥ 26,924 ¥ 14,917 $ 203,815
Balance at end of year ........................................................................................... ¥ 26,924 ¥ 26,924 $ 203,815
Legal reserve (Note 5)
Balance at beginning of year.................................................................................. ¥ 3,505 ¥ 3,342 $ 26,533
Add:
Transfer from retained earnings........................................................................ 213 162 1,612
Balance at end of year ........................................................................................... ¥ 3,718 ¥ 3,505 $ 28,145
Retained earnings (Note 11)
Balance at beginning of year.................................................................................. ¥161,029 ¥134,408 $1,218,993
Add:
Effect of change in scope of consolidation......................................................... 368 374 2,786
Effect of change in interests in subsidiaries........................................................ 257 287 1,945
Increase in foreign currency transactions arising from change
in method of accounting ................................................................................ —13,484 —
Other................................................................................................................ —191 —
Net income....................................................................................................... 13,475 14,066 102,006
Deduct:
Decrease in consolidated subsidiaries ................................................................ (16) —(121)
Cash dividends paid.......................................................................................... (2,065) (1,552) (15,632)
Bonuses to directors and corporate auditors...................................................... (68) (68) (515)
Transfer to legal reserve..................................................................................... (213) (162) (1,612)
Balance at end of year ........................................................................................... ¥172,767 ¥161,029 $1,307,850
See notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
YAMAHA Corporation and Consolidated Subsidiaries
Years ended March 31, 1998 and 1997