Canon 2003 Annual Report Download - page 27

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TABLE OF CONTENTS
FINANCIAL OVERVIEW 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠26
TEN-YEAR FINANCIAL SUMMARY 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠44
CONSOLIDATED BALANCE SHEETS 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠46
CONSOLIDATED STATEMENTS OF INCOME 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠47
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY 䡠䡠䡠䡠䡠48
CONSOLIDATED STATEMENTS OF CASH FLOWS 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠49
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 䡠䡠䡠䡠䡠䡠䡠䡠䡠50
(1) Basis of Presentation and Significant Accounting Policies
(2) Financial Statement Translation 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠54
(3) Foreign Operations
(4) Marketable Securities and Investments 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠55
(5) Trade Receivables 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠58
(6) Inventories
(7) Property, Plant and Equipment
(8) Goodwill and Other Intangible Assets 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠59
(9) Short-term Loans and Long-term Debt 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠61
(10) Trade Payables 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠62
(11) Employee Retirement and Severance Benefits 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠63
(12) Income Taxes 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠66
(13) Common Stock 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠69
(14) Legal Reserve and Cash Dividends
(15) Noncash Financing Activities
(16) Other Comprehensive Income (Loss) 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠70
(17) Earnings per Share 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠73
(18) Derivatives and Hedging Activities 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠74
(19) Commitments and Contingent Liabilities 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠75
(20) Disclosures about the Fair Value of Financial Instruments 䡠䡠䡠䡠76
(21) Supplementary Expense Information 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠77
INDEPENDENT AUDITORS’ REPORT 䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠䡠78
FINANCIAL SECTION
25