Canon 2005 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2005 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

64
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
CANON INC. AND SUBSIDIARIES
(2) Basis of Financial Statement Translation
The consolidated financial statements presented herein are
expressed in Japanese yen and, solely for the convenience of
the reader, have been translated into United States dollars at
the rate of ¥118 = U.S.$1, the approximate exchange rate pre-
vailing on the Tokyo Foreign Exchange Market on December
30, 2005. This translation should not be construed as a repre-
sentation that the amounts shown could be converted into
United States dollars at such rate.
Thousands of
Millions of yen U.S. dollars
2005 2004 2003 2005
Total assets ¥1,751,011 1,500,197 1,339,854 $14,839,076
Net assets 767,711 632,657 564,041 6,506,025
Net sales 2,774,443 2,548,700 2,341,221 23,512,229
Net income 81,916 70,227 74,274 694,203
(3) Foreign Operations
Amounts included in the consolidated financial statements
relating to subsidiaries operating in foreign countries are
summarized as follows:
held-to-maturity securities by major security type at December
31, 2005 and 2004 were as follows:
December 31 Gross Gross
Unrealized Unrealized
Holding Holding
Millions of yen Cost Gains Losses Fair Value
2005: Current:
Available-for-sale:
Bank debt securities ¥71——71
Equity securities 101 — 101
¥ 172 172
Noncurrent:
Available-for-sale:
Government bonds ¥ 525 7 532
Corporate debt securities 85 3 — 88
Fund trusts 4,553 1,446 — 5,999
Equity securities 11,373 15,086 10 26,449
16,536 16,542 10 33,068
Held-to-maturity:
Corporate debt securities 20,961 — 20,961
¥37,497 16,542 10 54,029
(4) Marketable Securities and Investments
The cost, gross unrealized holding gains, gross unrealized hold-
ing losses and fair value for available-for-sale securities and