Casio 2009 Annual Report Download - page 22

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Cash Flow Analysis
Cash and cash equivalents at the reporting term-end came to ¥104,248 million, an increase of ¥16,291 million.
Net cash provided by operating activities decreased by ¥48,288 million year-on-year to ¥23,461 million. This
breaks down into loss before income taxes and minority interests in the amount of ¥29,048 million (compared
with income of ¥23,888 million in the previous term), depreciation and amortization expenses of ¥30,213 million
(compared with ¥33,959 million in the previous term), and adjustment for non-cash items such as business structure
improvement expenses of ¥10,845 million and non-recurring depreciation on noncurrent assets of ¥11,345 million.
Net cash used in investing activities amounted to ¥44,708 million, an increase of ¥8,606 million over the previous
term. This breaks down into expenditure for the purchase of property, plant and equipment in the amount of
¥12,316 million (¥22,538 million in the previous term), expenditure for purchase of intangible assets in the amount
of ¥18,762 million (compared with ¥15,521 million in the previous term), and net expenditure for investment securi-
ties totaling ¥21,487 million (compared with ¥2,954 million in the previous term).
Net cash provided by financing activities amounted to ¥38,807 million, an increase of ¥81,292 million over the
previous term. This breaks down into an expense of ¥16,500 million for repayment of long-term loans payable
(¥30,000 million in the previous term), and proceeds of ¥59,732 million from issue of corporate bonds.
Capital Investment
Capital investment increased by 19.5% from the previous term to ¥16,157 million. Broken down by business seg-
ment, capital investment in the Electronics segment came to ¥11,387 million, up by 22.0% from the previous term,
while the figure for the Electronic Components and Others segment was ¥4,598 million, up 23.6%.
Research & Development
R&D expenses decreased by 14.4% to ¥12,631 million. Expenses in the Electronics segment came to ¥7,598 million,
down 15.8%, and in the Electronic Components and Others segment came to ¥1,439 million, down 2.0%.
Management’s Discussion and Analysis
20 CASIO COMPUTER CO., LTD.