Fujitsu 2003 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2003 Fujitsu 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 56

  • 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

38
Yen U.S. Dollars
(millions) (thousands)
2002 2003 2003
Finished goods ¥249,166 ¥218,307 $1,819,225
Work in process 263,484 273,442 2,278,683
Raw materials 123,322 104,235 868,625
¥635,972 ¥595,984 $4,966,533
5. Inventories
Inventories at March 31, 2002 and 2003 consisted of the following:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2002 2003 2003
Current assets ¥1,052,893 ¥968,409 $ 8,070,075
Non-current assets 463,140 483,473 4,028,942
1,516,033 1,451,882 12,099,017
Current liabilities 334,303 361,863 3,015,525
Long-term liabilities 177,770 194,605 1,621,709
Net assets ¥1,003,960 ¥895,414 $ 7,461,783
Yen U.S. Dollars
(millions) (thousands)
Years ended March 31 2001 2002 2003 2003
Net sales ¥1,390,549 ¥1,163,438 ¥1,214,169 $ 10,118,075
Net income (loss) 84,337 (8,803) 445 3,708
Of the affiliates accounted for by the equity method, the carrying and market values of the shares of the publicly listed
companies at March 31, 2002 and 2003 were as follows: Yen U.S. Dollars
(millions) (thousands)
At March 31 2002 2003 2003
Carrying value ¥253,706 ¥202,621 $ 1,688,508
Market value 653,119 391,237 3,260,308
At March 31, 2002 and 2003, the amount of ¥19,373 millions ($161,442 thousands) representing the Company’s
29.49% investment in JECC has been included in other investments and long-term loans. The Company does not regard
JECC as an affiliate as it is unable to exercise significant influence over JECC’s affairs. JECC’s principal business is the
leasing of computers and peripherals purchased from its seven shareholders. At March 31, 2002 and 2003, JECC’s issued
share capital was ¥65,700 millions ($547,500 thousands). Its net sales for the years ended March 31, 2001, 2002 and 2003
amounted to ¥290,214 millions, ¥289,340 millions and ¥295,987 millions ($2,466,558 thousands), respectively.
6. Investments in Affiliates
The Company accounts for investments in affiliates by the equity method with minor exceptions.
A summary of the financial information of the affiliates accounted for by the equity method is presented below:
FINANCIAL SECTION Notes to Consolidated Financial Statements