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ISUZU MOTORS LIMITED ANNUAL REPORT 2003
23
l) Cash and Cash Equivalents
For the purpose of the statement of cash flows, the
Company considers all highly liquid investments with a
maturity of three months or less to be cash equivalents.
Reconciliation for cash and cash equivalents at end of
year on the statement of cash flows for the year ended
March 31, 2003 is as follows:
Millions of Thousands of
Yen U.S. Dollars
Cash and time deposits on the
consolidated balance sheet . . . . . ¥63,389 $527,364
Time deposits with original
maturities over three months
at the time of purchase . . . . . . . . . (10,438) (86,839)
Cash and cash equivalents on the
statement of cash flows . . . . . . . . ¥52,951 $440,525
m) Treasury Stocks
Effective from the fiscal year ended March 31, 2003, the
Company adopted the new Japanese regulation for the
accounting standard regarding treasury stocks and
reversal of legal reserves. As a result of the new
regulation, there is no effect on the operating results for
the fiscal year ended March 31, 2003.
n) Accounting Change
The house rent income and its cost expenses were
recorded in “Other Income (Expenses)” until the fiscal
year 2000. However, because of the revision of the
operation to use the fixed property effectively, the
Company changed its accounting method of the house
rent and its income and expenses are recognized as “Net
sales” and “Cost of sales” from the fiscal year 2001.
3. Investments
Fair Value of other securities as of March 31, 2003 were as follows:
Millions of Yen Thousands of U.S. Dollars
Acquisition Carrying Unrealized Acquisition Carrying Unrealized
costs value gain (loss) costs value gain (loss)
Unrealized gain:
Stocks . . . . . . . . . . . . . . . . . . ¥5,804 ¥ 8,134 ¥ 2,329 $ 48,292 $ 67,674 $ 19,381
Bonds:
Investment trusts . . . . . . . 157 271 113 1,312 2,260 948
Total . . . . . . . . . . . . . . . ¥5,962 ¥ 8,406 ¥ 2,443 $ 49,605 $ 69,934 $ 20,329
Unrealized loss:
Stocks . . . . . . . . . . . . . . . . . . ¥13,410 ¥12,036 ¥(1,374) $111,570 $100,133 $(11,437)
Bonds:
Corporate bonds . . . . . . . 13 12 (0) 108 107 (1)
Total . . . . . . . . . . . . . . . ¥13,423 ¥12,048 ¥(1,374) $111,679 $100,240 $(11,438)
Proceeds from sales of securities classified as other
securities amounted to ¥6,433 million ($53,526
thousand) with an aggregate gain on sales of ¥111
million ($928 thousand) and an aggregate loss on sales
of ¥1,172 million ($9,756 thousand) for the year ended
March 31, 2003.
Non-marketable securities classified as other securi-
ties at March 31, 2003 amounted to ¥4,861 million
($40,443 thousand).
The redemption schedule for bonds with maturity
dates at March 31, 2003 was summarized as follows:
Millions of Yen
Due in Due after
one year one through
or less five years
Corporate bonds . . . . . . . . . . . . . . . –¥13
Thousands of U.S. Dollars
Due in Due after
one year one through
or less five years
Corporate bonds . . . . . . . . . . . . . . . –$108