JVC 2004 Annual Report Download - page 40

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Victor Company of Japan, Limited38.
Thousands of
U.S. dollars
Millions of yen (Note 1)
ASSETS 2004 2003 2004
Current assets:
Cash and time deposits
(including time deposits with maturities over three months of ¥4,105 million
(US$38,726 thousand) in 2004 and ¥8,105 million in 2003) ¥101,347 ¥ 91,517 $ 956,104
Notes and accounts receivable:
Trade 107,410 113,405 1,013,302
Non-consolidated subsidiaries and affiliated companies 129 397 1,217
Allowance for doubtful accounts (4,215) (5,532) (39,764)
Inventories (Note 5) 129,912 111,256 1,225,585
Deferred tax assets (Note 7) 22,194 19,364 209,377
Other current assets 27,024 25,674 254,943
Total current assets 383,801 356,081 3,620,764
Investments and advances:
Investments in and advances to non-consolidated subsidiaries
and affiliated companies (Note 6) 2,969 1,834 28,009
Other (Note 6) 13,723 7,507 129,463
Total investments and advances 16,692 9,341 157,472
Property, plant and equipment:
Land 25,917 29,344 244,500
Buildings and structures 99,326 110,381 937,038
Machinery and equipment 234,305 240,646 2,210,425
Construction in progress 6,385 4,642 60,235
365,933 385,013 3,452,198
Less accumulated depreciation 276,365 286,129 2,607,217
Net property, plant and equipment 89,568 98,884 844,981
Deferred tax assets (Note 7) 3,733 3,083 35,217
Other assets 13,323 12,361 125,689
¥507,117 ¥479,750 $4,784,123
See accompanying notes.
Consolidated Balance Sheets
Victor Company of Japan, Limited and its consolidated subsidiaries
March 31, 2004 and 2003