JVC 2007 Annual Report Download - page 35

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33
’03 ’04 ’05 ’06 ’07 ’03 ’04 ’05 ’06 ’07’03 ’04 ’05 ’06 ’07
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Stockholders’ Equity/
Total Assets
(Billions of yen)
R&D Expenditures
(Billions of yen)
Depreciation and Amortization/
Capital Expenditures
(Billions of yen)
Stockholders’ equity
(Total net assets minus minority interests)
Total assets
Depreciation and amortization
Capital expenditures
Depreciation and amortization decreased 0.8%, to ¥26.6
billion.
R&D Expenditures
In fiscal 2007, R&D expenditures amounted to ¥36.2 billion,
representing a 6.5% decline from the previous fiscal year
and a ratio to net sales of 4.9%.
Personnel
The number of JVC employees on a consolidated basis at
fiscal year-end totaled 26,851, a decrease of 3,630 employ-
ees compared to the previous fiscal year-end.
Net cash provided by investing activities came to ¥400
million, compared with an outflow of ¥25.3 billion in the pre-
vious fiscal year, as proceeds mainly from sales of property,
plant and equipment and marketable securities exceeded
capital spending on property, plant and equipment.
Net cash used in financing activities totaled ¥4.9 billion,
compared with an outflow of ¥2.8 billion in the previous fis-
cal year. Although short-term loans increased ¥11.3 billion,
net, and proceeds from long-term loans came to ¥13.5 bil-
lion, cash outflows for long-term loan repayments and cor-
porate bond redemptions came to ¥52.4 billion.
As a result, cash and cash equivalents at the end of fiscal
2007 came to ¥70.0 billion, up ¥9.9 billion from the end of
the previous fiscal year.
Capital Expenditures/Depreciation and Amortization
In fiscal 2007, capital expenditures decreased 14.6% from
the previous fiscal year, to ¥25.2 billion. The Company’s
investment chiefly went to production facilities for LCD TVs
and camcorders.