Logitech 2003 Annual Report Download - page 60

F-3
LOGITECH INTERNATIONAL S.A.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
2003 2002
ASSETS
Current assets:
Cash and cash equivalents...................................................................................... 218,734$ 143,101$
Accounts receivable................................................................................................ 181,644 171,103
Inventories.............................................................................................................. 124,123 85,124
Other current assets................................................................................................. 38,762 33,486
Total current assets........................................................................................... 563,263 432,814
Investments.................................................................................................................... 1,458 8,713
Property, plant and equipment....................................................................................... 38,914 32,086
Intangible assets:
Goodwill................................................................................................................. 108,615 102,017
Other intangible assets............................................................................................ 17,523 15,358
Other assets................................................................................................................... 8,529 4,756
Total assets....................................................................................................... 738,302$ 595,744$
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt.......................................................................................................... 10,102$ 5,527$
Accounts payable....................................................................................................... 129,326 88,268
Accrued liabilities...................................................................................................... 98,134 73,309
Total current liabilities............................................................................................ 237,562 167,104
Long-term debt.............................................................................................................. 131,615 104,812
Other liabilities.............................................................................................................. 3,563 811
Total liabilities........................................................................................................ 372,740 272,727
Commitments and Contingencies
Shareholders' equity:
Registered shares, par value CHF 1 - 57,901,655 authorized, 17,890,465
conditionally authorized, 47,901,655 issued and outstanding at March 31,
2003; 53,934,535 authorized, 11,890,465 conditionally authorized,
47,901,655 issued and outstanding at March 31, 2002........................................... 33,370 33,370
Additional paid-in capital........................................................................................... 150,849 134,312
Less registered shares in treasury, at cost, 2,454,857 at
March 31, 2003 and 2,083,003 at March 31, 2002................................................. (76,891) (15,819)
Retained earnings....................................................................................................... 303,234 204,391
Accumulated other comprehensive loss..................................................................... (45,000) (33,237)
Total shareholders' equity.................................................................................... 365,562 323,017
Total liabilities and shareholders' equity............................................................. 738,302$ 595,744$
March 31,
The accompanying notes are an integral part of these consolidated financial statements.