Logitech 2014 Annual Report Download - page 250

LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Consolidated Balance Sheet
The following table presents the impact of correcting adjustments on the Company’s previously-reported
consolidated balance sheet as of March 31, 2013 (in thousands):
March 31, 2013
As Reported Adjustments As Revised
ASSETS
Current assets:
Cash and cash equivalents ................................. $ 333,824 $ — $ 333,824
Accounts receivable, net .................................. 179,565 (606)(4) 178,959
Inventories ............................................. 261,083 1,561(4) 262,644
Other current assets ...................................... 58,103 2,274(4) 60,377
Asset held for sale ....................................... 10,960 — 10,960
Total current assets.................................... 843,535 3,229 846,764
Non-recurring assets:
Property, plant and equipment, net .......................... 87,649 7,034(2) 93,721
(962)(4)
Goodwill............................................... 341,357 — 341,357
Other intangible assets.................................... 26,024 — 26,024
Other assets ............................................ 75,098 (631)(4) 74,467
Total assets .......................................... $1,373,663 $ 8,670 $1,382,333
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................ $ 265,995 (590)(4) 265,405
Accrued and other current liabilities ......................... 192,774 310(4) 193,084
Liabilities held for sale.................................... 3,202 — 3,202
Total current liabilities ................................. 461,971 (280) 461,691
Non-current liabilities:
Income taxes payable..................................... 98,827 — 98,827
Other non-current liabilities ............................... 97,055 2,807(4) 99,862
Total liabilities ....................................... $ 657,853 $ 2,527 $ 660,380
Commitments and contingencies
Shareholders’ equity:
Registered shares, CHF 0.25 par value:
Issued and authorized shares—173,106 at March 31, 2013
Conditionally authorized shares—50,000 at March 31, 2013 ... $ 30,148 — 30,148
Additional paid-in capital ................................. — — —
Less: shares in treasury, at cost—13,855 at March 31, 2013 .... (177,847) (2,143)(4) (179,990)
Retained earnings ....................................... 956,502 7,034(2) 966,924
3,388(4)
Accumulated other comprehensive loss ...................... (92,993) (2,136)(4) (95,129)
Total shareholders’ equity .............................. 715,810 6,143 721,953
Total liabilities and shareholders’ equity ................... $1,373,663 $ 8,670 $1,382,333
Note 2 — Restatement and Revision of Previously Issued Consolidated Financial Statements (Continued)
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