Nikon 1999 Annual Report Download - page 26

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24
12. CONTINGENT LIABILITIES
Contingent liabilities at March 31, 1999 were as follows: Thousands of
Millions of Yen U.S. Dollars
As the endorser of trade notes receivable discounted with banks ¥ 2,351 $ 19,503
As the guarantor of bank loans and indebtedness, principally of employees,
unconsolidated subsidiaries and associated companies 12,729 105,595
¥ 15,080 $125,098
13. SUBSEQUENT EVENTS
On June 29, 1999, the Company’s shareholders approved appropriations of retained earnings as follows:
Thousands of
Millions of Yen U.S. Dollars
Cash dividends ¥ 1,109 $ 9,206
Transfer to legal reserve 111 921
¥ 1,220 $10,127
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