Nikon 2000 Annual Report Download - page 21

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19
3. MARKETABLE SECURITIES AND INVESTMENTS IN SECURITIES
Marketable securities at March 31, 2000 and 1999 were as follows:
Thousands of
Millions of Yen U.S. Dollars
2000 1999 2000
Marketable equity securities ¥2 ¥ 13,663 $16
Bank debentures and other 10 717 94
¥12 ¥14,380 $ 110
Investments in securities at March 31, 2000 and 1999 were principally equity securities with market quotations as follows:
Thousands of
Millions of Yen U.S. Dollars
2000 1999 2000
Equity securities ¥49,266 ¥ 36,522 $464,121
Trust bonds, debentures and other 102 57 961
¥49,368 ¥ 36,579 $465,082
The carrying amounts and market values of marketable securities (current) and investments in securities (non-current) at March 31, 2000
and 1999 were as follows:
Thousands of
Millions of Yen U.S. Dollars
2000 1999 2000
Current (market value available):
Carrying amount ¥2 ¥14,243 $16
Aggregate market value 321,839 31
Net unrealized gains ¥1 ¥ 7,596 $15
Non-current (market value available):
Carrying amount ¥44,856 ¥ 32,230 $422,568
Aggregate market value 58,975 43,435 555,581
Net unrealized gains ¥14,119 ¥ 11,205 $ 133,013
The difference between the above carrying amounts and the amounts shown in the accompanying balance sheets principally consists of
non-marketable securities for which there is no readily-available market from which to obtain or calculate the market value thereof.
Due to the change in the Companies’ investment policy during the year ended March 31, 2000, the Company reclassified corporate shares
in the aggregate amount of ¥12,636 million ($119,048 thousand) from “Marketable securities” to “Investments in securities”.
4. INVENTORIES
Inventories at March 31, 2000 and 1999 consisted of the following:
Thousands of
Millions of Yen U.S. Dollars
2000 1999 2000
Finished and semi–finished products ¥ 55,072 ¥ 62,401 $ 518,817
Work in process 85,213 72,354 802,760
Raw materials and supplies 13,562 15,822 127,763
¥153,847 ¥150,577 $1,449,340