Nikon 2002 Annual Report Download - page 17

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2002
2001
2000
1999
1998
483.0
484.0
371.8
305.8
372.1
2002
2001
2000
1999
1998
(16.2 )
56.5
21.0
(49.3 )
22.5
2002
2001
2000
1999
1998
177.0
186.1
166.5
161.0
171.1
2002
2001
2000
1999
1998
22.2
61.4
18.4
(8.7 )
27.5
2002
2001
2000
1999
1998
33.5
26.0
13.9
20.7
26.2
2002
2001
2000
1999
1998
(3.3 )
11.9
4.7
(11.0 )
4.9
2002
2001
2000
1999
1998
(6.0 )
20.9
7.8
(18.2 )
8.3
2002
2001
2000
1999
1998
27.3
22.8
17.8
18.7
21.6
15
FINANCIAL REVIEW AND ANALYSIS
At fiscal year-end, total assets amounted to ¥561.3 billion, down ¥32.2 billion, or 5.4%, relative to the previous fiscal year-end. This decline mainly
reflected lower sales, which reduced trade receivables. Current assets decreased by ¥48.2 billion, or 11.6%.
A reduction in trade payables helped to offset a rise in interest-bearing liabilities. Overall, total liabilities decreased by ¥23.0 billion.
Final cash dividend payments in 2002 totaled ¥3.0 billion. Net loss for the year amount to ¥6.0 billion. After accounting for an increase of
¥0.7 billion in the adjustment of retained earnings for newly consolidated subsidiaries and other factors, the net decrease in total shareholders’
equity amounted to ¥9.2 billion.
In terms of cash flows, cash and cash equivalents at year-end amounted to ¥24.6 billion. Net cash used by operating activities totaled ¥9.5
billion mostly caused by the payments of account receivables, income taxes and collection of account receivables. Net cash used in investing activ-
ities to fund capital expenditure, mainly related to expansion of production capacity, and other factors amounted to ¥25.9 billion. Net cash provid-
ed by financing activities generated a compensating inflow of ¥25.1 billion, principally due to increased issuance of commercial paper and higher
short-term borrowings.
R&D Costs
(¥ Billion)
Shareholders' Equity
(¥ Billion)
Return on Equity (%)
Net Sales
(¥ Billion)
Operating Income (Loss)
(¥ Billion)
Net Income (Loss)
(¥ Billion)
Net Income (Loss)
per Share (¥)
Capital Expenditures
(¥ Billion)