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 OLYMPUS 2003
10. sh ar eh ol der s’equit y
Under the Code, the following are provided:
･The maximum amount that the Company can distribute as dividends is calculated based on the non-consolidated financial state-
ments of the Company in accordance with the Code.
･The entire amount of the issue price of shares is required to be accounted for as capital, although a company may, by resolution of its
Board of Directors, account for an amount not exceeding one-half of the issue price of the new shares as additional paid-in capital,
which is included in capital surplus.
･Dividends are approved by the shareholders’ meeting held subsequent to the statutory fiscal period to which the dividends are
payable to shareholders of record at the end of each such fiscal period.
･Semi-annual dividends are approved by the Board of Directors after the end of each first six-month period to which the dividends
are payable to shareholders of record at the end of interim six-month period.
11. cont ingent l iabil it ies
The Company and its consolidated subsidiaries were contingently liable for export bills discounted of ¥, million ($,thou-
sand) as of March , . As of March , , the Company and its consolidated subsidiaries were also contingently liable as guar-
antors of borrowings, primarily for housing loans to employees, amounting to ¥ million ($, thousand).
12. pl edged asset s
The following assets were pledged as collateral for short-term borrowings and long-term debt as of March ,  and :
t h ousan d s of
mil l ion s of yen u.s. dol l a r s
2003 2002 2003
Land ...................................................................................................................... ¥78 ¥70 $650
Buildings and structures .......................................................................................... 2,614 3,475 21,783
.................................................................................................................... ¥2,692 ¥3,545 $22,433
The obligations secured by such collateral were as follows:
t h ousan d s of
mil l ion s of yen u.s. dol l a r s
2003 2002 2003
Long-term debt ...................................................................................................... ¥2,543 ¥2,637 $21,192
13. cash and cash equival ent s
Reconciliations of cash and time deposits shown in the consolidated balance sheets and cash and cash equivalents shown in the con-
solidated statements of cash flows as of March ,  and  were as follows:
t h ousan d s of
mil l ion s of yen u.s. dol l a r s
2003 2002 2003
Cash and time deposits ........................................................................................... ¥102,216 ¥100,986 $ 851,800
Less: T ime deposits with maturities over three months............................................ (46,272) (45,641) (385,600)
Cash and cash equivalents ....................................................................................... ¥ 55,944 ¥55,345 $ 466,200
OLY MPUS AR03財務 for PDF 03.8.1 10:43 A M ページ 34