Pioneer 2007 Annual Report Download - page 35

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Annual Report 2007 34
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
Liabilities and Shareholders’ Equity 2006 2007 2007
Current liabilities:
Short-term borrowings (Note 11) ¥ 23,205 ¥ 12,028 $ 101,932
Current portion of long-term debt (Note 11) 7,165 6,577 55,737
Trade payables 102,082 93,351 791,110
Accrued liabilities—
Taxes on income 6,987 7,674 65,034
Payroll 16,640 16,965 143,771
Royalty 17,579 17,164 145,458
Other 56,656 46,928 397,695
Warranty reserve (Note 23) 6,603 6,843 57,992
Dividends payable 436 872 7,390
Liabilities held for sale (Note 4) 17,863 ––
Deposit on sales contract (Note 17) – 14,112 119,593
Other current liabilities 17,076 20,199 171,178
Total current liabilities 272,292 242,713 2,056,890
Long-term liabilities:
Long-term debt (Note 11) 92,970 86,015 728,941
Accrued pension and severance cost (Note 12) 23,475 23,793 201,635
Deferred income taxes (Note 13) 1,718 285 2,415
Other long-term liabilities 232 263 2,229
Total long-term liabilities 118,395 110,356 935,220
Commitments and contingent liabilities (Note 24)
Minority interests 14,109 14,289 121,093
Shareholders’ equity (Note 14):
Common stock, no par value
Authorized—400,000,000 shares
Issued—180,063,836 shares—2006 and 2007 49,049 49,049 415,670
Capital surplus 82,910 82,983 703,246
Retained earnings 173,826 165,321 1,401,025
Accumulated other comprehensive loss (Note 16) (20,092) (16,784) (142,237)
Treasury stock at cost, 5,641,946 shares—2006 and 5,647,513 shares—2007 (12,443) (12,453) (105,534)
Total shareholders’ equity 273,250 268,116 2,272,170
Total liabilities and shareholders’ equity ¥678,046 ¥635,474 $5,385,373
See notes to consolidated financial statements.