Pioneer 2008 Annual Report Download - page 35

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Annual Report 2008 33
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
Liabilities and Shareholders’ Equity 2007 2008 2008
Current liabilities:
Short-term borrowings (Note 12) ¥ 12,028 ¥ 14,812 $ 148,120
Current portion of long-term debt (Note 12) 6,577 13,672 136,720
Trade payables 93,351 86,195 861,950
Accrued liabilities—
Taxes on income 7,674 5,601 56,010
Payroll 16,965 16,346 163,460
Royalty 17,164 14,002 140,020
Other 46,928 39,418 394,180
Warranty reserve (Note 24) 6,843 5,265 52,650
Dividends payable 872 513 5,130
Deposit on sales contract (Note 18) 14,112 ––
Other current liabilities 20,199 26,183 261,830
Total current liabilities 242,713 222,007 2,220,070
Long-term liabilities:
Long-term debt (Note 12) 86,015 72,041 720,410
Accrued pension and severance cost (Note 13) 23,793 30,319 303,190
Deferred income taxes (Note 14) 285 281 2,810
Other long-term liabilities 263 2,711 27,110
Total long-term liabilities 110,356 105,352 1,053,520
Commitments and contingent liabilities (Note 25)
Minority interests (Note 4) 14,289 1,362 13,620
Shareholders’ equity (Note 15):
Common stock, no par value (Note 3)
Authorized—400,000,000 shares
Issued—180,063,836 shares—2007 and 210,063,836 shares—2008 49,049 69,824 698,240
Capital surplus (Note 3) 82,983 103,578 1,035,780
Retained earnings 165,321 145,295 1,452,950
Accumulated other comprehensive loss (Note 17) (16,784) (60,178) (601,780)
Treasury stock at cost, 5,647,513 shares—2007
and 5,046,888 shares—2008 (12,453) (11,124) (111,240)
Total shareholders’ equity 268,116 247,395 2,473,950
Total liabilities and shareholders’ equity ¥635,474 ¥576,116 $5,761,160
See notes to consolidated financial statements.