Pioneer 2010 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 2010 Pioneer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

LIABILITIES AND EQUITY
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2010 2009 2010
Current Liabilities:
Short-term borrowings (Notes 7 and 15) ¥ 14,567 ¥110,000 $ 156,634
Current portion of long-term debt (Notes 7 and 15) 63,332 2,808 680,989
Trade payables (Note 15) 57,694 40,798 620,366
Income taxes payable (Note 15) 5,016 4,153 53,935
Accrued expenses 39,813 50,763 428,097
Warranty reserve 3,504 4,222 37,678
Other current liabilities 15,241 19,676 163,882
Total current liabilities 199,167 232,420 2,141,581
Long-term Liabilities:
Long-term debt (Notes 7 and 15) 86,911 67,242 934,527
Accrued pension and severance costs (Note 8) 9,300 12,704 100,000
Other long-term liabilities (Note 11) 3,687 4,879 39,645
Total long-term liabilities 99,898 84,825 1,074,172
Commitments and Contingent Liabilities (Notes 13 and 16):
Equity (Note 9):
Common stock, no par value
Authorized: 400,000,000 shares;
Issued: 326,093,836 shares in 2010 and 210,063,836 shares in 2009 87,257 69,824 938,247
Capital surplus 119,487 102,054 1,284,806
Retained earnings (45,096) 13,250 (484,903)
Unrealized gain on available-for-sale securities 4,897 1,552 52,656
Deferred gain on derivatives under hedge accounting –42 –
Foreign currency translation adjustments (66,390) (63,549) (713,871)
Pension adjustments recognized by foreign consolidated subsidiaries (1,946) (1,551) (20,925)
Treasury stock—at cost, 5,021,028 shares in 2010 and
5,051,933 shares in 2009 (11,049) (11,124) (118,806)
Total 87,160 110,498 937,204
Minority interests 3,494 1,350 37,570
Total equity 90,654 111,848 974,774
Total ¥389,719 ¥429,093 $4,190,527
See notes to consolidated financial statements.
25
PIONEER CORPORATION Annual Report 2010