Pioneer 2011 Annual Report Download - page 27

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Pioneer Corporation Annual Report 2011 25
Thousands of
U.S. Dollars
Millions of Yen (Note 1)
LIABILITIES AND EQUITY 2011 2010 2011
Current Liabilities:
Short-term borrowings (Notes 7 and 15) ¥ 6,951 ¥ 14,567 $ 83,747
Current portion of long-term debt (Notes 7 and 15) 35,887 63,332 432,373
Trade payables (Note 15) 60,008 57,694 722,988
Income taxes payable (Note 15) 4,080 5,016 49,157
Accrued expenses 38,764 39,813 467,036
Warranty reserve 2,780 3,504 33,494
Other current liabilities 13,823 15,241 166,542
Total current liabilities 162,293 199,167 1,955,337
Long-term Liabilities:
Long-term debt (Notes 7 and 15) 47,250 86,911 569,278
Accrued pension and severance costs (Note 8) 8,576 9,300 103,325
Other long-term liabilities (Note 11) 3,139 3,687 37,819
Total long-term liabilities 58,965 99,898 710,422
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 2011 and 2010
87,257 87,257 1,051,289
Capital surplus 119,487 119,487 1,439,602
Accumulated deficit (34,746) (45,096) (418,627)
Treasury stock—at cost, 5,023,278 shares in 2011
and 5,021,028 shares in 2010
(11,050) (11,049) (133,132)
Accumulated other comprehensive income (loss):
Unrealized gain on available-for-sale securities 1,206 4,897 14,530
Deferred loss on derivatives under hedge accounting (26) — (313)
Foreign currency translation adjustments (75,693) (66,390) (911,964)
Pension adjustments recognized by foreign
consolidated subsidiaries (1,421) (1,946) (17,120)
Total accumulated other comprehensive loss (75,934) (63,439) (914,867)
Minority interests 3,440 3,494 41,446
Total equity 88,454 90,654 1,065,711
Total ¥ 309,712 ¥ 389,719 $ 3,731,470
See notes to consolidated financial statements.