Ricoh 2002 Annual Report Download - page 42

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39
The significant transactions of Ricoh with these affiliates for the years ended
March 31, 2000, 2001 and 2002, and the related account balances at March 31,
2001 and 2002 are summarized as follows:
As of March 31, 2002, consolidated retained earnings included undistributed
earnings of 20% to 50% owned companies accounted for by the equity m ethod in
the am ount of ¥37,819 million ( $284,353 thousand) .
The unrealized gains regarding the above transactions were eliminated in
the consolidated financial statem ents.
Thousands of
U.S. dollars
2 0 0 2
Transactions—
Sales
Purchases
Dividend incom e
2 0 0 2
¥ 2 5 ,4 1 3
1 5 ,5 8 4
1 ,1 3 3
$191,075
1 1 7 ,1 7 3
8 ,5 1 9
2001
¥20,952
13,673
1,008
2000
¥23,231
13,412
1,651
Thousands of
U.S. dollars
2 0 0 2
Account balances—
Receivables
Payables
Millions of yen
2002
¥ 8 ,5 1 3
2 ,8 5 8
$64,008
2 1 ,4 8 9
2001
¥6,398
1,979
Millions of yen
7 . INVESTMENTS IN AND ADVANCES TO AFFILIATES
The investments in and advances to affiliates primarily relate to 20% to 50%
owned companies. Included in these com panies is COCA-COLA WEST JAPAN
COMPANY, LIMITED, a 20.8% owned m ajor affiliate. The comm on stock of this
company is publicly traded. The carrying value of the investm ent in this company
was equal to its underlying book value and am ounted to ¥37,196 million
( $279,669 thousand) as of March 31, 2002. The quoted market value of this com-
pany was ¥37,299 million ( $280,444 thousand) as of March 31, 2002.
The underlying book value of the other 20% to 50% owned companies is ap-
proximately the sam e as their carrying value.
Sum marized financial information for all affiliates as of March 31, 2001 and
2002 and for the years ended March 31, 2000, 2001 and 2002 is as follows:
Financial Position
$ 3 1 4 ,6 7 7
105,053
1,566,150
$1,985,880
¥ 4 1 ,8 5 2
1 3 ,9 7 2
208,298
¥ 2 6 4 ,1 2 2
¥ 34,389
8,043
185,159
¥227,591
Liabilities and shareholders’
investm ent—
Current liabilities
Other liabilities
Shareholders’ investm ent
Assets—
Current assets
Other assets
Thousands of
U.S. dollars
2 0 0 2
Millions of yen
2 0 0 2
$ 9 2 4 ,6 1 7
1,061,263
$1,985,880
¥ 1 2 2 ,9 7 4
141,148
¥ 2 6 4 ,1 2 2
¥124,244
103,347
¥227,591
2001
Sales
Costs and
expenses
Net incom e
Thousands of
U.S. dollars
2 0 0 2
Millions of yen
2 0 0 2
2001
$ 2 ,1 7 2 ,8 7 2
2 ,0 8 9 ,8 5 0
$ 8 3 ,0 2 2
¥288,992
2 7 7 ,9 5 0
¥ 1 1 ,0 4 2
¥263,804
254,137
¥ 9,667
2000
¥229,825
217,316
¥ 12,509
Operations