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28 Sharp Annual Report 2004
Capital Investment* and Depreciation
Capital investment for the year was ¥248,178 million, an
increase of 45.8% over the previous year. The majority of
this was invested as follows: establishing the Kameyama
Plant, which handles the start-to-finish production of LCD
TVs; increasing production capacity for System LCDs at the
Mie No. 3 Plant; expanding production of CCD and CMOS
imagers; promoting miniaturization of design rule for flash
memory; and, strengthening production of solar cells.
With regard to capital investment by segment,
Consumer/Information Products was ¥32,127 million, and
Electronic Components was ¥216,051 million.
Depreciation and amortization for the year increased
9.6%, to ¥159,831 million.
*The amount of properties for lease is included in capital investment.
Financial Position
Total assets increased ¥145,418 million over the previous
year, to ¥2,150,250 million.
[Assets]
Current assets increased ¥37,660 million over the previ-
ous year, to ¥1,148,135 million. Cash and cash equiva-
lents, and notes and accounts receivable increased by
¥5,911 million and ¥60,596 million, respectively, while
short-term investments, including certificates of deposits
over three months and bonds and others, decreased
¥18,631 million.
Inventories decreased ¥11,296 million, to ¥273,668
million, and the inventory ratio against monthly turnover
improved from 1.7 to 1.5 months. Finished products
decreased ¥19,074 million, to ¥156,264 million. Work in
process increased ¥5,019 million, to ¥57,191 million, and raw
materials increased ¥2,759 million, to ¥60,213 million.
Plant and equipment increased ¥87,810 million, to
¥760,797 million, due primarily to investment in the Mie
No. 3 Plant and the Kameyama Plant.
Investments and other assets were ¥241,318 million,
an increase of ¥19,948 million, mainly attributable to an
increase in investments in securities of ¥24,951 million
over the previous year, due to higher stock prices.
[Liabilities]
Current liabilities increased ¥131,607 million over the
previous year, to ¥950,015 million. Short-term borrowings
decreased ¥26,968 million, to ¥215,577 million. Of this
amount, bank loans decreased ¥24,442 million, to
Ratio to Monthly Turnover
0
20
40
60
80
100
120
140
160
00 01 02 0403
153
159
152
133
145
00 01 02 0403
98
248
162
147
170
0
50
100
150
200
250
Depreciation and
Amortization
Capital Investment
1
,
000
1
,
200
1
,
400
1
,
600
1
,
800
2
,
000
2
,
200
00 01 02 0403
1
,
922
2
,
150
2
,
003
1
,
966
2
,
004
Total Assets
00 01 02 0403
266 271
284 284
0
100
200
300
273
0
1
2
3
Inventories
(billions of yen) (billions of yen) (billions of yen) (billions of yen) (month)