Sharp 2011 Annual Report Download - page 43

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41
Annual Report 2011
Financial Section
payable amounted to ¥602,081 million, a decrease of
¥51,072 million. Other current liabilities increased by
¥70,546 million to ¥126,692 million.
Long-term liabilities increased by ¥44,631 million to
¥591,120 million. This was mainly due to a ¥41,969 mil-
lion increase in long-term debt.
Interest-bearing debt was ¥847,250 million, an
increase of ¥27,115 million.
Net Assets
Net assets amounted to ¥1,048,645 million, a decrease
of ¥17,215 million. Foreign currency translation adjust-
ments decreased by ¥13,034 million from the end of the
prior year, due to foreign exchange fluctuations. The equi-
ty ratio was 35.6%.
Cash Flows
Cash and cash equivalents at end of year stood at
¥241,110 million, a decrease of ¥87,015 million over
the prior year, as combined payments in investing and
financing activities exceeded proceeds from operat-
ing activities.
Net cash provided by operating activities decreased
by ¥136,121 million to ¥167,443 million. This was main-
ly due to an increase of ¥61,499 million in increase in
inventories and a decrease in payables of ¥762 million
(compared to an increase of ¥131,698 million in the prior
year), which was slightly offset by a decrease of ¥36,893
million in increase in notes and accounts receivable.
Net cash used in investing activities amounted to
¥244,613 million, a decrease of ¥9,192 million. This was
mainly due to a ¥27,368 million decrease in purchase of
property, plant and equipment, which was slightly off-
set by ¥24,524 million payments for purchase of
investments in subsidiaries resulting in the change in
scope of consolidation.
Net cash used in financing activities amounted to
¥6,254 million, a decrease of ¥29,187 million. This was
mainly due to a ¥7,328 million increase in short-term bor-
rowings, net (compared to a ¥171,315 million decrease
in the prior year), which was slightly offset by a ¥71,449
million decrease in proceeds from long-term debt and a
¥62,528 million increase in repayments of long-term debt.
0
300
600
900
07 08 09 10 11
Interest-Bearing Debt
(billions of yen)
0
30
40
50
07 08 09 10 11
Equity Ratio
(%)
0
100
200
300
400
07 08 09 10 11
Cash and Cash Equivalents
(billions of yen)