Toshiba 1997 Annual Report Download - page 40

38.
The effects on balance sheet items of the company’s departure from the provisions of SFAS No. 115 as of March 31, 1997 and
1996 are summarized as follows:
Thousands of
Millions of yen U.S. dollars
March 31 1997 1996 1997
Shareholders’ equity as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,264,775 ¥1,202,265 $10,199,798
Net increase in the carrying amount of:
Marketable securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195,117 316,005 1,573,524
Other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,697 33,604 336,266
Net decrease in deferred tax assets:
Prepaid expenses and other current assets . . . . . . . . . . . . . . . . . (100,197) (161,579) (808,040)
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (21,375) (17,211) (172,379)
Net decrease (increase) in minority interest . . . . . . . . . . . . . . . . . . 132 (208) 1,064
Net increase in investments in affiliated companies . . . . . . . . . . . . . 8,678 11,706 69,984
Net unrealized gain on available-for-sale securities . . . . . . . . . . . . . . . 124,052 182,317 1,000,419
Shareholders’ equity in accordance with accounting principles
generally accepted in the United States of America . . . . . . . . . . . . . . ¥1,388,827 ¥1,384,582 $11,200,217
The net unrealized gain on available-for-sale securities decreased by ¥58,265 million ($469,879 thousand) and increased by
¥46,042 million during the years ended March 31, 1997 and 1996, respectively.
The aggregate carrying amount, gross unrealized holding gains and losses, and aggregate fair value for marketable equity securities
and debt securities classified as available-for-sale securities by security type at March 31, 1997 and 1996 are as follows:
(Millions of yen)
Gross Gross
Carrying unrealized unrealized
amount holding gains holding losses Fair value
March 31, 1997:
Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥192,281 ¥245,321 ¥ 9,992 ¥427,610
Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,315 1,513 28 21,800
¥212,596 ¥246,834 ¥10,020 ¥449,410
March 31, 1996:
Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥180,962 ¥357,077 ¥ 7,820 ¥530,219
Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,912 352 – 49,264
¥229,874 ¥357,429 ¥ 7,820 ¥579,483
(Thousands of U.S. dollars)
Gross Gross
Carrying unrealized unrealized
amount holding gains holding losses Fair value
March 31, 1997:
Equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,550,653 $1,978,395 $80,580 $3,448,468
Debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 163,831 12,201 226 175,806
$1,714,484 $1,990,596 $80,806 $3,624,274
At March 31, 1997, debt securities mainly consist of bank and corporate debt securities.
Contractual maturities of debt securities classified as available-for-sale were as follows at March 31, 1997:
Millions of yen Thousands of U.S. dollars
Carrying Carrying
amount Fair value amount Fair value
Due within one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥10,990 ¥11,591 $ 88,629 $ 93,476
Due after one year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,325 10,209 75,202 82,330
¥20,315 ¥21,800 $163,831 $175,806
The proceeds from sales of available-for-sale securities for the years ended March 31, 1997 and 1996 were ¥37,966 million
($306,177 thousand) and ¥22,777 million, respectively. The gross realized gains on those sales for the years ended March 31,
1997 and 1996 were ¥6,452 million ($52,032 thousand) and ¥1,400 million, respectively. The gross realized losses on those
sales for the years ended March 31, 1997 and 1996 were ¥64 million ($516 thousand) and ¥45 million, respectively.