Toshiba 2000 Annual Report Download - page 53

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RECLASSIFICATIONS –
Certain reclassifications of previously reported amounts have been made to conform with current classifications.
3. U.S. DOLLAR AMOUNTS:
U.S. dollar amounts are included solely for convenience. These translations should not be construed as representations that the yen
amounts actually represent, or have been or could be converted into, U.S. dollars. The amounts shown in U.S. dollars are not intended to
be computed in accordance with generally accepted accounting principles for the translation of foreign currency amounts. The rate of
¥106=US$1, the approximate current rate of exchange at March 31, 2000, has been used throughout for the purpose of presentation
of the U.S. dollar amounts in the accompanying consolidated financial statements.
4. MARKETABLE SECURITIES AND OTHER INVESTMENTS:
The Financial Accounting Standards Board has issued Statement of Financial Accounting Standards (SFAS) No. 115, “Accounting for
Certain Investments in Debt and Equity Securities,” addressing the accounting and reporting for certain investments in debt and
equity securities classified as held-to-maturity, trading, or available-for-sale securities. Under SFAS No. 115, the debt and equity
securities owned by the company should be classified as available-for-sale securities and should be reported at fair value with unrealized
gains and losses, net of related taxes, excluded from earnings and reported in other comprehensive income (loss) until realized.
However, the company has not adopted this standard which became effective for the fiscal year beginning April 1, 1994.
The effects on balance sheet items of the company’s departure from the provisions of SFAS No. 115 as of March 31, 2000 and
1999 are summarized as follows: Thousands of
Millions of yen U.S. dollars
March 31 2000 1999 2000
Shareholders’ equity as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 982,128 ¥1,050,336 $ 9,265,358
Net increase in the carrying amount of:
Marketable securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,270 104,156 870,471
Other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,335 27,808 333,349
Net decrease in deferred tax assets:
Prepaid expenses and other current assets . . . . . . . . . . . . . . . . . . . . . . . (38,983) (44,345) (367,764)
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (14,854) (11,629) (140,132)
Net decrease in minority interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154 45 1,453
Net increase in investments in affiliated companies . . . . . . . . . . . . . . . . . . . 4,049 2,382 38,198
Net unrealized gain on available-for-sale securities . . . . . . . . . . . . . . . . . . . . . 77,971 78,417 735,575
Shareholders’ equity in accordance with accounting principles
generally accepted in the United States of America . . . . . . . . . . . . . . . . . . . . ¥1,060,099 ¥1,128,753 $10,000,933
The net unrealized gain on available-for-sale securities decreased by ¥446 million ($4,207 thousand) and ¥25,914 million during
the years ended March 31, 2000 and 1999, respectively. If the provisions of SFAS No. 115 had been adopted, comprehensive loss for
the years ended March 31, 2000 and 1999 would have been ¥59,003 million ($556,632 thousand) and ¥151,442 million, respectively.