Toshiba 2001 Annual Report Download - page 62

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Commitments outstanding at March 31, 2001 for the purchase of property, plant and equipment
approximated ¥46,486 million ($374,887 thousand).
Rental expense for the years ended March 31, 2001 and 2000 aggregated ¥81,503 million ($657,282
thousand) and ¥79,299 million, respectively. Substantially all such rental expenses are related to
cancellable leases for office space, warehouses, and employees’ residential facilities. Such leases are
customarily renewed.
At March 31, 2001, contingent liabilities, principally for loans guaranteed, approximated ¥466,403
million ($3,761,315 thousand).
Management of the company believes that there are no legal actions pending against the company and
its subsidiaries which could result in damages against the company which would have a material effect
on the company’s consolidated financial statements.
The company has applied SFAS No. 115 in the fiscal year ended March 31, 2001 and restated its prior
years’ consolidated financial statements. The effects of the restatements on the consolidated balance
sheet as of March 31, 2000 and the related consolidated statements of income and shareholders’
equity for the year then ended are as follows:
Consolidated balance sheet:
Millions of yen
2000
As previously
March 31 reported As restated
Marketable securities ¥ 93,140 ¥ —
Other investments 139,534 —
Marketable securities and other investments — 360,279
Investments in and advances to affiliated companies 142,247 146,296
Other assets 449,851 396,014
Minority interest in consolidated subsidiaries 124,887 124,733
Retained earnings 635,966 643,250
Accumulated other comprehensive income (loss) (214,486) (143,799)
Consolidated statement of income:
Millions of yen
2000
As previously
Year ended March 31 reported As restated
Income taxes—deferred ¥(61,398) ¥(56,927)
Minority interest in loss of consolidated subsidiaries (1,735) (1,728)
Equity in income of affiliated companies 6,108 5,683
Net loss (28,000) (32,903)
Exact yen
2000
As previously
Year ended March 31 reported As restated
Per share of common stock:
Net loss—basic and diluted ¥(8.70) ¥(10.22)
Consolidated statement of shareholders’ equity:
Millions of yen
2000
As previously
Year ended March 31 reported As restated
Other comprehensive income (loss), net of tax
Unrealized gains on securities ¥— ¥4,457
60
19.
Restatement
of Financial
Statements
18.
Commitments
and Contingent
Liabilities