Toshiba 2007 Annual Report Download - page 92

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6. INVENTORIES
Inventories consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2007 2006 2007
Finished products ¥319,982 ¥275,231 $2,711,712
Work in process:
Long-term contracts 94,121 100,081 797,636
Other 243,588 181,297 2,064,305
Raw materials 143,822 108,313 1,218,830
¥801,513 ¥664,922 $6,792,483
7. INVESTMENTS IN AND ADVANCES TO AFFILIATES
The Company’s significant investments in affiliated companies accounted for by the equity method together with the per-
centage of the Company’s ownership of voting shares at March 31, 2007 were: Topcon Corporation (35.5%); Toshiba
Machine Co., Ltd. (34.1%); Toshiba Finance Corporation (“TFC”) (35.0%); Toshiba Mitsubishi-Electric Industrial Systems
Corporation (50.0%); and Semp Toshiba Amazonas S.A. (40.0%).
Of the affiliates which were accounted for by the equity method, the investments in common stock of the listed companies
were carried at ¥50,576 million ($428,610 thousand) and ¥68,377 million at March 31, 2007 (4 companies) and 2006 (5 com-
panies), respectively. The Company’s investments in these companies had market values of ¥141,378 million ($1,198,119
thousand) and ¥207,340 million at March 31, 2007 and 2006, respectively, based on quoted market prices at those dates.
Summarized financial information of the affiliates accounted for by the equity method is shown below:
Thousands of
Millions of yen U.S. dollars
March 31 2007 2006 2007
Current assets ¥1,266,067 ¥1,143,036 $ 10,729,381
Other assets including property, plant and equipment 953,224 1,074,125 8,078,170
Total assets ¥2,219,291 ¥2,217,161 $18,807,551
Current liabilities ¥1,158,622 ¥1,079,690 $ 9,818,830
Long-term liabilities 466,049 475,319 3,949,568
Shareholders’ equity 594,620 662,152 5,039,153
Total liabilities and shareholders’ equity ¥2,219,291 ¥2,217,161 $18,807,551
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2007 2006 2007
Sales ¥1,783,737 ¥1,596,139 $15,116,415
Net income (loss) 29,503 (25,737) 250,025
A summary of transactions and balances with the affiliates accounted for by the equity method is presented below:
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2007 2006 2007
Sales ¥154,836 ¥110,336 $1,312,169
Purchases 131,066 96,835 1,110,729
Dividends 18,036 13,526 152,847
Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2007