Toshiba 2009 Annual Report Download - page 96

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44
Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
M arch 31, 2009
19. SHAREHOLDERS’ EQUITY
COM M ON STOCK
The total number of authorized shares of the Company is 10,000,000,000.
The change in the total number of shares issued for the years ended March 31,2009 and 2008 are as follows:
Shares
Year ended M arch 31 2009 2008
Shares issued at beginning of year 3,237,031,486 3,219,027,165
Increase due to conversion of convertible bonds
with stock acquisition rights 570,540 18,004,321
Shares at end of period 3,237,602,026 3,237,031,486
RETAINED EARNINGS
Retained earnings at March 31, 2009 and 2008 included a legal reserve of ¥22,429 million ($228,867 thousand) and ¥20,042
million, respectively. The Corporation Law of Japan provides that an amount equal to 10% of distributions from retained
earnings paid by Toshiba Corporation and its Japanese subsidiaries be appropriated as a legal reserve. No further appropria-
tions are required when the total amount of the additional paid-in capital and the legal reserve equals 25% of their respective
stated capital. The Corporation Law of Japan also provides that additional paid-in capital and legal reserve are available for
appropriations by the resolution of the stockholders.
The amount of retained earnings available for dividends is based on Toshiba Corporation’s retained earnings determined in
accordance with generally accepted accounting principles in Japan and the Corporation Law of Japan.
Retained earnings at March 31, 2009 included the Company’s equity in undistributed earnings of affiliated companies
accounted for by the equity method in the amount of ¥58,787 million ($599,867 thousand).
ACCUM ULATED OTHER COM PREHENSIVE LOSS
An analysis of the changes in accumulated other comprehensive loss, net of tax, for the years ended March 31, 2009 and 2008
are shown below:
Thousands of
M illions of yen U.S. dollars
Year ended M arch 31 2009 2008 2009
Net unrealized gains and losses on securities:
Balance at beginning of year ¥ 53,461 ¥ 80,801 $ 545,520
Current year change (31,822) (27,340) (324,714)
Balance at end of year ¥ 21,639 ¥ 53,461 $ 220,806
Foreign currency translation adjustments:
Balance at beginning of year ¥ (117,552) ¥ (21,938) $ (1,199,510)
Current year change (105,221) (95,614) (1,073,684)
Balance at end of year ¥ (222,773) ¥ (117,552) $ (2,273,194)
Pension liability adjustments:
Balance at beginning of year ¥ (256,839) ¥ (190,118) $ (2,620,806)
Current year change (57,739) (66,721) (589,173)
Balance at end of year ¥ (314,578) ¥ (256,839) $ (3,209,979)
Net unrealized gains and losses on derivative instruments:
Balance at beginning of year ¥ (1,284) ¥27$ (13,102)
Current year change (1,000) (1,311) (10,204)
Balance at end of year ¥ (2,284) ¥ (1,284) $ (23,306)
Total accumulated other comprehensive loss:
Balance at beginning of year ¥ (322,214) ¥ (131,228) $ (3,287,898)
Current year change (195,782) (190,986) (1,997,775)
Balance at end of year ¥ (517,996) ¥ (322,214) $ (5,285,673)