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34
Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2011
8. INVENTORIES
Inventories at March 31, 2011 and 2010 consist of the following:
Millions of yen
Thousands of
U.S. dollars
March 31 2011 2010 2011
Finished products ¥ 338,754 ¥ 303,860 $ 4,081,373
Work in process:
Long-term contracts 92,285 96,376 1,111,868
Other 269,439 243,807 3,246,253
Raw materials 163,904 151,558 1,974,747
¥ 864,382 ¥ 795,601 $ 10,414,241
9. INVESTMENTS IN AND ADVANCES TO AFFILIATES
The Group’s significant investments in affiliated companies accounted for by the equity method together with the
percentage of the Group’s ownership of voting shares at March 31, 2011 were: Topcon Corporation (35.5%); Toshiba
Machine Co., Ltd. (22.1%); 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 (5 companies) were carried at ¥35,443 million ($427,024 thousand) and ¥36,097 million at March 31, 2011 and
2010, respectively. The Group’s investments in these companies had market values of ¥42,525 million ($512,349 thousand)
and ¥44,192 million at March 31, 2011 and 2010, respectively, based on quoted market prices at those dates.
Summarized financial information of the affiliates accounted for by the equity method is shown below:
Millions of yen
Thousands of
U.S. dollars
March 31 2011 2010 2011
Current assets ¥ 1,439,938 ¥ 1,263,890 $ 17,348,651
Other assets including property, plant and equipment 1,225,127 1,111,965 14,760,566
Tot al ass ets ¥ 2,665,065 ¥ 2,375,855 $ 32,109,217
Current liabilities ¥ 1,264,533 ¥ 998,135 $ 15,235,337
Long-term liabilities 662,619 701,219 7,983,362
Equity 737,913 676,501 8,890,518
Total liabilities and equity ¥ 2,665,065 ¥ 2,375,855 $ 32,109,217
Millions of yen
Thousands of
U.S. dollars
Year ended March 31 2011 2010 2011
Sales ¥ 2,037,365 ¥ 1,876,055 $ 24,546,566
Net income 62,318 59,403 750,819
A summary of transactions and balances with the affiliates accounted for by the equity method is presented below:
Millions of yen
Thousands of
U.S. dollars
Year ended March 31 2011 2010 2011
Sales ¥ 163,185 ¥ 149,196 $ 1,966,084
Purchases 135,500 132,823 1,632,530
Dividends 11,341 11,580 136,639