Toshiba 2011 Annual Report Download - page 113

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47
Company’s consolidated balance sheets increased by ¥159,620 million and ¥157,921 million from both issuances,
respectively, for the year ended March 31, 2010.
RETAINED EARNINGS
Retained earnings at March 31, 2011 and 2010 included a legal reserve of ¥24,129 million ($290,711 thousand) and
¥25,103 million, respectively. The Corporation Law of Japan provides that an amount equal to 10% of distributions from
retained earnings paid by the Company and its Japanese subsidiaries be appropriated as a legal reserve. No further
distributions 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 distributions by the resolution of the stockholders.
The amount of retained earnings available for distributions is based on the Company’s retained earnings determined in
accordance with generally accepted accounting principles in Japan and the Corporation Law of Japan. Retained earnings at
March 31, 2011 do not reflect current year-end distributions of ¥12,705 million ($153,072 thousand) which started to be
paid from June 1, 2011.
Retained earnings at March 31, 2011 included the Group’s equity in undistributed earnings of equity method investees
in the amount of ¥97,258 million ($1,171,783 thousand).
The Company resolved, at the board of directors meeting held on May 7, 2010, the submission of the disposition of the
Company’s other capital surplus based on Article 452 of the Corporation Law of Japan. As a result, the additional paid-in
capital was reduced by ¥46,772 million ($563,518 thousand), and the retained earnings was increased by the same amount
effective June 30, 2010 on the Company’s consolidated balance sheets.
ACCUMULATED OTHER COMPREHENSIVE LOSS
Analyses of the changes in accumulated other comprehensive loss, net of tax, for the years ended March 31, 2011 and 2010
are shown below:
Millions of yen
Thousands of
U.S. dollars
Year ended March 31 2011 2010 2011
Net unrealized gains and losses on securities:
Balance at beginning of year ¥ 73,226 ¥ 21,639 $ 882,241
Current year change (10,771) 51,587 (129,771)
Balance at end of year ¥ 62,455 ¥ 73,226 $ 752,470
Foreign currency translation adjustments:
Balance at beginning of year ¥ (231,467) ¥ (222,773) $ (2,788,760)
Current year change (43,641) (8,694) (525,795)
Balance at end of year ¥ (275,108) ¥ (231,467) $ (3,314,555)
Pension liability adjustments:
Balance at beginning of year ¥ (303,348) ¥ (314,578) $ (3,654,795)
Current year change (5,333) 11,230 (64,253)
Balance at end of year ¥ (308,681) ¥ (303,348) $ (3,719,048)
Net unrealized gains and losses on derivative instruments:
Balance at beginning of year ¥ (2,661) ¥ (2,284) $ (32,060)
Current year change 2,599 (377) 31,313
Balance at end of year ¥ (62) ¥ (2,661) $ (747)
Total accumulated other comprehensive loss:
Balance at beginning of year ¥ (464,250) ¥ (517,996) $ (5,593,374)
Current year change (57,146) 53,746 (688,506)
Balance at end of year ¥ (521,396) ¥ (464,250) $ (6,281,880)