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49
TOSHIBA Annual Report 2014
18. EQUITY
COMMON STOCK
The total number of authorized shares of the Company is 10,000,000,000. The total number of shares issued for the years
ended March 31, 2014 and 2013 are 4,237,602,026.
RETAINED EARNINGS
Retained earnings at March 31, 2014 and 2013 included a legal reserve of ¥39,232 million ($380,893 thousand) and ¥34,780
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 appropriations
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, 2014 do not reflect current year-end distributions of ¥16,937 million ($164,437 thousand) which started to be
paid from June 2, 2014.
Retained earnings at March 31, 2014 included the Group's equity in undistributed earnings of equity method investees
in the amount of ¥110,816 million ($1,075,883 thousand).
ACCUMULATED OTHER COMPREHENSIVE LOSS
The changes in accumulated other comprehensive loss for the year ended March 31, 2014 are as follows:
Millions of yen
Net unrealized gains and
losses on securities
Foreign currency
translation adjustments
Pension liability
adjustments
Net unrealized gains and
losses on derivative
instruments Total
Balance at beginning of year ¥ 78,165 ¥ (219,548) ¥ (301,584) ¥ (973) ¥ (443,940)
Other comprehensive income
arising during year 18,145 99,738 38,184 9156,076
Amounts฀reclassified฀from฀accumulated฀
other comprehensive loss
(2,386) 10,671 14,898 (1,398) 21,785
Net current year change ¥ 15,759 ¥ 110,409 ¥ 53,082 ¥ (1,389) ¥ 177,861
Balance at end of year ¥ 93,924 ¥ (109,139) ¥ (248,502) ¥ (2,362) ¥ (266,079)
Thousands of U.S. dollars
Net unrealized gains and
losses on securities
Foreign currency
translation adjustments
Pension liability
adjustments
Net unrealized gains and
losses on derivative
instruments Total
Balance at beginning of year $ 758,884 $ (2,131,534) $ (2,928,000) $ (9,447) $ (4,310,097)
Other comprehensive income
arising during year 176,165 968,330 370,718 88 1,515,301
Amounts฀reclassified฀from฀accumulated฀
other comprehensive loss
(23,165) 103,602 144,641 (13,573) 211,505
Net current year change $ 153,000 $ 1,071,932 $ 515,359 $ (13,485) $ 1,726,806
Balance at end of year $ 911,884 $ (1,059,602) $ (2,412,641) $ (22,932) $ (2,583,291)
The changes in accumulated other comprehensive loss for the year ended March 31, 2013 are as follows:
Millions of yen
Net unrealized gains and
losses on securities
Foreign currency
translation adjustments
Pension liability
adjustments
Net unrealized gains and
losses on derivative
instruments Total
Balance at beginning of year ¥ 57,093 ¥ (286,262) ¥ (338,348) ¥ (462) ¥ (567,979)
Current year change 21,072 66,714 36,764 (511) 124,039
Balance at end of year ¥ 78,165 ¥ (219,548) ¥ (301,584) ¥ (973) ¥ (443,940)