Yamaha 2003 Annual Report Download - page 28

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Thousands of
Millions of Yen U.S. Dollars (Note 2)
ASSETS 2003 2002 2003
Current assets:
Cash and bank deposits (Notes 5 and 17)..................................................... ¥ 44,485 ¥ 41,074 $ 370,092
Marketable securities (Notes 5 and 16) ........................................................ 1,370 356 11,398
Notes and accounts receivable ..................................................................... 81,755 74,519 680,158
Less: Allowance for doubtful accounts ......................................................... (2,625) (2,675) (21,839)
Inventories ................................................................................................... 80,144 84,264 666,755
Deferred income taxes (Note 10) .................................................................. 10,489 9,332 87,263
Prepaid expenses and other current assets (Note 6) ..................................... 5,469 4,267 45,499
Total current assets...................................................................................... 221,089 211,140 1,839,343
Property, plant and equipment, net of accumulated depreciation
(Notes 4 and 5):
Land............................................................................................................. 76,835 78,069 639,226
Buildings and structures .............................................................................. 67,166 70,745 558,785
Machinery and equipment............................................................................ 33,639 35,440 279,859
Construction in progress............................................................................... 1,082 1,003 9,002
Property, plant and equipment, net of accumulated depreciation...... 178,724 185,261 1,486,889
Investments and other assets:
Investment securities (Notes 3, 5 and 16) .................................................... 77,622 76,307 645,774
Long-term loans receivable .......................................................................... 694 1,733 5,774
Lease deposits.............................................................................................. 5,013 5,087 41,705
Deferred income taxes (Note 10) .................................................................. 24,663 26,384 205,183
Excess of cost over net assets acquired ........................................................ 107 173 890
Other assets.................................................................................................. 4,800 3,573 39,933
Total investments and other assets............................................................ 112,902 113,260 939,285
Total assets ................................................................................................... ¥512,716 ¥509,663 $4,265,524
See notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS
YAMAHA CORPORATION and Consolidated Subsidiaries
At March 31, 2003 and 2002
26 YAMAHA CORPORATION