Yamaha 2003 Annual Report Download - page 29

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ANNUAL REPORT 2003 27
Thousands of
Millions of Yen U.S. Dollars (Note 2)
LIABILITIES AND SHAREHOLDERS’ EQUITY 2003 2002 2003
Current liabilities:
Short-term loans (Note 5) ............................................................................. ¥ 27,078 ¥ 47,871 $ 225,275
Convertible bonds scheduled for redemption within one year ...................... 24,317 — 202,304
Current portion of long-term debt (Note 5) ................................................... 10,090 4,363 83,943
Notes and accounts payable ......................................................................... 39,462 36,880 328,303
Accrued expenses ........................................................................................ 42,501 41,987 353,586
Income taxes payable ................................................................................... 3,101 1,224 25,799
Advances received ....................................................................................... 3,428 3,742 28,519
Deferred income taxes (Note 10) .................................................................. 92 65 765
Other current liabilities................................................................................ 8,074 8,360 67,171
Total current liabilities................................................................................ 158,148 144,498 1,315,707
Long-term liabilities:
Long-term debt (Note 5) ............................................................................... 28,951 43,932 240,857
Deferred income taxes (Note 10) .................................................................. 266 316 2,213
Deferred income taxes on land revaluation (Note 1 (p))................................ 13,577 14,638 112,953
Accrued employees’ retirement benefits (Note 12)....................................... 53,988 59,074 449,151
Directors’ retirement benefits....................................................................... 965 859 8,028
Long-term deposits received ........................................................................ 36,848 38,472 306,556
Other long-term liabilities............................................................................ 1,572 1,191 13,078
Total long-term liabilities............................................................................ 136,171 158,486 1,132,870
Minority interests.......................................................................................... 3,925 4,712 32,654
Contingent liabilities (Note 13)
Shareholders’ equity (Note 11):
Common stock:
Authorized—700,000,000 shares;
Issued —206,523,263 shares............................................................ 28,533 28,533 237,379
Capital surplus............................................................................................. 40,052 26,924 333,211
Earned surplus............................................................................................. 162,344 157,589 1,350,616
Reserve for land revaluation (Note 1 (p))...................................................... 16,152 16,482 134,376
Net unrealized holding gain on other securities ........................................... 378 766 3,145
Translation adjustments ............................................................................... (32,753) (28,280) (272,488)
Treasury stock, at cost.................................................................................. (236) (49) (1,963)
Total shareholders’ equity, net .................................................................. 214,471 201,965 1,784,285
Total liabilities and shareholders’ equity ................................................. ¥512,716 ¥509,663 $4,265,524