Yamaha 2003 Annual Report Download - page 31

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ANNUAL REPORT 2003 29
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
YAMAHA CORPORATION and Consolidated Subsidiaries
Years ended March 31, 2003 and 2002
Thousands of
Millions of Yen U.S. Dollars (Note 2)
2003 2002 2003
Common stock:
Balance at beginning of year
(2003 and 2002—206,523,263 shares).................................................... ¥ 28,533 ¥ 28,533 $ 237,379
Balance at end of year
(2003 and 2002—206,523,263 shares).................................................... ¥ 28,533 ¥ 28,533 $ 237,379
Capital surplus:
Balance at beginning of year ........................................................................ ¥ 26,924 ¥ 26,924 $ 223,993
Add:
Capital surplus arising from mergers........................................................ 13,127 — 109,210
Balance at end of year............................................................................. ¥ 40,052 ¥ 26,924 $ 333,211
Earned surplus:
Balance at beginning of year ........................................................................ ¥157,589 ¥170,496 $1,311,057
Add:
Effect of changes in scope of consolidation .............................................. 849 474 7,063
Effect of changes in interests in subsidiaries ........................................... — 15 —
Reversal of reserve for land revaluation ................................................... 869 0 7,230
Reversal of reserve for land revaluation arising from
change in interest in a consolidated subsidiary...................................... 88 82 732
Net income (loss)...................................................................................... 17,947 (10,274) 149,309
Deduct:
Effect of changes in scope of consolidation .............................................. — (607) —
Effect of changes in interests in subsidiaries ........................................... 13 (945) 108
Cash dividends paid................................................................................. 1,857 (1,652) 15,449
Bonuses to directors and statutory auditors .............................................. 0 (1) 0
Decrease due to merger............................................................................ 13,127 — 109,210
Balance at end of year............................................................................ ¥162,344 ¥157,589 $1,350,616
Reserve for land revaluation:
Balance at beginning of year ........................................................................ ¥ 16,482 ¥ 8,269 $ 137,121
Add:
Gain on land revaluation .......................................................................... — 8,295 —
Gain on land revaluation resulting from effect of
change in statutory tax rate .................................................................... 627 — 5,216
Deduct:
Reversal of reserve for land revaluation ................................................... (869) 0 (7,230)
Reversal of reserve for land revaluation resulting from
change in interest in a consolidated subsidiary...................................... (88) (82) (732)
Balance at end of year............................................................................ ¥ 16,152 ¥ 16,482 $ 134,376
Unrealized holding gains on other securities:
Balance at beginning of year ........................................................................ ¥ 766 ¥ 308 $ 6,373
Net change during the year ...................................................................... (388) 458 (3,228)
Balance at end of year............................................................................ ¥ 378 ¥ 766 $ 3,145
Translation adjustments:
Balance at beginning of year ........................................................................ ¥ (28,280) ¥ (37,794) $ (235,275)
Net change during the year ...................................................................... (4,473) 9,514 (37,213)
Balance at end of year............................................................................ ¥ (32,753) ¥ (28,280) $ (272,488)
Treasury stock, at cost:
Balance at beginning of year
(2003—46,038 shares; 2002—5,136 shares)............................................. ¥ (49) ¥ (5) $ (408)
Net change during the year ...................................................................... (187) (44) (1,556)
Balance at end of year
(2003—391,160 shares; 2002—46,038 shares)......................................... ¥ (236) ¥ (49) $ (1,963)
See notes to consolidated financial statements.