Yamaha 2010 Annual Report Download - page 51

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LIABILITIES
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2010 2009 2010
Current liabilities:
Notes and accounts payable — trade (Note 25) ¥ 21,791 ¥ 25,625 $ 234,211
Short-term loans payable (Notes 8 and 25) 8,816 14,216 94,755
Current portion of long-term loans payable 1,023 1,483 10,995
Accounts payable — other and accrued expenses (Note 25) 32,496 34,012 349,269
Income taxes payable 1,900 2,090 20,421
Advances received (Note 8) 986 1,385 10,598
Deferred tax liabilities (Note 17) 764 75
Provision for product warranties 2,492 3,380 26,784
Provision for business restructuring expenses (Note 12) 926 3,161 9,953
Other (Note 6) 4,741 4,628 50,957
Total current liabilities 75,182 90,050 808,061
Noncurrent liabilities:
Long-term loans payable (Notes 8 and 25) 5,177 3,491 55,643
Deferred tax liabilities (Note 17) 929 126 9,985
Deferred tax liabilities for land revaluation (Note 9) 14,931 16,776 160,479
Provision for retirement benefits (Note 21) 33,675 27,628 361,941
Long-term deposits received (Note 25) 16,144 16,723 173,517
Other 1,519 2,336 16,326
Total noncurrent liabilities 72,378 67,083 777,923
Contingent liabilities (Note 22)
NET ASSETS
Shareholders' equity (Note 20):
Capital stock:
Authorized — 700,000,000 shares;
Issued 2010 — 197,255,025 shares 28,534 —306,685
2009 — 197,255,025 shares —28,534 —
Capital surplus 40,054 40,054 430,503
Retained earnings 167,614 176,739 1,801,526
Treasury stock (34) (29) (365)
Total shareholders' equity 236,169 245,298 2,538,360
Valuation and translation adjustments:
Valuation difference on available-for-sale securities 34,000 19,817 365,434
Deferred gains or losses on hedges (166) (394) (1,784)
Revaluation reserve for land (Note 9) 16,201 18,769 174,129
Foreign currency translation adjustments (34,466) (34,495) (370,443)
Total valuation and translation adjustments 15,569 3,697 167,337
Minority interests 2,852 2,845 30,653
Total net assets 254,591 251,841 2,736,361
Total liabilities and net assets ¥402,152 ¥408,974 $4,322,356
See notes to consolidated financial statements.
Annual Report 2010 49
Financial Section