|
 |
Financial Information:
Annual Report 2003
| Consolidated
Balance Sheets |
NSK Ltd. and Subsidiaries
| Millions of yen |
Thousands
of
U.S. dollars
(Note 2) |
| As of March
31 |
2003 |
2002 |
2003 |
| Assets |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
¥58,938 |
¥56,558 |
$491,150 |
| Short-term investments (Note 3) |
1,199 |
1,109 |
9,992 |
| Notes and accounts receivable: |
|
|
|
| Affiliated companies |
2,437 |
2,414 |
20,308 |
| Trade |
111,076 |
110,241 |
925,633 |
| Less allowance for doubtful receivables |
(1,276) |
(1,653) |
(10,633) |
| Inventories (Note 4) |
83,487 |
97,459 |
695,725 |
| Deferred tax assets (Note 7) |
5,999 |
5,293 |
49,992 |
| Other current assets |
23,886 |
20,068 |
199,050 |
|
| Total current assets |
285,749 |
291,490 |
2,381,242 |
|
| |
|
|
|
| Non-current assets: |
|
|
|
| Property, plant and equipment, at cost (Notes
5 and 9): |
|
|
|
| Land |
22,915 |
24,359 |
190,958 |
| Buildings |
145,645 |
145,108 |
1,213,708 |
| Machinery and equipment |
422,828 |
430,031 |
3,523,567 |
| Construction in progress |
7,102 |
13,321 |
59,183 |
|
| |
598,491 |
612,819 |
4,987,425 |
| Less accumulated depreciation |
(399,856) |
(395,254) |
(3,332,133) |
|
| Property, plant and equipment, net |
198,635 |
217,565 |
1,655,292 |
| Investments in and advances to affiliated
companies |
42,891 |
40,283 |
357,425 |
| Investment securities (Notes 3 and 9) |
36,805 |
82,494 |
306,708 |
| Deferred tax assets (Note 7) |
5,325 |
1,557 |
44,375 |
| Prepaid pension cost (Note 10) |
14,842 |
- |
123,683 |
| Other non-current assets |
8,848 |
9,433 |
73,733 |
|
| Total non-current assets |
307,349 |
351,332 |
2,561,242 |
| |
|
|
|
|
| Total assets |
¥593,098 |
¥642,823 |
$4,942,483 |
|
| |
| Millions of yen |
Thousands
of
U.S. dollars
(Note 2) |
| As of March
31 |
2003 |
2002 |
2003 |
| Liabilities and shareholders’ equity |
|
|
|
| Current liabilities: |
|
|
|
| Short-term debt (Notes 6 and 9) |
¥87,265 |
¥93,120 |
$727,208 |
| Current portion of long-term debt (Note 9) |
15,837 |
25,332 |
131,975 |
| Notes and accounts payable (Note 9): |
|
|
|
| Affiliated companies |
21,732 |
20,887 |
181,100 |
| Trade |
65,649 |
65,459 |
547,075 |
| Accrued income taxes (Note 7) |
3,816 |
1,377 |
31,800 |
| Accrued expenses and other current liabilities
(Note 8) |
33,012 |
33,200 |
275,100 |
|
| Total current liabilities |
227,314 |
239,378 |
1,894,283 |
|
| |
|
|
|
| Long-term liabilities: |
|
|
|
| Long-term debt (Note 9) |
164,677 |
153,906 |
1,372,308 |
| Accrued employees’ retirement benefits
(Note 10) |
6,503 |
13,141 |
54,192 |
| Accrued officers’ retirement benefits |
1,668 |
1,600 |
13,900 |
| Deferred tax liabilities (Note 7) |
2,756 |
6,945 |
22,967 |
| Other long-term liabilities |
7,875 |
6,859 |
65,625 |
|
| Total long-term liabilities |
183,481 |
182,455 |
1,529,008 |
|
| |
|
|
|
| Minority interests |
11,736 |
12,810 |
97,800 |
|
| |
|
|
|
| Shareholders’ equity (Note 11 and 16): |
|
|
|
| Common stock, without par value: |
|
|
|
| Authorized: |
|
|
|
| 2003 - 987,244,000
shares |
|
|
|
| 2002 - 987,244,000
shares |
|
|
|
| Issued: |
|
|
|
| 2003 - 551,268,104
shares |
67,176 |
- |
559,800 |
| 2002 - 551,268,104
shares |
- |
67,176 |
- |
| Additional paid-in capital |
77,923 |
77,923 |
649,358 |
| Retained earnings |
48,366 |
53,921 |
403,050 |
| Unrealized holding gain on securities |
5,133 |
24,316 |
42,775 |
| Translation adjustments |
(23,670) |
(14,749) |
(197,250) |
| Less treasury stock, at cost |
(4,362) |
(408) |
(36,350) |
|
| Total shareholders’ equity |
170,566 |
208,179 |
1,421,383 |
|
| |
| Commitments and contingencies (Note 13) |
| |
|
| Total liabilities and shareholders’ equity |
¥593,098 |
¥642,823 |
$4,942,483 |
|
The accompanying notes are an
integral part of these statements.
 |
|
