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 |
Annual Report 2006
Consolidated Balance Sheets
NSK Ltd. and Subsidiaries
| |
|
Millions of yen |
Thousands of
U.S. dollars
(Note 2) |
| As of March 31, |
2006 |
2005 |
2006 |
| Assets |
|
|
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
¥51,812 |
¥39,387 |
$442,838 |
| Short-term investments (Note 3) |
7,082 |
944 |
60,530 |
| Notes and accounts receivable: |
|
|
|
| Affiliated companies |
2,593 |
1,369 |
22,162 |
| Trade |
112,639 |
110,452 |
962,726 |
| Less allowance for doubtful receivables |
(1,992) |
(1,402) |
(17,026) |
| Inventories (Note 4) |
101,337 |
81,730 |
866,128 |
| Deferred tax assets (Note 7) |
10,477 |
14,347 |
89,547 |
| Other current assets |
29,618 |
31,847 |
253,145 |
| Total current assets |
313,569 |
278,678 |
2,680,077 |
| |
|
|
|
| Non-current assets: |
|
|
|
| Property, plant and equipment, at cost (Notes 5 and 9): |
|
|
|
| Land |
36,855 |
26,570 |
315,000 |
| Buildings |
174,202 |
152,656 |
1,488,906 |
| Machinery and equipment |
517,450 |
446,611 |
4,422,650 |
| Construction in progress |
12,345 |
13,546 |
105,513 |
| |
740,854 |
639,384 |
6,332,085 |
| Less accumulated depreciation |
(490,623) |
(434,779) |
(4,193,359) |
| Property, plant and equipment, net |
250,230 |
204,604 |
2,138,718 |
| |
|
|
|
| Excess of cost over net assets acquired |
5,281 |
4,702 |
45,137 |
| Investments in and advances to affiliated companies |
20,910 |
35,487 |
178,718 |
| Investment securities (Notes 3 and 9) |
104,966 |
57,240 |
897,145 |
| Deferred tax assets (Note 7) |
2,825 |
2,593 |
24,145 |
| Prepaid pension cost (Note 10) |
33,731 |
35,454 |
288,299 |
| Other non-current assets |
11,516 |
9,821 |
98,427 |
| Total non-current assets |
429,462 |
349,905 |
3,670,615 |
| |
|
|
|
| Total assets |
¥743,032 |
¥628,583 |
$6,350,701 |
| |
|
Millions of yen |
Thousands of
U.S. dollars
(Note 2) |
| As of March 31, |
2006 |
2005 |
2006 |
| Liabilities and shareholders’ equity |
|
|
|
| Current liabilities: |
|
|
|
| Short-term debt (Notes 6 and 9) |
¥70,707 |
¥63,884 |
$604,333 |
| Current portion of long-term debt (Note 9) |
24,476 |
21,770 |
209,197 |
| Notes and accounts payable (Note 9): |
|
|
|
| Affiliated companies |
15,590 |
16,013 |
133,248 |
| Trade |
96,401 |
81,610 |
823,940 |
| Accrued income taxes (Note 7) |
7,845 |
5,753 |
67,051 |
| Accrued expenses and other current liabilities (Note 8) |
51,812 |
45,268 |
442,838 |
| Total current liabilities |
266,834 |
234,300 |
2,280,632 |
| |
|
|
|
| Long-term liabilities: |
|
|
|
| Long-term debt (Note 9) |
127,733 |
121,529 |
1,091,735 |
| Accrued employees’ retirement benefits (Note 10) |
41,428 |
34,281 |
354,085 |
| Accrued officers’ retirement benefits |
700 |
414 |
5,983 |
| Deferred tax liabilities (Note 7) |
42,958 |
22,484 |
367,162 |
| Other long-term liabilities |
15,552 |
15,710 |
132,923 |
| Total long-term liabilities |
228,373 |
194,420 |
1,951,906 |
| |
|
|
|
| Minority interests |
12,107 |
11,596 |
103,479 |
| |
|
|
|
| Shareholders’ equity (Notes 11 and 16): |
|
|
|
| Common stock, without par value: |
|
|
|
| Authorized: |
|
|
|
| 2006—987,244,000 shares |
|
|
|
| 2005—987,244,000 shares |
|
|
|
| Issued: |
|
|
|
| 2006—551,268,104 shares |
67,176 |
- |
574,154 |
| 2005—551,268,104 shares |
- |
67,176 |
- |
| Additional paid-in capital |
78,097 |
77,925 |
667,496 |
| Retained earnings |
71,241 |
55,783 |
608,897 |
| Unrealized holding gain on securities |
42,297 |
21,244 |
361,513 |
| Translation adjustments |
(18,871) |
(29,447) |
(161,291) |
| Less treasury stock, at cost |
(4,224) |
(44,17) |
(36,103) |
| Total shareholders’ equity |
235,716 |
188,265 |
2,014667 |
| Commitments and contingencies (Note 13) |
|
|
|
| Total liabilities and shareholders’ equity |
¥743,032 |
¥628,583 |
$6,350,701 |
The accompanying notes are an integral part of these statements.
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