Consolidated Balance Sheets
NEC CORPORATION AND CONSOLIDATED SUBSIDIARIES
As of March 31, 1994 and 1995
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In thousands of
In millions of yen U.S. dollars (Note 2)
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Assets 1994 1995 1995
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Current assets:
Cash and cash equivalents ..................................Y 391,523 Y 446,047 $ 5,126,977
Time deposits .............................................. 1,295 1,576 18,115
Marketable securities (Note 4) ............................. 142,557 94,800 1,089,655
Notes and accounts receivable, trade (Note 6) .............. 981,931 950,515 10,925,460
Allowance for doubtful notes and accounts .................. (24,419) (24,257) (278,816)
Inventories (Note 5) ....................................... 819,429 870,770 10,008,851
Deferred income taxes (Note 8) ............................. 29,420 26,882 308,989
Prepaid expenses and other current assets .................. 34,786 42,003 482,793
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Total current assets ................................... 2,376,522 2,408,336 27,682,024
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Long-term receivables and investments:
Marketable securities (Notes 4 and 6) ...................... 88,613 118,691 1,364,264
Investments and advances (Note 3)--
Affiliated companies ...................................... 146,805 155,064 1,782,345
Other ..................................................... 99,085 105,161 1,208,747
Long-term receivables, trade (Note 6) ...................... 36,950 28,388 326,299
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371,453 407,304 4,681,655
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Property, plant and equipment (Note 6):
Land ....................................................... 83,762 85,473 982,448
Buildings .................................................. 708,054 760,896 8,745,931
Machinery and equipment .................................... 1,846,091 1,907,085 21,920,517
Construction in progress ................................... 91,645 64,541 741,851
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2,729,552 2,817,995 32,390,747
Accumulated depreciation ................................... (1,670,711) (1,725,191) (19,829,782)
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1,058,841 1,092,804 12,560,965
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Other assets:
Deferred income taxes (Note 8) ............................. 35,031 46,952 539,678
Other ...................................................... 197,962 195,924 2,252,000
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232,993 242,876 2,791,678
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Y 4,039,809 Y 4,151,320 $47,716,322
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The accompanying notes are an integrel part of these statements.
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In thousands of
In millions of yen U.S. dollars (Note 2)
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Liabilities And Shareholders' Equity 1994 1995 1995
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Current liabilities:
Short-term borrowings (Note 6) .............................Y 595,630 Y 619,549 $ 7,121,253
Current portion of long-term debt (Note 6) ................. 184,506 175,734 2,019,931
Notes and accounts payable,trade ........................... 692,141 753,239 8,657,920
Employees'savings deposits ................................. 115,830 91,551 1,052,310
Accrued taxes on income .................................... 27,462 40,851 469,552
Other current liabilities .................................. 327,255 336,063 3,862,793
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Total current liabilities .............................. 1,942,824 2,016,987 23,183,759
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Long-term liabilities:
Long-term debt (Notes 6) ................................... 956,300 967,306 11,118,460
Accrued pension and severance costs (Note 7) ............... 160,305 177,724 2,042,805
Other accruals ............................................. 151,852 151,892 1,745,885
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1,268,457 1,296,922 14,907,150
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Minority shareholders' equity in consolidated subsidiaries .. 46,467 46,662 536,345
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Shareholders' equity (Note 9):
Common stock,Y50 par value--
Authorized --- 3,200,000,000 shares
Issued 1994 -- 1,540,175,580 shares ....................... 188,764 ----- -----
1995 -- 1,541,325,718 shares ....................... ----- 189,005 2,172,471
Additional paid-in capital ................................. 297,418 298,095 3,426,379
Legal reserve .............................................. 26,186 27,857 320,195
Retained earnings appropriated for special allowances ...... 48,256 46,094 529,816
Retained earnings .......................................... 258,211 278,610 3,202,414
Cumulative translation adjustments ......................... (36,768) (48,910) (562,184)
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782,067 790,751 9,089,091
Treasury stock,at cost---
1994 --- 5,843 shares ..................................... (6) ----- -----
1995 --- 2,824 shares ..................................... ----- (2) (23)
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782,061 790,749 9,089,068
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Commitments and contingent liabilities (Note 13)
Y 4,039,809 Y 4,151,320 $47,716,322
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