Consolidated Balance Sheets
NEC CORPORATION AND CONSOLIDATED SUBSIDIARIES
As of March 31, 1995 and 1996
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In thousands of
In millions of yen U.S. dollars (Note 3)
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ASSETS 1995 1996 1996
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Current assets:
Cash and cash equivalents ..................................Y 446,047 Y 381,005 $ 3,560,794
Time deposits .............................................. 1,576 1,468 13,720
Marketable securities (Note 5) ............................. 94,800 97,646 912,579
Notes and accounts receivable, trade (Note 7) .............. 950,515 1,165,642 10,893,850
Allowance for doubtful notes and accounts .................. (24,257) (23,706) (221,551)
Inventories (Note 6) ....................................... 870,770 1,044,368 9,760,449
Deferred income taxes (Note 9) ............................. 26,882 29,302 273,850
Prepaid expenses and other current assets .................. 42,003 60,087 561,561
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Total current assets ................................... 2,408,336 2,755,812 25,755,252
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Long-term receivables and investments:
Marketable securities (Notes 5 and 7) ...................... 118,691 129,292 1,208,336
Investments and advances (Note 4)--
Affiliated companies ...................................... 155,064 179,545 1,677,991
Other ..................................................... 105,161 120,469 1,125,879
Long-term receivables, trade (Note 7) ...................... 28,388 24,294 227,047
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407,304 453,600 4,239,253
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Property, plant and equipment (Note 7):
Land ....................................................... 85,473 100,260 937,009
Buildings .................................................. 760,896 816,055 7,626,683
Machinery and equipment .................................... 1,907,085 2,069,386 19,340,056
Construction in progress ................................... 64,541 96,526 902,112
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2,817,995 3,082,227 28,805,860
Accumulated depreciation ................................... (1,725,191) (1,863,410) (17,415,047)
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1,092,804 1,218,817 11,390,813
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Other assets:
Deferred income taxes (Note 9) ............................. 46,952 79,015 738,458
Other ...................................................... 195,924 175,876 1,643,701
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242,876 254,891 2,382,159
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Y 4,151,320 Y 4,683,120 $43,767,477
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In thousands of
In millions of yen U.S. dollars (Note 3)
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LIABILITIES AND SHAREHOLDERS' EQUITY 1995 1996 1996
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Current liabilities:
Short-term borrowings (Note 7) .............................Y 619,549 Y 663,669 $ 6,202,514
Current portion of long-term debt (Note 7) ................. 175,734 150,578 1,407,271
Notes and accounts payable,trade ........................... 753,239 1,079,309 10,087,000
Employees'savings deposits ................................. 91,551 96,884 905,458
Accrued taxes on income .................................... 40,851 58,221 544,121
Other current liabilities .................................. 336,063 363,319 3,395,505
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Total current liabilities .............................. 2,016,987 2,411,980 22,541,869
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Long-term liabilities:
Long-term debt (Note 7) .................................... 967,306 1,004,350 9,386,449
Accrued pension and severance costs (Note 8) ............... 177,724 194,072 1,813,757
Other accruals ............................................. 151,892 143,481 1,340,944
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1,296,922 1,341,903 12,541,150
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Minority shareholders' equity in consolidated subsidiaries .. 46,662 50,385 470,888
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Shareholders' equity (Note 10):
Common stock,Y50 par value--
Authorized --- 3,200,000,000 shares
Issued 1995 -- 1,541,325,718 shares ....................... 189,005 ----- -----
1996 -- 1,546,199,815 shares ....................... ----- 191,294 1,787,794
Additional paid-in capital ................................. 298,095 300,374 2,807,234
Legal reserve .............................................. 27,857 29,826 278,748
Retained earnings .......................................... 324,704 382,901 3,578,514
Cumulative translation adjustments ......................... (48,910) (25,536) (238,654)
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790,751 878,859 8,213,636
Treasury stock,at cost---
1995 --- 2,824 shares ..................................... (2) ----- -----
1996 --- 6,335 shares ..................................... ----- (7) (66)
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790,749 878,852 8,213,570
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Commitments and contingent liabilities (Note 16)
Y 4,151,320 Y 4,683,120 $43,767,477
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The accompanying notes are an integrel part of these statements.
