Consolidated Balance Sheets
NEC CORPORATION AND CONSOLIDATED SUBSIDIARIES
As of March 31, 1996 and 1997
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In thousands of
In millions of yen U.S. dollars (Note 3)
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ASSETS 1996 1997 1997
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Current assets:
Cash and cash equivalents .................................Y 381,005 Y 350,494 $ 2,826,565
Time deposits ............................................. 1,468 359 2,895
Marketable securities (Note 5) ............................ 97,646 108,943 878,573
Notes and accounts receivable, trade (Note 7) ............. 1,165,642 1,152,585 9,295,040
Allowance for doubtful notes and accounts ................. (23,706) (21,327) (171,992)
Inventories (Note 6) ...................................... 1,044,368 940,867 7,587,637
Deferred income taxes (Note 9) ............................ 29,302 38,215 308,185
Prepaid expenses and other current assets ................. 60,087 56,897 458,847
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Total current assets .................................. 2,755,812 2,627,033 21,185,750
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Long-term receivables and investments:
Marketable securities (Notes 5 and 7) ..................... 129,292 164,416 1,325,935
Investments and advances (Notes 4 and 5)--
Affiliated companies ................ .................... 179,545 238,335 1,922,056
Other ................ ................ .................. 120,469 107,826 869,565
Long-term receivables, trade (Note 7) ..................... 24,294 43,162 348,081
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453,600 553,739 4,465,637
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Property, plant and equipment (Notes 7 and 15):
Land ...................................................... 100,260 102,678 828,048
Buildings ................................................. 816,055 883,248 7,122,968
Machinery and equipment ................................... 2,069,386 2,333,035 18,814,798
Construction in progress .................................. 96,526 65,112 525,097
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3,082,227 3,384,073 27,290,911
Accumulated depreciation .................................. (1,863,410) (2,043,477) (16,479,653)
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1,218,817 1,340,596 10,811,258
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Other assets:
Deferred income taxes (Note 9) ............................... 79,015 74,877 603,847
Other ........................................................ 175,876 202,920 1,636,452
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254,891 277,797 2,240,299
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Y4,683,120 Y4,799,165 $38,702,944
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In thousands of
In millions of yen U.S. dollars (Note3)
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LIABILITIES AND SHAREHOLDERS' EQUITY 1996 1997 1997
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Current liabilities:
Short-term borrowings (Note 7) ............................ Y 663,669 Y 742,928 $ 5,991,355
Current portion of long-term debt (Note 7) ................ 150,578 211,289 1,703,944
Notes and accounts payable, trade ......................... 1,079,309 947,163 7,638,411
Employees'savings deposits ................................ 96,884 4,582 36,952
Accrued taxes on income ................................... 58,221 10,818 87,242
Other current liabilities ................................. 363,319 435,187 3,509,572
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Total current liabilities ............................. 2,411,980 2,351,967 18,967,476
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Long-term liabilities:
Long-term debt (Note 7) ................................... 1,004,350 1,015,714 8,191,242
Accrued pension and severance costs (Note 8) .............. 194,072 205,353 1,656,072
Other...................................................... 143,481 157,198 1,267,726
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1,341,903 1,378,265 11,115,040
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Minority shareholders' equity in consolidated subsidiaries..... 50,385 65,562 528,726
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Shareholders' equity (Note 10):
Common stock, Y50 par value ---
Authorized --- 3,200,000,000 shares
Issued 1996 ---1,546,199,815 shares......................... 191,294 ----- -----
1997 ---1,565,653,924 shares......................... ----- 200,403 1,616,153
Additional paid-in capital.................................... 300,374 312,192 2,517,677
Legal reserve................................................. 29,826 31,985 257,944
Retained earnings............................................. 382,901 455,205 3,671,008
Cumulative translation adjustments............................ (25,536) 3,601 29,041
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878,859 1,003,386 8,091,823
Treasury stock, at cost---
1996 --- 6,335 shares...................................... (7) ----- -----
1997 --- 10,861 shares...................................... ----- (15) (121)
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878,852 1,003,371 8,091,702
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Commitments and contingent liabilities (Note 16) Y4,683,120 Y4,799,165 $38,702,944
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The accompanying notes are an integral part of these statements.
