LOGO Fujitsu Annual Report 1997

Financial Section


Consolidated Balance Sheets





Yen
(millions)
U.S. dollars
(thousands)
(Note2)



March 31 1996 1997 1997




Assets
Current assets:
Cash and cash equivalents (Note 1)
433,938 413,900 3,337,903
Short-term investments (Note 3)
26,992 38,239 308,379
Receivables, trade (Note 11)
963,381 1,172,583 9,456,314
Allowance for doubtful accounts
(14,048) (18,942) (152,758)
Inventories (Note 4)
822,735 880,582 7,101,468
Other current assets (Note 9)
190,899 173,237 1,397,073




Total current assets
2,423,897 2,659,599 21,448,379





Investments and long-term loans:
Affiliates (Note 5)
331,934 339,241 2,735,815
Other (Notes 3, 5 and 7)
291,545 312,002 2,516,145





623,479 651,243 5,251,960






Property, plant and equipment:
Land
111,865 122,798 990,306
Buildings
689,855 738,603 5,956,476
Machinery and equipment
2,011,630 2,239,680 18,061,935
Construction in progress
64,236 96,077 774,815





2,877,586 3,197,158 25,783,532
Less accumulated depreciation
1,752,669 1,935,882 15,611,952




Property, plant and equipment, net (Note 7)
1,124,917 1,261,276 10,171,580





Other assets (Note 6)
152,197 155,569 1,254,589





4,324,490 4,727,687 38,126,508




The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.








Yen
(millions)
U.S. dollars
(thousands)
(Note2)



March 31 1996 1997 1997




Liabilities and shareholders' equity
Current liabilities:
Short-term borrowings (Note 7)
641,463 665,387 5,366,024
Current portion of long-term debt (Note 7)
116,128 202,692 1,634,613
Payables, trade (Note 11)
599,488 753,606 6,077,468
Accrued expenses
284,665 296,286 2,389,403
Customers' advances
23,593 29,936 241,419
Accrued income taxes
44,813 74,433 600,266
Employees' savings deposits
44,453 39,134 315,597
Other current liabilities
201,323 182,799 1,474,186




Total current liabilities
1,955,926 2,244,273 18,098,976





Long-term liabilities:
Long-term debt (Note 7)
774,851 843,831 6,805,089
Accrued severance benefits (Note 8)
122,473 137,330 1,107,500
Provision for loss on repurchase of computers
100,861 96,436 777,710
Other long-term liabilities (Note 9)
63,192 57,001 459,685





1,061,377 1,134,598 9,149,984




Minority interests in consolidated subsidiaries
157,788 167,326 1,349,403





Shareholders' equity (Note 10):
Common stock:
Authorized - 5,000,000,000 shares
Issued (50 yen per value)
1996 - 1,841,272,768 shares
237,626
1997 - 1,841,435,783 shares

237,674 1,916,726
Capital surplus
419,780 424,578 3,424,016
Legal reserve
25,907 27,767 223,927
Retained earnings
466,086 491,471 3,963,476




Total shareholders' equity
1,149,399 1,181,490 9,528,145





Commitments and contingent liabilities (Note 13)

4,324,490 4,727,687 38,126,508




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