Annual Report 2004 [PDF/1.1MB]

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FINANCIAL SECTION CONSOLIDATED BALANCE SHEETS - 34 CONSOLIDATED STATEMENTS OF OPERATIONS - 36 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - 37 CONSOLIDATED STATEMENTS OF CASH FLOWS - 38 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - 40 REPORT OF INDEPENDENT AUDITORS - 58
CONSOLIDATED BALANCE SHEETS Kawasho Corporation and Consolidated Subsidiaries As of March 31, 2004 and 2003 Millions of yen 2004 2003 Thousands of U.S. dollars (Note 1) 2004 ASSETS Current assets: Cash and cash equivalents ¥ 26,425 40,757 $ 250,024 Trade notes and accounts receivable and advances (Note 5) 248,669 239,094 2,352,815 Allowance for doubtful receivables (2,239) (2,125) (21,185) Inventories 63,962 66,272 605,185 Deferred income taxes (Note 7) 5,828 3,806 55,142 Other current assets 13,297 11,485 125,812 Total current assets 355,942 359,289 3,367,793 Property and equipment: Land (Note 5) 20,907 37,691 197,814 Buildings and structures (Note 5) 23,087 32,643 218,441 Equipment for leasing 674 14,230 6,377 Other equipment and fixtures (Note 5) 39,194 42,205 370,840 Construction in progress 57 339 539 Other property and equipment 6,325 Accumulated depreciation (42,850) (54,589) (405,431) Property and equipment, net 41,069 78,844 388,580 Investments and other assets: Investments in securities (Notes 3 and 5) 25,088 21,820 237,373 Investments in unconsolidated subsidiaries and affiliates 10,379 14,024 98,202 Long-term loans 4,309 5,817 40,770 Deferred income taxes (Note 7) 12,330 10,861 116,662 Other 37,214 48,614 352,106 Allowance for doubtful receivables (25,249) (29,696) (238,897) Total investments and other assets 64,071 71,440 606,216 Total assets ¥ 461,082 ¥ 509,573 $ 4,362,589 See the accompanying Notes to Consolidated Financial Statements. 34
Page 1 and 2: KAWASHO CORPORATION ANNUAL REPORT 2
Page 3 and 4: FINANCIAL HIGHLIGHTS Kawasho Corpor
Page 5 and 6: crease of 2,057 million. Recurring
Page 7 and 8: CORPORATE TOPICS August 2, 2004 Est
Page 9 and 10: Director : Tsutomu Yajima (currentl
Page 11 and 12: 2. Consolidation and reorganization
Page 13 and 14: REVIEWS OF OPERATIONS DOMESTIC STEE
Page 15 and 16: Domestic Steel Overseas Steel Terre
Page 31: CORPORATE OFFICER (As of June 18, 2
Page 35 and 36: CONSOLIDATED STATEMENTS OF OPERATIO
Page 37 and 38: CONSOLIDATED STATEMENTS OF CASH FLO
Page 39 and 40: NOTES TO CONSOLIDATED FINANCIAL STA
Page 41 and 42: j. Leases The Companies lease certa
Page 43 and 44: 4. SHORT-TERM BORROWINGS AND LONG-T
Page 45 and 46: 6. ACCRUED RETIREMENT BENEFITS The
Page 47 and 48: The effective tax rate reflected in
Page 49 and 50: Future minimum lease payments as of
Page 51 and 52: (2) Commodities Millions of yen 200
Page 53 and 54: Thousands of U.S. dollars Steel Raw
Page 55 and 56: 15. LITIGATION The "Royal Palm Reso
Page 58 and 59: World Network WORLD NETWORK - 60 MA
Page 60 and 61: Singapore SINGAPORE BRANCH 3 Shento
Page 62: COMPANY DATA Name KAWASHO CORPORATI

Annual Report 2004 [PDF/1.1MB]

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