FINANCIAL SECTION

Japanese yen
U.S. dollars
(millions) (thousands) (Note 2)
Liabilities and Stockholders’ Equity 2001 2000 2001 2000
Current liabilities:
Short-term bank loans (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 119,947 ¥100,835 $ 967,314 $ 813,186
Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114,046 89,705 919,726 723,427
Current portion of long-term debt (Note 7) . . . . . . . . . . . . . . . . . . . . . 207,368 101,161 1,672,323 815,815
Trade payables (Note 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275,421 141,854 2,221,137 1,143,984
Accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,918 9,752 112,242 78,645
Obligation for securitization of lease receivables . . . . . . . . . . . . . . . . 72,737 – 586,589 –
Income taxes payable (Note 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,345 4,263 59,234 34,379
Other current liabilities (Note 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,598 23,592 327,403 190,258
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . 851,380 471,162 6,865,968 3,799,694
Long-term debt (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 834,597 318,671 6,730,621 2,569,928
Retirement and severance benefits (Note 3 (h) and 10) . . . . . . . . . . 5,846 6,019 47,145 48,540
Retirement benefits for directors (Note 3 (h) and 10) . . . . . . . . . . . . . 958 – 7,726 –
Long-term obligation for securitization of lease receivables . . . . . . . 116,915 – 942,863 –
Other fixed liabilities (Note 3 (n)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,756 5,786 70,613 46,661
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,818,452 801,638 14,664,936 6,464,823
Minority interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,846 3,691 31,016 29,766
Stockholders’ equity (Note 11):
Common stock, ¥50 ($0.40) par value:
Authorized 280,000,000 shares;
issued 134,191,626 shares in 2001
and 119,422,730 shares in 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,460 7,650 76,290 61,694
Capital surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,449 42,879 366,524 345,798
Retained earnings (Note 11): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168,559 128,718 1,359,347 1,038,048
Net unrealized holding gain on securities in investments . . . . . . . . . 431 – 3,476 –
Foreign currency translation adjustments (Note 3 (i)) . . . . . . . . . . . . (758) – (6,113) –
223,141 179,247 1,799,524 1,445,540
Less cost of 318 shares in 2001
and 53 shares in 2000 of treasury stock . . . . . . . . . . . . . . . . . . . . . (1) 0 (8) 0
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . 223,140 179,247 1,799,516 1,445,540
¥2,045,438 ¥984,576 $16,495,468 $7,940,129
Annual Report 2001
Hitachi Capital Corporation
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