Annual Report 2012

Millions of yenThousands ofU.S. dollarsLIABILITIES 2011 2012 2012Current liabilities:Notes payable—trade (Note 9) ¥ 6,991 ¥ 11,104 $ 135,113Accounts payable—trade (Note 1) 119,899 135,158 1,644,459Short-term loans payable (Note 1) 49,925 78,556 955,791Other payables 24,616 29,987 364,855Income taxes payable 5,297 15,449 187,970Consumption taxes payable 4,899 5,162 62,814Unpaid expenses 17,010 17,083 207,847Advances received 10,140 10,475 127,457Deposits 40,302 58,201 708,138Deposits from employees 29,670 29,486 358,757Provision for bonuses 19,139 19,532 237,650Provision for directors' bonuses 137 139 1,695Allowance for warranties and repairs 360 119 1,458Provision for loss on disaster 4,035 487 5,926Other 7,980 10,656 129,653Total current liabilities 340,408 421,601 5,129,591Noncurrent liabilities:Bonds payable 50,000 80,000 973,354Long-term loans payable (Note 1) 199,494 160,541 1,953,300Provision for retirement benefits 37,540 38,870 472,929Provision for directors' retirement benefits 418 394 4,798Provision for special repairs 208 190 2,314Deferred tax liabilities 17,510 14,054 171,003Other (Note 1) 22,060 21,107 256,811Total noncurrent liabilities 327,232 315,158 3,834,512Total liabilities 667,641 736,759 8,964,103NET ASSETSShareholders' equity:Common stock 70,175 70,175 853,817Additional paid-in capital 26,908 26,908 327,390Retained earnings 375,785 392,305 4,773,149Less: treasury stock (11,542) (11,549) (140,523)Total shareholders' equity 461,326 477,839 5,813,834Accumulated other comprehensive income:Valuation differences on available-for-sale securities 26,370 27,756 337,716Deferred gains on hedges 9 8 98Foreign currency translation adjustments (20,255) (24,256) (295,132)Total accumulated other comprehensive income 6,125 3,508 42,682Minority interests 12,446 12,858 156,444Total net assets 479,898 494,205 6,012,961Total liabilities and net assets ¥ 1,147,539 ¥ 1,230,964 $ 14,977,065NIPPON EXPRESS Annual Report 201227