Sony 1998 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 1998 Sony annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Annual Report 1998 Sony Corporation [51]
Dollars in thousands
Yen in millions (Note 3)
1997 1998 1998
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings (Notes 10 and 12) . . . . . . . . . . . . . . . . ¥ 117,801 ¥ 114,617 $ 868,311
Current portion of long-term debt (Notes 10, 12 and 17) . . . . . 210,315 84,794 642,378
Notes and accounts payable, trade (Notes 8 and 12) . . . . . . . . 653,826 768,152 5,819,333
Accounts payable, other and accrued expenses (Note 13) . . . . . 537,726 676,547 5,125,356
Accrued income and other taxes . . . . . . . . . . . . . . . . . . . . . . 169,480 157,123 1,190,326
Other (Note 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262,719 315,092 2,387,061
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 1,951,867 2,116,325 16,032,765
Long-term liabilities:
Long-term debt (Notes 10, 12 and 17) . . . . . . . . . . . . . . . . . . 1,099,765 1,104,420 8,366,818
Accrued pension and severance costs (Note 13). . . . . . . . . . . . 146,289 186,871 1,415,690
Deferred income taxes (Note 14) . . . . . . . . . . . . . . . . . . . . . . 173,951 147,116 1,114,515
Future insurance policy benefits and other (Note 11) . . . . . . . . 579,263 713,970 5,408,864
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154,912 193,000 1,462,121
2,154,180 2,345,377 17,768,008
Minority interest in consolidated subsidiaries . . . . . . . . . . . 114,867 125,786 952,924
Stockholders’ equity (Note 15):
Common stock, ¥50 par value—
Authorized: 1,350,000,000 shares
Issued: 1997 —384,185,043 shares . . . . . . . . . . . . . . . . . . 332,037
1998 —407,195,271 shares . . . . . . . . . . . . . . . . . . 406,196 3,077,242
Additional paid-in capital. . . . . . . . . . . . . . . . . . . . . . . . . . . 474,033 548,422 4,154,712
Legal reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,831 38,885 294,583
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 731,470 926,198 7,016,652
Unrealized gain on securities (Note 9) . . . . . . . . . . . . . . . . . . 67,278 45,173 342,220
Minimum pension liability adjustment (Note 13) . . . . . . . . . . . — (5,714) (43,288)
Cumulative translation adjustment. . . . . . . . . . . . . . . . . . . . . (181,221) (140,725) (1,066,098)
Treasury stock, at cost
(1997 — 11,150 shares, 1998 — 246,714 shares) . . . . . . . . (96) (2,880) (21,818)
1,459,332 1,815,555 13,754,205
Commitments and contingent liabilities (Note 18)
¥5,680,246 ¥6,403,043 $48,507,902