Sony 2000 Annual Report Download - page 76

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74
SONY CORPORATION ANNUAL REPORT 2000
8. Inventories
Inventories comprise the following:
Yen in millions Dollars in millions
March 31 March 31 ,
1999 2000 2000
Current:
Finished products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥525,548 ¥461,675 $4,356
Work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101,754 106,749 1,007
Raw materials, purchased components and supplies . . . . . . . . 133,629 1 65,866 1 ,565
Film — released . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110,740 11 3,333 1 ,069
— in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,227 11,551 109
¥877,898 ¥859,174 $8,106
Noncurrent:
Film — released . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥159,877 ¥1 37,920 $1 ,301
— in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84,660 88,467 835
¥244,537 ¥226,387 $2,136
Yen in millions Dollars in millions
March 31 March 31 ,
1999 2000 2000
Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥271,796 ¥217,419 $2,051
Property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . 222,346 263,895 2,490
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162,648 207,338 1 ,956
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥656,790 ¥688,652 $6,497
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥247,672 ¥288,838 $2,725
Long-term liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,250 228,938 2,1 60
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 208,868 1 70,876 1 ,61 2
Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . ¥656,790 ¥688,652 $6,497
Number of companies at end of year . . . . . . . . . . . . . . . . . . . 65 81
Yen in millions Dollars in millions
Year ended March 31 Year ended
1998 1999 2000 March 31 , 2000
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥369,443 ¥459,168 ¥503,186 $4,747
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109,716 146,678 1 35,828 1 ,281
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . (8,728) (36,862) (89,207) (842)
9. Investments in and transactions with affiliated companies
Sony accounts for its investments in affiliated companies
over which Sony has significant influence or ownership
of more than 20% but less than or equal to 50% under
the equity method. Such investments include but are
not limited to Sony’s interest in The Columbia House
Company (50%), BE-ST Bellevuestrasse Development
GmbH & Co. First Real Estate KG, Berlin (50%) and ST
Liquid Crystal Display Corporation (50%).
Summarized combined financial information that is
based on information provided by equity investees is
shown below:
During the year ended March 31, 2000, additional
costs relating to shortened amortization periods and an
impairment of deferred direct-response advertising and
member acquisition expenses in The Columbia House
Company and devaluation of real estate for sale in
BE-ST Bellevuestrasse Development GmbH & Co. First
Real Estate KG, Berlin, which develops and operates
location-based entertainment complexes, negatively
affected the equity in net losses of affiliated companies
by approximately ¥7,632 million ($72 million) and
¥5,154 million ($49 million), respectively.