Sony 2001 Annual Report Download - page 121

Download and view the complete annual report

Please find page 121 of the 2001 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 140

  • 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
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

Sony Corporation Annual Report 2001
119
The Ordinary General Meeting of Shareholders held on June 27, 1997 authorized Sony Corporation, pursuant to
the Japanese regulations, to acquire and retire up to a total not exceeding 30 million outstanding shares of its common
stock with its profit, whenever deemed necessary by the Board of Directors in view of general economic conditions,
Sony’s business performance and financial condition and other factors. Subsequently, the Ordinary General Meeting
of Shareholders held on June 29, 2000 increased the maximum number of shares to 90 million shares on and after
June 30, 2000. At March 31, 2001, no common stock had been acquired under this authorization.
The Ordinary General Meeting of Shareholders held on June 26, 1998 approved that (a) in addition to the shares
discussed in the preceding paragraph, Sony Corporation may, by a resolution of the Board of Directors, acquire and
retire up to a total not exceeding 30 million outstanding shares of its common stock with its additional paid-in
capital at prices in total not exceeding ¥400 billion ($3,200 million) and (b) Sony Corporation may grant share
subscription rights to directors and/or employees pursuant to the Japanese regulations. At March 31, 2001, no
common stock had been acquired nor had any share subscription rights been granted under this approval.
Other comprehensive income for the years ended March 31, 1999, 2000 and 2001, were as follows:
Yen in millions
Pre-tax Tax Net-of-tax
amount expense amount
For the year ended March 31, 1999:
Unrealized gains on securities—
Unrealized holding gains arising during the period . . . . . . . . . . . . . . ¥7,484 ¥1,525 ¥9,009
Less: Reclassification adjustment for gains included in net income . . . . (58,698) 27,999 (30,699)
Minimum pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . (4,617) 1,332 (3,285)
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . (151,971) 8,316 (143,655)
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥(207,802) ¥39,172 ¥(168,630)
For the year ended March 31, 2000:
Unrealized gains on securities—
Unrealized holding gains arising during the period . . . . . . . . . . . . . . ¥79,822 ¥(27,003) ¥52,819
Less: Reclassification adjustment for gains included in net income . . . . (17,196) 2,809 (14,387)
Minimum pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . 9,190 (3,869) 5,321
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . (202,596) 3,423 (199,173)
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥(130,780) ¥(24,640) ¥(155,420)
For the year ended March 31, 2001:
Unrealized gains on securities—
Unrealized holding gains arising during the period . . . . . . . . . . . . . . ¥(6,290) ¥(1,200) ¥ (7,490)
Less: Reclassification adjustment for gains included in net income . . . . (16,095) 6,186 (9,909)
Minimum pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . (79,678) 33,544 (46,134)
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . 169,144 (8,862) 160,282
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥67,081 ¥29,668 ¥96,749