Sony 2003 Annual Report Download - page 176

Consolidated Financial Information 2003
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5. Film costs
Film costs comprise the following:
Sony estimates that approximately 88% of unamortized costs of released films (excluding amounts
allocated to acquired film libraries) at March 31, 2003 will be amortized within the next three years.
Approximately ¥89,520 million ($746 million) of released film costs are expected to be amortized during the
next twelve months. As of March 31, 2003, unamortized acquired film libraries of approximately ¥20,591
million ($172 million) remain to be amortized on a straight-line basis over an average of the remaining life of
7 years. Approximately ¥92,204 million ($768 million) of accrued participation liabilities included in accounts
payable, other and accrued expenses are expected to be paid during the next twelve months.
6. Investments in and transactions with affiliated companies
Sony accounts for its investments in affiliated companies over which Sony has significant influence or
ownership of 20% or more but less than or equal to 50% under the equity method. In addition, all investments
in limited partnerships and general partnerships are also accounted for under the equity method. Such
investments include but are not limited to Sony’s interest in Sony Ericsson Mobile Communications, AB (50%),
American Video Glass Company (50%), ST Liquid Crystal Display Corporation (50%), BE-ST Bellevuestrasse
Development GmbH & Co. First Real Estate KG, Berlin (50%), InterTrust Technologies Corporation (49.5%)
and Crosswave Communications Inc. (23.9%).
Yen in millions
Dollars in
millions
March 31 March 31,
2002 2003 2003
Theatrical:
Released (including acquired film libraries) ¥134,997 ¥142,168 $1,185
Completed not released 9,465 13,356 111
In production and development 115,458 91,696 764
Television licensing:
Released (including acquired film libraries) 48,623 40,417 337
In production and development 4,511 141 1
¥313,054 ¥287,778 $2,398