Sony 2003 Annual Report Download - page 181
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Consolidated Financial Information 2003
- 95 -
Marketable securities as of March 31, 2002 and 2003 included short-term investments in money market
funds of ¥124,762 million and ¥123,964 million ($1,033 million), respectively.
In the ordinary course of business, Sony maintains long-term investment securities, included in securities
investments and other, issued by a number of non-public companies. The aggregate carrying amounts of the
investments in non-public companies at March 31, 2002 and 2003, which were valued at the lower of cost or
fair value, were ¥82,490 million and ¥69,596 million ($580 million), respectively.
The net change in the unrealized gains or losses on trading securities that has been included in earnings
during the years ended March 31, 2001, 2002 and 2003 was insignificant.
Securities investments and other as of March 31, 2002 and 2003 also included separate account assets
(Note 11) in the life insurance business, which were carried at fair value. Although the separate account assets
consist primarily of debt and equity securities, they are excluded from the above table due to the nature of the
assets. Proceeds from sales of available-for-sale securities and gross realized gains or losses described
above also exclude the amounts related to the separate account assets. Separate account assets at March 31,
2002 and 2003 were ¥106,150 million and ¥118,190 million ($985 million), respectively.
9. Leased assets
Sony leases certain communication and commercial equipment, plant, office space, warehouses, employees'
residential facilities and other assets.
An analysis of leased assets under capital leases is as follows:
Yen in millions
Dollars in
millions
March 31 March 31,
Class of property 2002 2003 2003
Land ¥1,983 ¥1,829 $15
Buildings 15,448 15,937 133
Machinery, equipment and others 35,255 33,733 281
Accumulated depreciation (20,830) (21,236) (177)
¥31,856 ¥30,263 $252