ANNUAL REPORT 2013 for the year ended March 31, 2013

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CONSOLIDATED BALANCE SHEET

Credit Saison Co., Ltd. and Consolidated Subsidiaries
As of March 31, 2013


ASSETS Millions of yen   Thousands of
U.S. dollars
(Note 2)
2013 2012   2013
Current Assets:        
Cash and deposits (Note 11) ¥  57,524 ¥  60,085   $  610,987
Receivables and lease investment assets:        
Accounts receivable—installment (Notes 4, 5, 11 and 27) 1,292,377 1,379,776   13,726,785
Lease investment assets (Notes 5, 10, and 11) 219,572 218,390   2,332,150
Short-term loans receivable (Note 11) 5,561 6,310   59,065
Less: Allowance for doubtful accounts (64,910) (95,173)   (689,434)
  1,452,600 1,509,303   15,428,566
Operational investment securities (Notes 11 and 12) 13,847 16,617   147,072
Inventories (Notes 6 and 7) 90,546 195,352   961,725
Deferred tax assets (Note 14) 10,121 12,468   107,497
Prepaid expenses and other current assets (Note 27) 19,718 21,092   209,429
Total current assets 1,644,356 1,814,917   17,465,276
Property and Equipment, at Cost:        
Lease assets (Note 10) 8,706 8,081   92,468
Buildings and improvements (Note 7) 46,002 47,361   488,603
Fixtures and equipment (Note 7) 25,043 26,936   265,996
Total 79,751 82,378   847,067
Less: Accumulated depreciation (46,139) (45,878)   (490,066)
Net property and equipment 33,612 36,500   357,001
Land (Note 7) 30,966 26,486   328,898
Construction in progress 260 151   2,767
Total property and equipment 64,838 63,137   688,666
Investments and Other Assets:        
Investment securities (Notes 11 and 12) 56,329 41,373   598,290
Investments in unconsolidated subsidiaries and affiliated companies (Note 11) 53,030 42,992   563,246
Long-term loans receivable (Note 11) 11,207 10,237   119,037
Intangible assets 114,296 98,939   1,213,982
Lease deposits 5,224 5,967   55,484
Liquidation business assets (Notes 7 and 19) 137,956   1,465,283
Deferred tax assets (Note 14) 68,445 76,174   726,980
Others 4,163 4,428   44,221
Less: Allowance for doubtful accounts (18,042) (2,258)   (191,637)
Total investments and other assets 432,608 277,852   4,594,886
Total assets ¥2,141,802 ¥2,155,906   $22,748,828

The accompanying notes are an integral part of these statements.


LIABILITIES AND EQUITY Millions of yen   Thousands of
U.S. dollars
(Note 2)
2013 2012   2013
Current Liabilities:        
Notes and accounts payable (Notes 11 and 27) ¥  256,284 ¥  240,950   $  2,722,077
Short-term loans (Notes 9 and 11) 212,960 234,190   2,261,922
Current portion of long-term debt (Notes 5, 9 and 11) 184,877 243,428   1,963,641
Commercial paper (Notes 9 and 11) 15,000 32,000   159,320
Current portion of long-term lease obligations (Notes 9 and 11) 1,941 1,974   20,617
Accrued income taxes 7,744 9,465   82,252
Unearned income 6,278 5,840   66,685
Accrued employees' bonuses 2,084 1,985   22,134
Accrued directors' bonuses 147 154   1,557
Allowance for losses on interest repayments 9,290 13,247   98,673
Allowance for losses on collecting gift tickets 176 183   1,869
Accrued expenses and other current liabilities 39,112 41,298   415,431
Total current liabilities 735,893 824,714   7,816,178
Long-term Liabilities:        
Long-term debt (Notes 5, 9 and 11) 912,860 875,257   9,695,802
Long-term lease obligations (Notes 9 and 11) 2,218 2,953   23,558
Accrued retirement benefits to directors and audit supervisory board members 74 92   787
Allowance for losses on guarantees 4,210 4,068   44,713
Allowance for losses on defect warranties 19 16   202
Allowance for losses on point program 71,533 70,661   759,777
Allowance for losses on interest repayments 9,745 11,574   103,504
Asset retirement obligations 854 831   9,067
Negative goodwill 4 329   46
Others (Note 14) 9,524 9,684   101,157
Total long-term liabilities 1,011,041 975,465   10,738,613
Commitments and Contingent Liabilities(Notes 8 and 21)        
Equity(Note 23):        
Common stock 75,929 75,929   806,472
Capital surplus 84,838 84,838   901,095
Stock acquisition rights 0 0   0
Retained earnings 217,883 189,535   2,314,208
Less: Treasury stock, at cost (6,119) (6,116)   (64,988)
Accumulated other comprehensive income:        
Net unrealized gains on available-for-sale securities 20,392 10,045   216,585
Deferred losses on derivatives under hedge accounting (1,497) (1,536)   (15,895)
Total 391,426 352,695   4,157,477
Minority interests 3,442 3,032   36,560
Total equity 394,868 355,727   4,194,037
Total liabilities and equity ¥2,141,802 ¥2,155,906   $22,748,828
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