Annual Report 1999 (For year ended March 31,1999)

Balance Sheets

Kawasaki Kisen Kaisha, Ltd. and Consolidated Subsidiaries
Consolidated Balance Sheets
March 31,1999 and 1998

   

  Millions of yen Thousands of
U.S. dollars(Note 1)
ASSETS 1999 1998 1999
 
Current assets:
Cash and time deposits ¥29,727 ¥34,387 $ 246,592
Marketable securities (Note 10) 48,895 56,125 405,598
Accounts and notes receivable - trade (Note 3) 46,902 58,127 389,064
Allowance for doubtful receivables (457) (536) (3,789)
Fuel and supplies 3,893 4,638 32,295
Prepaid expenses and deferred charges 11,992 14,944   99,478
Other current assets 15,403 14,885 127,772
     Total current assets 156,355 182,570 1,297,010
    
Investments and long-term receivables:
Investments in and advances to unconsolidated
subsidiaries and affiliates 		11,162 14,677 92,594
Investments in other securities (Note 10) 12,711 11,126 105,443
Long-term loans receivable 4,747 4,353 39,377
Other investments   14,610 13,574 121,196
Allowance for doubtful receivables (563) (286) (4,670)
     Total investments and long-term receivables 42,667 43,444 353,940
    
Vessels, property and equipment:
Vessels 418,832 438,261 3,474,344
Buildings and equipment 92,278 98,729 765,477
Accumulated depreciation (242,412) (236,083) (2,010,883)
  268,698 300,907 2,228,938
Land 30,977 31,191 256,959
Construction in progress 15,938   13,393 132,208
Vessels, property and equipment, net 315,613 345,491 2,618,105
    
Other assets 2,679 2,425 22,224
Translation adjustments 5,185   2,179 43,014
Total assets ¥522,499 ¥576,109 $ 4,334,293

  

The accompanying notes are an integral part of these statements.

   

  Millions of yen Thousands of
U.S. dollars(Note 1)
Liabilities and Shareholders' Equity 1999 1998 1999
 
Current liabilities:
Short-term loans (Note 11) ¥ 89,359 ¥103,554 $741,261
Current portion of long-term debt 23,294 32,848 193,231
Accounts and notes payable  - trade 35,056 44,580 290,798
Deferred income 11,157 18,302 92,553
Current portion of obligations under finance leases 6,622 8,099 54,931
Other current liabilities 17,900 16,188 148,489
     Total current liabilities 183,388 223,571 1,521,263
    
Long-term liabilities:
Long-term debt, less current portion (Note 11) 202,782 200,592 1,682,142
Accrued employees' retirement benefits 8,136 9,314 67,488
Accrued expenses for overhaul of vessels 2,486 2,173 20,624
Obligations under finance leases 49,393 64,619 409,725
     Total long-term liabilities 262,797 276,698   2,179,979
  
Minority interests in consolidated subsidiaries 7,707 7,404 63,935
    
Commitments and contingent liabilities (Note 8)
    
Shareholders' equity:
Common stock, ¥50 par value:
Authorized -1,080,000,000 shares
Issued-585,501,874 shares 29,275 29,275 242,846
Capital surplus 13,744 13,744 114,012
Retained earnings (Notes 4 and 5) 25,588 25,417    212,259
  68,607 68,436 569,117
Treasury stock, at cost - - (1)
Total shareholders' equity 68,607 68,436 569,116
Total liabilities and shareholders' equity ¥ 522,499 ¥ 576,109 $4,334,293