Annual Report 2000 (For year ended March 31,2000)

Kawasaki Kisen Kaisha, Ltd. and Consolidated Subsidiaries
Consolidated Balance Sheets
March 31, 2000 and 1999
Assets Millions of yen Thousands of
U.S. dollars
(Note 1)
2000 1999 2000
Current assets:
Cash and time deposits ¥25,698   ¥29,727 $ 242,091
Marketable securities (Note 4) 46,399 48,895 437,109
Accounts and notes receivable - trade 47,808 51,700   450,380
Allowance for doubtful receivables (917) (457) (8,637)
Fuel and supplies 6,479 3,893 61,034
Prepaid expenses and deferred charges 13,534 11,992 127,500
Deferred income taxes (Note 6) 579 - 5,452
Other current assets 8,501 10,605 80,090
   Total current assets 148,081 156,355 1,395,019
 
Investments and long-term receivables:
Investments in and advances to unconsolidated
   subsidiaries and affiliates		 7,634 11,162 71,915
Investments in other securities (Note 4) 17,782 12,711 167,517
Long-term loans receivable 5,680 4,747 53,511
Other investments 12,040 14,610 113,426
Deferred income taxes (Note 6) 4,424 - 41,678
Allowance for doubtful receivables (164) (563) (1,551)
   Total investments and long-term receivables 47,396 42,667 446,496
 
Vessels, property and equipment:
Vessels 434,337 418,832 4,091,726
Buildings and equipment 89,036 92,278 838,780
Accumulated depreciation (259,293) (242,412) (2,442,703)
  264,080 268,698 2,487,803
Land 31,160 30,977 293,548
Construction in progress 12,103 15,938 114,016
   Vessels, property and equipment, net 307,343 315,613 2,895,367
 
Other assets 4,231 2,679 39,856
Translation adjustments 7,751 5,185 73,023
   Total assets ¥514,802 ¥522,499 $4,849,761
The accompanying notes are an integral part of these statements.

 

LiaBilities and Shareholders’ Equity Millions of yen Thousands of
U.S. dollars
(Note 1)
2000 1999 2000
Current liabilities:
   Short-term loans (Note 5) ¥58,405 ¥89,359 $ 550,212
   Current portion of long-term debt (Note 5) 43,042 23,294 405,485
   Accounts and notes payable - trade 42,097 39,599 396,581
   Deferred income 12,741 11,157 120,024
   Current portion of obligations under finance leases 4,162 6,622 39,210
   Deferred income taxes (Note 6) 278 - 2,620
   Other current liabilities 10,813 13,357 101,865
      Total current liabilities 171,538 183,388 1,615,997
  
Long-term liabilities:
   Long-term debt, less current portion (Note 5) 208,099 202,782 1,960,426
   Accrued employees’ retirement benefits 9,280 8,136 87,421
   Accrued expenses for overhaul of vessels 2,099 2,486 19,774
   Obligations under finance leases 36,876 49,393 347,399
   Deferred income taxes (Note 6) 5,773 - 54,384
      Total long-term liabilities 262,127 262,797 2,469,404
  
Minority interests in consolidated subsidiaries 7,005 7,707   65,992
  
Commitments and contingent liabilities (Note 10)
  
Shareholders’ equity:
   Common stock, ¥50 par value:
   Authorized - 1,080,000,000 shares
Issued - 585,501,874 shares (1999)
   - 593,796,875 shares (2000)
29,690 29,275 279,697
   Capital surplus 14,535 13,744 136,927
   Retained earnings (Note 8) 30,085 25,588 283,421
  74,310 68,607 700,045
   Treasury stock, at cost (178) - (1,677)
      Total shareholders’ equity 74,132 68,607 698,368
      Total liabilities and shareholders’ equity ¥514,802 ¥522,499 $4,849,761

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