Consolidated Balance Sheet March 31, ASSETS CURRENT ASSETS (Note 3): Cash and cash equivalents (Notes 9 and 21) Time deposits over three months (Note 21) Receivables (Note 21): Trade notes (Note 13) Trade accounts Other Marketable securities (Notes 5 and 21) Inventories (Note 6) Deferred tax assets (Note 18) Other current assets Allowance for doubtful accounts current assets 175,956 27,578 789 777 2,725 19,64 47,672 796,646 4,147 21,965 218 116 1,459 13,561 12,92 9,857 28,686 54,3 (2,354) (1,86) 722,223 1,122,62 $ 2,27,19 8,269 28,451 8,47,453 233,552 1,239 144,191 14,815 577,361 (19,211) 11,936,234 PROPERTY, PLANT AND EQUIPMENT (Notes 7 and 8): Land 16,732 16,82 1,79,947 Buildings and structures 157,78 17,486 1,812,719 Other 28,52 42,9 456,146 346,961 374,27 3,978,813 Accumulated depreciation (14,458) (123,653) (1,314,767) Net property, plant and equipment 242,52 25,553 2,664,45 INVESTMENTS AND OTHER ASSETS (Note 8): Investment securities (Notes 5 and 21) 9,623 85,534 99,46 Investments in unconsolidated subsidiaries and affiliated companies (Note 22) 24,921 53,983 573,987 Goodwill 44,339 576,9 6,124,52 Intangible assets 18,752 51,232 544,733 Deferred tax assets (Note 18) 23,75 29,362 312,197 Other assets 38,825 5,92 541,226 Allowance for doubtful accounts (3,784) (14,611) (155,36) Allowance for losses on investment securities and investments in unconsolidated subsidiaries (257) investments and other assets 237,169 832,412 8,85,747 TOTAL 1,21,894 2,25,569 $23,451,27 Consolidated Balance Sheet - 1/2 Dentsu Annual Report
LIABILITIES AND EQUITY CURRENT LIABILITIES: Short-term borrowings (Notes 9 and 21) Current portion of long term debt (Notes 9, 2 and 21) Payables (Note 21): Trade notes (Note 13) Trade accounts (Note 9) Other Income taxes payable Accrued expenses Asset retirement obligations (Note 12) Other current liabilities current liabilities 4,733 25,62 9,689 44,431 9,277 13,629 29,4 28,397 21,268 27,143 8,211 777,166 331,486 21,175 67,781 9 63,311 525,181 1,317,554 $ 226,137 288,611 87,36 8,263,331 3,524,577 225,149 72,699 11 673,172 14,9,87 LONG-TERM LIABILITIES (Note 3): Bonds (Notes 1 and 21) 93,931 998,739 Long-term debt (Notes 9, 2 and 21) 57,176 73,58 781,593 Accrued pension and severance costs (Note 11) 38,24 42,695 453,962 Deferred tax liabilities (Note 18) 26 9,492 1,926 Deferred tax liabilities on land revaluation difference (Notes 2.l and 18) 9,38 9,38 96,1 Asset retirement obligations (Note 12) 851 896 9,528 Long-term payables 8,661 41,75 443,92 Other long-term liabilities 5,866 8,64 85,744 long-term liabilities 119,824 279,377 2,97,517 COMMITMENTS AND CONTINGENT LIABILITIES (Notes 2, 23 and 24) EQUITY (Notes 14 and 27): Common stock, authorized, 1,1,, shares; issued, 278,184, shares in 212 and 58,967 58,967 626,976 Capital surplus 6,899 6,899 647,519 Retained earnings 487,133 515,63 5,482,517 Treasury stock at cost, 29,32,96 shares in 212 and 29,35,42 shares in (65,7) (65,77) (691,946) Accumulated other comprehensive income: Unrealized gain on available-for-sale securities 12,135 13,69 144,79 Deferred gain (loss) on derivatives under hedge accounting (453) 8,173 86,99 Land revaluation difference (Note 2.l ) (5,931) (5,931) (63,69) Foreign currency translation adjustments (11,389) (1,775) (18,878) 536,29 584,495 6,214,735 Minority interests 2,598 24,141 256,687 equity 556,889 68,637 6,471,422 TOTAL 1,21,894 2,25,569 $23,451,27 Consolidated Balance Sheet - 2/2 Dentsu Annual Report
Consolidated Statement of Income Year ended March 31, NET SALES COST OF SALES Gross profit SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Note 19) Operating income 1,893,55 1,941,223 1,56,248 1,595,282 332,87 345,94 28,829 287,474 51,977 58,466 $2,64,33 16,962,66 3,678,264 3,56,612 621,652 OTHER INCOME (EXPENSES) (Note 3): Interest and dividend income 2,442 2,141 22,772 Interest expense (1,929) (1,462) (15,545) Profit distributions 2,71 2,826 3,52 Foreign exchange lossnet (115) (4,21) (44,673) Equity in earnings of affiliated companies 8,35 2,22 23,416 Gain on sales of investment securities 6,757 13,27 141,99 Other net (Notes 8, 11 and 16) (11,5) (9,932) (15,613) Other income (expenses) net 6,481 4,844 51,58 INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS 58,459 63,31 673,161 INCOME TAXES (Note 18): Current 19,735 25,967 276,17 Deferred 7,218 (1,45) (14,949) income taxes 26,954 24,561 261,158 NET INCOME BEFORE MINORITY INTERESTS 31,55 38,748 412,2 MINORITY INTERESTS IN NET INCOME 1,932 2,412 25,649 NET INCOME 29,573 36,336 $ 386,353 Yen PER SHARE OF COMMON STOCK (Notes 2.w and 26): Basic net income Diluted net income Cash dividends applicable to the year 118.69 114.81 31. 145.84 145.68 32. $ 1.55 1.55.34 Consolidated Statement of Income Dentsu Annual Report
Consolidated Statement of Comprehensive Income Year ended March 31, NET INCOME BEFORE MINORITY INTERESTS OTHER COMPREHENSIVE INCOME (Note 25): Unrealized gain on available-for-sale securities Deferred gain on derivatives under hedge accounting Foreign currency translation adjustments Share of other comprehensive income in associates other comprehensive income COMPREHENSIVE INCOME COMPREHENSIVE INCOME ATTRIBUTABLE TO: Owners of the parent Minority interests 31,55 38,748 1,194 1,8 2,378 8,652 (4,21) 9,84 15,287 599 23,839 2,856 55,344 59,65 53,393 56,51 1,951 3,554 $412,2 19,144 92, 14,247 6,371 221,764 $633,766 $595,977 37,789 Consolidated Statement of Comprehensive Income Dentsu Annual Report
Consolidated Statement of Changes in Equity Year ended March 31, Accumulated Other Comprehensive Income Outstanding Number of Shares of Common Common Capital Surplus Retained Earnings Treasury Unrealized Gain on Available-for-sale Securities Deferred Gain (Loss) on Derivatives under Hedge Accounting Land Revaluation Difference Foreign Currency Translation Adjustments Minority Interests Equity BALANCE, APRIL 1, 211 249,154,192 58,967 6,899 468,846 (65,64) 1,93 (2,823) (7,187) (22,634) 492,933 19,28 512,141 Net income 29,573 29,573 29,573 Cash dividends, 3. per share Reversal of revaluation reserve for land () () () Change in scope of consolidation 413 413 413 Change in scope of equity method (4,225) (4,225) (4,225) Repurchase of treasury stock (2,411) Disposal of treasury stock 123 () Transfer to retained earnings from other capital surplus () Other changes in the year 1,25 2,369 1,255 11,244 25,75 1,39 26,466 BALANCE, MARCH 31, 212 249,151,94 58,967 6,899 487,133 (65,7) 12,135 (453) (5,931) (11,389) 536,29 2,598 556,889 Net income 36,336 36,336 36,336 Cash dividends, 32. per share Change in scope of consolidation 16 16 16 Change in scope of equity method (26) (26) (26) Repurchase of treasury stock (2,95) Disposal of treasury stock 4 () Transfer to retained earnings from other capital surplus () Other changes in the year 1,474 8,627 9,613 19,715 3,542 23,257 BALANCE, MARCH 31, 249,148,958 58,967 6,899 515,63 (65,77) 13,69 8,173 (5,931) (1,775) 584,495 24,141 68,637 Accumulated Other Comprehensive Income Common Capital Surplus Retained Earnings Treasury Unrealized Gain on Available-for-sale Securities Deferred Gain (Loss) on Derivatives under Hedge Accounting Land Revaluation Difference Foreign Currency Translation Adjustments Minority Interests Equity BALANCE, MARCH 31, 212 $626,976 $647,519 $5,179,514 $(691,87) $129,34 $ (4,82) $(63,69) $(121,98) $5,72,185 $219,18 $5,921,24 Net income 386,353 386,353 386,353 Cash dividends, $.34 per share Change in scope of consolidation 1,74 1,74 1,74 Change in scope of equity method (283) (283) (283) Repurchase of treasury stock Disposal of treasury stock () Transfer to retained earnings from other capital surplus () Other changes in the year 15,674 91,729 12,219 29,623 37,668 247,292 BALANCE, MARCH 31, $626,976 $647,519 $5,482,517 $(691,946) $144,79 $86,99 $(63,69) $ (18,878) $6,214,735 $256,687 $6,471,422 Consolidated Statement of Changes in Equity Dentsu Annual Report
Consolidated Statement of Cash Flows Year ended March 31, OPERATING ACTIVITIES: Income before income taxes and minority interests Adjustments for: Income taxes paid Depreciation and amortization Impairment loss Amortization of goodwill net Foreign exchange (gain) loss net Equity in earnings of affiliated companies Loss on transfer of business (Increase) decrease in notes and accounts receivable trade (Increase) decrease in inventories Increase (decrease) in notes and accounts payable trade Increase (decrease) in allowance for doubtful accounts Increase (decrease) in liability for retirement benefits (Increase) decrease in other current assets Increase (decrease) in other current liabilities Other net adjustments Net cash provided by operating activities INVESTING ACTIVITIES (Note 3): Payments for purchases of property, plant and equipment Proceeds from sales of property, plant and equipment Payments for purchases of investment securities Proceeds from sales of investment securities Payments for purchases of software Payments for loans Proceeds from collection of loans Payments for the purchase of consolidated subsidiaries Payments for the purchase of investment in subsidiaries resulting in change in scope of consolidation (Note 17) Proceeds from the purchase of investment in subsidiaries resulting in change in scope of consolidation Payments for sales of investments in subsidiaries resulting in change in scope of consolidation Proceeds from sales of investment in subsidiaries resulting in change in scope of consolidation Payments for purchases of long-term prepaid expenses Payments for currency option contracts Other net Net cash provided by (used in) investing activities FINANCING ACTIVITIES: Increase (decrease) in short-term borrowings net Proceeds from long-term debt Repayments of long-term debt Payments for repurchase of treasury stock Dividends paid to shareholders Dividends paid to minority shareholders Other net Net cash used in financing activities FOREIGN CURRENCY TRANSLATION ADJUSTMENTS ON CASH AND CASH EQUIVALENTS NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR CASH AND CASH EQUIVALENTS OF NEWLY CONSOLIDATED SUBSIDIARIES CASH AND CASH EQUIVALENTS, END OF YEAR 58,459 (18,55) 14,251 1,74 2,445 (57) (8,35) 4,56 (58,249) (1,342) 33,347 58 4,27 (1,645) 5,24 (62) (32,62) 26,397 (5,458) 38 (7,497) 81,19 (4,14) (29) 1,8 (12,33) (4,22) (339) (3,31) 886 45,941 71 (2,48) (548) 44 (27,331) (1,866) 43,14 131,662 1,152 175,956 63,31 (19,969) 12,928 665 5,625 4,247 (2,22) 22,985 (1,346) (3,787) (879) 3,577 (5,364) 12,67 (9,166) 19,985 83,295 (3,834) 568 (27,577) 26,7 (7,293) (145) 227 (13,457) (16,34) (24) 28 (3,237) (5,243) (1,221) (51,236) (96) 3, (25,91) (54) 32 (5,349) 3,95 3,616 175,956 1,6 27,578 $ 673,161 (212,333) 137,466 7,8 59,89 45,16 (23,416) 244,4 (14,32) (4,267) (9,347) 38,43 (57,42) 134,724 (97,461) 212,495 885,656 (4,769) 6,47 (293,223) 276,533 (77,547) (1,543) 2,423 (143,83) (17,492) (261) 32 (34,427) (55,752) (12,982) (544,775) (1,212) 318,979 (275,4) (5,741) 344 (56,879) 41,529 325,529 1,87,881 1,698 $2,27,19 Consolidated Statement of Cash Flows Dentsu Annual Report