Consolidated Balance Sheets At March 31, 2012 and 2011 Thousands of U.S. dollars (Note 3) Millions of yen Yamaha Corporation and consolidated subsidiaries 2012 2011 2012 ¥ 52,103 45,634 4,699 77,146 1,855 8,678 (1,165) 188,952 ¥ 57,210 46,486 1,960 71,659 8,393 10,404 (1,397) 194,717 $ 633,934 555,226 57,172 938,630 22,570 105,585 (14,174) 2,298,966 36,695 19,301 48,853 250 1,757 106,858 38,106 19,651 49,347 272 888 108,267 446,466 234,834 594,391 3,042 21,377 1,300,134 61,690 353 1,045 4,792 54 3,601 (739) 70,799 75,477 368 3,654 4,732 202 4,106 (675) 87,867 750,578 4,295 12,714 58,304 657 43,813 (8,991) 861,406 ¥366,610 ¥390,852 $4,460,518 Assets Current assets: Cash and deposits (Notes 18 and 20) Notes and accounts receivable — trade (Notes 20 and 28) Short-term investment securities (Notes 20, 21 and 27) Inventories (Note 8) Deferred tax assets (Note 24) Other Allowance for doubtful accounts Total current assets Property, plant and equipment, net of accumulated depreciation (Notes 4 and 13): Buildings and structures, net Machinery and equipment, net Land (Note 7) Leased assets, net Construction in progress Total property, plant and equipment, net of accumulated depreciation Investments and other assets: Investment securities (Notes 5, 20, 21 and 27) Long-term loans receivable Deferred tax assets (Note 24) Lease and guarantee deposits Goodwill Other Allowance for doubtful accounts Total investments and other assets Total assets See notes to consolidated financial statements. 60 Yamaha Corporation Thousands of U.S. dollars (Note 3) Millions of yen 2012 2011 2012 ¥ 22,263 9,883 912 29,407 1,931 234 262 2,769 5,165 72,829 ¥ 24,198 6,597 3,863 28,657 2,303 617 1 2,850 5,746 74,836 $ 270,872 120,246 11,096 357,793 23,494 2,847 3,188 33,690 62,842 886,105 499 15,348 12,595 41,479 15,516 1,508 86,948 1,376 199 14,486 37,599 15,854 1,496 71,013 6,071 186,738 153,242 504,672 188,782 18,348 1,057,890 28,534 — 40,054 138,152 (3,690) 203,050 — 28,534 40,054 169,894 (3,690) 234,793 347,171 — 487,334 1,680,886 (44,896) 2,470,495 27,337 (367) 17,304 (43,611) 662 3,118 206,832 ¥366,610 33,559 (252) 15,549 (41,583) 7,272 2,937 245,002 ¥390,852 332,607 (4,465) 210,537 (530,612) 8,055 37,936 2,516,511 $4,460,518 Liabilities Current liabilities: Notes and accounts payable — trade (Notes 20 and 28) Short-term loans payable (Notes 20 and 27) Current portion of long-term loans payable (Note 27) Accounts payable — other and accrued expenses (Note 20) Income taxes payable Advances received (Note 27) Deferred tax liabilities (Note 24) Provision for product warranties Other Total current liabilities Noncurrent liabilities: Long-term loans payable (Notes 20 and 27) Deferred tax liabilities (Note 24) Deferred tax liabilities for land revaluation (Note 7) Provision for retirement benefits (Note 23) Long-term deposits received (Note 20) Other Total noncurrent liabilities Contingent liabilities (Note 6) Net Assets Shareholders’ equity (Note 17): Capital stock: Authorized — 700,000,000 shares; Issued 2012 — 197,255,025 shares 2011 — 197,255,025 shares Capital surplus Retained earnings Treasury stock Total shareholders’ equity Accumulated other comprehensive income: Valuation difference on available-for-sale securities Deferred losses on hedges Revaluation reserve for land (Note 7) Foreign currency translation adjustment Total accumulated other comprehensive income Minority interests Total net assets Total liabilities and net assets Annual Report 2012 61