- Financial Information
- Methods for preparing consolidated financial statements
- The Company's consolidated financial statements are prepared in accordance with International Financial Reporting Standards (hereinafter "IFRS") as issued by the International Accounting Standards Board which are applied based on the provision of Article 93 of Ordinance on Terminology, Forms and Preparation Methods of Consolidated Financial Statements (Ministry of Finance Order No. 28 of 1976).
- Figures less than one million yen are rounded down in the Company's consolidated and non-consolidated financial statements.
- Note on independent audit
In accordance with the provision of Article 193-2 Paragraph 1 of the Financial Instruments and Exchange Law, the Company received audit of its consolidated financial statements of the consolidated fiscal year (from April 1, 2021 to March 31, 2022) from Ernst & Young ShinNihon LLC.
3. Remarkable efforts to ensure fair presentation of consolidated financial statements, etc. and arrangements of internal system to prepare consolidated financial statements, etc. fairly in accordance with IFRS
To ensure the appropriateness of its consolidated financial statements, the Company takes special measures and has arranged a structure that enables the appropriate preparation of consolidated financial statements and other materials based on IFRS. Details are as follows.
-
In order to arrange a structure that enables details regarding accounting standards, etc., to be properly understood and changes to accounting standards, etc., to be handled with accuracy, the Company has joined the Financial Accounting Standards Foundation and receives information regarding accounting standards.
It also participates in seminars, etc. organized by the Financial Accounting Standards Foundation, audit corporation and others. - When applying IFRS, the Company obtains press releases and statements of standards issued by the International Accounting Standards Board as needed to properly understand the latest standards. Also, to ensure the appropriate preparation of consolidated financial statements, etc., based on IFRS, the Company has created Group standards in compliance with IFRS and applies consistent accounting treatments across the entire Group based on these.
104
Consolidated financial statements, etc.
(1) Consolidated financial statements
Consolidated Statement of Financial Position
Years ended March 31, 2021 and 2022:
Millions of yen | Thousands of | |||||
U.S. dollars | ||||||
Notes | March 31, | March 31, | March 31, | |||
2021 | 2022 | 2022 | ||||
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | 8, 35 | 304,007 | 335,239 | 2,741,344 | ||
Trade and other receivables | 9, 35 | 161,332 | 168,221 | 1,375,590 | ||
Inventories | 10 | 256,366 | 308,385 | 2,521,751 | ||
Income tax receivables | 3,518 | 5,057 | 41,352 | |||
Other financial assets | 11, 35 | 1,156 | 769 | 6,288 | ||
Other current assets | 12 | 13,160 | 16,797 | 137,353 | ||
Subtotal | 739,540 | 834,469 | 6,823,689 | |||
Assets held for sale | 457 | - | - | |||
Total current assets | 739,997 | 834,469 | 6,823,689 | |||
Non-current assets | ||||||
Property, plant and equipment | 13, 16, 21 | 344,637 | 343,172 | 2,806,214 | ||
Intangible assets | 14 | 27,976 | 24,218 | 198,037 | ||
Investment property | 15 | 1,246 | 1,108 | 9,060 | ||
Investments accounted for using the equity | 1,718 | 2,040 | 16,681 | |||
method | ||||||
Net defined benefit assets | 23 | 140 | 2,278 | 18,627 | ||
Other financial assets | 11, 35 | 20,213 | 20,192 | 165,115 | ||
Other non-current assets | 12 | 1,614 | 4,181 | 34,189 | ||
Deferred tax assets | 17 | 23,770 | 34,757 | 284,217 | ||
Total non-current assets | 421,317 | 431,950 | 3,532,177 | |||
Total assets | 1,161,314 | 1,266,420 | 10,355,875 |
105
Millions of yen | Thousands of | |||||
U.S. dollars | ||||||
Notes | March 31, | March 31, | March 31, | |||
2021 | 2022 | 2022 | ||||
Liabilities and equity | ||||||
Liabilities | ||||||
Current liabilities | ||||||
Trade and other payables | 18, 35 | 134,149 | 146,201 | 1,195,527 | ||
Income tax payables | 7,305 | 12,233 | 100,032 | |||
Bonds issued, borrowings and lease liabilities | 19, 35 | 28,127 | 26,297 | 215,038 | ||
Other financial liabilities | 35 | 2,361 | 4,497 | 36,773 | ||
Provisions | 20 | 11,014 | 10,993 | 89,892 | ||
Other current liabilities | 22 | 122,973 | 131,817 | 1,077,904 | ||
Subtotal | 305,931 | 332,040 | 2,715,185 | |||
Liabilities directly associated with assets held for | 12 | - | - | |||
sale | ||||||
Total current liabilities | 305,943 | 332,040 | 2,715,185 | |||
Non-current liabilities | ||||||
Bonds issued, borrowings and lease liabilities | 19, 35 | 237,780 | 216,853 | 1,773,268 | ||
Other financial liabilities | 35 | 2,730 | 3,788 | 30,975 | ||
Net defined benefit liabilities | 23 | 33,087 | 24,210 | 197,972 | ||
Provisions | 20 | 7,757 | 8,042 | 65,761 | ||
Other non-current liabilities | 22 | 13,483 | 13,680 | 111,865 | ||
Deferred tax liabilities | 17 | 7,582 | 2,064 | 16,877 | ||
Total non-current liabilities | 302,421 | 268,640 | 2,196,745 | |||
Total liabilities | 608,365 | 600,680 | 4,911,930 | |||
Equity | ||||||
Share capital | 24 | 53,204 | 53,204 | 435,064 | ||
Capital surplus | 24 | 84,418 | 84,010 | 686,973 | ||
Treasury shares | 24 | (40,874) | (40,808) | (333,698) | ||
Other components of equity | 24 | 54,869 | 89,068 | 728,334 | ||
Retained earnings | 399,306 | 480,154 | 3,926,355 | |||
Equity attributable to owners of the parent | 550,924 | 665,628 | 5,443,028 | |||
company | ||||||
Non-controlling interests | 2,025 | 112 | 915 | |||
Total equity | 552,949 | 665,740 | 5,443,944 | |||
Total liabilities and equity | 1,161,314 | 1,266,420 | 10,355,875 |
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Consolidated Statement of Comprehensive Income
Years ended March 31, 2021 and 2022:
Thousands of | |||||||
Millions of yen | U.S. dollars | ||||||
Year ended | Year ended | ||||||
March 31, | March 31, | ||||||
Notes | 2021 | 2022 | 2022 | ||||
Revenue | 7, 26 | 995,940 | 1,128,914 | 9,231,449 | |||
Cost of sales | 10, 13, 14, 28 | (643,563) | (710,462) | (5,809,649) | |||
Gross profit | 352,377 | 418,451 | 3,421,792 | ||||
Selling, general and administrative expenses | 13, 14, 27, 28 | (290,735) | (328,814) | (2,688,805) | |||
Other operating income | 29 | 3,225 | 10,214 | 83,522 | |||
Other operating expense | 13, 16, 30 | (17,213) | (5,372) | (43,928) | |||
Profit from operating activities | 47,654 | 94,479 | 772,581 | ||||
Finance income | 31 | 1,317 | 4,698 | 38,416 | |||
Finance costs | 31 | (4,137) | (2,128) | (17,401) | |||
Share of profit of investments accounted for using the | 99 | 113 | 924 | ||||
equity method | |||||||
Profit before tax | 44,933 | 97,162 | 794,521 | ||||
Income taxes | 17 | (13,937) | (4,859) | (39,733) | |||
Profit for the period | 30,995 | 92,302 | 754,779 | ||||
Profit for the period attributable to: | |||||||
Owners of the parent company | 30,922 | 92,288 | 754,665 | ||||
Non-controlling interests | 73 | 14 | 114 | ||||
Profit for the period | 30,995 | 92,302 | 754,779 |
107
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss, net of tax
Remeasurement of net defined benefit liabilities (assets) Net gain (loss) on revaluation of financial assets measured at FVTOCI (Note)
Subtotal
Items that may be reclassified subsequently to profit or loss, net of tax
Exchange differences on translation of foreign operations
Net changes in fair value of cash flow hedges
Share of other comprehensive income of investments accounted for using the equity method
Subtotal
Total other comprehensive income, net of tax
Total comprehensive income for the period
Total comprehensive income for the period attributable to:
Owners of the parent company Non-controlling interests
Total comprehensive income for the period
Thousands of | ||||||
Millions of yen | U.S. dollars | |||||
Year ended | Year ended | |||||
March 31, | March 31, | |||||
Notes | 2021 | 2022 | 2022 | |||
32 | 20,220 | 10,541 | 86,196 | |||
32 | 1,505 | (199) | (1,627) | |||
21,726 | 10,341 | 84,561 | ||||
32 | 17,172 | 34,573 | 282,713 | |||
32 | (1,130) | (1,085) | (8,872) | |||
32 | 54 | 95 | 776 | |||
16,096 | 33,582 | 274,609 | ||||
37,822 | 43,924 | 359,179 | ||||
68,818 | 136,226 | 1,113,958 | ||||
68,564 | 136,206 | 1,113,795 | ||||
254 | 20 | 163 | ||||
68,818 | 136,226 | 1,113,958 |
(Note) FVTOCI: Fair Value Through Other Comprehensive Income
Earnings per share for the period:
Basic earnings per share for the period Diluted earnings per share for the period
Yen | U.S. dollars | |||||
Year ended | Year ended | |||||
March 31, | March 31, | |||||
Notes | 2021 | 2022 | 2022 | |||
33 | 89.38 | 266.73 | 2.18 | |||
33 | 89.35 | 266.64 | 2.18 |
108
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Seiko Epson Corporation published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 06:11:01 UTC.