AR2017

54/90

Financial PositionAssetsTotal assets as of March 31, 2017, were ¥274.2 billion, an increase of ¥33.5 billion from the end of the previous scal year. The main changes were as follows:· Cash and deposits-¥20.7 billion· Trade notes and accounts receivable+¥4.5 billion· Inventories+¥3.5 billion· Property, plant and equipment+¥9.0 billion· Goodwill+¥34.5 billionLiabilitiesTotal liabilities as of March 31, 2017, were ¥95.5 billion, an increase of ¥26.9 billion from the end of the previous scal year. The main changes were as follows:· Trade notes and accounts payable+¥5.4 billion· Short-term loans payable-¥1.1 billion· Current portion of long-term loans payable+¥3.1 billion· Long-term loans payable+¥17.8 billionNet AssetsNet assets as of March 31, 2017, were ¥178.7 billion, an increase of ¥6.6 billion from the end of the previous scal year. The main changes were as follows:· Retained earnings+¥7.5 billionCash FlowsCash and cash equivalents as of March 31, 2017, amounted to ¥41.3 billion, a decrease of ¥19.0 billion year-on-year.Cash Flows from Operating ActivitiesNet cash provided by operating activities increased ¥4.4 billion year-on-year, to ¥24.4 billion. The principal movements were as follows.· Prot before income taxes-¥1.4 billion· Depreciation and amortization-¥1.3 billion· Trade notes and accounts receivable-¥2.5 billion· Trade notes and accounts payable+¥5.0 billion· Income taxes paid+¥1.7 billionCash Flows from Investing ActivitiesNet cash used in investing activities decreased ¥38.5 billion year-on-year, to ¥48.4 billion. The principal movements were as follows.· Payments into time deposits-¥1.2 billion· Proceeds from withdrawal of time deposits+¥2.2 billion· Purchase of property, plant and equipment-¥3.2 billion· Purchase of shares and membership interests of subsidiaries resulting in change in scope of consolidation-¥36.9 billionCash Flows from Financing ActivitiesNet cash provided by nancing activities amounted to ¥5.3 billion compared with net cash used of ¥4.0 billion in the previous scal year. The principal movements were as follows.· Short-term loans payable-¥1.7 billion· Proceeds from long-term loans payable+¥20.9 billion· Repayments of long-term loans payable-¥9.3 billionManagement’s Discussion and AnalysisNet AssetsCash Flows172.1178.720162017Total shareholders’equity+7.5Total accumulated other comprehensive income–0.7Non-controllinginterests–0.3Sharesubscriptionrights+0.041.360.320162017Net cash provided byoperating activities+24.4Net cash used ininvesting activities –48.4Net cash provided by nancing activities +5.3Effect of exchange ratechange on cashand cash equivalents +0.0Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation–0.3¥ Billion¥ Billion(Fiscal years ended March 31)(Fiscal years ended March 31)LINTEC ANNUAL REPORT 201752FINANCIAL SECTION