Thousands of
Millions of yen U.S. dollars (Note 3)
2004 2003 2004LIABILITIES AND SHAREHOLDERS’ EQUITY As of Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2005
Current liabilities:
Short-term borrowings and current portion of
long-term debt (Note 8) ¥1,983,950 ¥1,411,262 $18,541,589
Notes and accounts payable (Note 7) 1,384,163 1,126,277 12,936,103
Accrual for warranty costs 61,762 45,550 577,215
Accrued income taxes (Note 13) 63,563 94,008 594,047
Other current liabilities 481,276 425,384 4,497,906
Total current liabilities 3,974,714 3,102,481 37,146,860
Long-term liabilities:
Long-term debt (Note 8) 1,963,173 1,694,793 18,347,411
Accrued retirement benefits (Note 9) 508,203 442,266 4,749,561
Accrual for warranty costs 122,990 107,047 1,149,439
Other long-term liabilities 556,992 385,490 5,205,533
Total long-term liabilities 3,151,358 2,629,596 29,451,944
Minority interests 256,701 103,785 2,399,075
Shareholders’ equity (Notes 10, 14 and 22):
Common stock, without par value:
Authorized—6,000,000,000 shares;
Issued      —4,520,715,112 shares in 2004 and 2003605,814 605,814 5,661,813
Capital surplus 804,470 804,470 7,518,411
Retained earnings 1,715,099 1,286,299 16,028,963
Unrealized holding gain on securities 7,355 4,392 68,738
Translation adjustments (400,099) (431,744) (3,739,243)
2,732,639 2,269,231 25,538,682
Less treasury common stock, at cost; 141,235,573 shares in 2004 
and 122,116,426 shares in 2003 (266,889) (245,237) (2,494,289)
Total shareholders’ equity 2,465,750 2,023,994 23,044,393
Commitments and contingencies (Note 17)
Total liabilities and shareholders’ equity ¥9,848,523 ¥7,859,856 $92,042,272
See notes to consolidated financial statements.
FINANCIAL SECTION
Nissan Annual Report 2004 73