foxtail said:
kumagawa said:
This is much worse than I first thought it was.
From
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Cash as of 31st of March 2011 = $10 billion
Cash as of 31st of March 2012 = $5.6 billion
nearly 50% of Nintendo's cash reserves gone in 1 YEAR. |
They had a decrease of 350,849 in millions of Yen in cash.
They also had an increase of 138,095 in millions of Yen in their short term investments.
So some of that cash was invested in short term securities.
They also probably lost some value "if" some of cash reserve was in US dollars due to exchange losses.
To see how much the high Yen effected them this year just look at the following:
"The operating loss was 37.3 billion yen. Due to exchange losses totaling 27.7 billion yen, the ordinary loss was 60.8 billion yen, and the net loss was 43.2 billion yen."
We don't how exactly Nintendo used the rest of their spent cash reserve though. Also their "current assets" haven't reduced in value that much in the year. The total current assets went from 1,468,706 to 1,140,786 in millions of Yen.
Definition of 'Current Assets'
1. A balance sheet account that represents the value of all assets that are reasonably expected to be converted into cash within one year in the normal course of business. Current assets include cash, accounts receivable, inventory, marketable securities, prepaid expenses and other liquid assets that can be readily converted to cash . - source
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