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Notes to Non-Consolidated Interim Financial Statements
September 30, 1996 and 1995 (Unaudited)
1. Basis of Presentation of Financial Statements
デュエルビッツ 初回入金ボーナスccompanying non-consolidated interim financial statements should be
read in conjunction with the financial statements and related notes included
in デュエルビッツ 初回入金ボーナスnnual Report of Kobe Steel, Ltd. (the "Company") to stockholders for
the year ended March 31, 1996.
デュエルビッツ 初回入金ボーナスccompanying interim financial statements have been translated from
the financial statements which are prepared for Japanese domestic purposes,
in accordance with interim accounting standards promulgated by the
Business Accounting Deliberation Council. Certain modifications have been
made in デュエルビッツ 初回入金ボーナスccompanying interim financial statements in order to facilitate
understanding by foreign readers.
For convenience only, U.S. dollar amounts presented in デュエルビッツ 初回入金ボーナスccompanying
interim financial statements have been translated from Japanese yen at the
rate of ¥111 to US, the rate prevailing on September 30, 1996.
2. Marketable Securities and Investments in Securities
Listed equity securities, both in marketable securities and investments in
securities, are principally stated at the lower of moving average or market
value. As allowed under interim accounting standards, the Company has not
written down to market value listed equity securities whose market prices
are deemed to recover by the end of this fiscal year.
The book value and market value of such securities at September 30, 1996
were as follows:
Thousands of
U.S.dollars
Millions of yen (Note 1)
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Book value ¥ 206 $ 1,856
Market value 192 1,730
3. Contingent Liabilities
At September 30, 1996, the Company was contingently liable as follows:
Thousands of
U.S.dollars
Millions of yen (Note 1)
-------------------------------------- -------------------- --------------
Guarantees of loans ¥ 4,420 $ 39,820
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In the opinion of the Company's directors, this report enables investors to
make an informed assessment of the results and activities of the Group for
the period.
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