Kawasaki Heavy 30 Year Balance Sheet

Balance Sheet - FactSet FundamentalsReport

Kawasaki Heavy Industries Ltd.

7012-JP 6484620 Tokyo Common stockIndustrial ConglomeratesReport Basis:Annual

03/2009 03/2008 03/2007

Reporting Period Length:365 366 365Coverage: Full FullUpdate Status:Preliminary Final Final

Assets

Cash & Short-Term Investments31,955.0 39,875.0 39,350.0Cash 39,875.0 39,350.0Short-Term InvestmentsTotal Net Receivables 413,794.0 424,315.0Net Trade Receivables 413,794.0 424,315.0Provision for Bad Debt 4,140.0 4,273.0Inventories476,440.0 439,309.0 427,934.0Raw MaterialsWork in ProcessFinished GoodsOther Inventories/Progress PaymentsOther Current Assets487,401.0 89,304.0 70,318.0Prepaid ExpensesOther Current Assets487,401.0 89,304.0 70,318.0Total Current Assets995,796.0 982,282.0 961,917.0Gross Property, Plant & Equipment 835,609.0 814,100.0Accum Deprec, Depletion & Amort 575,682.0 560,281.0Net Property, Plant & Equipment284,117.0 259,927.0 253,819.0Investments & Long-Term Receivables 63,114.0 78,509.0Investments in Unconsolidated Subs 22,861.0 22,009.0Other Investments 40,253.0 56,500.0Long-Term ReceivablesIntangible Other Assets 16,053.0 15,128.0Other Assets77,084.0 19,057.0 20,881.0Deferred Charges 0.0 0.0Tangible Other Assets 19,057.0 20,881.0Total Assets1,356,997.0 1,340,433.0 1,330,254.0

Liabilities & Shareholders' Equity

ST Debt & Curr Portion LT Debt207,082.0 137,680.0 138,463.0Short Term Debt207,082.0 112,653.0 106,520.0Current Portion of Long Term Debt 25,027.0 31,943.0Accounts Payable 430,999.0 412,501.0Income Taxes Payable 17,105.0 13,660.0Other Current Liabilities622,924.0 238,757.0 241,882.0Other Current Liabilities622,924.0 219,494.0 224,072.0Accrued Payroll 19,263.0 17,810.0Dividends PayableTotal Current Liabilities830,006.0 824,541.0 806,506.0Long-Term Debt181,705.0 138,766.0 165,753.0Long-Term Debt excl Capitalized Leases181,705.0 138,766.0 165,753.0Non-Convertible Debt 124,210.0 151,196.0Convertible Debt 14,556.0 14,557.0Capitalized Lease Obligations0.0 0.0 0.0Provisions for Risks & Charges 84,094.0 77,484.0Deferred Taxes(39,835.0)(32,903.0)(23,729.0)Deferred Taxes - Credit 5,433.0 3,996.0Deferred Taxes - Debit 38,336.0 27,725.0

Other Liabilities89,876.0 6,898.0 8,863.0Deferred Tax Liability-Untaxed ReservesDeferred IncomeOther89,876.0 6,898.0 8,863.0Total Liabilities1,061,752.0 1,021,396.0 1,034,877.0Non-Equity Reserves 0.0 0.0Minority Interest4,804.0 5,845.0 4,949.0Preferred Stock (Carrying Value)0.0 0.0 0.0Preferred Stock issued for ESOPESOP Guarantees - Preferred StockRedeemable Preferred StockNon-Redeemable Preferred StockTotal Common Equity290,441.0 313,192.0 290,428.0Common Stock/Ordinary Capital 104,328.0 103,187.0Capital Surplus 54,290.0 53,179.0Retained Earnings 151,402.0 125,799.0Foreign Curr Translation AdjustmtEquity Reserves 5,217.0(1,607.0)Equity in Untaxed ReservesRevaluation ReservesOther Appropriated Reserves 5,217.0(1,607.0)Unappropriated (Free) Reserves 0.0ESOP & Unreal Capital Gain(Loss)(1,586.0)9,925.0ESOP Guarantees - Cmn StkUnrealized For Exch Gain(Loss)(11,878.0)(9,417.0)Unreal Marketable Sec Gain(Loss) 10,292.0 19,342.0Treasury Stock 459.0 55.0Total Shareholders' Equity290,441.0 313,192.0 290,428.0Liabilities & Shareholders' Equity1,356,997.0 1,340,433.0 1,330,254.0

Supplementary Items

Working Capital165,790.0 157,741.0 155,411.0Total Capital476,950.0 457,803.0 461,130.0Goodwill/Excess Cost Assets PurchasedGoodwill Written Off - CumulativeAccrued TaxesInterest PayableOther Accrued Expenses 0.0Total Debt388,787.0 276,446.0 304,216.0Net Debt356,832.0 236,571.0 264,866.0Monetary Correction - CapitalPension/Post Retirement Benefits 81,927.0 77,484.0Unfunded Pension Liabilities 857,786.0 69,954.0Order BacklogDeferred Tax Liability - Current 269.0 295.0Deferred Tax Asset - Current 25,250.0 32,694.0Cash & Equivalents - Generic31,955.0 39,875.0 39,350.0Mandatorily Redeemable Trust Preferred SecuritiesOther Mandatory Redeemable InstrumentsComputer SoftwareComprehensive IncomeAccum. Pension LiabilityAccum. Hedging Gain/LossAccum. Unearned CompensationAccum. Other

Gross Property, Plant & Equipment 835,609.0 814,100.0Land & Improvements 64,457.0 66,502.0Buildings 100,982.0 97,385.0Machinery & Equipment 68,371.0 62,307.0Rental/Lease PropertyTransportation EquipmentP,P & E Under Capitalized Leases 0.0 0.0Computer Software & EquipConstruction - Work in Progress 9,938.0 8,538.0Other 16,179.0 19,087.0Accum Depreciation, Depletion & Amort 575,682.0 560,281.0Land & Improvements 0.0 0.0BuildingsMachinery & EquipmentRental/Lease PropertyTransportation EquipmentP,P & E Under Capitalized Leases 0.0 0.0Computer Software & EquipConstruction - Work in ProgressOther Net Property, Plant & Equipment284,117.0 259,927.0 253,819.0Land & Improvements 64,457.0 66,502.0BuildingsMachinery & EquipmentRental/Lease PropertyTransportation EquipmentP,P & E Under Capitalized Leases 0.0 0.0Computer Software & EquipConstruction - Work in ProgressOther Debt Maturities - Long term2 - 5 Years6 - 10 YearsOver 10 YearsLease CommitmentsYear 1Year 2Year 3Year 4Year 5Over 5 YearsGoodwill Written Off - Current Year 0.0 0.0Revaluation ReserveRetained EarningsGoodwill Written Off - CumulativeAccounting Policies & MethodsAccounting Standards FollowedLocal StandardsInventory Costing MethodsFinancial Statement Cost Basis