ANNUAL REPORT 2017 Financial Section

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ANNUAL REPORT 2017 Financial Section ANNUAL REPORT 2017 FINANCIAL SECTION For the fiscal year ended March 31, 2017 Contents Consolidated Financial Statements 002 Notes to Consolidated Financial Statements 010 Independent Auditor’s Report 103 SoftBank Group Corp. Trajectory of Bringing Essential Management Financial Corporate ANNUAL REPORT 2017 the Information Revolution the Future Forward Information Organization Section Information 002 Consolidated Financial Statements a. Consolidated Statement of Financial Position (Thousands of (Millions of yen) U.S. dollars) ASSETS Notes As of March 31, 2016 As of March 31, 2017 As of March 31, 2017 Current assets Cash and cash equivalents ������������������������������������������������������������������������������������������������������������������������������� . 7 ¥ 2,569,607 ¥ 2,183,102 $ 19,458,971 Trade and other receivables . 8, 25 1,914,789 2,121,619 18,910,946 Other financial assets ������������������������������������������������������������������������������������������������������������������������������� . 9, 25 152,858 794,689 7,083,421 Inventories ������������������������������������������������������������������������������������������������������������������������������� . 10 359,464 341,344 3,042,553 Other current assets ������������������������������������������������������������������������������������������������������������������������������� . 11 553,551 283,221 2,524,477 Total current assets . 5,550,269 5,723,975 51,020,368 Non-current assets Property, plant and equipment ������������������������������������������������������������������������������������������������������������������������������� . 12 4,183,507 3,977,254 35,451,056 Goodwill . 13 1,609,789 4,175,464 37,217,791 Intangible assets ������������������������������������������������������������������������������������������������������������������������������� . 13 6,439,145 6,946,639 61,918,522 Investments accounted for using the equity method ������������������������������������������������������������������������������������������������������������������ 16 1,588,270 1,670,799 14,892,584 Other financial assets ������������������������������������������������������������������������������������������������������������������������������� . 9, 25 970,874 1,552,267 13,836,055 Deferred tax assets ������������������������������������������������������������������������������������������������������������������������������� . 18 172,864 404,994 3,609,894 Other non-current assets . 11 192,474 182,820 1,629,557 Total non-current assets ������������������������������������������������������������������������������������������������������������������������������� . 15,156,923 18,910,237 168,555,459 Total assets ������������������������������������������������������������������������������������������������������������������������������� . ¥20,707,192 ¥24,634,212 $219,575,827 SoftBank Group Corp. Trajectory of Bringing Essential Management Financial Corporate ANNUAL REPORT 2017 the Information Revolution the Future Forward Information Organization Section Information 003 (Thousands of (Millions of yen) U.S. dollars) LIABILITIES AND EQUITY Notes As of March 31, 2016 As of March 31, 2017 As of March 31, 2017 Current liabilities Interest-bearing debt . 19, 25 ¥ 2,646,609 ¥ 2,694,093 $ 24,013,664 Trade and other payables ������������������������������������������������������������������������������������������������������������������������������� . 20, 25 1,621,195 1,607,453 14,327,953 Other financial liabilities ������������������������������������������������������������������������������������������������������������������������������� . 25 6,531 13,701 122,123 Income taxes payables . 140,351 256,218 2,283,786 Provisions ������������������������������������������������������������������������������������������������������������������������������� . 23 56,120 56,362 502,380 Other current liabilities ������������������������������������������������������������������������������������������������������������������������������� . 22 694,965 599,096 5,340,013 Total current liabilities . 5,165,771 5,226,923 46,589,919 Non-current liabilities Interest-bearing debt . 19, 25 9,275,822 12,164,277 108,425,680 Other financial liabilities ������������������������������������������������������������������������������������������������������������������������������� . 21, 25 95,664 287,229 2,560,201 Defined benefit liabilities . 24 123,759 108,172 964,186 Provisions ������������������������������������������������������������������������������������������������������������������������������� . 23 118,876 138,730 1,236,563 Deferred tax liabilities ������������������������������������������������������������������������������������������������������������������������������� . 18 2,083,164 1,941,380 17,304,394 Other non-current liabilities . 22 338,865 297,771 2,654,167 Total non-current liabilities ������������������������������������������������������������������������������������������������������������������������������� . 12,036,150 14,937,559 133,145,191 Total liabilities ������������������������������������������������������������������������������������������������������������������������������� . 17,201,921 20,164,482 179,735,110 Equity Equity attributable to owners of the parent Common stock . 30 238,772 238,772 2,128,282 Capital surplus ������������������������������������������������������������������������������������������������������������������������������� . 30 261,234 245,706 2,190,088 Retained earnings . 30 2,166,623 2,958,355 26,369,151 Treasury stock . 30 (314,752) (67,727) (603,681) Accumulated other comprehensive income . 30 261,736 211,246 1,882,931 Total equity attributable to owners of the parent . 2,613,613 3,586,352 31,966,771 Non-controlling interests . 891,658 883,378 7,873,946 Total equity . 3,505,271 4,469,730 39,840,717 Total liabilities and equity . ¥20,707,192 ¥24,634,212 $219,575,827 SoftBank Group Corp. Trajectory of Bringing Essential Management Financial Corporate ANNUAL REPORT 2017 the Information Revolution the Future Forward Information Organization Section Information 004 b. Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated Statement of Income (Thousands of (Millions of yen) U.S. dollars) Fiscal year ended Fiscal year ended Fiscal year ended Notes March 31, 2016 March 31, 2017 March 31, 2017 Continuing operations Net sales ������������������������������������������������������������������������������������������������������������������������������� . 33 ¥ 8,881,777 ¥ 8,901,004 $ 79,338,658 Cost of sales . 34 (5,518,104) (5,472,238) (48,776,522) Gross profit . 3,363,673 3,428,766 30,562,136 Selling, general and administrative expenses . 34 (2,374,955) (2,277,251) (20,298,164) Gain from remeasurement relating to business combination ������������������������������������������������������������������������������������������������������ 5 59,441 18,187 162,109 Other operating loss ������������������������������������������������������������������������������������������������������������������������������� . 35 (139,252) (143,703) (1,280,890) Operating income ������������������������������������������������������������������������������������������������������������������������������� . 908,907 1,025,999 9,145,191 Finance cost ������������������������������������������������������������������������������������������������������������������������������� . 36 (440,744) (467,311) (4,165,353) Income on equity method investments ������������������������������������������������������������������������������������������������������������������������������� . 16 375,397 321,550 2,866,120 Gain on sales of shares of associates . 37 12,428 238,103 2,122,319 Derivative gain (loss) ������������������������������������������������������������������������������������������������������������������������������������������������������������������ 38 12,788 (252,815) (2,253,454) Gain (loss) from financial instruments at FVTPL �������������������������������������������������������������������������������������������������������������������������� 39 114,377 (160,419) (1,429,887) Other non-operating income (loss) �������������������������������������������������������������������������������������������������������������������������������������������� 26, 40 (63,992) 7,419 66,129 Income before income tax . 919,161 712,526 6,351,065 Income taxes . 18 (422,677) 207,105 1,846,020 Net income from continuing operations ������������������������������������������������������������������������������������������������������������������������������� . 496,484 919,631 8,197,085 Discontinued operations Net income from discontinued operations . 42 61,757 554,799 4,945,174 Net income . ¥ 558,241 ¥ 1,474,430 $ 13,142,259 Net income attributable to Owners of the parent ������������������������������������������������������������������������������������������������������������������������������� . ¥ 474,172 ¥ 1,426,308 $ 12,713,326 Non-controlling interests . 84,069 48,122 428,933 ¥ 558,241 ¥ 1,474,430 $ 13,142,259 (Yen) (U.S. dollars) Fiscal year ended Fiscal year ended Fiscal year ended March 31, 2016 March 31, 2017 March 31, 2017 Earnings per share attributable to owners of the parent Basic earnings per share Continuing operations ������������������������������������������������������������������������������������������������������������������������������� . 43 ¥370.05 ¥ 792.16 $ 7.06 Discontinued operations . 43 32.44 494.85 4.41 Total basic earnings per share ������������������������������������������������������������������������������������������������������������������������������� . 43 ¥402.49 ¥1,287.01 $11.47 Diluted earnings per share Continuing operations ������������������������������������������������������������������������������������������������������������������������������� . 43 ¥355.90 ¥ 781.25 $ 6.96 Discontinued operations . 43 32.42 494.39 4.41 Total diluted earnings per share . 43 ¥388.32.
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