The balance sheets show total assets increasing by 8.6 billion yen to 1,357.0 billion yen from the end of the previous fiscal year. Primary factors for this included the fact that current assets saw an increase of 41.1 billion yen in inventory assets mainly in relation to the development of the Boeing 787 and AH-64D Apache Longbow by the Aerospace Company while fixed assets decreased 11.7 billion yen due to the depreciation of tangible fixed assets and a drop in latent profits on shares with market values.
Starting this fiscal year a category for leased assets has been added to the balance sheets. It was extracted from the existing categories of machinery, equipment and vehicles and other fixed assets. The figure for fiscal year ended March 31, 2006 is shown for reference purposes.
Regarding interest-bearing debt, a 20.0 billion yen straight bond was reduced in May while a 20.0 billion yen straight bond was issued and an 8.0 billion yen commercial paper was issued by our subsidiary, Subaru Finance Co., Ltd. This led to an increase of 9.3 billion yen to 383.4 billion over the previous fiscal year. The debt-to-equity ratio was slightly up at 0.83.
The equity section of the balance sheets is now referred to as the net asset section due to the enactment of the Corporate Law. With this revision minority equity is now included in net assets, which totaled 466.0 billion yen.
The capital-to-assets ratio, which shows a percentage of net assets excluding minority equity to total assets, was 34.2%, down 0.3% from the shareholders' equity to total assets ratio as of the end of the previous fiscal year.