Notes to Consolidated Financial Statements Had IAS been applied, the significant effects on the consolidated financial statements would have been as follows. As the effect of pension and severance plans for the year ended March 31, 2000 was not computed, the effect for the year beginning on April 1, 2000 is estimated and disclosed in Note 10.  Please refer to the corresponding notes for details of the other items. The Company and its consolidated subsidiaries in Japan maintain their books of account in yen. The U.S. dollar amounts included in the accompanying consolidated financial statements and the notes thereto represent the arithmetic results of translating yen into dollars at ¥106= US$1, the approximate rate of exchange prevailing on March 31, 2000. The U.S. dollar amounts are presented solely for the convenience of the reader and the translation is not intended to imply that the assets and liabilities which originated in yen have been or could readily be converted, realized or settled in U.S. dollars at the above or any other rate. The current and noncurrent portfolios of marketable securities at March 31, 1999 and 2000, which are included in short-term investments (current) and in investments and long-term loans — other (noncurrent), are summarized as follows: 4. Marketable Securities 3. U.S. Dollar Amounts 32 Yen U.S. Dollars (millions) (thousands) Amount of significant effects on consolidated financial statements 1999 2000 2000 Cumulative translation adjustments Cumulative translation adjustments ¥ —86,660 ¥—114,904 $—1,084,000 Total shareholders’ equity —86,660 —114,904 —1,084,000 Decrease in cumulative translation adjustments Net loss —5,927 — — Decrease in cumulative translation adjustments  [Statement of shareholders’ equity] +5,927 — — Detachable stock purchase warrants (Note 9) Other current liabilities —8,477 —1,971 —18,594 Total shareholders’ equity +8,477 +1,971 18,594 Leases (Note 15) Property, plant and equipment, net +72,830 — — Total long-term liabilities +72,830 — — Scope of consolidation (Unaudited) Total assets +306,861 — — Total liabilities +302,218 — — Minority interests in consolidated subsidiaries +4,643 — — + Yen U.S. Dollars (millions) (thousands) 1999 2000 2000 Current: Carrying value ¥ 12,447 ¥ 7,456 $ 70,340 Market value 12,270 8,187 77,236 Net unrealized gains (losses) ¥ (177) ¥ 731 $ 6,896 Noncurrent: Carrying value ¥119,346 ¥117,315 $ 1,106,745 Market value 179,806 233,085 2,198,915 Net unrealized gains ¥ 60,460 ¥115,770 $1,092,170