Consolidated Balance Sheets Chiyoda Corporation and Consolidated Subsidiaries March 31, 2003 and 2002 See notes to consolidated financial statements. ASSETS CURRENT ASSETS: Cash and cash equivalents ........................................................................................... ¥ 34,940 ¥ 38,677 $ 291,167 Time deposits............................................................................................................... 1,172 1,774 9,767 Notes and accounts receivable — trade (Notes 3 and 8) ............................................... 20,325 25,334 169,375 Allowance for doubtful accounts ................................................................................. (629) (368) (5,242) Costs and estimated earnings on long-term construction contracts (Note 4)................. 5,050 2,246 42,083 Costs of construction contracts in process.................................................................... 21,105 23,910 175,875 Jointly controlled asset of joint venture ........................................................................ 8,672 8,222 72,267 Prepaid expenses and other (Notes 7 and 12)............................................................... 6,294 2,507 52,450 Total current assets ............................................................................................. 96,929 102,302 807,742 PROPERTY, PLANT AND EQUIPMENT (Note 8): Land ........................................................................................................................... 2,527 2,691 21,058 Buildings and structures ............................................................................................... 6,676 6,731 55,633 Machinery and equipment ........................................................................................... 960 1,220 8,000 Tools, furniture and fixtures ......................................................................................... 5,178 5,424 43,150 Total ................................................................................................................... 15,341 16,066 127,841 Accumulated depreciation ........................................................................................... (8,274) (8,524) (68,950) Net property, plant and equipment ..................................................................... 7,067 7,542 58,891 INVESTMENTS AND OTHER ASSETS: Investment securities (Notes 5 and 8) ........................................................................... 1,835 1,759 15,292 Investments in and advances to unconsolidated  subsidiaries and associated companies (Notes 6 and 7)................................................. 3,650 5,020 30,417 Long-term loans........................................................................................................... 615 19 5,125 Long-term receivables (Note 7)..................................................................................... 9,918 14,194 82,650 Other investments........................................................................................................ 4,768 5,342 39,733 Allowance for doubtful accounts (Note 7) .................................................................... (4,485) (6,864) (37,375) Total investments and other assets...................................................................... 16,301 19,470 135,842 TOTAL ........................................................................................................................... ¥ 120,297 ¥ 129,314 $ 1,002,475 Millions of Yen 2003 2002 Thousands of U.S. Dollars (Note 1) 2003 27