The following tables set forth the summarized financial statements by business segment for the years ended March 31, 2005, 2004 and 2003. Amounts for the sales financing segment represent the aggregate of the figures for the sales financing subsidiaries in Japan, the United States, Canada and Mexico. Amounts for the automobile and Eliminations segment represent the differences between the consolidated totals and those for the sales financing segment. FINANCIAL SECTION 1) Summarized consolidated balance sheets by business segment Millions of yen Thousands of U.S. dollars Automobile and Sales Consolidated Automobile and Sales Consolidated Fiscal year 2004  (As of Mar. 31, 2005) Eliminations Financing total Eliminations Financing total Cash and cash equivalents ................................... ¥ 280,176 ¥ 9,608 ¥ 289,784 $ 2,618,468 $ 89,794 $ 2,708,262 Short-term investments ........................................... 20,431 3,485 23,916 190,944 32,570 223,514 Receivables, less allowance for  doubtful receivables ................................................ 296,364 3,193,181 3,489,545 2,769,757 29,842,813 32,612,570 Inventories .......................................................................... 702,534 5,528 708,062 6,565,738 51,664 6,617,402 Other current assets .................................................. 388,956 239,131 628,087 3,635,104 2,234,869 5,869,973 Total current assets .................................................... 1,688,461 3,450,933 5,139,394 15,780,011 32,251,710 48,031,721 Property, plant and equipment, net ................ 2,774,719 1,022,228 3,796,947 25,931,953 9,553,533 35,485,486 Investment securities ................................................. 361,632 289 361,921 3,379,738 2,701 3,382,439 Other assets ...................................................................... 427,389 122,872 550,261 3,994,290 1,148,336 5,142,626 Total assets ....................................................................... ¥5,252,201 ¥4,596,322 ¥9,848,523 $49,085,992 $42,956,280 $92,042,272 Short-term borrowings and current  portion of long-term debt .................................... ¥ (552,052) ¥2,536,002 ¥1,983,950 $ (5,159,364) $23,700,953 $18,541,589 Notes and accounts payable ............................... 1,343,000 41,163 1,384,163 12,551,402 384,701 12,936,103 Accrued income taxes .............................................. 56,256 7,307 63,563 525,757 68,290 594,047 Other current liabilities ............................................. 485,753 57,285 543,038 4,539,747 535,374 5,075,121 Total current liabilities ............................................... 1,332,957 2,641,757 3,974,714 12,457,542 24,689,318 37,146,860 Long-term debt .............................................................. 626,437 1,336,736 1,963,173 5,854,551 12,492,860 18,347,411 Other long-term liabilities ....................................... 914,039 274,146 1,188,185 8,542,421 2,562,112 11,104,533 Total long-term liabilities ......................................... 1,540,476 1,610,882 3,151,358 14,396,972 15,054,972 29,451,944 Total liabilities .................................................................. 2,873,433 4,252,639 7,126,072 26,854,514 39,744,290 66,598,804 Minority interests ........................................................... 256,656 45 256,701 2,398,654 421 2,399,075 Common stock ................................................................ 517,260 88,554 605,814 4,834,206 827,607 5,661,813 Capital surplus ................................................................. 774,403 30,067 804,470 7,237,411 281,000 7,518,411 Retained earnings ........................................................ 1,487,577 227,522 1,715,099 13,902,589 2,126,374 16,028,963 Unrealized holding gain on securities .......... 7,189 166 7,355 67,187 1,551 68,738 Translation adjustments .......................................... (397,428) (2,671) (400,099) (3,714,280) (24,963) (3,739,243) Treasury common stock .......................................... (266,889) — (266,889) (2,494,289) — (2,494,289) Total shareholders’ equity ...................................... 2,122,112 343,638 2,465,750 19,832,824 3,211,569 23,044,393 Total liabilities and shareholders’ equity .... ¥5,252,201 ¥4,596,322 ¥9,848,523 $49,085,992 $42,956,280 $92,042,272 Nissan Annual Report 2004 94