KOBE STEEL, LTD
ECOWAY

Non-Consolidated Interim Balance Sheets
At September 30, 1997 and 1996 (Unaudited)

Millions of yen

Thousands of
U.S. dollars
(Note 1)

Assets

1997

1996

1997

Current assets:
Cash and cash equivalents

9,150

12,945

75,557

Marketable securities

76,405

89,360

630,925

Notes and accounts receivable:
Trade

167,032

163,380

1,379,290

Subsidiaries and affiliates

121,100

117,700

1,000,000

Other

9,834

11,815

81,205

Allowance for doubtful accounts

(1,142)

(1,148)

(9,430)

296,824

291,747

2,451,065

Inventories:
Finished goods

53,103

49,461

438,505

Work in process

114,210

109,235

943,105

Raw materials and supplies

58,059

58,131

479,430

225,372

216,827

1,861,040

Other

40,624

40,530

335,459

Total current assets

648,375

651,409

5,354,046

Investments and other assets:
Investments in securities

23,033

24,213

190,198

Investments in and advances to
subsidiaries and affiliates


185,598


191,471


1,532,601

Other

49,905

50,589

412,098

Allowance for doubtful accounts

(2,923)

(2,893)

(24,137)

255,613

263,380

2,110,760

Plant and equipment:
Land

117,673

118,332

971,701

Buildings and structures

425,499

419,992

3,513,617

Machinery and equipment

1,461,328

1,426,468

12,067,118

Construction in progress

25,177

45,334

207,902

2,029,677

2,010,126

16,760,338

Less accumulated depreciation

1,211,308

1,154,861

10,002,543

818,369

855,265

6,757,795

Deferred assets:
Research and development expenses

10,085

11,323

83,278

1,732,442

1,781,377

14,305,879

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