Reliant FORM 10-K manual 183

19,324 for 2003,

LIABILITIES AND SHAREHOLDERS’ EQUITY€

Current liabilities

Note payable to related party Trade and other accounts payable Payables to related parties

Payroll and benefit-related liabilities Contractual liabilities Restructuring

Other accrued liabilities

Long-term debt due within one year

Total current liabilities

Other liabilities Long-term deferred income Long-term debt

Long-term note payable to related party

Total liabilities Minority interest

Commitments (note 13)

Total assets

Long-term receivable from related party Investments at cost

Plant and equipment — net Goodwill

Intangible assets — net Deferred income taxes — net Other assets

Total current assets

ASSETS Current assets

Cash and cash equivalents

Accounts receivable (less provisions of Inventories — net

Receivables from related parties Other current assets

(thousands of Euros)

NORTEL NETWORKS S.A.

(a Subsidiary of Nortel Networks Limited)

Consolidated Balance Sheets as at December 31

32,499 for 2002)

€

20032002

As restated*

74,352 150,419

113,41183,955

66,19780,070

254,697 234,071

17,469 106,364

526,126 654,879

–140,010

–16,176

184,169 218,121

19,683	–
8,929	3,454
47,510	43,268
–	6
786,417	1,075,914
160	–
141,799	91,151
32,002	89,326
68,960	50,809
23,822	37,818
9,224	13,346
105,739	174,260
3,241	3,073
384,947	459,783
9,615	2,837
18,092	17,231
73,217	76,457
70,000	220,000
555,871	776,308
–	9,757

SHAREHOLDERS’ EQUITY
Common shares, 0.005 par value — Authorized shares: unlimited;
Issued and outstanding: 91,308,951 for 2003 and 61,308,951 for 2002		456,544	306,544
Additional paid-in capital		(26,417)	43,997
Accumulated deficit		(199,581)	(60,692)
Total shareholders’ equity		230,546	289,849
Total liabilities and shareholders’ equity		786,417	1,075,914
* See note 3
The accompanying notes€	are an integral part of these financial statements	183