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Exhibit 13-c
Nordson Corporation
CONSOLIDATED BALANCE SHEET
October 31, 1993 and November 1, 1992
1993 1992
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(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 18,128 $ 7,409
Marketable securities 5,235 5,600
Receivables 107,395 106,489
Inventories 84,661 87,674
Deferred income taxes 21,708 20,819
Prepaid expenses 4,545 3,845
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TOTAL CURRENT ASSETS 241,672 231,836
Property, plant and equipment - net 78,689 77,372
Intangible assets - net 27,251 31,578
Deferred income taxes 6,689 --
Other assets 3,669 5,511
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$357,970 $346,297
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Notes payable $ 19,050 $ 39,743
Accounts payable 22,186 19,082
Income taxes payable 16,955 14,945
Accrued liabilities 44,420 42,779
Deferred income taxes 3,810 --
Customer advance payments 3,505 3,557
Current maturities of long-term debt 3,174 3,366
Current obligations under capital leases 3,181 3,226
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TOTAL CURRENT LIABILITIES 116,281 126,698
Long-term debt 17,667 22,075
Obligations under capital leases 4,422 4,748
Deferred income taxes 495 2,647
Other liabilities 22,700 12,409
Shareholders' equity:
Common shares without par value:
Authorized - 80,000,000 shares
Issued - 24,506,000 shares 12,253 12,253
Capital in excess of stated value 45,167 37,264
Cumulative translation adjustments 7,627 13,378
Retained earnings 263,988 236,973
Common shares in treasury, at cost (129,549) (118,096)
Guarantee of ESOP obligation (3,081) (4,052)
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TOTAL SHAREHOLDERS' EQUITY 196,405 177,720
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$357,970 $346,297
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<FN>
The accompanying notes are an integral part of the consolidated financial
statements.
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