Alpine 2008 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2008 Alpine annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

30
12. Lease Information
Finance leases, except for those leases for which the ownership of the leased assets are considered to be transferred to the lessees, are accounted for in
the same manner as operating leases. At March 31, 2008 and 2007, the equivalent amounts of purchase price, accumulated depreciation and book value
of leased properties were as follows:
2008 2007 2008
Purchase price equivalent of machinery and equipment ¥989 ¥1,376 $9,871
Accumulated depreciation equivalent of machinery and equipment 776 966 7,745
Net book value equivalent ¥213 ¥410 $2,126
Purchase price equivalent of other assets ¥— ¥1 $—
Accumulated depreciation equivalent of other assets — 1 —
Net book value equivalent ¥— ¥0 $—
Thousands of U.S. Dollars
Millions of Yen
The future minimum lease payments excluding interest expense under finance leases at March 31, 2008 and 2007 were as follows:
2008 2007 2008
Current ¥140 ¥223 $1,397
Non-current 83 209 828
Total ¥223 ¥432 $2,225
Thousands of U.S. Dollars
Millions of Yen
Such finance lease payments of the Companies amounted to ¥232 million (US$2,316 thousand), ¥302 million and ¥440 million for the years ended March
31, 2008, 2007 and 2006, respectively.
The equivalent of depreciation expense amounting to ¥218 million (US$2,176 thousand) in 2008, ¥284 million in 2007, and ¥411 million in 2006, was
computed using the straight-line method over the lease terms assuming no residual value. The equivalent of interest expense amounting to ¥7 million (US$70
thousand) in 2008, ¥12 million in 2007, and ¥20 million in 2006, was computed using the interest rate method over the lease terms for the difference
between acquisition cost and total lease payments.
The future minimum lease payments under noncancelable operating leases at March 31, 2008 and 2007 were as follows:
2008 2007 2008
Current ¥447 ¥396 $4,462
Non-current 483 598 4,821
Total ¥930 ¥994 $9,283
Thousands of U.S. Dollars
Millions of Yen