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26 Brother Annual Report 2008
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Brother Industries, Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2008 and 2007
Available-for-sale securities and held-to-maturity securities whose fair value was not readily determinable as of March 31, 2008 and 2007
were as follows:
Carrying amount
Thousands of
Millions of Yen U.S. Dollars
2008 2007 2008
Available-for-sale:
Equity securities ¥ 399 ¥ 511 $ 3,990
Investments in limited liability partnerships 47 51 470
Total ¥ 446 ¥ 562 $ 4,460
The carrying values of debt securities and others by contractual maturity for securities classified as available-for-sale and held-to-maturity at
March 31, 2008 were as follows:
Thousands of
Millions of Yen U.S. Dollars
March 31, 2008 Held to Maturity Held to Maturity
Due in one year or less ¥ 300 $ 3,000
Due after one year through five years 475 4,750
Due after five years through ten years 50 500
Total ¥ 825 $ 8,250
5. Long-lived Assets
The Company and domestic consolidated subsidiaries reviewed its long-term assets for impairment. For the years
ended March 31, 2008 and 2007, the Company and domestic consolidated subsidiaries recorded impairment loss of ¥28
million ($280 thousand) and ¥46 million, respectively, as other expense for certain building and idle assets due to
decline in the market prices. The carrying amounts of these assets were written down to the recoverable amount, which
was measured at the net selling price.
6. Short-term Borrowings and Long-term Debt
Short-term borrowings at March 31, 2008 and 2007 consisted of the following:
Thousands of
Millions of Yen U.S. Dollars
2008 2007 2008
Loans principally from banks with weighted average
interest rates of 3.53%
(4.80% in 2007) ¥ 12,618 ¥ 13,188 $ 126,180