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33Brother Annual Report 2008
11. Research and Development Costs
Research and development costs charged to income were ¥34,117 million ($341,170 thousand) and ¥28,454 million for
the years ended March 31, 2008 and 2007, respectively.
12. Leases
(As lessee)
The Group leases certain furniture and fixtures, machinery and vehicles.
Finance leases, except for those cases in which the ownership of the leased assets is transferred to the lessee, were
accounted for as rental transactions, and amounted to ¥222 million ($2,220 thousand) and ¥317 million for the years
ended March 31, 2008 and 2007, respectively. Sublease payments, in the amount of ¥96 million ($960 thousand) and
¥126 million, were included in the amounts for the years ended March 31, 2008 and 2007, respectively.
Pro forma information of leased property under finance leases that do not transfer ownership of the leased property to
the lessee on an "as if capitalized” basis for the years ended March 31, 2008 and 2007 was as follows:
March 31, 2008
Millions of Yen
Furniture and Machinery and
Fixtures Vehicles Others Total
Acquisition cost ¥ 31 ¥ 510 ¥ 6 ¥ 547
Accumulated depreciation 31 441 6 478
Net leased property ¥ 0 ¥ 69 ¥ —¥ 69
March 31, 2007
Millions of Yen
Furniture and Machinery and
Fixtures Vehicles Others Total
Acquisition cost ¥ 307 ¥ 560 ¥ 35 ¥ 902
Accumulated depreciation 303 449 35 787
Net leased property ¥ 4 ¥ 111 ¥ 0 ¥ 115
March 31, 2008
Thousands of U.S. Dollars
Furniture and Machinery and
Fixtures Vehicles Others Total
Acquisition cost $ 310 $ 5,100 $ 60 $ 5,470
Accumulated depreciation 310 4,410 60 4,780
Net leased property $ 0 $ 690 $ —$ 690
Obligations under finance leases that do not transfer ownership and operating leases at March 31, 2008 and 2007 were as follows:
Thousands of
Millions of Yen U.S. Dollars
2008 2007 2008
Finance leases:
Due within one year ¥ 109 ¥ 164 $ 1,090
Due after one year 93 180 930
Total ¥ 202 ¥ 344 $ 2,020
Operating leases:
Due within one year ¥ 1,209 ¥ 900 $ 12,090
Due after one year 3,575 2,269 35,750
Total ¥ 4,784 ¥ 3,169 $ 47,840