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34 Brother Annual Report 2008
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Brother Industries, Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2008 and 2007
Sublease obligations included in the above table 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 ¥ 65 ¥ 97 $ 650
Due after one year 68 132 680
Total ¥ 133 ¥ 229 $ 1,330
Depreciation expense, which was computed by the straight-line method and not reflected in the accompanying consolidated statements of
income, was ¥126 million ($1,260 thousand) and ¥191 million for the years ended March 31, 2008 and 2007, respectively.
The amount of obligations under finance leases includes the imputed interest expense portion.
(As lessor)
Consolidated subsidiaries lease certain furniture and fixtures, machinery, vehicles and intangible assets.
Finance lease revenues amounted to ¥139 million for the year ended March 31, 2007. Sublease revenue of ¥139 million was included in
the amount for the year ended March 31, 2007.
Information of leased property whose ownership does not transfer to the lessee during or at the completion of the lease term at March
31, 2008 was not disclosed since it was nil.
Leased property whose ownership does not transfer to the lessee during or at the completion of the lease term at March 31, 2007 was as fol-
lows:
March 31, 2007
Millions of Yen
Machinery and Intangible Fixed
Vehicles Assets Total
Acquisition cost ¥ 70 ¥ 1 ¥ 71
Accumulated depreciation 70 1 71
Net leased property ¥ — ¥ — ¥ —
Expected revenues including interest revenue portion from finance leases 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 ¥ 70 ¥ 106 $ 700
Due after one year 76 146 760
Total ¥ 146 ¥ 252 $ 1,460
Operating leases:
Due within one year ¥ 0 ¥ 1 $ 0
Due after one year — 0 —
Total ¥ 0 ¥ 1 $ 0