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11. Research and Development Costs
Research and development costs charged to income were ¥36,859 million ($376,112 thousand) and ¥34,117 million for the years ended
March 31, 2009 and 2008, respectively.
12. Leases
(As lessee)
The Group leases certain furniture and fixtures, machinery and vehicles.
Total rental expense of finance leases, except for those cases in which the ownership of the leased assets is transferred to the
lessee, amounted to ¥79 million ($806 thousand) and ¥222 million for the years ended March 31, 2009 and 2008, respectively. Sub-
lease payments, in the amount of ¥63 million ($643 thousand) and ¥96 million, were included in the amounts for the years ended
March 31, 2009 and 2008, respectively.
As discussed in Note 2(12), the Group accounts for leases which existed at the transition date and do not transfer ownership of
the leased property to the lessee as operating lease transactions.
Pro forma information of such finance leases which existed at the transition date, such as acquisition cost, accumulated depreciation,
obligations under finance leases and depreciation expense, on a “as if capitalized” basis for the years ended March 31, 2009 and 2008
was as follows:
March 31, 2009
Millions of Yen
Furniture and
Fixtures
Machinery and
Vehicles Total
Acquisition cost ¥ 1 ¥ 144 ¥ 145
Accumulated depreciation 1 138 139
Net leased property ¥0¥6¥6
March 31, 2008
Millions of Yen
Furniture and
Fixtures
Machinery and
Vehicles Others Total
Acquisition cost ¥ 31 ¥ 510 ¥ 6 ¥ 547
Accumulated depreciation 31 441 6 478
Net leased property ¥ 0 ¥ 69 — ¥ 69
March 31, 2009
Thousands of U.S. Dollars
Furniture and
Fixtures
Machinery and
Vehicles Total
Acquisition cost $ 10 $ 1,469 $ 1,479
Accumulated depreciation 10 1,408 1,418
Net leased property $0$61$61
Obligations under finance leases which existed at the transition date and do not transfer ownership and operating leases at March 31,
2009 and 2008 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
Finance leases:
Due within one year ¥53
¥ 109 $ 541
Due after one year 20 93 204
Total ¥73
¥ 202 $ 745
Operating leases:
Due within one year ¥ 1,237 ¥ 1,209 $ 12,622
Due after one year 4,336 3,575 44,245
Total ¥ 5,573 ¥ 4,784 $ 56,867
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Brother Industries, Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2009 and 2008
34 Brother Annual Report 2009