Brother International 2013 Annual Report Download - page 39

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38
7. Long-lived Assets
The Group reviewed its long-lived assets for impairment. For the years ended March 31, 2013 and 2012, the Company and consolidated subsidiaries recorded impairment
loss of ¥269 million ($2,862 thousand) and ¥609 million, respectively, as other expense, for business assets, idle assets and rental assets. The carrying amounts of these
assets were written down to the recoverable amount. The recoverable amount of business assets was measured at the value in use or the net selling price at disposition,
while idle assets and rental assets were measured at the net selling price at disposition. The discount rates used for computation of the present value of future cash flows
were 12.6% and 8.1% for the years ended March 31, 2013 and 2012, respectively.
8. Investment Property
In November 2008, the ASBJ issued ASBJ Statement No. 20, “Accounting Standard for Investment Property and Related Disclosures” and issued ASBJ Guidance No. 23,
“Guidance on Accounting Standard for Investment Property and Related Disclosures.”
The Group owns certain rental properties such as office buildings and land in Nagoya and other areas. The net of rental income and operating expenses for those rental
properties was ¥1,153 million ($12,266 thousand) and ¥1,053 million for the years ended March 31, 2013 and 2012, respectively.
In addition, the carrying amounts, changes in such balances and market prices of such properties are as follows:
Millions of Yen
Carrying amount Fair value
April 1, 2012 Increase March 31, 2013 March 31, 2013
¥ 7,862 ¥ 1,509 ¥ 9,371 ¥ 18,376
Millions of Yen
Carrying amount Fair value
April 1, 2011 Decrease March 31, 2012 March 31, 2012
¥ 8,797 ¥ (935) ¥ 7,862 ¥ 15,515
Thousands of U.S. Dollars
Carrying amount Fair value
April 1, 2012 Increase March 31, 2013 March 31, 2013
$ 83,638 $ 16,053 $ 99,691 $ 195,489
Notes: 1) The carrying amount recognized in the consolidated balance sheet is net of accumulated depreciation and accumulated impairment losses, if any.
2) The fair value of properties as of March 31, 2013 is mainly measured by the Group in accordance with its Real-Estate Appraisal Standard.
Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2013