Canon 2004 Annual Report Download - page 66

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64
CANON INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
(9) Goodwill and Other Intangible Assets
Intangible assets acquired for the year ended December 31,
2004 totaled ¥25,234 million ($242,635 thousand), which are
subject to amortization and primarily consist of internal use
software of ¥19,523 million ($187,721 thousand) and license
fees of ¥5,072 million ($48,769 thousand). The weighted
average amortization period for internal use software and
license fees is approximately 4 years and 8 years, respectively.
The components of acquired intangible assets subject to
amortization included in other assets at December 31, 2004
and 2003 were as follows:
December 31 2004 2003
Gross Carrying Accumulated Gross Carrying Accumulated
(Millions of yen) Amount Amortization Amount Amortization
Software ¥121,546 79,517 ¥115,675 80,534
License fees 24,603 14,183 21,975 14,012
Other 6,976 3,585 6,188 3,319
Total ¥153,125 97,285 ¥143,838 97,865
2004
Gross Carrying Accumulated
(Thousands of U.S. dollars) Amount Amortization
Software $1,168,712 764,587
License fees 236,567 136,375
Other 67,077 34,471
Total $1,472,356 935,433
The cost of equipment leased to customers under
operating leases at December 31, 2004 and 2003 was
¥67,364 million ($647,731 thousand) and ¥78,712 million,
respectively. Accumulated depreciation on equipment under
operating leases at December 31, 2004 and 2003 was
¥52,493 million ($504,740 thousand) and ¥64,770 million,
respectively.
The following is a schedule by year of the future minimum
lease payments to be received under financing leases and non-
cancelable operating leases at December 31, 2004.
Year ending December 31 Millions of yen Thousands of U.S. dollars
Financing leases Operating leases Financing leases Operating leases
2005 ¥ 70,921 2,447 $ 681,933 23,529
2006 55,771 1,296 536,260 12,462
2007 33,718 670 324,212 6,442
2008 15,571 253 149,721 2,433
2009 4,523 82 43,490 788
Thereafter 203 8 1,951 77
¥180,707 4,756 $ 1,737,567 45,731