Canon 2008 Annual Report Download - page 76

74
T
housands o
f
U.S. dollar
s
Cos
t
G
r
oss
unrealized
h
o
ld
ing
gain
s
G
r
oss
u
nrealize
d
h
o
ld
ing
l
osses
F
air va
l
ue
2008:
C
urrent
:
Av
a
il
ab
l
e
-f
o
r-
sa
l
e:
G
overnment
b
on
d
s $ 11 $ — $ — $ 11
F
un
d
trust
s
1,462 175 — 1,637
$ 1,473 $ 175 $ — $ 1,648
N
oncurrent:
Available-
f
or-sale
:
Go
v
e
rnm
e
n
t
bo
n
ds
$ 4,736 $ — $ 198 $ 4,538
C
orporate
d
e
b
t securitie
s
17,505 297 352 17,450
F
un
d
trust
s
26,000 440 1,868 24,572
E
qu
i
t
y
secur
i
t
i
es 115,627 27,824 9,187 134,264
$ 163,868 $ 28,561 $ 11,605 $ 180,824
M
atu
ri
t
i
es
o
f
a
v
a
il
ab
l
e
-f
o
r-
sa
l
e
debt
secu
ri
t
i
es
a
n
d
f
u
n
d
t
r
usts
included in short-term investments and investments in the
Av
a
il
ab
l
e
-f
o
r-
sa
l
e
secu
ri
t
i
es
Millions of yen
T
h
ousa
n
ds
of
U
.S. dollars
Cos
t
F
air valu
e
C
ost
F
air valu
e
Due wit
h
in one
y
ea
r
¥ 134 ¥ 150 $ 1,473 $ 1,648
Due after one
y
ear throu
g
h fi ve
y
ear
s
3,542 3,426 38,923 37,648
Due a
f
ter
fi
ve years through ten years 848 811 9,318 8,912
¥ 4,524 ¥ 4,387 $ 49,714 $ 48,208
The
g
ross realized
g
ains were ¥116 million (
$
1,275 thousand),
¥1,512 million and ¥674 million for the
y
ears ended December
31, 2008, 2007 an
d
2006, respective
l
y. T
h
e gross rea
l
ize
d
l
osses,
including write-downs for impairments that were other than
temporar
y
, were ¥7,868 million (
$
86,462 thousand) for the
y
ear
ended December 31, 2008, and were not si
g
ni
fi
cant
f
or the
years en
d
e
d
Decem
b
er 31, 2007 an
d
2006
.
At December 31, 2008, substantially all of the available-for-
sale securities with unrealized losses had been in a continuous
unrealized loss position
f
or less than 12 months
.
Time deposits with ori
g
inal maturities of more than three
months are ¥7,430 million
(
$81,648 thousand
)
and ¥10,333
million at December 31, 2008 and 2007, respectively, and are
included in short-term investments in the accompan
y
in
g
conso
l
i
d
ate
d
b
a
l
ance s
h
eets
.
Aggregate cost of non-marketable equity securities accounted
for under the cost method totaled ¥10,684 million
(
$117,407
thousand
)
and ¥14,017 million at December 31, 2008 and 2007,
respectivel
y
. Investments with an a
gg
re
g
ate cost o
f
¥10,572
million ($116,176 thousand) were not evaluated for im
p
airment
because
(
a
)
Canon did not estimate the fair value of those
investments as it was not practicable to estimate the fair value
o
f
the investments and (b) Canon did not identi
fy
an
y
events or
chan
g
es in circumstances that mi
g
ht have had si
g
ni
fi
cant
ad
v
e
r
se
e
ff
ects
o
n
t
h
e
f
a
ir v
a
l
ue
o
f
t
h
ose
inv
est
m
e
n
ts.
Investments in affi liated companies accounted for by the
equity method amounted to ¥59,428 million (
$
653,055 thousand)
and ¥42,817 million at December 31, 2008 and 2007, respectivel
y
.
Canon’s share of the net earnin
g
s (losses) in affi liated companies
accounted for by the equity method, included in other income
(
deductions
)
, was a loss of ¥20,047 million
(
$220,297 thousand
)
f
or the
y
ear ended December 31, 2008, and earnin
g
s o
f
¥5,634
million and ¥4,237 million
f
or the
y
ears ended December 31,
2007 an
d
2006, respective
l
y.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
CANON INC. AND SUBSIDIARIES
accompan
y
in
g
consolidated balance sheets were as follows at
Decem
b
er 31, 2008
: