Casio 2016 Annual Report Download - page 42

Annual Report 2016 / 4641
CONTENTS
To Our Stakeholders Prole Special Features ESG Information Financial Section Corporate Data
(6) Information on amortization of goodwill and unamortized balance in each reportable segment
Millions of Yen
For 2016 Consumer
System
Equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of the reporting year .. ¥— ¥45 ¥— ¥— ¥45
Thousands of U.S. Dollars (Note 1)
For 2016 Consumer
System
Equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of the reporting year .. $— $398 $— $— $398
Millions of Yen
For 2015 Consumer
System
Equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of the reporting year .. ¥— ¥56 ¥— ¥— ¥56
(Note): Disclosure of the amount of goodwill amortization has been omitted as it is disclosed in the segment information above.
14. Contingent Liabilities
At March 31, 2016 and 2015, the Group was contingently liable for trade notes and export drafts discounted
with banks in the amount of ¥1,193 million ($10,558 thousand) and ¥1,926 million, respectively.
15. Impairment Loss
For 2016
The Group posts impairment loss.
Use Type of assets Location
Business assets Tools, furniture and fixtures, leased
assets, software etc.
Hachioji City, Tokyo; Iruma City, Saitama
Pref. and others
Idle assets Land, buildings and structures Yamagata City, Yamagata Pref.; Ashiya
City, Hyogo Pref. and others
With respect to business assets, the Group carries out asset grouping principally according to its
management accounting categories, which are employed to enable continuous monitoring of the Group’s
earnings situation, and idle assets are managed on an individual basis.
The Group has applied impairment accounting to business assets whose values are deemed to have
significantly declined due to the deteriorating business environment and idle assets to make optimal use of
these assets in the future. Book value of these assets has been reduced to recoverable amounts and the
reduced amount of ¥1,047 million ($9,265 thousand) is recognized as “impairment loss.”
The breakdown of the losses is: ¥135 million ($1,195 thousand) for tools, furniture and fixtures, ¥293 million
($2,593 thousand) for land, ¥310 million ($2,743 thousand) for leased assets, ¥291 million ($2,575 thousand)
for software, and ¥18 million ($159 thousand) for others.
Recoverable amounts are estimated using net selling prices which are reasonably estimated. Recoverable
amounts for land are calculated based on publically assessed value, etc., and those for assets other than land
are based on estimated disposal values.
For 2015:
The Group posts impairment loss.
Use Type of assets Location
Business assets Tools, furniture and fixtures, leased
assets, etc.
Iruma City, Saitama Pref. and others
Idle assets Land, buildings and structures Kawaguchi City, Saitama Pref.; Ome City,
Tokyo, and others
With respect to business assets, the Group carries out asset grouping principally according to its
management accounting categories, which are employed to enable continuous monitoring of the Group’s
earnings situation, and idle assets are managed on an individual basis.
The Group has applied impairment accounting to business assets whose values are deemed to have
significantly declined due to the deteriorating business environment and idle assets to make optimal use of
these assets in the future. Book value of these assets has been reduced to recoverable amounts and the
reduced amount of ¥2,322 million is recognized as “impairment loss.”
The breakdown of the losses is: ¥424 million for buildings and structures, ¥313 million for tools, furniture
and fixtures, ¥450 million for land, ¥949 million for leased assets and ¥186 million for others.
Recoverable amounts are measured using reasonable estimates of net selling price that involves information
including real estate appraisal value for land, buildings and structures, and estimated disposal value for all
other assets.
16. Subsequent Events
Appropriation of retained earnings
At the annual shareholders’ meeting held on June 29, 2016, the Company’s shareholders approved the
payment of a cash dividend of ¥22.50 ($0.20) per share aggregating ¥5,767 million ($51,035 thousand) to
registered shareholders as of March 31, 2016.
Notes to Consolidated Financial Statements