Epson 2011 Annual Report Download - page 57

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56
straight-line method over the periods of the leases, assuming no residual value.
(18) Net income per share
Net income per share is computed based on the weighted-average number of common shares outstanding during
each fiscal period.
(19) Dividends
Dividends are charged to retained earnings in the fiscal year in which they are paid after approval by
shareholders. In addition to year-end dividends, the board of directors may declare interim cash dividends by
resolution to the registered shareholders as of September 30 of each year.
(20) Changes in significant accounting policies
Effective April 1, 2010, Epson adapted the Accounting Standards Board of Japan (“ASBJ”) Statement No.18,
“Accounting Standard for Asset Retirement Obligations” and its Guidance No.21, “Guidance on Accounting
Standard for Asset Retirement Obligations,” issued on March 31, 2008.
The adoption of these standards did not have a material effect on Epson’s results of operations and financial
position for the year ended March 31, 2011.
(21) Comprehensive income
Effective from the year ended March 31, 2011, Epson adapted ASBJ Statement No. 25, “Accounting Standard
for Presentation of Comprehensive Income” which was announced on June 30, 2010. According to the
announcement, comprehensive income for the years ended March 31, 2010 and 2011, are presented.
4. U.S. dollar amounts
U.S. dollar amounts presented in the accompanying consolidated financial statements and in these notes are
included solely for the convenience of readers. These translations should not be construed as representations that
the yen amounts actually represent, or have been or could be converted into U.S. dollars at that or any other rate.
As the amounts shown in U.S. dollars are for convenience only, a rate of ¥83.15 = U.S.$1, the exchange rate
prevailing as of March 31, 2011, has been used.
5. Acquisitions and business transfer
(1) Acquisitions
As of March 11, 2009, the Company owned 66.69% of the issued and outstanding shares of consolidated
subsidiary Epson Toyocom Corporation (“Epson Toyocom”). Aiming to make Epson Toyocom a wholly-owned