Epson 2012 Annual Report Download - page 60

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59
Outline of business transfer
Transferred to
Business activities
Date of transfer
Loss on transfer of subsidiary’s equity
Sony (China) Limited
Production of small-and medium-sized TFT LCD displays
July 1, 2011
¥2,024 million ($24,625 thousand)
Carrying amounts of assets and liabilities transferred as of June 30, 2011, were as follows:
Thousands of
Millions of yen
U.S. dollars
Current assets ¥21,361 $259,897
Noncurrent assets 1,043 12,690
Total ¥22,404 $272,587
Current liabilities ¥11,882 $144,567
Noncurrent liabilities - -
Total ¥11,882 $144,567
Outline of the business
(a) Net sales
(b) Operating income
¥14,747 million ($179,425 thousand)
(year ended March 31, 2012)
¥0 million ($0 thousand)
(year ended March 31, 2012)
6. Inventories
Losses recognized and charged to cost of sales as a result of valuations as of March 31, 2011 and 2012, were
¥30,654 million and ¥31,031 million ($377,552 thousand), respectively.
7. Investments in debt and equity securities
Epson classifies all investments in debt and equity securities as either held-to-maturity debt securities or other
securities.
The market value (carrying value) of held-to-maturity debt securities, which was recognized at amortized cost
and included in the short-term investments and investment securities accounts at March 31, 2011 and 2012,
comprised the following:
Held-to-maturity debt securities