Epson 2012 Annual Report Download - page 62

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61
For the years ended March 31, 2011 and 2012, the total amount of other-than-temporary impairments charged to
current income for securities with market value is not disclosed herein since it is insignificant to the consolidated
results. Impairments are principally recorded in cases where the fair value of other securities with determinable
market value has declined in excess of 30% of cost. Those securities are written down to the fair value, and the
resulting losses are included in current income for the period.
The total sales of other securities, the related gains and losses for the year ended March 31, 2011, were ¥108
million, ¥6 million and ¥26 million, respectively. The total sales of other securities, the related gains for the year
ended March 31, 2012, were ¥162 million ($1,971 thousand) and ¥41 million ($498 thousand), respectively.
Unlisted securities, which were carried at costs of ¥1,428million and ¥1,136 million ($13,821 thousand) at
March 31, 2011 and 2012 respectively, are not included in this table because market quotations are unavailable,
and it is therefore extremely difficult to estimate their market value.
The amounts of investments in unconsolidated subsidiaries and affiliates, which were included in the investment
securities account at March 31, 2011 and 2012, were ¥2,131 million and ¥2,996 million ($36,452 thousand),
respectively.
8. Short-term and long-term loans payable
Short-term loans payable and long-term loans payable at March 31, 2011 and 2012, comprised the following:
Millions of yen
Thousands
of
U.S. dollars
March 31 March 31,
2011 2012 2012
Amount Amount
Average
interest
rate Last due Amount
Short-term loans payable ¥31,129 ¥30,812 0.95% - $374,887
Current portion of long-term loans payable 42,093 30,500 1.78 - 371,091
Current portion of lease obligations 461 407 - - 4,951
Long-term loans payable from financial
institutions 107,500 77,500 1.54 2017 942,937
Lease obligations 973 636 - 2017 7,743
Unsecured bonds issued by the Company 20,000 20,000 1.44 2012 243,338
Unsecured bonds issued by the Company 30,000 - - - -
Unsecured bonds issued by the Company 20,000 20,000 1.70 2012 243,338
Unsecured bonds issued by the Company 20,000 20,000 0.58 2015 243,338
Unsecured bonds issued by the Company - 20,000 0.49 2014 243,338
Unsecured bonds issued by the Company -20,000 0.72 2016
243,338
Total ¥272,157 ¥239,855
$2,918,299
Average interest rates are calculated using weighted-average interest rates on short-term loans payable, long-term
loans payable and bonds payable, as of March 31, 2012.
Average interest rates on lease obligations are not disclosed herein since interest expenses included in lease
payments are allocated based on the straight-line method for the corresponding fiscal years.
The maturities of long-term loans payable outstanding as of March 31, 2012, were as follows: