Epson 2016 Annual Report Download - page 88

Download and view the complete annual report

Please find page 88 of the 2016 Epson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 133

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133

87
17. Investment Property
(1) Schedule of Investment Property
The schedule of the carrying amount of “Investment property” was as follows:
(2) Fair Value
The carrying amount and the fair value of “Investment property” were as follows:
Millions of yen
Thousands of
U.S. dollars
March 31, 2015 March 31, 2016 March 31, 2016
Carrying
Amount Fair Value Carrying
Amount Fair Value Carrying
Amount Fair Value
Investment property 4,758 4,380 1,967 1,468 17,456 13,028
The fair value of investment property is determined on the basis of a valuation conducted by an external real estate
appraiser. The valuation is made in accordance with the income approach using Level 3 inputs which include the
future cash flow.
Millions of yen
Thousands of
U.S. dollars
Year ended
March 31,
Year ended
March 31,
2015 2016 2016
Balance at the beginning of the year 10,273 4,758 42,225
Expenditure after acquisition 459 - -
Transfer from(to) property, plant and equipment 3,286 45 409
Depreciation expense (170) (90) (798)
Impairment losses and reversal of impairment losses (126) 3,637 32,277
Sale or disposal (8,972) (6,335) (56,249)
Exchange differences on translation of foreign operations 6 (46) (408)
Balance at the end of the year 4,758 1,967 17,456
Breakdown of “Balance at the beginning of the year”
Cost 11,491 11,595 102,901
Accumulated depreciation and accumulated impairment
losses (1,217) (6,837) (60,676)
Total 10,273 4,758 42,225
Breakdown of “Balance at the end of the year”
Cost 11,595 4,173 37,024
Accumulated depreciation and accumulated impairment
losses (6,837) (2,205) (19,568)
Total 4,758 1,967 17,456