Fujitsu 2000 Annual Report Download - page 38

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At March 31, 1999, equivalent amounts of acquisition costs, accumulated depreciation and book value of leased
assets of the Company and its consolidated subsidiaries in Japan were ¥138,150 million, ¥65,320 million and
¥72,830 million, respectively. Minimum lease payments required under finance leases of the Company and its
consolidated subsidiaries in Japan amounted to ¥23,558 million for within one year, ¥44,937 million for over one year
but within five years, and ¥4,335 million for over five years. Since Fujitsu Leasing Co., Ltd. was not a consolidated
subsidiary but an affiliate before the year ended March 31,1999, finance leases between the Group companies in
Japan and Fujitsu Leasing Co., Ltd. were not eliminated for the year ended March 31, 1999 or before. As stated in
Note 1 ’(p) Change in significant accounting policy’, these finance leases were treated in the same way as operating
leases before the year ended March 31, 1999.
At March 31, 1999, equivalent amounts of acquisition costs, accumulated depreciation and book value of leased
assets of the consolidated subsidiaries outside Japan were ¥102,956 million, ¥33,555 million and ¥69,401 million,
respectively. Minimum lease payments required under finance leases of the consolidated subsidiaries outside Japan
amounted to ¥16,654 million for within one year, ¥44,176 million for over one year but within five years, and
¥23,443 million for over five years.
The following is a summary of future minimum lease payments required under non-cancelable operating leases in
the aggregate and for each of the following periods. Yen U.S. Dollars
(millions) (thousands)
At March 31 1999 2000 2000
Future minimum lease payments required
Within one year ¥1,136 ¥1,253 $11,821
Over one year but within five years 184 782 7,377
Total ¥1,320 ¥2,035 $19,198
16. Supplementary Information to the Consolidated Balance Sheets
Balances with affiliates at March 31, 1999 and 2000 are presented as follows: Yen U.S. Dollars
(millions) (thousands)
1999 2000 2000
Receivables, trade ¥87,608 ¥65,399 $616,972
Payables, trade 40,178 55,680 525,283
17. Earnings Per Share
Basic earnings per share and diluted earnings per share are calculated as follows:
Yen (millions) (thousands) Yen U.S. Dollars
Net income
Weighted-
Earnings (loss)
(loss)
average number
per share
of shares
For the year ended March 31, 1998
Basic earnings per share ¥5,587 1,857,216 ¥3.0
Effect of dilutive securities:
Warrants —16,149
Diluted earnings per share ¥5,587 1,873,365 ¥ 3.0
For the year ended March 31, 1999
Basic losses per share ¥(13,638) 1,874,396 ¥(7.3)
For the year ended March 31, 2000
Basic earnings per share ¥42,734 1,933,665 ¥22.1 $0.208
Effect of dilutive securities:
Convertible bonds 1,257 109,681
Warrants —7,094
Diluted earnings per share ¥43,991 2,050,440 ¥21.5 $0.202
Note: Diluted earnings per share for the year ended March 31, 1999 are not presented as a net loss was recorded.
18. Supplementary Information to the Consolidated Statements of Operations
Research and development expenses charged to selling, general and administrative expenses for the years ended
March 31, 1998, 1999 and 2000 were ¥387,129million, ¥395,063 million and ¥401,057 million ($3,783,557
thousand), respectively.
Other income (expenses)—other, net for the years ended March 31, 1998, 1999 and 2000 consisted of the following:
Yen U.S. Dollars
(millions) (thousands)
Years ended March 31 1998 1999 2000 2000
Foreign exchange gains (losses), net ¥(9,445) ¥(16,787) ¥(25,679) $(242,255)
Amortization of unrecognized past service cost (pension expense) —(4,323) (21,718) (204,887)
Loss on disposal of property, plant and equipment (12,866) (15,610) (12,907) (121,764)
Expenses for issuance and offering of securities (1,818) (1,286) (542) (5,113)
Loss on devaluation of marketable securities (13,200) (5,575) ——
Reversal of loss on devaluation of marketable securities ——1,846 17,415
Gain on sales of marketable securities 14,593 19,279 20,351 191,990
Gain on sales of subsidiaries’ stock —41,002 20,448 192,906
Restructuring charges —(43,714) (37,961) (358,123)
Provision for loss on Pathway project —(38,111) ——
Other, net (5,871) 5,729 942 8,887
¥(28,607) ¥(59,396) ¥(55,220) $(520,944)