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14. Leases
The following is a summary of acquisition cost, accumulated depreciation, book value of leased assets, and mini-
mum lease payments required under finance leases, which were recorded in the corresponding asset accounts, at
March 31, 2007 and 2008.
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2007 2008 2008
Acquisition cost ¥251,189 ¥184,534 $1,845,340
Accumulated depreciation 140,434 95,748 957,480
Book value 110,755 88,786 887,860
Minimum lease payments required
Within one year 39,112 40,464 404,640
Over one year but within five years 84,596 62,846 628,460
Over five years 9,824 13,183 131,830
Total ¥133,532 ¥116,493 $1,164,930
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
(millions)
U.S. Dollars
(thousands)
At March 31 2007 2008 2008
Within one year ¥10,407 ¥17,583 $175,830
Over one year but within five years 23,525 42,122 421,220
Over five years 10,147 37,189 371,890
Total ¥44,079 ¥96,894 $968,940
With regard to property lease transactions in the UK, the Company had been disclosing the consolidated future
lease payments for certain periods under the consideration of UK business practices. In line with recent changes in
disclosure practices in the UK, at March 31, 2008, the Company disclosed the consolidated future lease payments.
The amounts at March 31, 2007 have not been restated.
Due to this change, the consolidated future minimum lease payments (required under non-cancellable operat-
ing leases) increased by ¥55,367 million ($553,670 thousand) in comparison with the conventional disclosure
method used in prior years. If the figures at March 31, 2007 were calculated on the basis of the same standard
applied for the figures at March 31, 2008, total future minimum lease payments at March 31, 2007 would have been
¥104,015 million ($1,040,150 thousand).
112
ANNUAL REPORT 2008FUJITSU LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS