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Cash flows from investing activities:
Proceeds from transfer of business
Proceeds from sales of property, plant and equipment in conjunction with transfer of the Iwate Plant and LSI assembly and testing facilities.
10. Leases
The following is a summary of assets and liabilities related to finance lease transactions at March 31, 2012 and 2013, which includes
acquisition cost, accumulated depreciation and book value of leased assets, future minimum lease payments required under finance
leases, and the present value of lease obligations.
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2012 2013 2013
Acquisition cost ¥74,189 ¥68,449 $728,181
Accumulated depreciation 39,452 36,624 389,617
Book value 34,737 31,825 338,564
Future minimum lease payments
Within one year 16,744 15,225 161,968
Over one year but within five years 25,372 24,529 260,947
Over five years 7,114 6,701 71,287
Total future minimum lease payments ¥49,230 ¥46,455 $494,202
Less: Interest (5,701) (5,306) (56,447)
Present value of lease obligations ¥43,529 ¥41,149 $437,755
Lease obligations (current) 15,794 14,385 153,032
Lease obligations (long-term) 27,735 26,764 284,723
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 2012 2013 2013
Within one year ¥18,611 ¥19,951 $212,245
Over one year but within five years 39,642 42,012 446,936
Over five years 21,423 22,836 242,936
Total ¥79,676 ¥84,799 $902,117
11. Financial Instruments
1. Status of Financial Instruments
(1) Policies for Financial Instruments
The Group carries out its financial activities in accordance with the “Fujitsu Group Treasury Policy,” and primarily obtains funds through
bank borrowing and the issuance of corporate bonds based on funding requirements of its business activities. After the adequate liquid-
ity for its business activities has been ensured, the Group invests temporary excess funds in financial assets with low risk. The Group
utilizes derivative transactions only for hedging purposes and not for speculative or dealing purposes.
(2) Description and Risks of Financial Instruments
Trade receivables are exposed to customer credit risk. Additionally, some trade receivables are denominated in foreign currencies in
conjunction with the export of products and exposed to exchange rate fluctuation risk. Investment securities are comprised primarily of
certificates of deposit and available for sale securities issued by the customers. The certificates of deposit are held for fund management
and the shares are held for maintaining and strengthening business relationships with customers. Shares are exposed to market price
fluctuation risk and financial risk of the company invested. The Group also provides loans to customers.
125
FUJITSU LIMITED ANNUAL REPORT 2013
FACTS & FIGURES