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Hitachi, Ltd. Annual Report 2006
50
The contractual maturities of debt securities and other securities classified as investments and advances in the consolidated
balance sheets as of March 31, 2006 are as follows:
Millions of yen Thousands of U.S. dollars
Held-to- Available- Held-to- Available-
maturity for-sale Total maturity for-sale Total
2006 2006
Due within five years . . . . . . . . . . . . . . . . . ¥1,118 ¥ 44,571 ¥ 45,689 $ 9,555 $380,949 $390,504
Due after five years . . . . . . . . . . . . . . . . . . 198 58,398 58,596 1,693 499,128 500,821
¥1,316 ¥102,969 ¥104,285 $11,248 $880,077 $891,325
Expected redemptions may differ from contractual maturities because some of these securities are redeemable at the
option of the issuers.
The aggregate carrying amounts of cost-method investments which were not evaluated for impairment as of March 31,
2006 and 2005 were ¥75,764 million ($647,556 thousand) and ¥75,838 million, respectively, mainly because the Company
did not identify any events or changes in circumstances that might have had a significant adverse effect on their fair value.
The aggregate fair values of investments in affiliated companies, for which a quoted market price was available, as of
March 31, 2006 and 2005 were ¥184,504 million ($1,576,957 thousand) and ¥206,942 million, respectively. The aggregate
carrying amounts of such investments as of March 31, 2006 and 2005 were ¥91,191 million ($779,410 thousand) and
¥130,850 million, respectively.
As of March 31, 2006 and 2005, cumulative recognition of other-than-temporary declines in values of investments in
certain affiliated companies resulted in the difference of ¥13,576 million ($116,034 thousand) and ¥14,673 million,
respectively, between the carrying amount of the investment and the amount of underlying equity in net assets. In addition,
as of March 31, 2006 and 2005, equity-method goodwill included in investments in certain affiliated companies were
¥11,848 million ($101,265 thousand) and ¥8,669 million, respectively.
Summarized combined financial information relating to affiliated companies accounted for by the equity method is as follows:
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
Current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,293,236 ¥1,516,004 $11,053,299
Non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 965,574 1,096,151 8,252,769
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,106,243 1,094,051 9,455,068
Non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 319,149 540,773 2,727,769
Thousands of
Millions of yen U.S. dollars
2006 2005 2004 2006
Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥2,302,913 ¥2,588,526 ¥2,457,443 $19,683,017
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 370,979 432,615 374,535 3,170,761
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,177 1,850 14,581 189,547