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39
Financial Section n Isuzu Motors Limited Annual Report 2008
(2) Operating lease is as follows.
a) As a lessee
Future payment obligations of operating lease expenses as of March 31, 2008 and 2007 are as follows:
¥ 1,047
1,402
¥
920
1,189
$
9,187
11,874
b) As a lessor
Future receivable income of operating lease commitment as of March 31, 2008 and 2007 are as follows:
¥ 80
—
¥
—
—
$
—
—
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Portion due within one year
Thereafter
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Portion due within one year
Thereafter
As a general rule, assets were grouped into business assets, idle
assets and assets for rent. As for idle assets and assets for rent were
individually grouped by each item. There were no signs of necessity
of impairment for assets for rent. However, for idle assets that were
in need for impairment due to the fall in land prices and for business
assets that had been decided to be disposed, carrying amount was
reduced to the amount recoverable.
As for business assets that had been decided to be disposed, im-
pairment loss, if any, is recognized at the point of time when the deci-
sion is made on the disposal.
Thousands of
Type Millions of yen U.S. dollars
Buildings and structures ¥ 22 $ 228
Machinery and equipment 50 504
Other 13 134
The recoverable amount of an asset is estimated based on the net
amount that the asset could be sold (net selling amount) for land and
buildings, the net selling amount is estimated by appraisal amount
based on real estate appraisal standards.
Breakdown of the impairment loss by asset type is as follows:
11. Impairment loss on Fixed Assets
Impairment loss on fixed assets recognized in the consolidated financial statements for the fiscal year ended March 31, 2008 is as follows:
Thousands of
Location Usage Type Millions of yen U.S. dollars
Fujisawa-shi, Kanagawa prefecture Idle Assets Buildings, Machinery and other 65 657
Ohira-machi, Shimotsuga-gun,
Tochigi prefecture Idle Assets Machinery 0 3
Iida-shi, Nagano prefecture Idle Assets Buildings and other 20 206
Total ¥ 86 $ 867