Konica Minolta 2007 Annual Report Download - page 51

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Standards Board of Japan, on December 9, 2005), and the imple-
mentation guidance for the accounting standard for presentation
of net assets in the balance sheet (The Financial Accounting
Standard Implementation Guidance No.8 issued by the
Accounting Standards Board of Japan, on December 9, 2005).
The consolidated balance sheet as of March 31, 2007 prepared
in accordance with the new accounting standards comprises three
sections, which are the assets, liabilities and net assets sections.
The consolidated balance sheet as of March 31, 2006 prepared
pursuant to the previous presentation rules comprised the assets,
liabilities, minority interests and shareholders’ equity sections.
The adoption of the new accounting standards had no impact
on the consolidated statement of income for the year ended March
31, 2007. If the new accounting standards had not been adopted
at March 31, 2007, shareholders’ equity amounting to ¥367,558
million ($3,113,579 thousand) would have been presented.
(s) Accounting standard for Statement of Changes in Net
Assets
Effective from the year ended March 31, 2007, the Company and
its domestic subsidiaries adopted the new accounting standard,
“Accounting Standard for Statement of Changes in Net Assets”
(Statement No.6 issued by the Accounting Standards Board of
Japan, on December 27, 2005), and the implementation guidance
for the accounting standard for statement of changes in net
assets” (The Financial Accounting Standard Implementation
Guidance No.9 issued by the Accounting Standards Board of
Japan, on December 27, 2005).
The Company prepared the accompanying consolidated state-
ment of changes in net assets for the year ended March 31, 2007
in accordance with the new accounting standards. The accom-
panying consolidated statement of shareholders’ equity for the
year ended March 31, 2006, which was voluntarily prepared for
inclusion in the consolidated financial statements, has not been
adapted to the new net asset presentation rules.
3. U.S. Dollar Amounts
The translation of Japanese yen amounts into U.S. dollars is includ-
ed solely for the convenience of the reader, using the prevailing
exchange rate at March 31, 2007, which was ¥118.05 to
U.S.$1.00. The translations should not be construed as representa-
tions that the Japanese yen amounts have been, could have been,
or could in the future be, converted into U.S. dollars at this or any
other exchange rate.
4. Cash and Cash Equivalents
Cash and cash equivalents as of March 31, 2007 and 2006,
consist of:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2007 2006 2007
Cash on hand and
in banks ¥85,677 ¥80,878 $725,769
Short-term investments 909 —7,700
Cash and cash equivalents ¥86,587 ¥80,878 $733,477
5. Securities
As of March 31, 2007
(1) Other Securities with Quoted Market Values
Millions of yen
Market value
at the
Original consolidated Unrealized
purchase balance gains
value sheet date (losses)
Securities for which the amounts in the consolidated balance
sheets exceed the original purchase value
(1) Shares ¥11,638 ¥24,836 ¥13,198
(2) Bonds 24 24 —
(3) Other 214 214 —
Subtotal ¥11,877 ¥25,075 ¥13,198
Securities for which the amounts in the consolidated balance
sheets do not exceed the original purchase value
(1) Shares ¥ 5,697 ¥ 5,057 ¥ (640)
(2) Bonds ———
(3) Other ———
Subtotal ¥ 5,697 ¥ 5,057 ¥ (640)
Total ¥17,575 ¥30,132 ¥12,557
Thousands of U.S. dollars
Total $148,878 $255,248 $106,370
(2) Other Securities Sold during the year ended March 31,
2007
Millions of yen
Sale value Total profit Total loss
Other securities ¥5,629 ¥2,788 ¥44
Thousands of U.S. dollars
Other securities $47,683 $23,617 $373
(3) Composition and Amounts on the Consolidated Balance
Sheets of Other Securities without Market Values
Thousands of
Millions of yen U.S. dollars
Unlisted stocks ¥378 $3,202
Foreign investment fund ¥909 $7,700
As of March 31, 2006
(1) Other Securities with Quoted Market Values
Millions of yen
Market value
at the
Original consolidated Unrealized
purchase balance gains
value sheet date (losses)
Securities for which the amounts in the consolidated balance
sheets exceed the original purchase value
(1) Shares ¥13,688 ¥30,417 ¥16,728
(2) Bonds — — —
(3) Other 120 129 8
Subtotal ¥13,808 ¥30,546 ¥16,737
Securities for which the amounts in the consolidated balance
sheets do not exceed the original purchase value
(1) Shares ¥ 2,881 ¥ 2,694 ¥ (187)
(2) Bonds — — —
(3) Other 16 12 (3)
Subtotal ¥ 2,897 ¥ 2,706 ¥ (191)
Total ¥16,706 ¥33,252 ¥16,546