Konica Minolta 2008 Annual Report Download - page 51

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12. Discontinued Operations
The amounts included in the statements of income for discon-
tinued operations for the years ended March 31, 2008 and 2007
represent:
Amount
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2008 2007 2008
Reversal of excess reserve made
for discontinued operations
in the previous fiscal year ¥ 8,425 ¥17,567 $ 84,090
Loss on discontinued operations
in the fiscal year under review (7,834) (18,502) (78,191)
¥ 590 ¥ (935) $ 5,889
13. Patent-Related Income
Regarding patent-related income, amounts for patents related to
the Photo Imaging business are aggregate figures that include
both patent royalties and gains on patent transfers.
14. Extraordinary Losses of Overseas Subsidiaries
Extraordinary losses of overseas subsidiaries include ¥581 million
($5,799 thousand) of additional allowance for doubtful accounts
and correction of deferred income in a British subsidiary; ¥838
million ($8,364 thousand) of correction of inventory amounts in
a British subsidiary; and ¥312 million ($3,114 thousand) of
correction of deferred income in the Danish subsidiary.
15. Actuarial Gains and Losses of Overseas Subsidiaries
Defined Benefit Retirement Plans
The actuarial gains and losses of overseas subsidiaries defined
benefit retirement plans included in retained earnings in the
consolidated statements of changes in net assets results from
the accounting treatment of retirement benefits that affected
certain consolidated subsidiaries in the United Kingdom and the
United States.
16. Lease Transactions
Proforma information on the Company and its domestic consoli-
dated subsidiaries’ finance lease transactions (except for those
which are deemed to transfer the ownership of the leased assets
to the lessee) and operating lease transactions is as follows:
As Lessee
1) Finance Leases Thousands of
Millions of yen U.S. dollars
March 31 March 31
2008 2007 2008
Purchase cost:
Buildings and structures ¥ 8,426 ¥ 8,841 $ 84,100
Machinery and equipment 2,466 2,435 24,613
Tools and furniture 6,074 11,348 60,625
Rental business-use assets 2,750 4,173 27,448
Intangible fixed assets 153 358 1,527
19,871 27,158 198,333
Less: Accumulated
depreciation (12,369) (16,037) (123,455)
Loss on impairment of
leased assets (21) (15) (210)
Net book value ¥ 7,480 ¥ 11,106 $ 74,658
The scheduled maturities of future lease rental payments on
such lease contracts at March 31, 2008 and 2007 are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2008 2007 2008
Due within one year ¥3,037 ¥ 2,913 $30,312
Due over one year 4,464 8,236 44,555
Total ¥7,502 ¥11,150 $74,878
Lease rental expenses and depreciation equivalents under the
finance leases which are accounted for in the same manner as
operating leases for the years ended March 31, 2008 and 2007
are as follows:
Lease rental expenses
for the period ¥3,395 ¥ 4,168 $33,886
Depreciation equivalents ¥3,378 ¥ 1,081 $33,716
Depreciation equivalents are calculated based on the straight-
line method over the lease terms of the leased assets.
Accumulated loss on impairment of leased assets as of March
31, 2008 and 2007 are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2008 2007 2008
Reserve for loss ¥21 ¥15 $210
Loss on impairment and reversals of loss on impairment of leased
assets for the years ended March 31, 2008 and 2007 are as
follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2008 2007 2008
Loss on impairment ¥23 —$230
Reversals of loss ¥16 ¥3,087 $160
2) Operating Leases
The scheduled maturities of future operating lease rental pay-
ments as of March 31, 2008 and 2007 are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2008 2007 2008
Due within one year ¥ 5,468 ¥ 5,052 $ 54,576
Due over one year 14,016 14,676 139,894
Total ¥19,485 ¥19,728 $194,480