Konica Minolta 2009 Annual Report Download - page 41

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19. Loss on Revision of Retirement Benefit Plan
The loss on revision of retirement benefit plan is the lump sum of
the past service obligation resulting from a change of employees’
retirement plan at a domestic subsidiary.
20. Changes in Accounting Policies Applied to Overseas
Subsidiaries
The Changes in accounting policies applied to overseas subsidiaries
reflects the application of the “Practical Solution for Unification of
Accounting Policies Applied to Foreign Subsidiaries for Consolidated
Financial Statements” (ASBJ PITF No. 18 issued by the ASBJ on
May 17, 2006) from the year ended March 31, 2009, as noted
earlier in “Summary of Significant Accounting Policies 2 (n)”.
21. Pension Liabilities Adjustment of Overseas Subsidiaries
The pension liabilities adjustment of overseas subsidiaries results
from accounting treatment of retirement benefits that affected
certain consolidated subsidiaries in the United States.
22. 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 (not involving transfer of ownership commencing on
or before March 31, 2008)
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2009 2008 2009
Purchase cost:
Buildings and structures ¥ 7,459 ¥ 8,426 $ 75,934
Machinery and equipment 2,268 2,466 23,089
Tools and furniture 4,622 6,074 47,053
Rental business-use assets 1,227 2,750 12,491
Intangible fixed assets 63 153 641
15,641 19,871 159,228
Less: Accumulated depreciation (11,853) (12,369) (120,666)
Loss on impairment of leased
assets (200) (21) (2,036)
Net book value ¥ 3,587 ¥ 7,480 $ 36,516
The scheduled maturities of future lease rental payments on
such lease contracts at March 31, 2009 and 2008 are as follows:
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2009 2008 2009
Due within one year ¥1,650 ¥3,037 $16,797
Due over one year 2,136 4,464 21,745
Total ¥3,787 ¥7,502 $38,552
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, 2009 and 2008 are
as follows:
Lease rental expenses for
the period ¥2,393 ¥3,395 $24,361
Depreciation equivalents ¥2,373 ¥3,378 $24,158
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, 2009 and 2008 are as follows:
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2009 2008 2009
Reserve for loss ¥200 ¥21 $2,036
Loss on impairment and reversals of loss on impairment of
leased assets for the years ended March 31, 2009 and 2008 are
as follows:
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2009 2008 2009
Loss on impairment ¥198 ¥23 $2,016
Reversals of loss ¥ 19 ¥16 $ 193
2) Operating Leases
The scheduled maturities of future rental payments of noncancel-
able lease in operating leases as of March 31, 2009 and 2008 are
as follows:
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2009 2008 2009
Due within one year ¥ 5,978 ¥ 5,468 $ 60,857
Due over one year 17,175 14,016 174,845
Total ¥23,153 ¥19,485 $235,702
As Lessor
1) Finance Leases
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2009 2008 2009
Leased rental business-use assets:
Purchase cost ¥ – ¥ 22,648 $ –
Less: Accumulated depreciation –(13,523) –
Net book value ¥ – ¥ 9,125 $ –
The scheduled maturities of future finance lease rental income
as of March 31, 2009 and 2008 are as follows:
Millions of yen
Thousands of
U.S. dollars
March 31 March 31
2009 2008 2009
Due within one year ¥ – ¥4,179 $ –
Due over one year –4,945 –
Total ¥ – ¥9,125 $ –
Lease rental income and depreciation under the finance leases
which are accounted for in the same manner as operating leases
for the years ended March 31, 2009 and 2008 are as follows:
Lease rental income for
the period ¥ – ¥4,267 $ –
Depreciation ¥ – ¥3,936 $ –
2) Operating Leases
The scheduled maturities of future rental incomes of noncancel-
able lease in operating leases as of March 31, 2009 and 2008 are
as follows: