Konica Minolta 2012 Annual Report Download - page 42

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25. INVESTMENT AND RENTAL PROPERTY
(1) Conditions and Fair Values of Investment and Rental Property
The Companies have offi ce buildings for rent and idle assets, etc., in
Japan and overseas.
The book value on the consolidated balance sheet, the changes
and the fair value as of March 31, 2012 and 2011 are as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Book value
Balance at the beginning
....
¥3,560 ¥3,855 $43,314
Increase (Decrease)–net .....
926 (295) 11, 267
Balance at the end .............
¥4,486 ¥3,560 $54,581
Fair value at the end ..............
¥5,042 ¥4,194 $61,346
Notes: 1. Book value is calculated by subtracting accumulated depreciation
and accumulated impairment losses from acquisition cost.
2. Fair value is recorded as follows:
(1) Fair value of major domestic properties has been calculated by the
Companies based on the method similar to the Real-estate
Appraisal Standards.
Latest appraisal reports are utilized, or in the case where there
are no signifi cant changes in fair value, prior period reports may
be used.
Fair value of other domestic properties has been calculated
based on a certain appraisal or criteria, which appears to best
refl ect the fair value of the property.
(2) Fair value of overseas properties has been primarily calculated by
local real-estate appraisers.
(2) Income and Expenses on Investment and Rental Property
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Income .............................. ¥ 184 ¥196 $ 2,239
Expenses ........................... 92 185 1,119
Difference .......................... 92 10 1,119
Other income (expenses)
Gains (losses) on sales, etc .. (164) 243 (1,995)
26. SEGMENT INFORMATION
Information and Measurement of Segments
(1) Overview of reportable segments
The Company’s reportable segments are components of the Company
in which separate fi nancial information is available and which is
evaluated regularly by management in deciding how to allocate
resources and assess performance.
The Company has business companies for different products and
services within Japan. Each business company creates a comprehensive
domestic and overseas strategy for their products and services, and
conducts their business activities accordingly.
As such, the Company is comprised of three segments for different
products and services with a business company at the center of each.
The three reportable segments are: Business Technologies, Optics and
Healthcare.
The Business Technologies Business manufactures and sells MFPs,
printers, production printing equipment and related solution services.
The Optics Business manufactures and sells optical products (ex.
pickup lenses) and electronic materials (ex. TAC fi lms). The Healthcare
Business manufactures and sells consumables and equipment for
healthcare systems.
From the third quarter ended March 31, 2011, the Group
restructured its operations to further strengthen the competitiveness
and operations of the production print fi eld by integrating the
businesses associated with commercial printing and digital printing into
the Business Technologies Business. As a result, it has changed the
method by which it categorizes its reportable segments, and has
integrated the Graphic Imaging Business, within the Medical & Graphic
Imaging Business, into the Business Technologies Business.
As a result, the main products and the types of services of the
Medical & Graphic Imaging Business, described in the above
restructuring, have been changed from the production and sale of
medical, printing, and other related products to the production and sale
of consumables and equipment for healthcare systems.
Accordingly, the title of the reportable segment has changed from
the Medical & Graphic Imaging Business to the Healthcare Business.
(2) Methods of calculating net sales, profi t or loss, assets,
liabilities and other items by reportable segments
Accounting methods for reportable segments are the same as the
accounting methods described in ‘Note 2. SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES.’
Profi t by reportable segment is operating income. Intersegment net
sales are based on market values.