Konica Minolta 2014 Annual Report Download - page 74

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26. 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, 2014 and 2013 are as follows:
Millions of yen
Thousands of
U.S. dollars
2014 2013 2014
Book value
Balance at the beginning ...........
¥3,928 ¥4,486 $38,166
Increase (Decrease)-net ............
1,015 (558) 9,862
Balance at the end ....................
¥4,944 ¥3,928 $48,037
Fair value at the end .....................
¥6,234 ¥4,457 $60,571
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 a 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 the index refl ected fair value, prior period reports
may be used.
Fair value of other domestic properties has been calculated based on
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
2014 2013 2014
Income ..........................................
¥137 ¥161 $1,331
Expenses ......................................
79 89 768
Difference .....................................
58 72 564
Other losses on sales, etc. ...........
(103) (94) (1,001)
73
KONICA MINOLTA, INC. Annual Report 2014