Konica Minolta 2015 Annual Report Download - page 110

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(2) As lessor
1)Finance leases
The Group primarily leases business technologies equipments based on finance lease agreements.
Gross investment in leases under finance lease agreements and the present value of minimum lease payments receivables are
as follows:
Millions of yen
Thousands
of U.S.
dollars Millions of yen
Thousands
of U.S.
dollars
2015 2014 2013 2015 2015 2014 2013 2015
Less than 1 year ····················································· ¥ 9,382 ¥ 9,183 ¥ 7,405 $ 78,073 ¥ 8,514 ¥ 8,615 ¥ 6,953 $ 70,850
1-5 years ············································································· 15,415 13,085 9,446 128,277 14,395 12,480 9,014 119,789
More than 5 years ··············································· 103 127 41 857 100 115 39 832
Total ····························································································· 24,901 22,396 16,893 207,215 ¥23,010 ¥21,211 ¥16,007 $191,479
Less: Unearned finance income 1,891 1,185 886 15,736
Present value of minimum lease
payments receivable ······································· ¥23,010 ¥21,211 ¥16,007 $191,479
2) Operating leases
The Group principally leases business information equipments under non-cancellable operating lease agreements.
Future minimum lease receivables under non-cancellable operating leases are as follows:
Millions of yen Thousands of U.S. dollars
2015 2014 2015
Less than 1 year ··························································· ¥4,157 ¥2,076 $34,593
1-5 years ··················································································· 5,163 3,007 42,964
More than 5 years ····················································· 14 2 117
Total ··································································································· ¥9,334 ¥5,087 $77,673
(Note 1) No material unguaranteed residual values are set for the lease transactions stated above.
(Note 2) No material allowance for doubtful accounts is recorded for finance lease receivables.
Gross investment in the lease Present value of minimum lease receivable
109
KONICA MINOLTA, INC. Annual Report 2015
Foundation for GrowthBusiness StrategiesGrowth StrategyCompany Overview and Characteristics Financial Report