Konica Minolta 2015 Annual Report Download - page 114

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(Note 1) The provision for product warranties is the amount set by the Group to guarantee the reliability and functionality of its products. This provision
is calculated based on the historical customer claim. Future occurrence of such claims may differ from past experience. However, the
company is of the opinion that the provision amounts will not be significantly different should the assumptions and estimates change.
(Note 2) The provision for restructuring is an expense recognized for rationalization or business restructuring to improve the profitability of the Group’s
businesses. Payment periods are affected by future business plans and other factors.
(Note 3) Asset retirement obligations are provided for the Group’s obligation to restore leased offices, buildings and other facilities to their original
condition. Recognized amounts are future payment estimated based on past experience with restoring properties to their original condition. In
principle, these obligations are paid more than one year after incurred. However, they may be affected by future business plans and other
factors.
(Note 4) Others include a provision for loss on litigation.
Millions of yen
Provision for product
warranties (Note 1)
Provision for
restructuring (Note 2)
Asset retirement
obligations (Note 3)
Other provisions
(Note 4) Total
Balance at March 31,2014 ··································· ¥1,441 ¥3,092 ¥1,268 ¥2,146 ¥7,948
Provisions made ······································································ 1,092 798 111 1,749 3,751
Provisions utilized ·································································· (534) (2,692) (81) (817) (4,125)
Provisions reversed ···························································· (245) (78) (158) (399) (882)
Effects of changes in foreign
exchange rates ·········································································· 16 (24) 1 (8) (14)
Balance at March 31,2015 ···························· 1,770 1,095 1,141 2,671 6,678
Current ····································································································· 1,770 1,095 164 2,512 5,542
Non-current ····················································································· ¥ - ¥ - ¥ 976 ¥ 159 ¥1,135
Thousands of U.S. dollars
Provision for product
warranties (Note 1)
Provision for
restructuring (Note 2)
Asset retirement
obligations (Note 3)
Other provisions
(Note 4) Total
Balance at March 31,2014 ··································· $11,991 $25,730 $10,552 $17,858 $66,140
Provisions made ······································································ 9,087 6,641 924 14,554 31,214
Provisions utilized ·································································· (4,444) (22,402) (674) (6,799) (34,326)
Provisions reversed ···························································· (2,039) (649) (1,315) (3,320) (7,340)
Effects of changes in foreign
exchange rates ·········································································· 133 (200) 8 (67) (117)
Balance at March 31,2015 ···························· 14,729 9,112 9,495 22,227 55,571
Current ····································································································· 14,729 9,112 1,365 20,904 46,118
Non-current ····················································································· $ - $ - $ 8,122 $ 1,323 $ 9,445
Millions of yen
Thousands of
U.S. dollars
2015 2014 2013 2015
Derivative financial liabilities ······················································································· ¥1,559 ¥758 ¥1,342 $12,973
Contingent consideration ······························································································ - 494 1,230 -
Total ···································································································································································· 1,559 1,252 2,573 12,973
Current ························································································································································· 1,020 1,026 2,342 8,488
Non-current ··········································································································································· ¥ 539 ¥ 226 ¥ 230 $ 4,485
The components of other financial liabilities as of March 31, 2015, 2014, and the Transition Date are as follows:
20. Other financial liabilities
Summary of provisions and the changes are as follows:
19. Provisions
113
KONICA MINOLTA, INC. Annual Report 2015
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