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Notes to the Consolidated Financial Statements
Konica Minolta, Inc. and Subsidiaries
For the fiscal years ended March 31, 2014 and 2013
(1) Statement of compliance
As the Company satisfies all conditions stipulated for a “specified company” as provided in Article 1-2 of the “Ordinance on
Terminology, Forms, and Preparation Methods of Consolidated Financial Statements”, the Company has prepared its consolidated
financial statements in accordance with International Financial Reporting Standards (“IFRS”) as provided in Article 93 of the same
ordinance.
The Group first applied IFRS in the fiscal year ended March 31, 2015, and the date of transitioning to IFRS (the “Transition
Date”) is April 1, 2013. With regard to the Transition Date and the comparative fiscal year, the impact of transitioning to IFRS on the
financial condition, business performance and cash flows of the Group is described in note 38 “First-time adoption.”
Except for IFRS that are not early adopted and exemptions permitted in the IFRS 1 “First-time Adoption of International
Financial Reporting Standards”, the Group’s accounting policies are in accordance with IFRS as of March 31, 2015.
(2) Basis of measurement
The consolidated financial statements of the Group are prepared on the basis of historical cost, except for financial instruments
measured at fair value, post-retirement benefit plan liabilities and post-retirement benefit plan assets, etc as described in note 3
“Significant accounting policies”.
(3) Functional and presentation currency
The consolidated financial statements of the Group are presented in Japanese yen, which is the functional currency of the Company.
All financial information presented in Japanese yen has been rounded down to the million.
Financial information in United States (U.S.) dollars is included solely for the convenience of the reader, and are translated from
the corresponding Japanese yen amounts using the exchange rate on March 31, 2015, which is ¥120.17 to U.S. $1.00. The
translations should not be construed as representations that the Japanese yen amounts have been, could have been, or could in
the future be, converted into U.S. dollars at this or any other exchange rate.
(4) Standards and interpretations early adopted
The Group has early adopted of the following standards and interpretations from the Transition Date:
IFRS 9 “Financial Instruments” (announced November 2009, revised October 2010)
(5) Standards and interpretations announced but not adopted
Standards and interpretations that had been announced as of the approval date of the consolidated financial statements of the
Group are described below.
As of the fiscal year end, the Group had not adopted these standards and interpretations. None of these are expected to have
a significant effect on the consolidated financial statements of the Group for the fiscal year ending March 31, 2016. The Group is
considering the impact of these standards and interpretations on the consolidated financial statements in or after the fiscal year
ending March 31, 2017.
2. Basis of preparation
Konica Minolta, Inc. (the “Company”) is a company incorporated and located in Japan and listed on the First Section of the Tokyo
Stock Exchange. The consolidated financial statements of the Konica Minolta Group (the “Group”) as of and for the year ended
March 31, 2015 comprise the Company and its subsidiaries and the Group’s interest in associates. The principal businesses of the
Group are those related to Business Technologies, Healthcare and Industrial Business.
The management of the Company authorized the consolidated financial statements for the fiscal year ended March 31, 2015
for issue on August 11, 2015.
1. Reporting company
88
KONICA MINOLTA, INC. Annual Report 2015
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