Nikon 2006 Annual Report Download - page 39

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37
Proceeds from sales of available-for-sale securities for the fiscal years ended March 31, 2006 and 2005 were ¥5,147 million ($43,812 thousand)
and ¥2,356 million, respectively. Gross realized gains on these sales for the fiscal years ended March 31, 2006 and 2005 were ¥1,896 million
($16,139 thousand) and ¥438 million, respectively. There was no realized loss on this sale for the fiscal year ended March 31, 2006, while it
was ¥11 million for the fiscal year ended March 31, 2005.
4. INVENTORIES
Inventories at March 31, 2006 and 2005 consisted of the following:
Finished and semi-finished products
Work in process
Raw materials and supplies
Total
Thousands of
U.S. Dollars
2006
$ 855,528
968,476
209,249
$2,033,253
2005
¥114,725
111,042
19,856
¥245,623
2006
¥ 100,499
113,767
24,580
¥ 238,846
Millions of Yen
6. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2006 and 2005 consisted of the following:
Short-term loans, principally from banks:
2006: 0.3923%-8.60000%
2005: 0.3694%-4.0000%
Total
Thousands of
U.S. Dollars
2006
$ 107,534
$ 107,534
2005
¥ 38,115
¥ 38,115
2006
¥ 12,632
¥ 12,632
Millions of Yen
5. LONG-LIVED ASSETS
The Group reviewed its long-lived assets for impairment as of the period ended March 31, 2006 and, as a result, recognized an impairment
loss of ¥245 million ($2,090 thousand) as other expenses for the idle buildings and machines of the plants in Shinagawa Tokyo and Ohtawara
Tochigi due to no possibility of using them and the carrying amount of the relevant machinery was written down to the recoverable amount.
The recoverable amount of the assets was measured at net selling price. Those assets which have no possibility of using or difficult to sell is
measured at memorandum price.
Carrying amounts of available-for-sale securities whose fair value is not readily determinable as of March 31, 2006 and 2005 were as follows:
Available-for-sale:
Equity securities
Other securities
Total
Thousands of
U.S. Dollars
2006
$ 4,550
14
$ 4,564
2005
¥ 2,394
2
¥ 2,396
2006
¥ 533
2
¥ 535
Millions of Yen
Long-term debt at March 31, 2006 and 2005 consisted of the following:
Loans, principally from banks and insurance companies:
2006: 0.33188%-5.510% due 2007-2013
2005: 0.50%-5.510% due 2006-2013
Bonds
Total
Less: Current portion
Long-term debt, less current portion
Thousands of
U.S. Dollars
2006
$ 176,210
1,238,614
1,414,824
(660,218)
$ 754,606
2005
¥ 11,723
145,500
157,223
(7,090)
¥150,133
2006
¥ 20,699
145,500
166,199
(77,556)
¥ 88,643
Millions of Yen
The following was a summary of the terms of bonds which the Company may at any time purchase at any price in the open market or
otherwise. The bonds purchased or otherwise acquired by the Company may be held or resold or, at the discretion of the Company, may be
canceled (together with any unmatured coupons attached thereto or purchased therewith).