Olympus 2010 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2010 Olympus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

46 OLYMPUS 2010
Note: In the year ended March 31, 2009 the Company recognized impairment loss of ¥13,101 million on available-for-sale securities with fair value. The Company
recognizes impairment loss when the fair market value of marketable and investment securities comes down to less than 50% of the acquisition cost at the end of
the period. In addition, the loss is also recognized when the fair market value declines more than 30% but less than 50%, unless the recovery of the fair market value
is reasonably expected under the market conditions, trends of earnings and other key measures.
The following table summarizes book values of securities not stated at fair value as of March 31, 2009:
Available-for-sale securities
Book value
Millions of yen
Non-listed equity securities ........................................................................................................................................... ¥ 10,839
Non-listed foreign bonds ................................................................................................................................................ 393
Others ............................................................................................................................................................................ 1,732
Total ............................................................................................................................................................................... ¥ 12,964
Maturities of available-for-sale securities were as follows:
Millions of yen
Within a year
Over a year
but within
five years
Over five years
but within
ten years Total
Corporate bonds .......................................................................................... ¥ 199 ¥ 413 ¥ — ¥ 612
Others ......................................................................................................... — 1,098 614 1,712
Total ............................................................................................................ ¥ 199 ¥ 1,511 ¥ 614 ¥ 2,324
Investment in unconsolidated subsidiaries and affiliates was as follows:
Book value
Millions of yen
Investment securities ..................................................................................................................................................... ¥9,038
Total ............................................................................................................................................................................... ¥9,038
Note: Figures for 2009 include the cost of investment in jointly-controlled companies, amounting to ¥150 million.
6. BUSINESS INCUBATION SECURITIES AND BUSINESS INCUBATION SECURITIES IN AFFILIATES
Business incubation securities and business incubation securities in affiliates that were held by subsidiaries of the Company were included
in investment securities on the consolidated balance sheets as of March 31, 2009. Business incubation securities amounted to ¥1,518
million. Business incubation securities in affiliates amounted to ¥1,957 million.
7. NOTES AND ACCOUNTS RECEIVABLE
Notes and accounts receivable as of March 31, 2010 and 2009 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
Unconsolidated subsidiaries and affiliates ................................................................... ¥ 3,528 ¥ 1,841 $ 39,200
Trade ............................................................................................................................ 150,711 158,417 1,674,567
Total ............................................................................................................................. ¥ 154,239 ¥ 160,258 $ 1,713,767
8. INVENTORIES
Inventories as of March 31, 2010 and 2009 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
Finished goods ............................................................................................................. ¥ 57,042 ¥ 58,683 $ 633,800
Work in process and raw materials ............................................................................... 33,648 37,807 373,867
Total ............................................................................................................................. ¥ 90,690 ¥ 96,490 $ 1,007,667