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4) The redemption schedule for long-term debt is disclosed in Note 8 “Long-term debt.”
4. SECURITIES
The following tables summarize acquisition costs, book values and fair value of securities with fair value as of March 31, 2012 and 2011:
Available-for-sale securities
Securities with book value exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
2012 2011 2012
Acquisition
cost
Book
value Difference
Acquisition
cost
Book
value Difference
Acquisition
cost
Book
value Difference
Equity securities .............................. ¥ 22,991 ¥ 30,310 ¥ 7,319 ¥ 25,178 ¥ 37,201 ¥ 12,023 $ 287,388 $ 378,875 $ 91,487
Others ............................................ 230 584 354 910 1,339 429 2,875 7,300 4,425
Total ............................................... ¥ 23,221 ¥ 30,894 ¥ 7,673 ¥ 26,088 ¥ 38,540 ¥ 12,452 $ 290,263 $ 386,175 $ 95,912
Securities with book value not exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
2012 2011 2012
Acquisition
cost
Book
value Difference
Acquisition
cost
Book
value Difference
Acquisition
cost
Book
value Difference
Equity securities .............................. ¥ 18,543 ¥ 14,877 ¥ (3,666) ¥ 17,282 ¥ 13,339 ¥ (3,943) $ 231,788 $ 185,963 $ (45,825)
Others ............................................ —————————
Total ............................................... ¥ 18,543 ¥ 14,877 ¥ (3,666) ¥ 17,282 ¥ 13,339 ¥ (3,943) ¥ 231,788 ¥ 185,963 ¥ (45,825)
Note : In the years ended March 31, 2012, the Company recognized impairment loss of ¥708 million (US$ 8,850 thousand) 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 expected under the market conditions, trends of earnings and other key measures.
The following table summarizes sales of available-for-sale securities and the aggregate gain and loss for the years ended March 31, 2012 and 2011:
Millions of yen Thousands of U.S. dollars
2012 2011 2012
Sales
proceeds
Aggregate
gain
Aggregate
loss
Sales
proceeds
Aggregate
gain
Aggregate
loss
Sales
proceeds
Aggregate
gain
Aggregate
loss
Equity securities .............................. ¥ 3,098 ¥ 2,401 ¥ 16 ¥ 753 ¥ 123 ¥ 37 $ 38,725 $ 30,013 $ 200
Others ............................................ 239 10 2 1,055 30 —2,988 125 25
Total ............................................... ¥ 3,337 ¥ 2,411 ¥ 18 ¥ 1,808 ¥ 153 ¥ 37 $ 41,713 $ 30,138 $ 225
Investments in unconsolidated subsidiaries and affiliates was as follows:
Book value
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Investment securities .................................................................................................................................................. ¥ 2,797 ¥ 2,947 $ 34,963
Total ........................................................................................................................................................................... ¥ 2,797 ¥ 2,947 $ 34,963
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
OLYMPUS 󱚈 Annual Report 2012
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