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90 OLYMPUS Annual Report 2013 91OLYMPUS Annual Report 2013
For the year ended March 31, 2013
Use Type of assets Location Millions of yen
Thousands of
U. S. dollars
Assets used for Imaging Business
Land
Tokyo, Guangdong
Province in China
and others
¥ 200 $ 2,128
Buildings and structures 1,236 13,149
Tools, furniture and fi xtures 713 7,585
Machinery and equipment 573 6,096
Construction in process 66 702
Right of using facilities 47 500
Patent 102 1,085
Software, etc. 364 3,872
Long-term prepaid expenses 432 4,596
Assets used for Others business Land Massachusetts in
America and others 10 106
Buildings and structures 579 6,160
Tools, furniture and fi xtures 885
Machinery and equipment 328 3,489
Construction in process 332
Leased assets 24 255
Goodwill 16 170
Patent 19 202
Software, etc. 11 117
Technology-related assets 1,031 10,968
Marketing rights 348 3,702
Assets scheduled for disposal Software Tokyo 1,490 15,852
Total ¥7,600 $80,851
The Company and its consolidated subsidiaries mainly classify their assets for business use into groups based on business segment.
However, assets to be disposed of and idle assets are classifi ed as respective independent groups of assets.
Some assets for business use were not expected to make a profi t constantly because of deterioration in the business environment. As
a result, carrying amounts for assets for business use were written down to their recoverable amounts. The recoverable amount is measured
according to the value in use or net selling price based on real estate appraisal. When the value in use based on future cash fl ows is estimat-
ed to be negative, the assets are assumed to have no recoverable value.
With regard to assets scheduled for disposal, a decision has been made to dispose of an in-house system for supporting operational
effi ciency improvement. As a result, the book value of these assets is considered to be zero.
Carrying amounts of idle properties were written down to their recoverable amounts, owing to substantial decline in the fair market
values. The recoverable amounts were estimated by net realizable values of fi xed assets which were calculated based on net selling price.
20. Write-Off of Previously Recorded Goodwill
For the year ended March 31, 2012, the Company fully wrote off its goodwill related to subsidiaries because the value was deemed
impaired, in accordance with Paragraph 32 (1) of JICPA Accounting Committee Report No. 7 “Practical Guidance for Consolidated
Procedures Related to Equity Account in Consolidated Financial Statements.”
21. Loss on Funds
Upon restatement and consolidation of the Funds as discussed in Note 1 “Summary of signifi cant accounting policies” (a) “Basis of present-
ing consolidated fi nancial statements,” management fees incurred by the Funds of ¥327 million were recorded as other expenses for the
year ended March 31, 2011.
19. Impairment Loss on Fixed Assets
The losses on impairment of fi xed assets that the Company and its consolidated subsidiaries recorded for the years ended March 31, 2011,
2012 and 2013 were as follows:
For the year ended March 31, 2011
Use Type of assets Location Millions of yen
Assets used for Others business Construction in progress Nagano ¥482
Total ¥482
For the year ended March 31, 2012
Use Type of assets Location Millions of yen
Assets used for Imaging Business
Land
Tokyo, Guangdong
Province in China
and others
¥ 3,008
Buildings and structures 4,051
Tools, furniture and fi xtures 1,265
Machinery and equipment 1,404
Right of using facilities 122
Patent 284
Software, etc. 865
Long-term prepaid expenses 594
Assets used for Others business Land Nagano and others 345
Buildings and structures 222
Tools, furniture and fi xtures 325
Machinery and equipment 285
Leased assets 8
Software, etc. 50
Long-term prepaid expenses 1,977
Assets used for Life Science and Industrial Business Patent — 301
Assets used for Information and Communication Business Buildings and structures Tokyo 52
Tools, furniture and fi xtures 6
Software 12
Idle properties Buildings and structures Nagano, Singapore 358
Tools, furniture and fi xtures and others 1
Machinery and equipment 9
Leasehold right 5
Software, etc. 290
Total ¥15,839