Olympus 2013 Annual Report Download - page 49

94 OLYMPUS Annual Report 2013 95OLYMPUS Annual Report 2013
Finance Lease Transactions (Lessor):
Leased investment assets recognized in the consolidated balance sheets as of March 31, 2012 and 2013 were as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2013 2013
Lease receivables and leased investment assets:
Lease receivables ................................................................................................................................. ¥17,243 ¥21,161 $225,117
Estimated residual value ....................................................................................................................... 3,545 2,146 22,830
Interest income ..................................................................................................................................... (1,900) (2,405) (25,585)
Leased investment assets .................................................................................................................... ¥18,888 ¥20,902 $222,362
Millions of yen
Thousands of
U.S. dollars
2012 2013 2013
Other assets:
Lease receivables ................................................................................................................................. ¥16,348 ¥26,256 $279,319
Estimated residual value ....................................................................................................................... 1,659 2,074 22,064
Interest income ..................................................................................................................................... (1,804) (3,831) (40,755)
Leased investment assets .................................................................................................................... ¥16,203 ¥24,499 $260,628
The following table sets forth amounts of lease receivables and leased investment assets to be collected subsequent to March 31, 2012
and 2013:
As of March 31, 2012 Millions of yen
Due within
one year
Due after one
year through
two years
Due after two
years through
three years
Due after three
years through
four years
Due after four
years through
fi ve years
Due after
fi ve years
Lease receivables and
leased investment assets:
Lease receivables .................................... ¥ — ¥ — ¥ — ¥ — ¥ — ¥ —
Lease receivable components
of leased investment assets .................. 17,030 81 65 48 19 —
Other assets:
Lease receivables ................................... — — — — — —
Lease receivable components
of leased investment assets .................. — 9,625 4,972 1,157 303 291
As of March 31, 2013 Millions of yen
Due within
one year
Due after one
year through
two years
Due after two
years through
three years
Due after three
years through
four years
Due after four
years through
fi ve years
Due after
fi ve years
Lease receivables and
leased investment assets:
Lease receivables ................................... ¥ 875 ¥ — ¥ — ¥ — ¥ — ¥ —
Lease receivable components
of leased investment assets .................. 21,161 — — — — —
Other assets:
Lease receivables ................................... — 978 171 104 42 23
Lease receivable components
of leased investment assets .................. — 11,244 7,847 4,102 1,977 1,086
As of March 31, 2013 Thousands of U.S. dollars
Due within
one year
Due after one
year through
two years
Due after two
years through
three years
Due after three
years through
four years
Due after four
years through
fi ve years
Due after
fi ve years
Lease receivables and
leased investment assets:
Lease receivables ................................... $ 9,308 $ — $ — $ — $ — $ —
Lease receivable components
of leased investment assets .................. 225,117 — — — — —
Other assets:
Lease receivables ................................... — 10,404 1,819 1,106 447 245
Lease receivable components
of leased investment assets .................. — 119,617 83,479 43,638 21,032 11,553
32. Lease Transactions
Finance Lease Transactions (Lessee):
The Company and its consolidated subsidiaries lease certain machinery and equipment under non-cancelable fi nance and operating leases.
Finance leases that do not transfer ownership to lessees whose contract commenced on or before March 31, 2008 are not capitalized and
are accounted for in the same manner as operating leases. Certain information for such non-capitalized fi nance leases was as follows:
As of March 31: Millions of yen
Thousands of
U.S. dollars
2012 2013 2013
(Equivalent amount)
Acquisition cost .................................................................................................................................... ¥ 1,257 ¥ 428 $ 4,553
Accumulated depreciation .................................................................................................................... (1,061) (362) (3,851)
Accumulated loss on impairment .......................................................................................................... (1) — —
Net book value ..................................................................................................................................... ¥ 195 ¥ 66 $ 702
As of March 31: Millions of yen
Thousands of
U.S. dollars
2012 2013 2013
(Future lease payments)
Due within one year .............................................................................................................................. ¥141 ¥57 $606
Due after one year ................................................................................................................................ 74 17 181
Total .............................................................................................................................................. ¥215 ¥74 $787
Balance of impairment loss account on leased assets
included in the outstanding future lease payments ............................................................................... ¥ 1 ¥ — $ —
For the years ended March 31: Millions of yen
Thousands of
U.S. dollars
2011 2012 2013 2013
(Lease payments and pro forma information)
Lease payments ...................................................................................................... ¥1,150 ¥456 ¥136 $1,447
Equivalent of depreciation expense .......................................................................... 1,060 413 121 1,287
Equivalent of interest expense ................................................................................. 46 16 664
Equivalent of depreciation expense is computed using the straight-line method over the lease terms assuming no residual value. Equivalent
of interest expense is computed using the interest rate method over the lease terms for the difference between acquisition cost and total
lease payments.
Operating Lease Transactions (Lessee):
Future minimum lease payments under the non-cancelable operating leases subsequent to March 31, 2012 and 2013 were as follows:
As of March 31, 2012 Millions of yen
Due within
one year
Due after
one year
Total minimum
lease payments
¥14 ¥11 ¥25
As of March 31, 2013 Millions of yen Thousands of U.S. dollars
Due within
one year
Due after
one year
Total minimum
lease payments
Due within
one year
Due after
one year
Total minimum
lease payments
¥301 ¥258 ¥559 $3,202 $2,745 $5,947