Olympus 2015 Annual Report Download - page 47

Securities with book value not exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
2014 2015 2015
Acquisition
cost Book value Difference
Acquisition
cost Book value Difference
Acquisition
cost Book value Difference
Equity securities ....................... ¥2,446 ¥2,220 ¥(226) ¥527 ¥465 ¥(62) $4,392 $3,875 $(517)
Others ...................................... — — — — — — — — —
Total ......................................... ¥2,446 ¥2,220 ¥(226) ¥527 ¥465 ¥(62) $4,392 $3,875 $(517)
Note: In the years ended March 31, 2014 and 2015, the Company recognized impairment loss of ¥228 million and ¥2 million ($17 thousand), respectively, on available-for-sale securities
with fair value.
The Company recognizes impairment loss when the fair market value of marketable and investment securities declines to less than 50% of the acquisition cost at the end of the
period. In addition, an impairment loss is also recognized when the fair market value declines more than 30% but less than 50%, and the recovery of the fair market value is not
expected due to 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,
2014 and 2015:
Millions of yen Thousands of U.S. dollars
2014 2015 2015
Sales
proceeds
Aggregate
gain
Aggregate
loss
Sales
proceeds
Aggregate
gain
Aggregate
loss
Sales
proceeds
Aggregate
gain
Aggregate
loss
Equity securities ............................................................. ¥931 ¥554 ¥— ¥568 ¥122 ¥455 $4,733 $1,017 $3,792
Others ............................................................................ 3 2 — 103 0 27 858 0 225
Total ............................................................................... ¥934 ¥556 ¥— ¥671 ¥122 ¥482 $5,592 $1,017 $4,017
Investments in unconsolidated subsidiaries and affiliates included in investment securities as of March 31, 2014 and 2015 were as follows:
Book value
Millions of yen
Thousands of
U.S. dollars
2014 2015 2015
Investments in unconsolidated subsidiaries and affiliates ....................................................................... ¥2,410 ¥2,711 $22,592
Total ...................................................................................................................................................... ¥2,410 ¥2,711 $22,592
6. Notes and Accounts Receivable
Notes and accounts receivable as of March 31, 2014 and 2015 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2014 2015 2015
Unconsolidated subsidiaries and affiliates .............................................................................................. ¥ 16 ¥ 46 $ 383
Trade ..................................................................................................................................................... 132,217 148,081 1,234,009
Total ...................................................................................................................................................... ¥132,233 ¥148,127 $1,234,392
7. Inventories
Inventories as of March 31, 2014 and 2015 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2014 2015 2015
Finished goods ...................................................................................................................................... ¥51,613 ¥ 57,179 $476,492
Work in process and raw materials ........................................................................................................ 46,982 50,208 418,400
Total ...................................................................................................................................................... ¥98,595 ¥107,387 $894,892
Write-downs of inventories for the years ended March 31, 2014 and 2015, net of the amount of the reversal, were included in the
following account:
Millions of yen
Thousands of
U.S. dollars
2014 2015 2015
Cost of sales ......................................................................................................................................... ¥(3,421) ¥5,883 $49,025
As of March 31, 2015 Thousands of U.S. dollars
Within a year
Over a year
but within
five years
Over five years
but within
ten years
Over
ten years
Cash and deposits ................................................................................................... $1,748,575 $ — $— $—
Notes and accounts receivable ................................................................................. 1,234,392 — — —
Investment securities:
Held-to-maturity debt securities:
1) National and local government bonds ........................................................ — — — —
2) Corporate bonds ....................................................................................... — — — —
Other marketable securities with maturities:
1) Corporate bonds ....................................................................................... — — — —
2) Other ......................................................................................................... 3,183 10,575 — —
Total $2,986,150 $10,575 $— $—
4) Repayment schedule for bonds, long-term borrowings, lease payables and other interest-bearing debt with maturities at March 31, 2014
and 2015
Millions of yen
As of March 31, 2014 Within a year
Over a year
but within
two years
Over two years
but within
three years
Over three years
but within
four years
Over four years
but within
five years Over five years
Short-term borrowings ................................... ¥16,966 ¥ — ¥ — ¥ — ¥ — ¥ —
Bonds ............................................................ — — 30,000 — 25,000 —
Long-term borrowings .................................... 52,051 72,415 21,313 75,757 53,429 68,900
Lease payables .............................................. 2,378 2,210 1,382 955 292 25
Total ............................................................... ¥71,395 ¥74,625 ¥52,695 ¥76,712 ¥78,721 ¥68,925
Millions of yen
As of March 31, 2015 Within a year
Over a year
but within
two years
Over two years
but within
three years
Over three years
but within
four years
Over four years
but within
five years Over five years
Short-term borrowings ................................... ¥ 29,118 ¥ — ¥ — ¥ — ¥ — ¥ —
Bonds ............................................................ — 30,000 — 25,000 — —
Long-term borrowings .................................... 72,017 23,025 57,117 54,721 48,205 15,218
Lease payables .............................................. 2,481 2,462 1,745 1,015 366 185
Total ............................................................... ¥103,616 ¥55,487 ¥58,862 ¥80,736 ¥48,571 ¥15,403
Note: Repayment dates of security deposits included in other interest-bearing debt are not determined.
Thousands of U.S. dollars
As of March 31, 2015 Within a year
Over a year
but within
two years
Over two years
but within
three years
Over three years
but within
four years
Over four years
but within
five years Over five years
Short-term borrowings ................................... $242,650 $ — $ — $ — $ — $ —
Bonds ............................................................ — 250,000 — 208,333 — —
Long-term borrowings .................................... 600,142 191,875 475,975 456,008 401,708 126,817
Lease payables .............................................. 20,675 20,517 14,542 8,458 3,050 1,542
Total ............................................................... $863,467 $462,392 $490,517 $672,799 $404,758 $128,359
5. Securities
The following tables summarize acquisition cost and book value of securities with fair value as of March 31, 2014 and 2015:
Available-for-sale securities
Securities with book value exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
2014 2015 2015
Acquisition
cost Book value Difference
Acquisition
cost Book value Difference
Acquisition
cost Book value Difference
Equity securities ....................... ¥32,898 ¥48,850 ¥15,952 ¥34,047 ¥67,018 ¥32,971 $283,725 $558,483 $274,758
Others ...................................... — — — — — — — — —
Total ......................................... ¥32,898 ¥48,850 ¥15,952 ¥34,047 ¥67,018 ¥32,971 $283,725 $558,483 $274,758
Notes to the Consolidated Financial Statements
91
OLYMPUS Annual Report 2015
90 OLYMPUS Annual Report 2015