Omron 2003 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2003 Omron 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 58

  • 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

Losses on impairment of available-for-sale securities recognized to reflect the decline in market value considered
to be other than temporary were ¥1,194 million ($9,950 thousand), ¥13,845 million and ¥674 million for the years
ended March 31, 2003, 2002 and 2001, respectively.
Net unrealized holding gains (losses) on available-for-sale securities, net of related taxes, decreased by ¥5,047
million ($42,058 thousand) and ¥286 million for the years ended March 31, 2003 and 2002, respectively. Debt secu-
rities classified as available-for-sale investment securities mature in various amounts through 2005.
Proceeds from sales of available-for-sale securities were ¥1,240 million ($10,333 thousand), ¥2,750 million and
¥9,372 million for the years ended March 31, 2003, 2002 and 2001, respectively.
Gross realized gains on sales were ¥78 million ($650 thousand), ¥1,608 million and ¥3,579 million for the years
ended March 31, 2003, 2002 and 2001, respectively.
Gross realized losses on sales were ¥1,218 million ($10,150 thousand), ¥321 million and ¥8 million for the years
ended March 31, 2003, 2002 and 2001, respectively.
The components of acquired intangible assets excluding goodwill at March 31, 2003 and 2002 were as follows:
Millions of yen
2003 2002
Gross Gross
Carrying Accumulated Carrying Accumulated
Amount Amortization Amount Amortization
Intangible assets subject to amortization:
Software .................................................................................. ¥21,780 ¥10,268 ¥22,250 ¥11,023
Other ....................................................................................... 3,842 2,838 3,680 2,674
Total ........................................................................................ ¥25,622 ¥13,106 ¥25,930 ¥13,697
Thousands of U.S. dollars
2003
Gross
Carrying Accumulated
Amount Amortization
Intangible assets subject to amortization:
Software........................................................................................................................... $181,500 $ 85,567
Other ................................................................................................................................ 32,017 23,650
Total ................................................................................................................................. $213,517 $109,217
Intangible assets not subject to amortization at March 31, 2003 and 2002 were immaterial.
Aggregate amortization expense for the year ended March 31, 2003 was ¥4,544 million ($37,867 thousand).
Estimated amortization expense for the next five years ending March 31 is as follows:
Thousands of
Years ending March 31 Millions of yen U.S. dollars
2004 ..................................................................................................................... ¥4,095 $34,125
2005 ..................................................................................................................... 3,473 28,942
2006 ..................................................................................................................... 2,853 23,775
2007 ..................................................................................................................... 1,525 12,708
2008 ..................................................................................................................... 486 4,050
The carrying amount of goodwill at March 31, 2003 and 2002 and its movement for the year ended March 31,
2003 were immaterial.
5. Goodwill and
Other Intangible
Assets
Annual Report 2003 • 39