Pentax 2005 Annual Report Download - page 60

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57
No. 5 INVENTORIES
Inventories at March 31, 2005 and 2004 consisted of the following:
Millions of Yen Thousands of U.S. Dollars
2005 2004 2005
Finished products and merchandise ¥14,623 ¥14,088 $136,664
Semi-finished products and work in process 8,084 7,357 75,551
Raw materials 6,198 5,347 57,925
Supplies 7,260 6,086 67,851
Total ¥36,165 ¥32,878 $337,991
The Group reviewed its long-lived assets for impairment as of
the years ended March 31, 2005 and 2004. As a result, the Group
recognized impairment losses of ¥92 million ($860 thousand) and
¥2,040 million for the years ended March 31, 2005 and 2004,
respectively, as other expense for a decline in value of the property
and other of the Musashi Plant and other in the Crystal division
due to a continuous operating loss of that unit. The carrying
amount of the relevant machinery was written down to the
recoverable amount. The recoverable amount of that machinery
group was measured at its value in use and the discount rate used
for computation of the present value of future cash flows was 5%.
The Group also recognized an impairment loss of ¥767 million
($7,168 thousand) for the year ended March 31, 2005 as other
expense for a decline in value of the land and other of the
Maebashi Plant in the Photonics division due to the plant closure.
The carrying amount of the relevant property, plant and equip-
ment was written down to the recoverable amount. The recov-
erable amount of that property, plant and equipment group was
measured based on the land tax assessment for land and net
realizable value for others.
No. 6 LONG-LIVED ASSETS
No. 7 INVESTMENTS IN AND ADVANCES TO ASSOCIATED COMPANIES
Investments in and advances to associated companies at March 31, 2005 and 2004 were as follows:
Millions of Yen Thousands of U.S. Dollars
2005 2004 2005
Investments ¥9,486 ¥5,689 $88,654
Advances (Long-term loan receivable) 12
Total ¥9,486 ¥5,701 $88,654