Pentax 2006 Annual Report Download - page 58

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No. 4 INVENTORIES
Inventories at March 31, 2006 and 2005 consisted of the following:
Millions of Yen Thousands of U.S. Dollars
2006 2005 2006
Finished products and merchandise ¥15,646 ¥14,623 $133,191
Semi-finished products and work in process 9,446 8,084 80,412
Raw materials 6,836 6,198 58,194
Supplies 9,250 7,260 78,744
Total ¥41,178 ¥36,165 $350,541
The Group reviewed its long-lived assets for impairment as of the
years ended March 31, 2006 and 2005. As a result, the Group
recognized impairment losses of ¥864 million ($7,355 thousand)
and ¥92 million for the years ended March 31, 2006 and 2005,
respectively, as other expense for a decline in value, mainly from
property of certain plants including the Musashi Plant of 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, which was measured at its value in
use. The discount rate used for computation of the present value
of future cash flows was 5%.
The Group reviewed its long-lived assets for impairment as
of the year ended March 31, 2005 and as a result, recognized an
impairment loss of ¥767 million as other expense for a decline
in value, mainly from land of the Photonics division of the
Maebashi Plant due to a close of that unit. The carrying amount
of the relevant property, plant and equipment was written down
to the recoverable amount, which was measured in consult of
appraised value of land facing a thoroughfare and sales amount
among others.
The Group reviewed its long-lived assets for impairment as
of the year ended March 31, 2006, and as a result recognized
an impairment loss of ¥369 million ($3,141 thousand) as other
expense for a decline in value of the leased land in Machida-city,
due to a fall of market land prices. The carrying amount of the
relevant land was written down to the recoverable amount,
which was measured at its declared value.
No. 5 LONG-LIVED ASSETS
No. 6 INVESTMENTS IN ASSOCIATED COMPANIES
Investments in associated companies at March 31, 2006 and 2005 were as follows:
Millions of Yen Thousands of U.S. Dollars
2006 2005 2006
Investments ¥11,063 ¥9,486 $94,177