Pentax 2007 Annual Report Download - page 56

Download and view the complete annual report

Please find page 56 of the 2007 Pentax 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 78

  • 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
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78

54
No. 3 INVESTMENT SECURITIES
Investment securities as of March 31, 2007 and 2006 consisted of the following:
Millions of Yen Thousands of U.S. Dollars
2007 2006 2007
Marketable equity securities ¥1,542 ¥1,875 $13,062
Non-marketable equity securities 1,356 1,081 11,487
Total ¥2,898 ¥2,956 $24,549
The carrying amounts and aggregate fair values of marketable equity securities at March 31, 2007 and 2006 were as follows:
Millions of Yen
Cost Unrealized Gains Unrealized
Losses Fair Value
March 31, 2007:
Available-for-sale—Equity securities ¥1,693 ¥— ¥151 ¥1,542
March 31, 2006:
Available-for-sale—Equity securities 1,693 182 — 1,875
Thousands of U.S. Dollars
Cost Unrealized Gains Unrealized
Losses Fair Value
March 31, 2007:
Available-for-sale—Equity securities $14,341 $— $1,279 $13,062
Available-for-sale securities whose fair value was not readily determinable as of March 31, 2007 and 2006 were as follows:
Carrying Amount
Millions of Yen Thousands of U.S. Dollars
2007 2006 2007
Equity securities ¥1,100 ¥ 802 $ 9,318
Investment to limited partnership and others 256 279 2,169
Total ¥1,356 ¥1,081 $11,487
There were no sales of available-for-sale securities for the years ended March 31, 2007 and 2006.
u. Stock Option—Effective April 1, 2006, the Company and its
consolidated subsidiaries adopted the new accounting standard,
“Accounting Standard for Share-based Payment” (Statement
No.8 issued by the Accounting Standards Board of Japan on
December 27, 2005) and the implementation guidance, “Guidance
on Accounting Standard for Share-based Payment” (Guidance
No.11 issued by the Accounting Standards Board of Japan on
December 27, 2005). As a result, operating income and income
before income taxes and minority interests for the current fiscal
year decreased by ¥167 million, respectively.
v. Reclassification and Restatement—Certain prior year amounts
have been reclassified to conform to the current year presentation.
Also, as described in Notes 2.q and 2.r, the consolidated balance
sheet for 2006 has been adapted to conform to new presentation
rules of 2007. Also, in lieu of the consolidated statement of share-
holders’ equity for the year ended March 31, 2006, which was pre-
pared on a voluntary basis for inclusion in the 2006 consolidated
financial statements, the Company prepared the consolidated state-
ment of changes in net assets for 2006 as well as for 2007.
These reclassifications had no impact on previously reported
results of operations or retained earnings.