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58
Research and development expenses charged to income for the years ended March 31, 2007, 2006 and 2005 were ¥14,920 million
($127,565 thousand), ¥14,135 million and ¥10,957 million, respectively.
No. 9 RESEARCH AND DEVELOPMENT EXPENSES
The Group leases certain machinery, computer equipment, office space and other assets. Total rental expenses including lease payments for
the years ended March 31, 2007, 2006 and 2005 were ¥3,909 million ($33,113 thousand), ¥5,602 million and ¥5,802 million, respectively.
Pro forma information of leased property such as acquisition cost, accumulated depreciation, accumulated impairment loss, obligation
under finance lease, depreciation expense of finance leases that do not transfer ownership of the leased property to the lessee on an “as if
capitalized” basis for the years ended March 31, 2007 and 2006 was as follows:
Millions of Yen Thousands of U.S. Dollars
2007 2006 2007
Machinery
and
Vehicles
Furniture
and Equipment Total
Machinery
and
Vehicles
Furniture
and Equipment Total
Machinery
and
Vehicles
Furniture
and Equipment Total
Acquisition cost ¥1,745 ¥2,630 ¥4,375 ¥3,485 ¥2,084 ¥5,569 $14,782 $22,279 $37,061
Accumulated depreciation 658 1,307 1,965 2,398 1,138 3,536 5,574 11,072 16,646
Accumulated impairment loss 3 25 28 — — — 25 212 237
Net leased property ¥1,084 ¥1,298 ¥2,382 ¥1,087 ¥ 946 ¥2,033 $ 9,183 $10,995 $20,178
The imputed interest expense portion as lessee is included in the above acquisition cost.
Obligations under finance leases:
Millions of Yen Thousands of U.S. Dollars
2007 2006 2007
Due within one year ¥ 704 ¥ 833 $ 5,963
Due after one year 1,698 1,200 14,384
Total ¥2,402 ¥2,033 $20,347
Allowance for impairment loss on leased property of ¥9 million ($76 thousand) and ¥170 million as of March 31, 2007 and 2006 are not
included in obligations under finance leases.
Depreciation expense and other information under finance leases:
Millions of Yen Thousands of U.S. Dollars
2007 2006 2005 2007
Depreciation expense ¥718 ¥726 ¥959 $6,082
Lease payments 727 896 959 6,158
Reversal of allowance for impairment loss on leased property 9170 105 76
Impairment loss 6— — 51
The imputed interest expense portion as lessee is included in the above obligations under finance leases.
No. 10 LEASES