Pentax 2009 Annual Report Download - page 53

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51
HOYA Annual Report 2009
Depreciation and amortization costs for the fiscal year under
review increased 11.5%, to ¥50,031 million. The Electro-Optics Divi-
sion accounted for just over 50% of this, at ¥27,430 million. In addition,
the Pentax Division incurred depreciation of property, plant and
equipment, as well as amortization of goodwill that arose as a result of
the merger.
Moreover, as shown in the lower graph, amortization of goodwill
and impairment losses are included in addition to the depreciation
costs. For the fiscal year under review, each of the Pentax business
divisions and others applied impairment accounting, resulting in an
impairment loss of ¥30,459 million.
Interest-Bearing Debt Each Year ended March 31
Capital Expenditures/Depreciation, Amortization and other Each Year ended March 31
(Millions of yen) 2005 2006 2007 2008 2009
n Short-term loans 194 — — 6,465 2,145
n฀Long-term debt with current maturities — — — 8,749 4,402
n฀Commercial paper — — — 6,192 41,978
n฀Long-term debt — — — 13,268 9,688
n฀Corporate bonds — — — 99,967 99,972
Subtotal 194 — — 134,641 158,185
n฀Lease obligations — — — — 1,348
n฀Discounted promissory notes — — — 1,551 181
Total 194 — — 136,192 159,714
Leverage ratio (%) 0.1 — — 19.8 27.0
Note: Corporate bonds were issued to fund a public tender offer to acquire Pentax Corporation. The balance as of March 31, 2009 is: Five-year bonds: ¥39,986
million Seven-year bonds: ¥24,992 million Ten-year bonds: ¥34,994 million
(Millions of yen) 2005 2006 2007 2008 2009
n Capital Expenditures 40,175 48,786 54,432 39,465 34,839
n Depreciation, amortization and other 22,520 27,485 36,427 45,457 80,490
Note: Depreciation, amortization and other includes the loss on impairment of long-lived assets and amortization of goodwill.
(Millions of yen)
(Millions of yen)
(%)