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54 SHARP CORPORATION
(2) Appropriate book value of the assets and liabilities transferred and its main items
(3) Accounting method
The difference between the amount received as a value
of transferred business and the amount of owner’s equity
regarding the transferred business is recognized as trans-
fer profit or loss. This accounting method is assuming that
the investment regarding transferred business of develop-
ment, production and sales of LCD panels, is liquidated.
Yen
(millions)
U.S Dollars
(thousands)
Current Assets ¥ 43,461 $ 467,323
Non-Current Assets 177,915 1,913,064
Deferred Assets 590 6,344
Total Assets ¥ 221,966 $ 2,386,731
Current Liabilities 77,297 831,150
Long-term Liabilities 5,941 63,882
Total Liabilities ¥ 83,238 $ 895,032
Yen
(millions)
U.S. Dollars
(thousands)
Net Sales ¥ — $ —
Operation income 107 1,151
(c) The name of reportable segment in which transferred business was included
The Electronic Components business segment
(d) Estimated amount of profit and loss regarding divested business, which was recorded in Consolidated Statements of
Operations for the year ended March 31, 2013
(e) Outline of ongoing commitment
Purchase of LCD displays from SDP and temporary transfer of employees to SDP
As of July 17, 2012, Sharp Display Products Corporation has changed its corporate name to Sakai Display Products Corporation.
Under the Japanese Corporate Law (“the Law”), the entire
amount paid for new shares is required to be designated as
common stock. However, a company may, by a resolution of
the Board of Directors, designate an amount not exceeding one-
half of the price of the new shares as additional paid-in capital,
which is included in capital surplus.
Under the Law, in cases where a dividend distribution of sur-
plus is made, the smaller of an amount equal to 10% of the
dividend or the excess, if any, of 25% of common stock over
the total of legal earnings reserve and additional paid-in capital
must be set aside as legal earnings reserve or additional paid-in
capital. Legal earnings reserve is included in retained earnings in
the accompanying consolidated balance sheets.
As of March 31, 2013, the total amount of legal earnings re-
serve and additional paid-in capital exceeded 25% of the com-
mon stock, therefore, no additional provision is required.
Legal earnings reserve and additional paid-in capital may not
be distributed as dividends. By the resolution of shareholders’
9. Net Assets and Per Share Data
Financial Section