Sharp 2015 Annual Report Download - page 44

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Yen (millions)
2015
Due in one year or less Due after one year
Cash and cash equivalents, Time deposits, and Restricted cash ¥ 258,493 ¥ —
Notes and accounts receivable 582,335 27,390
Total ¥ 840,828 ¥ 27,390
Yen (millions)
2014
Due in one year or less Due after one year
Cash and cash equivalents, Time deposits, and Restricted cash ¥ 379,596 ¥ —
Notes and accounts receivable 542,630 32,072
Total ¥ 922,226 ¥ 32,072
8. Business Combinations
Business Divestitures
Transfer of all interests and shares of consolidated subsidiaries, Recurrent Energy, LLC (“Recurrent”) and
Sharp US Holding Inc. (“SUH”)
(a) Outline of business divestitures
(1) Name of parties who succeed the divested business
Canadian Solar Energy Acquisition Co. (“CSEA”) and Momentum Partners, LLC (“Momentum”)
(2) Nature of divested business
Development and sale of solar power generation plants in the U.S.
(3) Aim of business divestitures
The development and sale of solar power generation plants run by Recurrent needs sufficient funds for
initial development costs, and its profits are highly variable. Therefore, the Company examined various
solutions, including the sale of Recurrent. Since there was an offer to purchase 100% of the interests
in Recurrent, the Company transferred all interests in Recurrent to CSEA.
After completing the transfer, the Company transferred all shares of SUH, the holding company of
Recurrent (parent company), to Momentum.
(4) Date of business divestitures
[1] Interest transfer of Recurrent March 30, 2015
[2] Share transfer of SUH March 30, 2015
(5) Other items with regard to an outline of transactions which include description of legal form
Business transfer for which the Company will receive only assets such as cash as consideration
(b) Outline of accounting method
(1) Transfer profit and loss
Gain on sales of investment in securities ¥ 11,006 million
Notes to the Consolidated Financial Statements
(Note 3) Maturity analysis for Cash and cash equivalents, Time deposits, and Restricted cash, and Notes
and accounts receivable.
42
Notes to the Consolidated
Financial Statements
Financial Section
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015
Consolidated
Subsidiaries
Independent Auditor’s
Report
Consolidated Statements of
Cash Flows
Consolidated Statements of
Changes in Net Assets
Consolidated Statements of
Comprehensive Income
Consolidated Statements of
Operations
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary