Sharp 2015 Annual Report Download - page 45

(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 profit or loss. This accounting
method assumes that the investment regarding the transferred business of development and sale of
solar power generation plants in the U.S. is liquidated.
(c) The name of reportable segment in which transferred business was included
Product Business segment
(d) Estimated amount of profit and loss regarding divested business, which was recorded in
consolidated financial results for the year ended March 31, 2015
Current assets ¥ 11,566 million
Noncurrent assets ¥ 25,411 million
Total assets ¥ 36,977 million
Current liabilities ¥ 3,936 million
Long-term liabilities ¥ 2,056 million
Total liabilities ¥ 5,992 million
Net sales ¥ 20,116 million
Operating loss ¥ 719 million
9. Net Assets and Per Share Data
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 in which a dividend distribution of surplus 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, 2015, the total amount of legal earnings reserve and additional paid-in capital ex-
ceeded 25% of the common stock, therefore, no additional provision is required.
Legal earnings reserve and additional paid-in capital may not be distributed as dividends. By resolution
of the shareholders’ meeting, legal earnings reserve and additional paid-in capital may be transferred
to other retained earnings and capital surplus, respectively, which are potentially available for dividends.
The maximum amount that the Company can distribute as dividends is calculated based on the non-
consolidated financial statements of the Company in accordance with the Law.
Year end cash dividends are approved by the shareholders after the end of each fiscal year, and
semiannual interim cash dividends are declared by the Board of Directors after the end of each interim
six-month period. Such dividends are payable to shareholders of record at the end of each fiscal year or
interim six-month period. In accordance with the Law, final cash dividends and the related appropriations
of retained earnings have not been reflected in the financial statements at the end of such fiscal year.
However, cash dividends per share shown in the accompanying consolidated statements of operations
reflect dividends applicable to the respective period.
At the annual shareholders’ meeting held on June 23, 2015 a resolution of no dividend to sharehold-
ers of record as of March 31, 2015 was approved.
Net income per share is computed based on the weighted average number of shares of common stock
outstanding during each period.
Notes to the Consolidated Financial Statements
43
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