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57
TOSHIBA Annual Report 2012
The effect of derivative instruments on the consolidated statements of income for the year ended March 31, 2011 is as
follows:
Cash flow hedge:
Millions of yen
Amount of
gain (loss)
recognized in
OCI
Amount of gain (loss)
reclassified from accumulated
OCI into income (loss)
Amount of gain (loss)
recognized in income (loss)
(Ineffective portion and
amount excluded
from effectiveness testing)
Amount
recognized Location Amount
recognized Location Amount
recognized
Forward exchange contracts ¥ 2,181 Other income ¥ 1,355 Other income ¥ 284
Interest rate swap agreements (657) Other expense (2,430) Other income 8
Derivatives not designated as hedging instruments:
Millions of yen
Amount of gain (loss)
recognized in income (loss)
Location Amount
recognized
Forward exchange contracts Other income ¥ 1,611
Currency options Other income 162
22. LEASES
The Group leases manufacturing equipment, office and warehouse space, and certain other assets under operating
leases.
Rent expenses under such leases for the years ended March 31, 2012 and 2011 were ¥115,110 million ($1,403,780 thousand)
and ¥147,760 million, respectively.
The Group also leases certain machinery and equipment which are accounted for as capital leases. As of March 31, 2012
and 2011, the costs under capital leases were approximately ¥66,390 million ($809,634 thousand) and ¥75,400 million, and
the related accumulated amortization were approximately ¥31,560 million ($384,878 thousand) and ¥31,700 million,
respectively.
As of March 31, 2011, the costs under capital leases from TFC and Toshiba Medical Finance Co., Ltd., affiliates of the
Company, were approximately ¥47,800 million, and the related accumulated amortization was approximately ¥22,100
million. As disclosed in Note 28, on February 1, 2012, the Company increased its ownership in TFC, and consequently
acquired the controlling financial interest of TFC. As a consequence, the costs under capital leases from affiliates of the
Company and the related accumulated amortization as of March 31, 2012, were not significant.
Minimum lease payments for the Group's capital and non-cancelable operating leases as of March 31, 2012 are as
follows:
Millions of yen Thousands of U.S. dollars
Year ending March 31
Capital
leases
Operating
leases
Capital
leases
Operating
leases
2013 ¥ 11,570 ¥ 38,933 $ 141,098 $ 474,793
2014 8,158 25,383 99,488 309,549
2015 5,307 10,451 64,720 127,451
2016 3,327 9,409 40,573 114,744
2017 2,339 5,624 28,524 68,585
Thereafter 23,889 20,792 291,329 253,561
Total minimum lease payments 54,590 ¥ 110,592 665,732 $ 1,348,683
Executory costs (2,036) (24,829)
Amounts representing interest (18,354) (223,830)
Present value of net minimum lease payments 34,200 417,073
Less-current portion (10,270) (125,244)
¥ 23,930 $ 291,829