Wacom 2009 Annual Report Download - page 38

(2) Period, for which the operating results of the
acquired company are included in the
accompanying consolidated financial statements -
From June 1, 2007 to March 31, 2008
(3) The acquisition cost -
a) Acquisition cost
¥420,497 thousand ($3,455 thousand)
b) Breakdown of the acquisition cost
Stock acquisition cost
¥408,878 thousand ($3,360 thousand)
Cost associated with stock acquisition
(Such as due diligence cost)
¥11,619 thousand ($95thousand)
Note: All acquisition cost above has been disbursed in cash.
Current assets
Fixed assets
Total assets
Thousands
of Yen
¥11,499
264,821
¥276,320
Thousands
of U.S.
dollars
$94
2,176
$2,270
LiabilitiesAssets
Current
liabilities
Non-current
Liabilities
Total liabilities
Thousands
of Yen
¥ −
74,474
¥74,474
Thousands of
U.S. dollars
$ −
612
$612
(4) Goodwill recognized -
a) Amount of goodwill
¥218,652 thousand ($1,797 thousand)
b) Goodwill is recognized for the amount which the
acquisition cost exceeds a fair value of the
equity of the acquired company.
c) Amortization method and period
Goodwill is not amortized because Wacom
Technology Corporation applies U.S. GAAP.
(5) Fair value of the assets and liabilities of the
acquired company at the acquisition date are
summarized below -
(6) Major intangible assets which are not classified
as goodwill and their weighted average period
of amortization are summarized below -
(7) Estimated impact on the consolidated
income statement -
Estimated unaudited impact on the consolidated income
statement assuming this business combination would
have been completed at the beginning of the fiscal year
ended March 31, 2008 is not significant.
Note:
The above-mentioned estimated impact has not been
audited by the Company’s independent auditors.
There were no business combinations in fiscal year
2009.
23.Subsequent events:
There were no applicable items under this category.
Major
intangible
assets
Patents
Other
intellectual
properties
Thousands of
Yen
¥36,507
219,042
Thousands of
U.S. dollars
$300
1800
Weighted
average period
of amortization
7 years
7 years
37
Name of acquired company
Business acquired
Purpose of the acquisition
Acquisition date
Legal structure of the acquisition
Name of the company
after acquisition
Acquired voting rights
Touchscreen Konnection Oasis, Inc.
Designing, manufacturing and sales
of resistive-type touch sensor and
capacitive-type touch sensor
Expansion of business by combining
technology of the acquired
company’s electrostatic combination
touch sensor.
May 31, 2007
After a stock purchase of
Touchscreen Konnection Oasis, Inc. by
the Company, the Company
transferred the entire stock to its 100%
subsidiary, Wacom Technology
Corporation through an investment in
kind, and then Wacom Technology
Corporation merged with Touchscreen
Konnection Oasis, Inc.
Wacom Technology Corporation
100.0%
22.Business combination:
(1)Summary of business combination -
The following is certain information relating to the
aggregate acquisition cost and market value of
securities in fiscal year 2008.
21. Related party transactions:
There were no applicable transactions under this
category for the year ended March 31, 2008 and year
ended March 31, 2009, respectively.
(Additional information)
“Accounting Standard for Related Party Transactions”
(Accounting Standards Board of Japan Statement No.
11, issued on October 17, 2006) and “Implementation
Guidance on Accounting Standard for Related Party
Transactions” (Accounting Standards Board of Japan
Guidance No. 13, issued on October 17, 2006) has
been adopted effective for the fiscal year ended March
31, 2009.
As a result, in addition to directors who are included in
disclosure scope for related party transactions in past
years, directors of significant subsidiaries of the
Company, Joseph E. Deal (Wacom Technology
Corporation) and Han Stoffels (Wacom Europe GmbH)
have been included in a disclosure scope for related
party transactions for the year ended March 31, 2009.