Wacom 2013 Annual Report Download - page 18

11. Leases:
Finance lease transactions that do not transfer owner-
ship of the assets which commenced before April 1,
2008, have been accounted for using the same
method as for operating leases continuously. Such
lease transactions of the Company and its subsidiar-
ies, as a lessee, are shown below:
Finance leases, which do not transfer ownership of
the assets to the lessee and are accounted for as op-
erating leases, are as follows:
(a) Acquisition costs of leased assets under finance
leases are as follows:
The Company did not have any finance leases during
the years ended March 31, 2012 and 2013.
(b) Future lease payments under finance leases are as
follows:
The Company did not have any finance leases during
the years ended March 31, 2012 and 2013.
(c) Lease payments and amounts representing depre-
ciation and interest equivalents are as follows:
Calculation method of depreciation equivalents
Depreciation equivalents are based on the annual
declining-balance method depreciation over the lease
terms with residual value of 10%. To calculate the
depreciation equivalents, the annual depreciation
expense is multiplied by 10 and divided by 9.
Allocation of interest expense equivalents
The difference between total lease expense expected
to be paid over the lease terms and the acquisition
cost of leased assets are deemed to be interest
expense equivalents. Interest expense equivalents
are allocated using the interest method over the lease
terms.
There has been no impairment losses allocated to
leased assets for the year ended March 31, 2012 and
2013, respectively.
Future lease payments under non-cancelable operat-
ing leases are as follows:
Notes to Consolidated Financial Statements
34
Dividend payments approved at the board meeting
held on April 26, 2012 are as follows:
(b) Dividends of which record date is attributable to
the accounting period ended March 31, 2012 and
2013, respectively, but are effective after said
accounting period.
The Company resolved approval at the board meeting
held on April 26, 2012 as follows:
The Company resolved approval at the board meeting
held on April 30, 2013 as follows:
10. Consolidated statements of cash flows:
Information regarding consolidated statements of
cash flows for the years ended March 31, 2012 and
2013 is as follows.
Cash and cash equivalents as of March 31, 2012 and
2013, consists of the following -
(Approval by)
Board meeting on
April 30, 2013
Type of
shares
Common
stock
Total amount
of dividends
(Thousands
of yen)
¥1,891,728
Dividends
per share
(yen)
¥4,500
Record
date
March 31,
2013
Effective
date
June 6,
2013
(Approval by)
Board meeting on
April 30, 2013
Type of
shares
Common
stock
Total amount
of dividends
(Thousands of
U.S. dollars)
$20,114
Dividends
per share
(dollar)
$48
Record
date
March 31,
2013
Effective
date
June 6,
2013
Thousands of yen Thousands of
U.S. dollars
Cash and deposits
Cash and cash equivalents
¥11,969,873
¥11,969,873
¥21,596,429
¥21,596,429
$229,627
$229,627
2012 2013 2013
(Approval by)
Board meeting on
April 26, 2012
Type of
shares
Common
stock
Total amount
of dividends
(Thousands
of yen)
¥1,192,848
Dividends
per share
(yen)
¥3,000
Record
date
March 31,
2012
Effective
date
June 4,
2012
(Approval by)
Board meeting on
April 26, 2012
Type of
shares
Common
stock
Total amount
of dividends
(Thousands of
U.S. dollars)
$12,683
Dividends
per share
(dollar)
$32
Record
date
March 31,
2012
Effective
date
June 4,
2012
Thousands of yen Thousands of
U.S. dollars
Lease payments
Amount representing
depreciation equivalents
Amount representing
interest equivalents
¥482
132
17
¥ -
-
-
$ -
-
-
2012 2013 2013
Thousands of yen Thousands of
U.S. dollars
Due within one year
Due after one year
Total minimum lease payments
¥131,415
191,241
¥322,656
¥115,286
126,939
¥242,225
$1,226
1,350
$2,576
2012 2013 2013
(Approval by)
Board meeting on
April 26, 2012
Type of
shares
Common
stock
Total amount
of dividends
(Thousands
of yen)
¥1,192,848
Dividends
per share
(yen)
¥3,000
Record
date
March 31,
2012
Effective
date
June 4,
2012
8. Consolidated statements of
comprehensive income:
Information regarding comprehensive income and
other comprehensive income for the year ended
March 31, 2013 is as follows.
(1) Reclassification adjustments relating to other com-
prehensive income
(2) Income tax effect relating to other comprehensive
income
9. Consolidated statements of changes in net
assets:
Information regarding consolidated statements of
changes in net assets for the years ended March 31,
2012 and 2013 is as follows.
(1) Type and number of shares outstanding and trea-
sury stock -
33
Notes:
a) The increase in the number of shares outstanding was due to exercises of
stock options.
b) The increase in the number of treasury stock was due to the purchase of
treasury stock based on the resolution of board of directors.
Notes:
a) The decrease in the number of treasury stock by 22,768 shares was due
to issuances of the treasury stock as a result of exercises of stock options of
1,772 shares, and issuances due to a third party allotment of 20,996 shares.
(2) Matters related to subscription rights to shares -
The balance of subscription rights to shares (stock
options) as of March 31, 2012 and 2013 is as follows.
The first date of the exercise period of the 7th and the
8th rights has not yet arrived as of March 31, 2013.
(3) Matters related to dividends -
(a) Dividend payments
Dividend payments approved at the board meeting
held on April 27, 2011 are as follows:
Year ended
March 31, 2013
Thousands of
U.S. dollars
Year ended
March 31, 2013
Year ended
March 31, 2012
Thousands of yen
¥23,310
-
23,310
1,084,417
1,107,727
(8,112)
¥1,099,615
¥12,950
-
12,950
(182,433)
(169,483)
(4,507)
(¥173,990)
$248
-
248
11,530
11,778
(86)
$11,692
Valuation difference on
available-for-sale securities:
Changes of items during the period
Reclassification adjustments
Net change during the period
Foreign currency translation adjustment:
Changes of items during the period
Total other comprehensive income,
before income tax effect
Income tax effect
Total other comprehensive income
Year ended
March 31, 2013
Thousands of
U.S. dollars
Year ended
March 31, 2013
Year ended
March 31, 2012
Thousands of yen
Valuation difference on
available-for-sale securities:
Before Income tax effect
Income tax effect
Net of Income tax effect
Foreign currency translation adjustment:
Before Income tax effect
Income tax effect
Net of Income tax effect
Total other comprehensive income:
Before Income tax effect
Income tax effect
Net of Income tax effect
¥23,310
(8,112)
15,198
1,084,417
-
1,084,417
1,107,727
(8,112)
¥1,099,615
¥12,950
(4,507)
8,443
(182,433)
-
(182,433)
(169,483)
(4,507)
(¥173,990)
$248
(86)
162
11,530
-
11,530
11,778
(86)
$11,692
Total Total
Common
stock
Type of treasury
stock
Type of shares
outstanding
Number of shares as of
March 31, 2011 (Unit: shares)
Number of shares increased
during the accounting period
ended March 31, 2012 (Unit: shares)
Number of shares decreased
during the accounting period
ended March 31, 2012 (Unit: shares)
Number of shares as of
March 31, 2012 (Unit: shares)
421,816
800
-
422,616
421,816
800
-
422,616
20,000
5,000
-
25,000
Common
stock
Total Total
Common
stock
Type of treasury
stock
Type of shares
outstanding
Number of shares as of
March 31, 2012 (Unit: shares)
Number of shares increased
during the accounting period
ended March 31, 2013 (Unit: shares)
Number of shares decreased
during the accounting period
ended March 31, 2013 (Unit: shares)
Number of shares as of
March 31, 2013 (Unit: shares)
422,616
-
-
422,616
422,616
-
-
422,616
25,000
-
22,768
2,232
25,000
-
22,768
2,232
Common
stock
20,000
5,000
-
25,000
2013 2013
Thousands of
U.S. dollars
Subscription rights to shares (the 6th)
Subscription rights to shares (the 7th)
Subscription rights to shares (the 8th)
Total
¥30,922
22,523
42,274
¥95,719
2012
Thousands of yen
¥81,807
8,788
-
¥90,595
$329
239
450
$1,018
(Approval by)
Board meeting on
April 27, 2011
Type of
shares
Common
stock
Total amount
of dividends
(Thousands
of yen)
¥1,205,448
Dividends
per share
(yen)
¥3,000
Record
date
March 31,
2011
Effective
date
June 2,
2011