Alpine 2010 Annual Report Download - page 30

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30
11. Lease Information
Finance leases contracted before March 31, 2008, except for those leases for which the ownership of the leased assets are considered to be transferred
to the lessees, are accounted for in the same manner as operating leases. At March 31, 2010 and 2009, the equivalent amounts of purchase price,
accumulated depreciation and book value of leased properties were as follows:
2010 2009 2010
Purchase price equivalent of machinery and equipment ¥447 ¥527 $4,804
Accumulated depreciation equivalent of machinery and equipment 436 454 4,686
Net book value equivalent ¥ 11 ¥73 $ 118
Thousands of U.S. Dollars
Millions of Yen
Regarding the materiality, from the year ended March 31, 2009, the purchase price equivalent and Accumulated depreciation do not exclude the interest
expenses.
The future minimum lease payments under finance leases at March 31, 2010 and 2009 were as follows:
2010 2009 2010
Current ¥ 9 ¥63 $971
Non-current 2 9 21
Total ¥11 ¥72 $118
Thousands of U.S. Dollars
Millions of Yen
Such finance lease payments of the Companies amounted to ¥64 million (US$688 thousand), ¥104 million and ¥232 million for the years ended March 31,
2010, 2009 and 2008, respectively.
The equivalent of depreciation expense amounting to ¥64 million (US$688 thousand) in 2010, ¥104 million in 2009, and ¥218 million in 2008, was
computed using the straight-line method over the lease terms assuming no residual value. The equivalent of interest expense amounting to ¥7 million in
2008 was computed using the interest rate method over the lease terms for the difference between acquisition cost and total lease payments.
The future minimum lease payments under noncancelable operating leases at March 31, 2010 and 2009 were as follows:
2010 2009 2010
Current ¥255 ¥345 $2,741
Non-current 261 399 2,805
Total ¥516 ¥744 $5,546
Thousands of U.S. Dollars
Millions of Yen