Alpine 2011 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, 2011 and 2010, the equivalent amounts of purchase price,
accumulated depreciation and book value of leased properties were as follows:
Such finance lease payments of the Companies amounted to ¥7 million (US$84 thousand), ¥64 million and ¥104 million for the years ended March 31,
2011, 2010 and 2009, respectively.
The equivalent of depreciation expense amounting to ¥7 million (US$84 thousand) in 2011, ¥64 million in 2010, and ¥104 million in 2009, was computed
using the straight-line method over the lease terms assuming no residual value.
The future minimum lease payments under non-cancelable operating leases at March 31, 2011 and 2010 were as follows:
The future minimum lease payments under finance leases at March 31, 2011 and 2010 were as follows:
Millions of Yen
Thousands of U.S. Dollars
2011 2010 2011
Purchase price equivalent of machinery and equipment ¥94 ¥447 $1,130
Accumulated depreciation equivalent of machinery and equipment 93 436 1,118
Net book value equivalent ¥ 1 ¥ 11 $ 12
Millions of Yen
Thousands of U.S. Dollars
2011 2010 2011
Current ¥1 ¥ 9 $12
Non-current 020
Total ¥1 ¥11 $12
Millions of Yen
Thousands of U.S. Dollars
2011 2010 2011
Current ¥302 ¥255 $3,632
Non-current 341 261 4,101
Total ¥643 ¥516 $7,733