Canon 2004 Annual Report Download - page 64

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62
CANON INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
The gross realized gains for the year ended December 31,
2004 were ¥3,867 million ($37,183 thousand). The gross
realized gains for the years ended December 31, 2003 and
2002 and the gross realized losses for the years ended
December 31, 2004, 2003 and 2002 were not significant.
At December 31, 2004, substantially all of the available-
for-sale and held-to-maturity securities with unrealized losses
had been in a continuous unrealized loss position for less than
12 months.
Aggregate cost of non-marketable equity securities
accounted for under the cost method totaled ¥14,635 million
($140,721 thousand) and ¥18,253 million at December 31,
2004 and 2003, respectively. Investments with an aggregate
cost of ¥14,607 million ($140,452 thousand) were not
evaluated for impairment because (a) Canon did not estimate
the fair value of those investments as it was not practicable to
estimate the fair value of the investment and (b) Canon did
not identify any events or changes in circumstances that might
have had significant adverse effect on the fair value of those
investments.
Investments in affiliated companies accounted for by the
equity method amounted to ¥26,546 million ($255,250
thousand) and ¥24,806 million at December 31, 2004 and
2003, respectively. Canon’s share of the net earnings (losses)
in affiliated companies accounted for by the equity method,
included in other income (deductions), are earnings of ¥1,921
million ($18,471 thousand) for the year ended December 31,
2004 and losses of ¥1,124 million and ¥3,521 million for the
years ended December 31, 2003 and 2002, respectively.
Available-for-sale securities
Thousands of
Millions of yen U.S. dollars
Cost Fair Value Cost Fair Value
Due within one year ¥ 301 341 $ 2,895 3,279
Due after one year through five years 1,607 2,191 15,452 21,068
Due after five years 1,049 1,047 10,086 10,067
¥2,957 3,579 $ 28,433 34,414
Held-to-maturity securities
Thousands of
Millions of yen U.S. dollars
Cost Fair Value Cost Fair Value
Due after one year through five years ¥ 21,460 21,460 $ 206,346 206,346
(5) Trade Receivables
Trade receivables are summarized as follows:
December 31 Thousands of
Millions of yen U.S. dollars
2004 2003 2004
Notes ¥30,261 28,880 $290,971
Accounts 584,186 524,549 5,617,174
614,447 553,429 5,908,145
Less allowance for doubtful receivables (11,657) (14,423) (112,087)
¥602,790 539,006 $5,796,058
Maturities of debt securities and fund trust classified as
available-for-sale and held-to-maturity were as follows at
December 31, 2004: