Canon 2005 Annual Report Download - page 69

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67
(6) Inventories
Inventories comprised the following:
December 31 Thousands of
Millions of yen U.S. dollars
2005 2004 2005
Finished goods ¥359,934 352,656 $3,050,288
Work in process 132,520 121,613 1,123,051
Raw materials 17,741 14,859 150,347
¥510,195 489,128 $4,323,686
(7) Property, Plant and Equipment
Property, plant and equipment are stated at cost less accumu-
lated depreciation and are summarized as follows:
December 31 Thousands of
Millions of yen U.S. dollars
2005 2004 2005
Land ¥199,595 182,330 $ 1,691,483
Buildings 997,351 824,969 8,452,127
Machinery and equipment 1,164,480 1,053,121 9,868,474
Construction in progress 59,558 74,599 504,729
2,420,984 2,135,019 20,516,813
Less accumulated depreciation (1,272,163) (1,173,305) (10,781,042)
¥1,148,821 961,714 $ 9,735,771
(8) Finance Receivables and Operating Leases
Finance receivables represent financing leases which consist of
sales-type leases and direct-financing leases resulting from the
marketing of Canon’s and complementary third-party prod-
ucts. These receivables typically have terms ranging from 1 to 6
years. The components of the finance receivables, which are
included in prepaid expenses and other current assets, and
other assets in the accompanying consolidated balance sheets,
are as follows:
December 31 Thousands of
Millions of yen U.S. dollars
2005 2004 2005
Total minimum lease payments receivable ¥204,774 180,707 $1,735,373
Unguaranteed residual values 13,849 10,816 117,364
Executory costs (2,785) (2,533) (23,602)
Unearned income (23,632) (20,880) (200,271)
192,206 168,110 1,628,864
Less allowance for doubtful receivables (8,372) (6,068) (70,949)
183,834 162,042 1,557,915
Less amount due within one year (69,211) (61,187) (586,534)
¥114,623 100,855 $ 971,381