Canon 2007 Annual Report Download - page 76

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74
Gross Gross
unrealized unrealized
holding holding
Thousands of U.S. dollars Cost gains losses Fair value
2007: Current:
Available-for-sale:
Bank debt securities $ 447 $ — $ — $ 447
Held-to-maturity:
Corporate debt securities 88,728 — — 88,728
$ 89,175 $ — $ — $ 89,175
Noncurrent:
Available-for-sale:
Government bonds $ 4,351 $ — $ 220 $ 4,131
Corporate debt securities 27,921 272 430 27,763
Fund trusts 31,342 10,158 26 41,474
Equity securities 111,105 89,763 5,113 195,755
$174,719 $100,193 $5,789 $269,123
Available-for-sale securities
Thousands of
Millions of yen U.S. dollars
Cost Fair value Cost Fair value
Due within one year ¥ 51 ¥ 51 $ 447 $ 447
Due after one year through five years 3,430 3,638 30,088 31,912
Due after five years 3,822 4,726 33,526 41,456
¥7,303 ¥8,415 $64,061 $73,815
Held-to-maturity securities
Thousands of
Millions of yen U.S. dollars
Cost Fair value Cost Fair value
Due within one year ¥10,115 ¥10,115 $88,728 $88,728
Maturities of debt securities and fund trusts classified as
available-for-sale and held-to-maturity were as follows at
December 31, 2007:
The gross realized gains for the year ended December 31,
2007, 2006 and 2005 were ¥1,512 million ($13,263 thousand),
¥674 million and ¥11,049 million, respectively. The gross
realized losses for the years ended December 31, 2007, 2006
and 2005 were not significant.
At December 31, 2007, 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 ¥14,017 million
($122,956 thousand) and ¥18,462 million at December 31,
2007 and 2006, respectively. Investments with an aggregate cost
of ¥12,929 million ($113,412 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 investments and (b) Canon did not identify
any events or changes in circumstances that might have had
significant adverse effects on the fair value of those investments.
Investments in affiliated companies accounted for by the
equity method amounted to ¥42,817 million ($375,588
thousand) and ¥40,143 million at December 31, 2007 and
2006, 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 ¥5,634
million ($49,421 thousand), ¥4,237 million and ¥1,646 million
for the years ended December 31, 2007, 2006 and 2005,
respectively.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
CANON INC. AND SUBSIDIARIES