Canon 2007 Annual Report Download - page 77

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75
Trade receivables are summarized as follows:
5. Trade Receivables
December 31 Thousands of
Millions of yen U.S. dollars
2007 2006 2007
Notes ¥ 23,632 ¥ 24,241 $ 207,298
Accounts 785,155 751,555 6,887,325
808,787 775,796 7,094,623
Less allowance for doubtful receivables (14,547) (13,849) (127,605)
¥794,240 ¥761,947 $6,967,018
6. Inventories
Inventories are summarized as follows:
December 31 Thousands of
Millions of yen U.S. dollars
2007 2006 2007
Finished goods ¥366,845 ¥359,471 $3,217,939
Work in process 175,704 160,231 1,541,263
Raw materials 20,925 19,355 183,552
¥563,474 ¥539,057 $4,942,754
Depreciation expense for the years ended December 31,
2007, 2006 and 2005 was ¥309,815 million ($2,717,676 thou-
sand), ¥235,804 million and ¥205,727 million, respectively.
Amounts due for purchases of property, plant and equipment
were ¥120,823 million ($1,059,851 thousand) and ¥122,081
million at December 31, 2007 and 2006, respectively, and are
included in other current liabilities in the accompanying
consolidated balance sheets.
7. Property, Plant and Equipment
Property, plant and equipment are stated at cost less
accumulated depreciation and are summarized as follows:
December 31 Thousands of
Millions of yen U.S. dollars
2007 2006 2007
Land ¥ 249,959 ¥ 231,026 $ 2,192,623
Buildings 1,198,519 1,077,585 10,513,324
Machinery and equipment 1,406,849 1,261,176 12,340,781
Construction in progress 103,749 79,582 910,079
2,959,076 2,649,369 25,956,807
Less accumulated depreciation (1,594,374) (1,382,944) (13,985,737)
¥ 1,364,702 ¥ 1,266,425 $ 11,971,070