Canon 2010 Annual Report Download - page 104
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Please find page 104 of the 2010 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.CANON ANNUAL REPORT 2010102
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
CANON INC. AND SUBSIDIARIES
During the year ended December 31, 2010, the Company executed
three separate share exchanges under which the Company made
its three listed subsidiaries, Canon Finetech Inc., Canon Machinery
Inc. and Tokki Corporation, its wholly owned subsidiaries. The
Company issued no new shares, as it issued 10,000,853 shares of
treasury stock for these transactions in total.
23. Supplemental Cash Flow Information
As a result of the share exchanges, the carrying amount of
the Company’s noncontrolling interest in Canon Finetech Inc.,
Canon Machinery Inc. and Tokki Corporation was decreased
from ¥38,644 million to zero.
During the year ended December 31, 2009, long-lived assets
held and used with a carrying amount of ¥15,390 million were
written down to their fair value of zero, resulting in an impair-
ment charge of ¥15,390 million, and non-marketable equity
securities with a carrying amount of ¥1,468 million were written
down to their fair value of ¥480 million, resulting in an
other-than-temporary impairment charge of ¥988 million, which
was included in earnings. Both the long-lived assets and the
non-marketable equity securities were classifi ed as Level 3
instruments and valued based on an income approach using
unobservable inputs such as estimate of future cash fl ows.
Canon operates its business in three segments: the Offi ce
Business Unit, the Consumer Business Unit, and the Industry
and Others Business Unit, which are based on the organization-
al structure and information reviewed by Canon’s management
to evaluate results and allocate resources.
The primary products included in each segment are as follows:
Offi ce Business Unit:
Offi ce network digital MFDs / Color network digital MFDs /
Personal-use network digital MFDs / Offi ce copying machines
/ Full-color copying machines / Personal-use copying
machines / Laser printers / Large format inkjet printers /
Digital production printers
24. Segment Information
Consumer Business Unit:
Digital SLR cameras / Compact digital cameras /
Interchangeable lenses / Digital video camcorders / Inkjet
multifunction peripherals / Single function inkjet printers /
Image scanners / Broadcasting equipment
Industry and Others Business Unit:
Semiconductor lithography equipment / LCD lithography
equipment / Medical image recording equipment /
Ophthalmic products / Magnetic heads / Micromotors /
Computers / Handy terminals / Document scanners /
Calculators
The accounting policies of the segments are substantially the
same as those described in the signifi cant accounting policies
in Note 1. Canon evaluates performance of, and allocates
resources to, each segment based on operating profi t.