Canon 2011 Annual Report Download - page 69

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Strategy Business Units Management System FINANCIAL SECTION
67
!37 !101
FINANCIAL SECTION
4. TRADE RECEIVABLES
Trade receivables are summarized as follows:
Notes
Accounts
Less allowance for doubtful receivables
2011 2010
Millions of yen
Thousands of
U.S. dollars
2011
¥
16,739
528,032
544,771
(11,563)
¥
533,208
¥15,441
556,983
572,424
(14,920)
¥557,504
$ 214,603
6,769,641
6,984,244
(148,244)
$6,836,000
December 31
5. INVENTORIES
Inventories are summarized as follows:
Finished goods
Work in process
Raw materials
2011 2010
Millions of yen
Thousands of
U.S. dollars
2011
¥
291,023
166,076
19,605
¥
476,704
¥232,584
116,679
35,514
¥384,777
$3,731,064
2,129,180
251,346
$6,111,590
December 31
6. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment are stated at cost less accumulated depreciation and are summarized as follows:
Land
Buildings
Machinery and equipment
Construction in progress
Less accumulated depreciation
2011 2010
Millions of yen
Thousands of
U.S. dollars
2011
¥
268,493
1,367,187
1,499,331
94,507
3,229,518
(2,038,682)
¥
1,190,836
¥266,631
1,320,121
1,439,246
85,673
3,111,671
(1,909,703)
¥1,201,968
$ 3,442,218
17,528,038
19,222,192
1,211,629
41,404,077
(26,136,949)
$15,267,128
December 31
Depreciation expense for the years ended December 31,
2011, 2010 and 2009 was ¥210,179 million ($2,694,602 thou-
sand), ¥232,327 million and ¥277,399 million, respectively.
Amounts due for purchases of property, plant and equip-
ment were ¥47,690 million ($611,410 thousand) and
¥23,306 million at December 31, 2011 and 2010, respec-
tively, and are included in other current liabilities in the
accompanying consolidated balance sheets. Fixed assets pre-
sented in the consolidated statements of cash flows include
property, plant and equipment and intangible assets.
As a result of continued sluggish demand in the semicon-
ductor manufacturing industry and diminished
profitability of the semiconductor lithography equipment
business, Canon recognized impairment losses related pri-
marily to property, plant and equipment of its
semiconductor lithography equipment business, which are
included in the results of the Industry and Others Business
Unit for the year ended December 31, 2009. Long-lived
assets with a carrying amount of ¥15,390 million were writ-
ten down to their fair value of zero, which was estimated
using discounted future cash flows expected to be gener-
ated over their remaining useful life. The impairment losses
were included in selling, general and administrative
expenses in the consolidated statement of income.