Canon 2012 Annual Report Download - page 65

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 63
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
2012 2011
Millions of yen
Thousands of
U.S. dollars
2012
¥ 272,233
1,447,838
1,586,827
112,919
3,419,817
(2,159,453)
¥ 1,260,364
¥ 268,493
1,367,187
1,499,331
94,507
3,229,518
(2,038,682)
¥ 1,190,836
$ 3,129,115
16,641,816
18,239,391
1,297,919
39,308,241
(24,821,298)
$ 14,486,943
December 31
Depreciation expense for the years ended December 31,
2012, 2011 and 2010 was ¥211,973 million ($2,436,471 thou-
sand), ¥210,179 million and ¥232,327 million, respectively.
Amounts due for purchases of property, plant and
equipment were ¥38,893 million ($447,046 thousand) and
¥47,690 million at December 31, 2012 and 2011, respectively,
and are included in other current liabilities in the accompa-
nying consolidated balance sheets. Fixed assets presented in
the consolidated statements of cash flows include property,
plant and equipment and intangible assets.
Total minimum lease payments receivable
Unguaranteed residual values
Executory costs
Unearned income
Less allowance for credit losses
Less current portion
2012 2011
Millions of yen
Thousands of
U.S. dollars
2012
¥ 231,221
8,863
(2,598)
(27,521)
209,965
(6,908)
203,057
(74,168)
¥ 128,889
¥ 204,326
8,195
(2,275)
(24,955)
185,291
(7,039)
178,252
(66,337)
¥ 111,915
$ 2,657,713
101,873
(29,862)
(316,333)
2,413,391
(79,402)
2,333,989
(852,506)
$ 1,481,483
December 31
Balance at beginning of year
Charge-offs
Provision
Other
Balance at end of year
¥ 7,983
(1,937)
2,052
(1,059)
¥ 7,039
¥ 7,039
(1,304)
1,922
(749)
¥ 6,908
$ 80,908
(14,989)
22,092
(8,609)
$ 79,402
Years ended December 31
7. FINANCE RECEIVABLES AND OPERATING LEASES
Finance receivables represent financing leases which consist
of sales-type leases and direct-financing leases resulting from
the sales of Canon’s and complementary third-party products
primarily in foreign countries. These receivables typically
have terms ranging from 1 year to 8 years.
The activity in the allowance for credit losses is as follows:
2012 2011
Millions of yen
Thousands of
U.S. dollars
2012
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: