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Strategy FINANCIAL SECTION
64 Corporate DataBusiness Segment Corporate Structure
Aggregate amortization expense for the years ended
December 31, 2013, 2012 and 2011 was ¥52,015 million
($495,381 thousand), ¥46,160 million and ¥51,164 million,
respectively. Estimated amortization expense for intangible
assets currently held for the next five years ending December
31 is ¥46,573 million ($443,552 thousand) in 2014, ¥31,898
million ($303,790 thousand) in 2015, ¥21,241 million
($202,295 thousand) in 2016, ¥12,464 million ($118,705 thou-
sand) in 2017, and ¥7,371 million ($70,200 thousand) in 2018.
Intangible assets not subject to amortization other than
goodwill at December 31, 2013 and 2012 were not significant.
For management reporting purposes, goodwill is not allo-
cated to the segments. Goodwill has been allocated to its
respective segment for impairment testing.
The changes in the carrying amount of goodwill by segment, which is included in other assets in the consolidated balance
sheets, for the years ended December 31, 2013 and 2012 were as follows:
Years ended December 31
Millions of yen Office
Imaging
System
Industry and
Others Total
2013: Balance at beginning of year ¥ 111,348 ¥ 12,674 ¥ 6,821 ¥ 130,843
Goodwill acquired during the year 4,083 — — 4,083
Translation adjustments and other 23,981 1,203 1,530 26,714
Balance at end of year ¥ 139,412 ¥ 13,877 ¥ 8,351 ¥ 161,640
Millions of yen Office
Imaging
System
Industry and
Others Total
2012: Balance at beginning of year ¥ 102,060 ¥ 12,088 ¥ 4,873 ¥ 119,021
Goodwill acquired during the year — — 961 961
Translation adjustments and other 9,288 586 987 10,861
Balance at end of year ¥ 111,348 ¥ 12,674 ¥ 6,821 ¥ 130,843
Thousands of U.S. dollars Office
Imaging
System
Industry and
Others Total
2013: Balance at beginning of year $ 1,060,457 $ 120,705 $ 64,962 $ 1,246,124
Goodwill acquired during the year 38,886 — — 38,886
Translation adjustments and other 228,390 11,457 14,572 254,419
Balance at end of year $ 1,327,733 $ 132,162 $ 79,534 $ 1,539,429
9. SHORT-TERM LOANS AND LONG-TERM DEBT
Short-term loans consisting of bank borrowings at December 31, 2013 and 2012 were ¥54 million ($514 thousand) and ¥319
million, respectively. The weighted average interest rates on short-term loans outstanding at December 31, 2013 and 2012 were
3.75% and 4.00%, respectively.
Long-term debt consisted of the following:
December 31
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
Loans, principally from banks, maturing in installments through
2024; bearing weighted average interest of 1.15% and 1.94% at
December 31, 2013 and 2012, respectively ¥ 211 ¥ 132 $ 2,010
Capital lease obligations 2,482 3,532 23,637
2,693 3,664 25,647
Less current portion (1,245) (1,547) (11,857)
¥ 1,448 ¥ 2,117 $ 13,790