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CANON ANNUAL REPORT 2015 59
STRATEGY BUSINESS SEGMENT CORPORATE STRUCTURE FINANCIAL SECTION CORPORATE DATA
3. TRADE RECEIVABLES
Trade receivables are summarized as follows:
December 31 Millions of yen
2015 2014
Notes ¥ 17,614 ¥ 18,476
Accounts 582,464 619,321
600,078 637,797
Less allowance for doubtful receivables (12,077) (12,122)
¥ 588,001 ¥ 625,675
4. INVENTORIES
Inventories are summarized as follows:
December 31 Millions of yen
2015 2014
Finished goods ¥ 357,115 ¥ 363,685
Work in process 130,258 144,394
Raw materials 14,522 20,088
¥ 501,895 ¥ 528,167
investments in the accompanying consolidated balance sheets.
Aggregate cost of non-marketable equity securities accounted
for under the cost method totaled ¥2,570 million and ¥1,164 mil-
lion at December 31, 2015 and 2014, respectively. These invest-
ments were not evaluated for impairment at December 31, 2015
and 2014, respectively, because (a) Canon did not estimate the
fair value of those investments as it was not practicable to esti-
mate the fair value of the investments and (b) Canon did not iden-
tify any events or changes in circumstances that might have had
significant adverse effects on the fair value of those investments.
Investments in affiliated companies accounted for by the equity
method amounted to ¥20,415 million and ¥20,863 million at
December 31, 2015 and 2014, respectively. Canon’s share of
the net earnings (losses) in affiliated companies accounted for by
the equity method, included in other income (deductions), were
earnings of ¥447 million and ¥478 million for the years ended
December 31, 2015 and 2014, respectively, and losses of ¥664
million for the year ended December 31, 2013.
5. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment are stated at cost less accumulated depreciation and are summarized as follows:
December 31 Millions of yen
2015 2014
Land ¥ 282,786 ¥ 286,336
Buildings 1,632,604 1,609,667
Machinery and equipment 1,813,116 1,822,026
Construction in progress 61,952 70,759
3,790,458 3,788,788
Less accumulated depreciation (2,570,806) (2,519,259)
¥ 1,219,652 ¥ 1,269,529
Depreciation expenses for the years ended December 31,
2015, 2014 and 2013 were ¥223,759 million, ¥213,739 mil-
lion and ¥223,158 million, respectively.
Amounts due for purchases of property, plant and equip-
ment were ¥30,789 million and ¥40,483 million at December
31, 2015 and 2014, respectively, and are included in other