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31
Annual Report 2010
4. Cash and Cash Equivalents
(1) Cash and cash equivalents at March 31, 2010 and 2009 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Cash and deposits .............................................................................................. ¥ 52,756 ¥ 32,982 $ 567,269
Time deposits over three months ....................................................................... (1,048) (1,712) (11,269)
Marketable securities within three months ......................................................... 50,408 62,839 542,022
Short-term loans receivable with resale agreement ............................................. 11,668 10,139 125,462
Cash and cash equivalents ................................................................................. ¥113,784 ¥104,248 $1,223,484
(2) Breakdown of decrease in assets and liabilities resulting from transfer of business in the previous year
Details are provided below of changes in assets and liabilities as a result of the transfer during the year ended March 31, 2009 to
Hitachi Cable, Ltd. of the Film Device Business of Casio Micronics Co., Ltd., a consolidated subsidiary, and of the transfer amount
and the proceeds from the transfer.
Millions of Yen
2009
Current assets ......................................................................................................................................................... ¥1,369
Noncurrent assets ................................................................................................................................................... 5,260
Current liabilities ..................................................................................................................................................... (443)
Noncurrent liabilities ............................................................................................................................................... (198)
Compensation for share transfer ............................................................................................................................. ¥5,988
Cash and cash equivalents ...................................................................................................................................... (0)
Proceeds from transfer of business .......................................................................................................................... ¥5,988
(3) Significant non-cash transactions
The values of assets and obligations relating to finance lease transactions newly stated for the reporting fiscal year amounted to
¥4,552 million ($48,946 thousand) and ¥4,699 million ($50,527 thousand), respectively. The figures for the previous year were
¥7,040 million and ¥7,334 million, respectively.
5. Inventories
Inventories at March 31, 2010 and 2009 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Finished goods ................................................................................................... ¥32,794 ¥33,100 $352,624
Work in process ................................................................................................. 5,700 4,612 61,290
Raw materials and supplies ................................................................................ 12,128 13,572 130,409
Total ............................................................................................................. ¥50,622 ¥51,284 $544,323
6. Fair Value of Financial Instruments
Effective from the year ended March 31, 2010, the Company adopted Accounting Standards Board of Japan (“ASBJ”) Statement
No. 10, “Accounting Standard for Financial Instruments” and ASBJ Guidance No. 19, “Guidance on Disclosures about Fair Value of
Financial Instruments” both revised by ASBJ on March 10, 2008. Information on financial instruments for the year ended March 31,
2010 required pursuant to the revised accounting standards is as follows:
(1) Qualitative information on financial instruments
1) Policies for using financial instruments
The Group invests surplus funds in highly secure financial assets, and funds required for working capital and capital investments
are raised through the issuance of bonds or loans from financial institutions such as banks. Derivatives are used to avoid the risks
described hereinafter and no speculative transactions are entered.