Casio 2012 Annual Report Download - page 35

12. Net Assets
Under the Japanese Corporation Law (“the Law”) and regulations, the entire amount paid for new shares
is required to be designated as capital stock. However, a company may, by a resolution of the Board of
Directors, designate an amount not exceeding one-half of the price of the new shares as additional paid-
in capital, which is included in capital surplus.
In cases where dividend distribution of surplus is made, the smaller of an amount equal to 10% of the
dividend or the excess, if any, of 25% of capital stock over the total of additional paid-in capital and legal
earnings reserve must be set aside as additional paid-in capital or legal earnings reserve. Legal earnings
reserve is included in retained earnings in the accompanying consolidated balance sheets.
Additional paid-in capital and legal earnings reserve may not be distributed as dividends. However,
all additional paid-in capital and all legal earnings reserve may be transferred to other capital surplus and
retained earnings, respectively, which are potentially available for dividends.
The maximum amount that the Company can distribute as dividends is calculated based on the non-
consolidated financial statements of the Company in accordance with the Law.
13. Lease Transactions
(1) Finance lease transactions which do not transfer the ownership of the leased property to
the lessee, and that were concluded prior to the first year for which the new accounting
standards were applied
The outstanding future lease payments and accumulated impairment loss on lease assets due at March
31, 2012 and 2011:
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Future lease payments:
Due within one year .................................................................. ¥ 50 ¥ 861 $ 610
Due over one year ..................................................................... 103 367 1,256
Total.......................................................................................... 153 1,228 1,866
Year-end balance of accumulated impairment loss on lease assets ... — 646 —
Total lease expenses (corresponding to reversal of accumulated impairment loss on lease assets, total
assumed depreciation cost, total assumed interest cost and impairment loss) as lessee for the years ended
march 31, 2012 and 2011:
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Total lease expenses ........................................................................ ¥599 ¥1,290 $7,305
Reversal of accumulated impairment loss on lease assets ................. 342 787 4,171
Total assumed depreciation cost ..................................................... 210 490 2,561
Total assumed interest cost ............................................................. 19 61 232
Impairment loss .............................................................................. —12 —
Assumed data as to acquisition cost, accumulated depreciation, accumulated impairment loss and net
book value of the lease assets under the finance lease contracts as lessee at March 31, 2012 and 2011:
Millions of Yen
2012
Acquisition cost
Accumulated
depreciation Net book value
Machinery, equipment and vehicles ............................................. ¥264 ¥159 ¥105
Tools, furniture and fixtures ......................................................... 90 81 9
Other ........................................................................................... 174 153 21
Total....................................................................................... ¥528 ¥393 ¥135
Thousands of U.S. Dollars
2012
Acquisition cost
Accumulated
depreciation Net book value
Machinery, equipment and vehicles ............................................. $3,219 $1,939 $1,280
Tools, furniture and fixtures ......................................................... 1,098 988 110
Other ........................................................................................... 2,122 1,866 256
Total....................................................................................... $6,439 $4,793 $1,646
Millions of Yen
2011
Acquisition cost
Accumulated
depreciation
Accumulated
impairment loss Net book value
Machinery, equipment and vehicles ..................... ¥4,631 ¥2,244 ¥2,011 ¥376
Tools, furniture and fixtures ................................. 393 322 5 66
Other ................................................................... 311 243 — 68
Total............................................................... ¥5,335 ¥2,809 ¥2,016 ¥510
(2) Operating leases
The outstanding future noncancellable lease payments due at March 31, 2012 and 2011:
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Future lease payments:
Due within one year .................................................................. ¥ 63 ¥ 57 $ 768
Due over one year ..................................................................... 321 72 3,915
Total.......................................................................................... ¥384 ¥129 $4,683
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CASIO Annual Report 2012
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