Casio 2012 Annual Report Download - page 38

(6) Information on amortization of goodwill and unamortized balance in each reportable
segment
Millions of Yen
For 2012 Consumer
System
equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of
the reporting year.............................. ¥187 ¥60 ¥— ¥— ¥247
Negative goodwill
Amortization for the reporting year ..... 115 — 0 — 115
Balance at the end of
the reporting year.............................. 57 — 1 — 58
Thousands of U.S. Dollars
For 2012 Consumer
System
equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of
the reporting year.............................. $2,280 $732 $— $— $3,012
Negative goodwill
Amortization for the reporting year ..... 1,402 — 0 — 1,402
Balance at the end of
the reporting year.............................. 695 — 12 — 707
Millions of Yen
For 2011 Consumer
System
equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of
the reporting year.............................. ¥303 ¥84 ¥— ¥— ¥387
Negative goodwill
Amortization for the reporting year ..... 115 — 0 — 115
Balance at the end of
the reporting year.............................. 171 — 1 — 172
15. Commitments and Contingent Liabilities
At March 31, 2012 and 2011, the Group was contingently liable for trade notes and export drafts dis-
counted with banks in the amount of ¥1,455 million ($17,744 thousand) and ¥1,673 million, respectively.
16. Stock Option
By special resolution at the 48th annual shareholders’ meeting held on June 29, 2004, the Company
introduced a stock option plan in accordance with Article 280-20, 21 of the Commercial Code in Japan,
and granted stock purchase rights at advantageous terms to employees of the Company and directors of
affiliates, as of June 29, 2004.
The stock purchase rights could be exercised at a price of ¥1,575 ($19.21) per share in the period from
July 1, 2006 to June 30, 2011, and a total of 141.1 thousand shares of common stock could be issued by
the exercise of these rights. The stock purchase rights for those 141.1 thousand shares that had not been
exercised expired on June 30, 2011.
17. Impairment Loss
For 2012:
The Company and its consolidated subsidiaries post impairment loss.
Use Type of assets Location
Business assets Machinery, equipment and vehicles, tools,
furniture and fixtures, software, etc.
Hamura City, Tokyo, and others
Idle assets Land, buildings and structures, etc. Chuo City, Yamanashi Pref., and others
With respect to business assets, the Company and its consolidated subsidiaries carry out asset
grouping principally according to its management accounting categories, which are employed to enable
continuous monitoring of the Group’s earnings situation. Idle assets are managed on an individual basis.
The Company and its consolidated subsidiaries have applied impairment accounting to business assets
whose values are deemed to have significantly declined due to deteriorating business environment and
idle assets to make optimal use of these assets in the future. Book value of these assets has been reduced
to recoverable amounts and the reduced amounts (¥1,348 million [$16,439 thousand]) are recognized as
“loss on disaster,” “loss on liquidation of subsidiaries and affiliates,” and “impairment loss.”
The breakdown of the losses is: ¥297 million ($3,622 thousand) for buildings and structures, ¥58
million ($707 thousand) for machinery, equipment and vehicles, ¥359 million ($4,378 thousand) for tools,
furniture and fixtures, ¥515 million ($6,281 thousand) for land, ¥67 million ($817 thousand) for software,
and ¥52 million ($634 thousand) for others.
Recoverable amounts are estimated using net selling prices which are reasonably estimated.
Recoverable amounts for land are calculated based on roadside land prices, etc. and those for other assets
are based on estimated disposal values.
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CASIO Annual Report 2012
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