Casio 2014 Annual Report Download - page 39

(6) Information on amortization of goodwill and unamortized balance in each reportable segment
Millions of Yen
For 2014 Consumer
System
equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of the
reporting year ¥— ¥12 ¥— ¥— ¥12
Thousands of U.S. Dollars
For 2014 Consumer
System
equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of the
reporting year $— $117 $— $— $117
Millions of Yen
For 2013 Consumer
System
equipment Others
Elimination or
unallocated
amount Total
Goodwill
Balance at the end of the
reporting year ¥103 ¥36 ¥— ¥— ¥139
Negative goodwill
Amortization for the reporting year 57 — 1 — 58
Balance at the end of the
reporting year — — — — —
(Note): Disclosure of the amount of goodwill amortization has been omitted as it is disclosed in the segment information above.
14. Contingent Liabilities
At March 31, 2014 and 2013, the Group was contingently liable for trade notes and export drafts dis-
counted with banks in the amount of ¥2,062 million ($20,019 thousand) and ¥1,770 million, respectively.
15. Impairment Loss
For 2014:
The Group posts impairment loss.
Use Type of assets Location
Business assets Tools, furniture and fixtures, software,
leased assets, etc.
Hachioji City, Tokyo, and others
Idle assets Land and buildings Minami Alps City, Yamanashi Pref., and others
With respect to business assets, the Group carries out asset grouping principally according to its man-
agement accounting categories, which are employed to enable continuous monitoring of the Group’s earn-
ings situation. Idle assets are managed on an individual basis.
The Group has 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 ¥448 million ($4,350 thousand) are recognized as“impairment loss.”
The breakdown of the losses is: ¥104 million ($1,010 thousand) for tools, furniture and fixtures, ¥33
million ($321 thousand) for land, ¥102 million ($990 thousand) for leased assets, ¥185 million ($1,796
thousand) for software and ¥24 million ($233 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 assets other than land are
based on estimated disposal values.
For 2013:
The Group posts impairment loss.
Use Type of assets Location
Business assets Tools, furniture and fixtures, etc. Hachioji City, Tokyo, and others
Idle assets Land Yufu City, Oita Pref., and others
With respect to business assets, the Group carries out asset grouping principally according to its man-
agement accounting categories, which are employed to enable continuous monitoring of the Group’s earn-
ings situation. Idle assets are managed on an individual basis.
The Group has 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 ¥647 million are recognized as “impairment loss.”
The breakdown of the losses is: ¥239 million for tools, furniture and fixtures, ¥326 million for land,and
¥82 million for others.
Recoverable amounts are estimated using net selling prices which are reasonably estimated. Recoverable
amounts for land are calculated based on property tax valuation or roadside land prices and those for assets
other than land are based on estimated disposal values.
16. Subsequent Events
Appropriation of retained earnings
At the annual shareholders’ meeting held on June 27, 2014, the Company’s shareholders approved the
payment of a cash dividend of ¥15.00 ($0.15) per share aggregating ¥4,033 million ($39,155 thousand) to
registered shareholders as of March 31, 2014.
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance
PAGE 38
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