Casio 2016 Annual Report Download - page 39

Annual Report 2016 / 4638
CONTENTS
To Our Stakeholders Prole Special Features ESG Information Financial Section Corporate Data
11. 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 legal capital surplus,
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 legal capital surplus and legal retained
earnings must be set aside as legal capital surplus or legal retained earnings. Legal retained earnings is
included in retained earnings in the accompanying consolidated balance sheets.
Legal capital surplus and legal retained earnings may not be distributed as dividends. However, all legal
capital surplus and all legal retained earnings 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
nonconsolidated financial statements of the Company in accordance with the Law.
12. 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 year that began on April 1, 2008 for which the new
accounting standards were applied
The assumed outstanding future lease payments as of March 31, 2016 and 2015:
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2016 2015 2016
Future lease payments:
Due within one year ............................................................... ¥12 ¥14 $106
Due over one year ................................................................. 33 55 292
Total........................................................................................... ¥45 ¥69 $398
Total lease expenses, total assumed depreciation cost and total assumed interest cost as lessee for the
years ended March 31, 2016 and 2015:
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2016 2015 2016
Total lease expenses ................................................................... ¥15 ¥18 $133
Total assumed depreciation cost ................................................. 11 13 97
Total assumed interest cost......................................................... 2 3 18
Assumed data as to acquisition cost, accumulated depreciation and net book value of the leased assets
under the finance lease contracts as lessee as of March 31, 2016 and 2015:
Millions of Yen
2016
Acquisition
cost
Accumulated
depreciation
Net book
value
Machinery, equipment and vehicles ................................................. ¥155 ¥119 ¥36
Total ......................................................................................... ¥155 ¥119 ¥36
Thousands of U.S. Dollars (Note 1)
2016
Acquisition
cost
Accumulated
depreciation
Net book
value
Machinery, equipment and vehicles ................................................. $1,372 $1,053 $319
Total ......................................................................................... $1,372 $1,053 $319
Millions of Yen
2015
Acquisition
cost
Accumulated
depreciation
Net book
value
Machinery, equipment and vehicles ................................................. ¥192 ¥136 ¥56
Total ......................................................................................... ¥192 ¥136 ¥56
(Notes): 1. In calculating assumed depreciation cost, the leased assets are depreciated on a straight-line basis on the assumption that the lease term is
the useful life and residual value is zero.
2. In calculating the assumed interest cost, the diffence between the total lease amount and the assumed acquisition cost is taken as the
assumed interest cost. The method of distribution over each period depends on the interest method.
Notes to Consolidated Financial Statements