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66 Seiko Epson Corporation
The composition of the assets acquired and liabilities assumed by the acquisition of YSC in the year ended
March 31, 2007 was as follows:
Thousands of
Millions of yen U.S. dollars
Year ended Year ended
March 31, March 31,
2007 2007
Current assets ¥8,554 $ 72,461
Fixed assets 1,521 12,885
Current liabilities (1,401) (11,868)
Long-term liabilities (1,161) (9,835)
Goodwill 1,937 16,408
Consideration for acquisition ¥9,450 $ 80,051
The business combination is not expected to have a material effect on the consolidated statements of income
for the year ended March 31, 2007, assuming the combination is completed on the first day of the year, and the
effect is not audited.
5. Notes receivable and notes payable maturing at fiscal year-end
Notes receivable and notes payable are settled on the date of clearance. As March 31, 2007 was a bank holiday,
notes receivable and notes payable maturing on that date could not be settled and were included in the ending
balance of notes and accounts receivable, trade account and notes and accounts payable, trade account as follows:
Thousands of
Millions of yen U.S. dollars
Notes receivable ¥272 $2,304
Notes payable 463 3,922
6. Inventories
Losses recognized and charged to cost of sales as a result of valuation at the lower of cost or market value at
March 31, 2006 and 2007 were ¥14,383 million and ¥13,960 million ($118,255 thousand), respectively.
7. Investments in debt and equity securities
Epson classifies all investments in debt and equity securities in either held-to-maturity debt securities or other
securities.
The aggregate cost and market value (carrying value) of other securities with market values, which were
included in investment securities account at March 31, 2006 and 2007, were as follows:
Millions of yen
March 31, 2006
Gross unrealized
Market value
Cost Gains Losses (carrying value)
Equity securities ¥11,044 ¥16,726 ¥(22) ¥27,748
Debt securities 53 1 (—) 54
Other 222 — (—) 222
Total ¥11,319 ¥16,727 ¥(22) ¥28,024