Epson 2015 Annual Report Download - page 83

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82
17. Investment Property
(1) Schedule of Investment Property
The schedule of the carrying amount of “Investment property” was as follows:
(2) Fair Value
The carrying amount and the fair value of “Investment property” were as follows:
Millions of yen
Thousands of
U.S. dollars
March 31, 2014
March 31, 2015
March 31, 2015
Carrying
Amount
Fair Value
Carrying
Amount
Fair Value
Carrying
Amount
Fair Value
Investment property 10,273 11,236 4,758
4,380
39,593
36,448
The fair value of investment property is determined on the basis of a valuation conducted by an external real estate
appraiser. The valuation is made in accordance with the income approach using Level 3 inputs which include the
future cash flow.
Millions of yen
Thousands of
U.S. dollars
Year ended
March 31,
Year ended
March 31,
2014
2015
2015
Balance at the beginning of the year
11,583
10,273
85,487
Expenditure after acquisition
41
459
3,819
Transfer from(to) property, plant and equipment
(0)
3,286
27,353
Depreciation expense
(336)
(170)
(1,414)
Impairment losses
(726)
(126)
(1,048)
Sale or disposal
(288)
(8,972)
(74,653)
Exchange differences on translation of foreign operations
-
6
49
Balance at the end of the year
10,273
4,758
39,593
Breakdown of “Balance at the beginning of the year”
Cost
18,065
11,491
95,614
Accumulated depreciation and accumulated impairment
losses
(6,481) (1,217) (10,127)
Total
11,583
10,273
85,487
Breakdown of “Balance at the end of the year”
Cost
11,491
11,595
96,487
Accumulated depreciation and accumulated impairment
losses
(1,217) (6,837) (56,894)
Total
10,273
4,758
39,593