Fujitsu 2014 Annual Report Download - page 133

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At March 31, 2014, the Group had committed facility contracts with banks aggregating ¥197,700 million ($1,919,417 thousand)
and all of it was unused.
Assets pledged as collateral for short-term borrowings and long-term debt at March 31, 2013 and 2014 are principally presented below:
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2013 2014 2014
Property, plant and equipment, net ¥2,484 ¥2,429 $23,583
As is customary in Japan, substantially all loans from banks (including short-term loans) are made under bank transaction agree-
ments which stipulate that, at the request of the banks, the borrower is required to provide collateral or guarantors (or additional col-
lateral or guarantors, as appropriate) with respect to such loans, and that all assets pledged as collateral under such agreements will be
applicable to all present and future indebtedness to the banks concerned. These bank transaction agreements further stipulate that the
banks have the right to offset deposits at the banks against indebtedness which matures or becomes due prematurely by default owed
to the banks.
7. Supplementary Information to the Consolidated Income Statements
The amounts of write-downs of inventories recognized within “Cost of sales” for the years ended March 31, 2013 and 2014 were ¥20,578
million and ¥33,472 million ($324,971 thousand), respectively. The provision for construction contract losses charged to “Cost of sales”
for the same periods were ¥4,759 million and ¥14,166 million ($137,534 thousand), respectively.
Major items that comprise “Selling, general and administrative expenses” are salaries and research and development expenses. The
salaries for the years ended March 31, 2013 and 2014 were ¥316,284 million and ¥327,817 million ($3,182,689 thousand), respec-
tively. The research and development expenses for the same periods were ¥231,052 million and ¥221,389 million ($2,149,408 thou-
sand), respectively.
“Other, net” of “Other income (expenses)” for the years ended March 31, 2013 and 2014 consists of the following:
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2013 2014 2014
Foreign exchange gains, net ¥ 8,299 ¥ 4,101 $ 39,816
Gain on sales of investment securities — 6,847 66,476
Gain on sales of property, plant and equipment and intangible assets — 4,726 45,883
Gain on negative goodwill 199 — —
Restructuring charges (116,221) (31,176) (302,680)
Loss on reversal of foreign currency translation adjustments — (21,651) (210,204)
Impairment loss (34,285) (6,482) (62,932)
Loss on disposal of property, plant and equipment and intangible assets (1,981) (3,581) (34,767)
Environmental measures expenses (13) (2,683) (26,049)
Loss on changes in retirement benefit plan (245) — —
Other, net (77) (4,991) (48,456)
Total ¥(144,324) ¥(54,890) $(532,913)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
131
FUJITSU LIMITED ANNUAL REPORT 2014
MANAGEMENT FACTS & FIGURESRESPONSIBILITYPERFORMANCE