JVC 2002 Annual Report Download - page 38

ANNUAL REPORT 2 0 0 23 6
(b) Available-for-sale securities
Millions of yen
Acquisition
cost Book value Difference
2002:
Securities with available fair
values exceeding acquisition
costs
Equity securities ¥ 5 ,9 4 1 ¥ 8 ,4 58 ¥ 2 ,5 1 7
Bonds 1 ,8 0 1 1 ,8 0 1 —
Total ¥ 7,74 2 ¥10,259 ¥2 ,5 1 7
Securities with available fair
values not exceeding
acquisition costs
Equity securities ¥ 4 ,3 1 0 ¥ 3 ,5 61 ¥ (7 4 9 )
Bonds 4 ,0 0 2 3 ,9 4 1 (6 1 )
Total ¥ 8,31 2 ¥ 7,5 0 2 ¥ (81 0 )
Total ¥16,054 ¥17,761 ¥1 ,7 0 7
Millions of yen
Acquisition
cost Book value Difference
2001:
Securities with available fair
values exceeding acquisition
costs
Equity securities ¥ 3,099 ¥ 5,456 ¥ 2,357
Bonds 3,296 3,307 11
Total ¥ 6,395 ¥ 8,763 ¥ 2,368
Securities with available fair
values not exceeding
acquisition costs
Equity securities ¥12,138 ¥10,530 ¥(1,608)
Bonds 7,300 7,207 (93)
Others 457 281 (176)
Total ¥19,895 ¥18,018 ¥(1,877)
Total ¥26,290 ¥26,781 ¥ 491
Thousands of U.S. dollars
Acquisition
cost Book value Difference
2 0 0 2 :
Securities with available fair
values exceeding
acquisition costs
Equity securities $ 44,669 $ 63,594 $18,925
Bonds 13,541 13,541 0
Total $ 58,221 $ 77,135 $18,925
Securities with available fair
values not exceeding
acquisition costs
Equity securities $ 3 2,40 6 $ 26 ,7 7 4 $ (5 ,6 3 2 )
Bonds 30,090 29,632 (458)
Total $ 6 2 ,4 96 $ 5 6 ,4 0 6 $ (6,0 9 0)
Total $120,707 $133,541 $12,835
The following tables summarize book values as of March 31, 2002
and 2001 of securities with no available fair values.
Thousands of
Millions of yen U.S. dollars
2 0 0 2 2001 2 0 0 2
Book value Book value Book value
Available-for-sale securities
Non-listed equity securities ¥2,196 ¥2,559 $ 1 6 ,5 1 1
Non-listed foreign
equity securities 22,502 1 5
Equity securities issued by
subsidiaries and
affiliated companies 2 ,0 4 0 3,01 5 15,339
Total ¥4,238 ¥8,076 $ 3 1 ,8 6 5
On the year ended March 31, 2002, the Company re-examined the
intent of holding securities and decided not to sell any securities
that were classified as trading securities in the prior year, until such
time as the Company shall find it appropriate to do so.
Those securities have been reclassified from trading securities to
available-for-sale securities.
As a result of the reclassification, at March 31, 2002, securities in
current assets decreased by ¥2,426 million ($18,241 thousand) and
investment securities increased by the same amount. Also, in the
period from the date of the classification change to the balance sheet
date, unrealized holding losses were incurred on these securities and
such unrealized losses, net of applicable income taxes, are reflected
in stockholders’ equity. As a result, unrealized loss from changes in
fair market values of trading securities and loss before income taxes
and minority interests in the consolidated statement of operations for
the year ended March 31, 2002 decreased by ¥230 million ($1,729
thousand) and net unrealized holding gains on securities in the
consolidated balance sheet as of that date decreased by ¥145 million
($1,090 thousand) compared with what would have been reported
if not for the reclassification of such securities.
Available-for-sale securities with maturities were as of March 31, 2002 and 2001:
Millions of yen
Over one year but Over five years but
Within one year within five years within ten years Over ten years Total
2002:
Bonds
Government bonds ¥ 1 ¥ — ¥ —¥ —¥ 1
Corporate bonds ——991 —991
Other bonds 2 ,8 0 1 ———2 ,8 0 1
Total ¥2 ,8 0 2 ¥ — ¥ 9 9 1 ¥ — ¥3,793