JVC 2002 Annual Report Download - page 42

ANNUAL REPORT 2 0 0 24 0
The assumed amounts of acquisition cost and depreciation under non-
capitalized finance leases for the year ended March 31, 2002 are
calculated excluding the assumed interest charges due to the increase
in 2002 in the ratio of future minimum lease payments under non-
capitalized finance leases over the total amount of the future minimum
lease payments and property, plant and equipment as of March 31,
2002, whereas the assumed amounts of acquisition cost and
depreciation for the previous years are calculated including the
assumed interest charges.
Based on the calculation including the assumed interest charges
as of March 31, 2002, the assumed amounts of acquisition cost and
depreciation under non-capitalized finance leases are as follows:
Millions of yen
Acquisition Accumulated Net book
cost depreciation value
2002:
Buildings and structures ¥ 2 ,0 09 ¥ 1,18 8 ¥ 8 2 1
Vehicles, machinery and
equipment 8 ,7 9 6 4 ,1 33 4 ,6 6 3
Tools, furniture and fixtures 1 4 ,2 3 4 6 ,75 8 7 ,4 76
Leasehold rights 1 9 4 8 2 1 1 2
Software 6 0 30 3 0
¥25,293 ¥12,191 ¥13,102
Thousands of U.S. dollars
Acquisition Accumulated Net book
cost depreciation value
2002:
Buildings and structures $ 15 ,1 0 5 $ 8,93 2 $ 6 ,1 7 3
Vehicles, machinery and
equipment 6 6 ,1 3 5 3 1 ,0 7 5 3 5 ,0 6 0
Tools, furniture and fixtures 1 0 7 ,0 2 3 5 0 ,8 1 2 5 6 ,2 1 1
Leasehold rights 1 ,4 5 9 6 1 7 8 4 2
Software 451 226 225
$ 1 9 0 ,1 7 3 $ 9 1 ,6 6 2 $ 9 8 ,5 1 1
(2) Future minimum lease payments under the non-capitalized finance
and operating leases at March 31, 2002 and 2001 are as follows:
Thousands of
Millions of yen U.S. dollars
Non-capitalized finance leases 2002 20 01 2 0 0 2
Due within one year ¥ 4 ,3 4 6 ¥ 4,377 $32,677
Due after one year 7,561 8,365 5 6 ,8 4 9
¥11,907 ¥12,742 $89,526
Thousands of
Millions of yen U.S. dollars
Operating leases 2002 20 01 2 0 0 2
Due within one year ¥1,053 ¥ 911 $ 7,91 7
Due after one year 1,941 1,355 1 4 ,5 9 4
¥2,994 ¥2,266 $22,511
The assumed amount of future minimum lease payments under non-
capitalized finance leases for the year ended March 31, 2002 is
calculated excluding assumed interest charges due to the increase in
2002 in the ratio of future minimum lease payments under non-
capitalized finance leases over the total amount of the future minimum
lease payments and property, plant and equipment as of March 31,
2002, whereas the assumed amount of future minimum lease
payments for the previous years are calculated including the assumed
interest charges.
Based on the calculation including the assumed interest charges as of
March 31, 2002, the assumed amount of future minimum lease
payments under non-capitalized finance leases is as follows:
Thousands of
Millions of yen U.S. dollars
Non-capitalized finance leases 2 0 0 2 2 0 0 2
Due within one year ¥ 4 ,9 95 $ 3 7 ,55 6
Due after one year 8 ,1 0 7 6 0 ,9 5 5
¥1 3 ,1 0 2 $ 9 8 ,5 1 1
(3) Lease payments, assumed depreciation charges and assumed
interest charges for the year ended March 31, 2002 and 2001 are
as follows:
Thousands of
Millions of yen U.S. dollars
2 0 0 2 2001 2000 2 0 0 2
Lease payments ¥4 ,2 5 3 ¥3,018 ¥3,119 $ 3 1 ,9 7 7
Assumed depreciation
charges 3 ,7 8 0 3,018 3,119 28,421
Assumed interest
charges 466 ——3 ,5 0 4
(4) Assumed depreciation charges are computed using the straight-line
method over lease terms assuming no residual value.
(5) The excess amount of total lease payments over acquisition cost of
leased property is deemed as accumulated interest expenses and allocated
for each period on the basis of the interest method.
Lessor:
The Company and its subsidiary lease certain equipment under
non-capitalized finance leases, as lessees and lease that equipment
under non-capitalized finance leases, as lessors. Future minimum lease
receipts under these non-capitalized finance and operating leases at
March 31, 2002 and 2001 are as follows:
Thousands of
Millions of yen U.S. dollars
Non-capitalized finance leases 2 0 0 2 2001 2 0 0 2
Due within one year ¥1,031 ¥1,425 $ 7,75 2
Due after one year 1 ,0 9 3 1,958 8 , 2 1 8
¥2,124 ¥3,383 $ 1 5 , 9 7 0
Thousands of
Millions of yen U.S. dollars
Operating leases 2 0 0 2 2001 2 0 0 2
Due within one year ¥3 8 ¥270 $ 2 8 6
Due after one year 1 7 281 128
¥5 5 ¥551 $ 4 1 4