Nikon 2001 Annual Report Download - page 31

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page 29
9. RESEARCH AND DEVELOPMENT COSTS
Research and development costs incurred were ¥22,794 million ($183,972 thousand) and ¥17,798 million for the years ended March 31, 2001 and
2000, respectively.
10. LEASE PAYMENTS
Total lease payments under financing lease arrangements that do not transfer ownership of the leased property to the Company and its domes-
tic subsidiaries were ¥3,492 million ($ 28,190 thousand) and ¥3,479 million for the years ended March 31, 2001 and 2000, respectively.
Pro forma information of leased property such as acquisition cost, accumulated depreciation, obligation under finance lease, and deprecia-
tion expense of finance leases that do not transfer ownership of the leased property to the leasee on an “as if capitalized” basis for the years
ended March 31, 2001 and 2000 was as follows:
Millions of Yen Thousands of U.S. Dollars
2001 2001
Machinery Furniture Machinery Furniture
and and and and
Equipment Fixtures Total Equipment Fixtures Total
Acquisition cost ¥ 8,490 ¥ 9,730 ¥18,220 $68,529 $78,530 $147,059
Accumulated depreciation 5,439 5,550 10,989 43,902 44,798 88,700
Net leases property ¥ 3,051 ¥ 4,180 ¥ 7,231 $24,627 $33,732 $ 58,359
Millions of Yen
2000
Machinery Furniture
and and
Equipment Fixtures Total
Acquisition cost ¥ 6,002 ¥ 9,036 ¥15,038
Accumulated depreciation 2,815 4,974 7,789
Net leases property ¥ 3,187 ¥ 4,062 ¥ 7,249
Obligations under finance leases at March 31, 2001 and 2000 were as follows:
Thousands of
Millions of Yen U.S. Dollars
2001 2000 2001
Due within one year ¥ 3,023 ¥ 2,811 $ 24,399
Due after one year 4,208 4,438 33,961
Total ¥ 7,231 ¥ 7,249 $ 58,360
The amount of obligations under finance leases includes the imputed interest expense portion.
Depreciation expense, which is not reflected in the accompanying consolidated statements of income, computed by the straight-line
method, was ¥3,492 million ($28,190 thousand) and ¥3,479 million for the years ended March 31, 2001 and 2000, respectively.
The minimum rental commitments under noncancellable operating leases at March 31, 2001 and 2000 were as follows:
Thousands of
Millions of Yen U.S. Dollars
2001 2000 2001
Due within one year ¥ 1,001 ¥ 732 $ 8,079
Due after one year 1,645 1,034 13,275
Total ¥ 2,646 ¥ 1,766 $ 21,354