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38 Nikon Annual Report 2009
Carrying amounts of available-for-sale securities whose fair value is not readily determinable as of March 31, 2009 and 2008 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
Available-for-sale:
Equity securities ¥ 400 ¥ 418 $ 4,072
Investment in a limited liability investment partnership 952 990 9,691
Total ¥1,352 ¥1,408 $13,763
Proceeds from sales of available-for-sale securities was ¥2,444 million for the fiscal year ended March 31, 2008. Gross realized gains and
losses on these sales computed on the moving average cost basis, were ¥1,635 million and ¥94 million, respectively for the fiscal year ended
March 31, 2008.
The carrying values of debt securities by contractual maturities for securities classified as available-for-sale at March 31, 2009 and 2008
were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
Available
for sale
Available
for sale
Available
for sale
Due in one year or less
Due after one year through five years ¥0 ¥0 $3
Total ¥0 ¥0 $3
4. INVENTORIES
Inventories at March 31, 2009 and 2008 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
Finished and semi-finished products ¥114,143 ¥117,082 $1,162,000
Work in process 122,961 118,303 1,251,761
Raw materials and supplies 28,111 29,336 286,175
Total ¥265,215 ¥264,721 $2,699,936
5. LONG-LIVED ASSETS
The Group reviewed its long-lived assets for impairment as of March 31, 2009 and recognized an impairment loss of ¥721 million ($7,337
thousand) as other expense for land, building, machinery and equipment in Japan, Asia and Europe. This is because the recoverable amounts
of the land and building were lower than the carrying amounts, and the machinery and equipment were not planned for use in the future
after production of the relevant products ceased.
6. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2009 and 2008 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
Short-term loans, principally from banks:
2009: 0.95940% –2.60000%
2008: 1.15250%–1.23083% ¥15,770 ¥8,500 $160,541
Commercial paper:
2009: 0.19500%–0.54310% 20,000 203,604
Total ¥35,770 ¥8,500 $364,145