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44 Nikon Annual Report 2009
12. RESEARCH AND DEVELOPMENT COST
Research and development costs incurred were ¥61,489 million ($625,971 thousand) and ¥58,373 million for the fiscal years ended March
31, 2009 and 2008, respectively.
13. LEASES
The Group leases mainly certain machinery and equipment for manufacturing.
The minimum rental commitments under noncancellable operating leases at March 31, 2009 and 2008 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2009 2008 2009
Due within one year ¥2,258 ¥3,139 $22,987
Due after one year 2,454 4,183 24,978
Total ¥4,712 ¥7,322 $47,965
Pro forma information for the year ended March 31, 2008 of leased property such as acquisition cost, accumulated depreciation, accu-
mulated impairment loss, obligations under finance leases, depreciation expense, interest expense and other information of finance leases
that do not transfer ownership of the leased property to the lessee on an “as if capitalized” basis was as follows:
Millions of Yen
2008
Machinery
and
Equipment
Furniture
and
Fixtures Tota l
Acquisition cost ¥8,171 ¥7,076 ¥15,247
Accumulated depreciation 3,602 3,032 6,634
Net leased property ¥4,569 ¥4,044 ¥ 8,613
Obligations under finance leases at March 31, 2008:
Millions of Yen
2008
Due within one year ¥2,870
Due after one year 5,743
Total ¥8,613
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 ¥2,912 million for the fiscal year ended March 31, 2008.