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39
Nikon Corporation Annual Report 2010
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 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.
The Group reviewed its long-lived assets for impairment as of March 31, 2010 and recognized an impairment loss of ¥115 million ($1,240 thousand)
as other expense for machinery, equipment, furniture and fi xtures in Japan and Asia. This is because these assets were unutilized assets and the
recoverable amounts were lower than the carrying amounts.
6. Short-term Borrowings and Long-term Debt
Short-term borrowings at March 31, 2010 and 2009 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Short-term loans, principally from banks:
2010: 0.57350%–4.37400%
2009: 0.95940%–2.60000% ¥14,899 ¥15,770 $160,135
Commercial paper:
2009: 0.19500%–0.54310% 20,000
Total ¥14,899 ¥35,770 $160,135
Long-term debt at March 31, 2010 and 2009 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Loans, principally from banks and insurance companies:
2010: 0.7000%–8.5200% due 2010–2016
2009: 0.9400%–4.3600% due 2010–2016 ¥27,003 ¥27,360 $290,230
Obligations under fi nance leases 7,586 8,910 81,534
Bonds 52,900 42,900 568,573
Total 87,489 79,170 940,337
Less: Current portion (46,381) (13,607) (498,511)
Long-term debt, less current portion ¥41,108 ¥65,563 $441,826
The following is a summary of the terms of bonds which the Company may at any time purchase in any price in the open market or otherwise
acquire. The bonds purchased or otherwise acquired by the Company may be held or resold or, at the discretion of the Company, may be canceled
(together with any unmatured coupons).
Millions of Yen
Thousands of
U.S. Dollars
Issued in Maturity 2010 2009 2010
1.4% Yen Unsecured Bonds February, 2003 February, 2010 ¥10,000
Yen Zero Coupon Convertible Bonds March, 2004 March, 2011 ¥32,900 32,900 $353,611
1.3% Yen Unsecured Bonds June, 2009 June, 2014 10,000 107,481
1.65% Yen Unsecured Bonds June, 2009 June, 2016 10,000 107,481
Total ¥52,900 ¥42,900 $568,573