Nikon 2014 Annual Report Download - page 64

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4. Inventories
Inventories at March 31, 2013 and 2014 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2013 2014 2014
Finished and semifinished products ¥116,505 ¥ 92,792 $ 901,594
Work in process 119,760 123,813 1,203,005
Raw materials and supplies 33,148 28,337 275,326
Total ¥269,413 ¥244,942 $2,379,925
6. Short-Term Borrowings and Long-Term Debt
Short-term borrowings at March 31, 2013 and 2014 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2013 2014 2014
Short-term loans, principally from banks:
2013: 0.45000% - 8.75000%
2014: 0.21182% - 12.69000% ¥13,740 ¥14,511 $140,995
Total ¥13,740 ¥14,511 $140,995
Long-term debt at March 31, 2013 and 2014 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2013 2014 2014
Loans, principally from banks and insurance companies:
2013: 0.63125% - 1.95250% due 2014-2023
2014: 0.61300% - 1.95250% due 2014-2025 ¥27,600 ¥ 49,600 $ 481,928
Obligations under finance leases 4,008 3,021 29,355
Bonds 40,000 60,000 582,977
Total 71,608 112,621 1,094,260
Less: current portion (6,703) (11,302) (109,812)
Long-term debt, less current portion ¥64,905 ¥101,319 $ 984,448
5. Long-Lived Assets
The Nikon Group classifies by business segment or its subsegment
the smallest units that create generally independent cash flows as
well as important idle assets.
The Group reviewed its long-lived assets for impairment as of
March 31, 2013 and recognized an impairment loss of ¥664 mil-
lion as “Loss on impairment of long-lived assets” for machinery,
equipment, furniture and structures in Japan, Asia and Europe.
This is because fair value of these assets was lower than the
carrying amounts.
The Group reviewed its long-lived assets for impairment as of
March 31, 2014 and recognized an impairment loss of ¥2,319 mil-
lion as “Loss on impairment of long-lived assets” for machinery,
equipment, furniture and structures in Japan, China and Thailand.
This is because these assets were no longer expected to be used in
the future.
FINANCIAL INFORMATION
Notes to Consolidated Financial Statements
62 NIKON REPORT 2014