Olympus 2004 Annual Report Download - page 45

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O LYMPUS 2 0 0 4 4 3
･Semi-annual dividends are appro ved by the Bo ard o f Directo rs after the end o f each first six-month period to which the dividends are
payable to shareho lders of record at the end o f the interim six-month period.
1 1 . CO N TIN G ENT LIABILITIES
The Co mpany and its co nsolidated subsidiaries were contingently liable for expo rt bills discounted of ¥ 1 ,532 million ($13,9 2 7 thousand) as
o f March 3 1, 200 4 . As of March 31, 200 4 , the Company and its co nsolidated subsidiaries were also co ntingently liable as guaranto rs of
bo rrowings, primarily fo r ho using loans to emplo yees, amo unting to ¥720 million ($ 6,545 thousand).
1 2 . PLEDG ED ASSETS
The follo wing assets were pledged as co llateral fo r short-term borro wings and lo ng-term debt as o f March 3 1 , 2004 and 2 0 03:
Thousands of
M illions of yen U.S. dollars
2 0 0 4 2 0 0 3 2 0 0 4
Land .................................................................................................................. ¥ 78 ¥ 7 8 $ 709
Buildings and structures ........................................................................................... 2,546 2 ,6 1 4 2 3 , 1 4 6
¥ 2 ,6 2 4 ¥2,692 $ 2 3 ,8 5 5
The o bligations secured by such collateral were as follo ws:
Thousands of
M illions of yen U.S. dollars
2 0 0 4 2 0 0 3 2 0 0 4
Long-term debt........................................................................................................ ¥2,453 ¥2,543 $ 2 2 ,3 0 0
1 3 . CASH AN D CASH EQ UIVALENTS
Reco nciliatio ns o f cash and time depo sits shown in the co nsolidated balance sheets and cash and cash equivalents shown in the consolidated
statements o f cash flo ws as o f March 3 1 , 2004 and 2 0 0 3 were as follows:
Thousands of
M illions of yen U.S. dollars
2 0 0 4 2 0 0 3 2 0 0 4
Cash and time deposits............................................................................................ ¥ 114,839 ¥ 1 0 2 , 2 1 6 $ 1 ,0 4 3 ,9 9 1
Less: Time deposits with maturities o ver three mo nths..................................................... (4 5 ,744) (46,272) (4 1 5 ,8 5 5 )
Cash and cash equivalents ....................................................................................... ¥ 69,095 ¥ 55,9 4 4 $ 628,136
14. IN FO RMATIO N FO R CERTAIN LEASE TRANSACTIO N S
LESSEE:
The Co mpany and its co nsolidated subsidiaries lease certain machinery and equipment under the non-cancelable finance and o perating leases.
Finance leases that do not transfer o wnership to lessees are not capitalized and are acco unted for in the same manner as o perating leases.
Certain information for such non-capitalized finance leases for the year ended March 3 1, 2004 and 2 0 03 was as fo llows:
Thousands of
M illions of yen U.S. dollars
2 0 0 4 2 0 0 3 2 0 0 4
(Equivalent amo unt)
Acquisition cost...................................................................................................... ¥ 8,234 ¥ 8,212 $ 74,855
Accumulated depreciation ........................................................................................ (4,099) (3 , 8 8 0 ) (3 7 ,2 6 4 )
Estimated net book value.......................................................................................... ¥ 4,135 ¥ 4,332 $ 37,591
olympus ar04 fs-07/06K 04.8.4 14:30 ページ 43