Olympus 2005 Annual Report Download - page 47

O LYMPUS 20 05 45
(as o f March 31, 200 5) Millions of yen Thousands of U.S. dollars
No tional amount Book value Fair value No tional amount Book value Fair value
Fo reign exchange fo rward contracts:
To buy U.S. dollars ................................... ¥ 612 ¥— ¥ 574 $ 5,564 $ —$ 5,218
To buy other currencies.............................. 231 —232 2,100 —2,109
To sell U.S. do llars.................................... 40 —37 364 —336
To sell British Pounds................................. 1,871 —1,862 17,009 —1 6,927
To sell other currencies .............................. 2,280 —2,266 20,727 —20,6 00
Fo reign exchange option co ntracts
Put option ............................................... 1,181 31 37 10,7 36 282 336
Sto ck-price swap contracts ............................ 6,490 —(3,124) 5 9 ,000 —(28,40 0)
(as of March 31, 2004) Millions of yen
N otional amount Book value Fair value
Fo reign exchange fo rward contracts:
To buy U.S. dollars ............................................................................................. ¥1,24 9 ¥— ¥1,214
To sell U.S. dollars.............................................................................................. 37 — 37
To sell British Pounds........................................................................................... 579 — 579
To sell other currencies ........................................................................................ 2,26 1 — 2,243
Fo reign exchange option co ntracts
Put option ......................................................................................................... 1,567 29 34
The forward contracts on the foreign currency receivable and payable translated into Japanese yen at the forward exchange rates in the
accompanying consolidated financial statements are not included in the above amounts.
The fair value of currency option agreements is estimated by obtaining quotes from financial institutions. The fair value of foreign
exchange forward contracts is estimated based on market prices for contracts with similar terms. The fair value of stock-price swap contracts
is estimated by o btaining quotes from financial institutions.
18 . SUBSEQ UENT EVENTS
(a) In April 2005, the Company transferred the product categories o f industrial microscopes from the “Industrial Systems Business” to the
“Life Science Business,” and industrial endoscopes, printers, and bar code data processing equipment from the “Industrial Systems
Business” to “O thers” based o n the technical characteristics o f the products. The “Industrial Systems Business” was removed and its prod-
uct categories were integrated into the following five business segments: “Imaging Systems Business,” “Medical Systems Business,” “Life
Science Business,” “Informatio n and Communication Business,” and “O thers.”
The following fiscal 2 0 05 segmental information is classified by the new business segment structure that was newly adopted in fis-
cal 2006:
Millions of yen
2005
Imaging Medical Life Information and Elimination
Systems Systems Science Communication and Consolidated
Business Business Business Business O thers Total Corporate Total
Net sales:
Unaffiliated customers............. ¥277,6 85 ¥230,52 5 ¥101,315 ¥1 6 3,248 ¥40,765 ¥813,5 38 ¥ —¥813,5 38
Intersegment ......................... 27 5 12 —1 45 (45 ) —
Total ....................................... 277,7 12 230,5 30 101,327 1 63,248 40 ,766 813,5 83 (45) 813,5 38
O perating expenses................... 301,587 1 65,224 94 ,623 1 64,285 42 ,600 768,3 1 9 22,06 6 790,385
O perating income (loss) ............. (23,875) 65,306 6,704 (1,037 ) (1,834 ) 45,26 4 (22,1 11) 23,15 3
Assets ..................................... 144,70 7 177,480 7 5,808 120,996 5 8,639 5 7 7,630 2 80,453 858,0 83
Depreciation and amortization .... 11,184 9,47 3 4,304 839 1,694 27,49 4 2 ,264 29,7 58
Capital expenditures.................. ¥ 15,9 87 ¥ 1 4,669 ¥ 6,19 5 ¥ 1,321 ¥ 1,742 ¥ 39,914 ¥ 6,21 3 ¥ 46,1 27