Olympus 2006 Annual Report Download - page 41

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OLYMPUS 2006 39
4. BUSINESS INCUBATION SECURITIES AND BUSINESS INCUBATION SECURITIES IN AFFILIATES
Business incubation securities and business incubation securities in affiliates that are held by subsidiaries of the Company are included in
investment securities on the consolidated balance sheet as of March 31, 2006. Business incubation securities and business incubation securi-
ties in affiliates amount to ¥7,523 million ($65,417 thousand) and ¥4,899 million ($42,600 thousand), respectively.
5. NOTES AND ACCOUNTS RECEIVABLE
Notes and accounts receivable as of March 31, 2006 and 2005, consisted of the following:
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
Unconsolidated subsidiaries and affiliates ................................................................... ¥ 1,627 ¥ 2,484 $ 14,148
Trade .................................................................................................................. 165,784 149,463 1,441,600
Total .................................................................................................................. ¥167,411 ¥151,947 $1,455,748
6. INVENTORIES
Inventories as of March 31, 2006 and 2005, consisted of the following:
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
Finished goods ....................................................................................................... ¥66,177 ¥ 78,357 $575,452
Work in process and raw materials ............................................................................ 27,021 24,433 234,965
Total .................................................................................................................. ¥93,198 ¥102,790 $810,417
7. SHORT-TERM BORROWINGS
Short-term borrowings, which consist principally of bank acceptances payable in foreign currencies, are due in one to 180 days. The annual
interest rates on these borrowings ranged from 0.02% to 13.40% and from 0.41% to 8.70% as of March 31, 2006 and 2005, respectively.
Bank acceptances payable of ¥3,485 million ($30,304 thousand) were secured by certain trade accounts receivable and inventories as of
March 31, 2006.
As is customary in Japan, substantially all bank borrowings, including acceptances payable, are subject to general agreements with each
bank which provide, among other things, that the banks may, under certain circumstances, require additional security for such loans and may
treat any security furnished to the banks, as well as cash deposited with them, as security for all present and future indebtedness. The
Company and its subsidiaries have never been requested to submit such additional security.
olympus ar06 25-52 06.7.28 4:48 PM ページ 39