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44 OLYMPUS 2006
15. LOSS ON IMPAIRMENT OF FIXED ASSETS
The loss on impairment of fixed assets that the Company and its consolidated subsidiaries recorded for the year ended March 31, 2006 were
as follows:
Thousands of
Use Type of assets Location Millions of yen U.S. dollars
Assets used for Information Consolidated adjustment accounts Tokyo ¥1,331 $11,574
and Communication Business and other intangible assets
Buildings and structures Tokyo and others 32 278
Assets used for other business Other intangible assets Tokyo 36 314
Idle properties Land Shiga 12 104
Total ¥1,411 $12,270
The Company and its consolidated subsidiaries classified fixed assets into the groups of the business segments. The idle properties are
considered to constitute a group.
For assets for business use were not expected to make a profit constantly because of the degradation of the business environment. As a
result, carrying amounts of assets for business use were devaluated to their recoverable amounts. The recoverable amounts were calculated
on the basis of utility value, with future cash flows discounted by 6.6%.
Carrying amounts of idle properties were devaluated to their recoverable amounts, owing to substantial decline in the fair market value.
The recoverable amounts were estimated by assessed value of fixed assets which were reflected in market price.
16. CASH AND CASH EQUIVALENTS
Reconciliations of cash and time deposits shown in the consolidated balance sheets and cash and cash equivalents shown in the consolidated
statements of cash flows as of March 31, 2006 and 2005 were as follows:
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
Cash and time deposits............................................................................................ ¥ 165,720 ¥ 120,416 $ 1,441,043
Less: Time deposits with maturities over three months..................................................... (6,423) (6,801) (55,852)
Cash equivalents included in marketable securities ....................................................... 10 10 87
Cash and cash equivalents ....................................................................................... ¥ 159,307 ¥ 113,625 $ 1,385,278
17. CASH FLOW FROM ACQUISITION OF CONSOLIDATED SUBSIDIARIES
Details of assets and liabilities when NDT Engineering Corporation and other companies were consolidated for the year ended March 31,
2006 were as follows:
Thousands of
Millions of yen U.S. dollars
Notes and accounts receivable ................................................................................................................ ¥ 2,184 $ 18,991
Inventories ........................................................................................................................................... 2,327 20,235
Property, plant and equipment ................................................................................................................. 2,465 21,435
Investments and other assets.................................................................................................................... 4,680 40,696
Notes and accounts payable ................................................................................................................... (1,224) (10,643)
Short-term borrowings ............................................................................................................................ (2,564) (22,296)
Other current liabilities........................................................................................................................... (23) (201)
Total ................................................................................................................................................... ¥ 7,845 $ 68,217
olympus ar06 25-52 06.7.28 4:48 PM ページ 44