Olympus 2006 Annual Report Download - page 47

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OLYMPUS 2006 45
Details of assets and liabilities when ITX corporation and its subsidiaries (ITX) were consolidated, acquisition cost of share, and proceeds
from acquisition of ITX for the year ended March 31, 2005 were as follows:
Millions of yen
Notes and accounts receivable ......................................................................................................................................... ¥ 31,441
Inventories .................................................................................................................................................................... 10,606
Other current assets ........................................................................................................................................................ 37,850
Consolidated adjustment accounts ..................................................................................................................................... 33,359
Investment securities ....................................................................................................................................................... 15,511
Investments and other assets............................................................................................................................................. 15,615
Notes and accounts payable ............................................................................................................................................ (29,451)
Short-term borrowings ..................................................................................................................................................... (25,346)
Other current liabilities.................................................................................................................................................... (11,656)
Long-term debt, less current maturities ................................................................................................................................ (39,154)
Other non-current liabilities .............................................................................................................................................. (11,322)
Minority interests............................................................................................................................................................ (2,487)
Sub-total ....................................................................................................................................................................... 24,966
Consolidated adjustment accounts ..................................................................................................................................... 14,419
Minority interests............................................................................................................................................................ (10,212)
Total equity method until consolidation ............................................................................................................................... (8,905)
Sub-total: acquisition cost of ITX........................................................................................................................................ 20,268
Cash and cash equivalents owned by ITX ........................................................................................................................... 32,728
Proceeds from acquisition of ITX........................................................................................................................................ 12,460
18. INFORMATION FOR CERTAIN LEASE TRANSACTIONS
LESSEE:
The Company and its consolidated subsidiaries lease certain machinery and equipment under the non-cancelable finance and operating leases.
Finance leases that do not transfer ownership to lessees are not capitalized and are accounted for in the same manner as operating leases.
Certain information for such non-capitalized finance leases for the years ended March 31, 2006 and 2005 was as follows:
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
(Equivalent amount)
Acquisition cost ...................................................................................................... ¥10,588 ¥ 9,578 $ 92,070
Accumulated depreciation ........................................................................................ (4,887) (4,960) (42,496)
Estimated net book value.......................................................................................... ¥ 5,701 ¥ 4,618 $ 49,574
Thousands of
Millions of yen U.S. dollars
2006 2005 2006
(Lease payments and pro forma information)
Lease payments ...................................................................................................... ¥2,488 ¥2,099 $21,635
Equivalent of depreciation expense ............................................................................ 2,305 1,951 20,043
Equivalent of interest expense ................................................................................... 160 142 1,391
Equivalent of depreciation expense is computed using the straight-line method over the lease terms assuming no residual value. Equivalent
of interest expense is computed using the interest rate method over the lease terms for the difference between acquisition cost and total lease
payments.
olympus ar06 25-52 06.7.28 4:48 PM ページ 45