Olympus 2007 Annual Report Download - page 43

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OLYMPUS 2007 41
Investment in unconsolidated subsidiaries and affiliates are as follows:
Book value
Thousands of
Millions of yen U.S. dollars
2007 2006 2007
Investment securities .................................................................................................. ¥21,815 ¥25,084 $181,791
Other assets ............................................................................................................. 1,054 961 8,784
Total ..................................................................................................................... ¥22,869 ¥26,045 $190,575
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 sheets as of March 31, 2007 and 2006. Business incubation securities amount to ¥9,316
million ($77,633 thousand) and ¥7,523 million, respectively. Business incubation securities in affiliates amount to ¥3,645 million ($30,375
thousand) and ¥4,899 million, respectively.
5. NOTES AND ACCOUNTS RECEIVABLE
Notes and accounts receivable as of March 31, 2007 and 2006, consisted of the following:
Thousands of
Millions of yen U.S. dollars
2007 2006 2007
Unconsolidated subsidiaries and affiliates ..................................................................... ¥ 2,066 ¥ 1,627 $ 17,217
Trade ..................................................................................................................... 190,789 165,784 1,589,908
Total ..................................................................................................................... ¥192,855 ¥167,411 $1,607,125
6. INVENTORIES
Inventories as of March 31, 2007 and 2006, consisted of the following:
Thousands of
Millions of yen U.S. dollars
2007 2006 2007
Finished goods ......................................................................................................... ¥62,108 ¥66,177 $517,567
Work in process and raw materials .............................................................................. 27,739 27,021 231,158
Total ..................................................................................................................... ¥89,847 ¥93,198 $748,725
7. S H O R T - T E R M B O R R O W I N G S
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 0.58% to 13.40% and from 0.02% to 13.40% as of March 31, 2007 and 2006, respectively.
Bank acceptances payable of ¥3,179 million ($26,492 thousand) and ¥3,485 million were secured by certain trade accounts receivable and
inventories as of March 31, 2007 and 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.