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44 OLYMPUS 2008
4. SECURITIES
The following tables summarize acquisition costs, book values and fair value of securities with fair value as of March 31, 2008 and 2007:
Available-for-sale securities
Securities with book value (fair value) exceeding acquisition cost.
Millions of yen Thousands of U.S. dollars
2008 2007 2008
Acquisition Book Acquisition Book Acquisition Book
cost Value Difference cost Value Difference cost Value Difference
Equity securities ............... ¥ 25,230 ¥ 40,802 ¥15,572 ¥ 39,762 ¥ 63,745 ¥23,983 $ 240,286 $ 388,590 $148,304
Others ............................... 96,077 98,339 2,262 96,078 97,987 1,909 915,019 936,562 21,543
Total ................................ ¥121,307 ¥139,141 ¥17,834 ¥135,840 ¥161,732 ¥25,892 $1,155,305 $1,325,152 $169,847
Securities with book value (fair value) not exceeding acquisition cost.
Millions of yen Thousands of U.S. dollars
2008 2007 2008
Acquisition Book Acquisition Book Acquisition Book
cost Value Difference cost Value Difference cost Value Difference
Equity securities ............... ¥31,535 ¥24,632 ¥(6,903) ¥12,456 ¥11,410 ¥(1,046) $300,333 $234,590 $(65,743)
Others ............................... 1,864 1,193 (671) 2,327 2,259 (68) 17,753 11,362 (6,391)
Total ................................ ¥33,399 ¥25,825 ¥(7,574) ¥14,783 ¥13,669 ¥(1,114) $318,086 $245,952 $(72,134)
Note : The Company recognizes impairment loss when the fair market value of marketable and investment securities comes down to less than 50% of the acquisition cost
at the end of the period. In addition, the loss is also recognized when the fair market value declines more than 30% but less than 50%, unless the recovery of the fair
market value is reasonably expected under the market conditions, trends of earnings and other key measures.
The following table summarizes book values of securities not stated at fair value as of March 31, 2008 and 2007:
Available-for-sale securities
Book value
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Non-listed equity securities ......................................................................................... ¥17,008 ¥12,802 $161,981
Non-listed foreign bonds .............................................................................................. 404 9,928 3,848
Others .......................................................................................................................... 2,657 5,037 25,306
Total ........................................................................................................................... ¥20,069 ¥27,767 $191,135
Maturities of available-for-sale securities were as follows:
Millions of yen
2008
Over a year Over five years
but within but within
Within a year five years ten years Total
Government bonds ...................................................................................... ¥ 3 ¥ — ¥ — ¥ 3
Corporate bonds .......................................................................................... — 358 — 358
Others ......................................................................................................... — 1,779 520 2,299
Total .......................................................................................................... ¥ 3 ¥ 2,137 ¥520 ¥2,660