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52 OLYMPUS 2008
Dividends
Dividend paid
Amount of Dividend
dividend paid per share
Resolution Class of shares (Millions of yen) (Yen) Record Date Effective date
General Shareholders’ Meeting (June 29, 2006) ................ Common Stock ¥3,921 ¥14.50 March 31, 2006 June 30, 2006
Amount of Dividend
dividend paid per share
Resolution Class of shares (Millions of yen) (Yen) Record Date Effective date
Board of Directors (November 7, 2006) ................................. Common Stock ¥2,974 ¥11.00 September 30, 2006 December 8, 2006
Dividends resolved during the current period that will be effective after the period-end
Amount of Dividend
dividend paid Funds of per share
Resolution Class of shares (Millions of yen) distribution (Yen) Record Date Effective date
General Shareholders’ Meeting (June 28, 2007) ...... Common Stock ¥6,488 Retained earnings ¥24.00 March 31, 2007 June 29, 2007
15. CONTINGENT LIABILITIES
The Company and its consolidated subsidiaries were contingently liable for notes and bills discounted of ¥1,417 million ($13,495 thousand)
and ¥3,179 million as of March 31, 2008 and 2007, respectively endorsed of ¥153 million ($1,457 thousand) and ¥179 million as of March
31, 2008 and 2007. The Company and its consolidated subsidiaries were also contingently liable as guarantors of borrowings, primarily
for housing loans to employees, amounting to ¥331 million ($3,152 thousand) and ¥391 million, and secondly for borrowing from banks to
subsidiaries, amounting to ¥2,240 million ($21,333 thousand) and ¥1,928 million as of March 31, 2008 and 2007.
16. TRADE NOTES MATURING ON BANK HOLIDAYS AT THE END OF YEAR
As financial institutions in Japan were closed on March 31, 2007, trade notes maturing on March 31, 2007 were accounted for as if they
were settled at that date.
The amount of trade notes maturing as at March 31, 2007 was as follows:
Millions of yen
Trade notes receivable ....................................................................................................................................................... ¥ 580
Trade notes payable ........................................................................................................................................................... 1,434
17. PLEDGED ASSETS
The following assets were pledged as collateral for short-term borrowings and long-term debt as of March 31, 2008 and 2007:
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Cash and time deposits ................................................................................................ ¥ 513 ¥ 596 $ 4,886
Accounts receivable ..................................................................................................... 490 509 4,667
Inventories ................................................................................................................... 294 306 2,800
Buildings and structures .............................................................................................. 1,660 2,047 15,810
Machinery and equipment ............................................................................................ 276 286 2,629
Land ........................................................................................................................... 1,861 1,881 17,724
Investment securities ................................................................................................... 81 88 770
Other assets ................................................................................................................. — 30 —
¥5,175 ¥ 5,743 $49,286
The obligations secured by such collateral were as follows:
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Long-term debt ............................................................................................................ ¥ 663 ¥2,327 $ 6,314
Current maturities of long-term debt............................................................................ 1,253 — 11,933
Short-term borrowings ................................................................................................. 139 770 1,324
¥2,055 ¥3,097 $19,571