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54 OLYMPUS 2008
20. CASH FLOW FROM ACQUISITION OF CONSOLIDATED SUBSIDIARIES
Details of assets and liabilities when Gyrus Group PLC and other subsidiaries were consolidated, acquisition costs of shares, and pay-
ments for acquisition of Gyrus Group PLC for the year ended March 31, 2008 were as follows:
Thousands of
Millions of yen U.S. dollars
Notes and accounts receivable ................................................................................................................ ¥ 7,611 $ 72,486
Inventories .............................................................................................................................................. 10,033 95,552
Other current assets ............................................................................................................................... 11,535 109,857
Property, plant and equipment ................................................................................................................ 7,508 71,505
Goodwill .................................................................................................................................................. 208,450 1,985,238
Other assets ............................................................................................................................................ 87,591 834,199
Investments and other assets ................................................................................................................. 2,927 27,876
Notes and accounts payable ................................................................................................................... (1,635) (15,571)
Short-term borrowings ............................................................................................................................ (28,401) (270,486)
Other current liabilities ........................................................................................................................... (12,352) (117,638)
Long-term debt ....................................................................................................................................... (2,293) (21,838)
Other non-current liabilities .................................................................................................................... (24,737) (235,590)
Minority interests .................................................................................................................................... (124) (1,181)
Total equity method until consolidation .................................................................................................. (6,378) (60,743)
Sub-total: acquisition cost of Gyrus Group PLC and other subsidiaries ................................................... 259,735 2,473,666
Amount owed of purchase price .............................................................................................................. 20,468 194,933
Cash and cash equivalents owned by Gyrus Group PLC and other subsidiaries ........................................ 7,033 66,981
Payments for acquisition of Gyrus Group PLC and other subsidiaries ...................................................... ¥232,234 $2,211,752
Since purchase price allocation was based on preliminary estimates of fair value for the year ended March 31, 2008, asset and liability bal-
ances were subject to subsequent revisions.
In addition, since there were possibilities to change the purchase price of the companies based on the purchase agreement, goodwill
was also subject to subsequent revision.
Details of assets and liabilities when NDT Engineering Corporation and other companies were consolidated for the year ended March 31,
2006 were as follows:
Millions of yen
Notes and accounts receivable ........................................................................................................................................... ¥ 2,184
Inventories ......................................................................................................................................................................... 2,327
Property, plant and equipment ........................................................................................................................................... 2,465
Investments and other assets ............................................................................................................................................ 4,680
Notes and accounts payable .............................................................................................................................................. (1,224)
Short-term borrowings ....................................................................................................................................................... (2,564)
Other current liabilities ...................................................................................................................................................... (23)
Total ................................................................................................................................................................................... ¥ 7,845
21. 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 operat-
ing leases. Certain information for such non-capitalized finance leases for the years ended March 31, 2008 and 2007 were as follows:
Thousands of
Millions of yen U.S. dollars
(Equivalent amount) 2008 2007 2008
Acquisition cost ........................................................................................................... ¥10,744 ¥10,592 $102,324
Accumulated depreciation ........................................................................................... (4,680) (5,391) (44,572)
Estimated net book value ............................................................................................. ¥ 6,064 ¥ 5,201 $ 57,752