Olympus 2009 Annual Report Download - page 45

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43
(i) Sales of securities
In the year ended March 31, 2009, “Sales of securities,” formerly shown as an independent item, was included in Other of Cash Flows from
Investment Activities. The amount of “Sales of securities” included in Other of Cash Flows from Investment Activities in fiscal 2009 was
¥3 million.
(j) Purchases of property, plant and equipment and Purchases of intangible assets
In the year ended March 31, 2009, “Purchases of property, plant and equipment” and “Purchases of intangible assets,” formerly included
in Purchases of property, plant and equipment of Cash Flows from Investing Activities, were shown as an independent item. The amount
of “Purchases of property, plant and equipment” and “Purchases of intangible assets” included in Purchases of property, plant and equip-
ment of Cash Flows from Investing Activities in fiscal 2008 were ¥42,129 million and ¥5,824 million, respectively.
(k) Sales of property, plant and equipment
In the year ended March 31, 2009, “Sales of property, plant and equipment,” formerly shown as an independent item, was included in Other
of Cash Flows from Investing Activities. The amount of “Sales of property, plant and equipment” included in Other of Cash Flows from
Investing Activities in fiscal 2009 was ¥323 million.
(l) Payments for acquisition of subsidiaries
In the year ended March 31, 2009, “Payments for acquisition of subsidiaries,” formerly included in Purchase of investment securities and
Payments for additional acquisition of consolidated subsidiaries of Cash Flows from Investing Activities, was shown as an independent
item. The amount of “Payments for acquisition of subsidiaries” included in Purchase of investment securities of Cash Flows from Investing
Activities in fiscal 2008 was ¥2,128 million.
(m) Payments for purchase of treasury stock
In the year ended March 31, 2009, “Payments for purchase of treasury stock,” formerly included in Other of Cash Flows from Financing
Activities, was shown as an independent item. The amount of “Payments for purchase of treasury stock” included in “Other” of Cash Flows
from Financing Activities in fiscal 2008 was ¥370 million.
4. SECURITIES
The following tables summarize acquisition costs, book values and fair value of securities with fair value as of March 31, 2009 and 2008:
Available-for-sale securities
Securities with book value (fair value) exceeding acquisition cost.
Millions of yen Thousands of U.S. dollars
2009 2008 2009
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Equity securities .............. ¥18,023 ¥21,046 ¥3,023 ¥ 25,230 ¥ 40,802 ¥15,572 $189,716 $221,537 $31,821
Others .............................. 60,500 62,152 1,652 96,077 98,339 2,262 636,842 654,231 17,389
Total ................................. ¥78,523 ¥83,198 ¥4,675 ¥ 121,307 ¥ 139,141 ¥17,834 $826,558 $875,768 $49,210
Securities with book value (fair value) not exceeding acquisition cost.
Millions of yen Thousands of U.S. dollars
2009 2008 2009
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Equity securities .............. ¥26,313 ¥21,517 ¥(4,796) ¥31,535 ¥24,632 ¥(6,903) $276,979 $226,495 $(50,484)
Others .............................. 627 626 (1) 1,864 1,193 (671) 6,600 6,589 (11)
Total ................................. ¥26,940 ¥22,143 ¥(4,797) ¥33,399 ¥25,825 ¥(7,574) $283,579 $233,084 $(50,495)
Note: In the year ended March 31, 2009 the Company recognized impairment loss of ¥13,101 million on available-for-sale securities with fair value.
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.