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OLYMPUS 2010 45
5. SECURITIES
The following tables summarize acquisition costs, book values and fair value of securities with fair value as of March 31, 2010:
Available-for-sale securities
Securities with book value exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Equity securities ..................................................................... ¥26,116 ¥40,981 ¥14,865 $290,178 $ 455,344 $165,166
Others ..................................................................................... 60,851 63,163 2,312 676,122 701,812 25,690
Total ........................................................................................ ¥86,967 ¥104,144 ¥17,177 $966,300 $1,157,156 $190,856
Securities with book value not exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Equity securities ..................................................................... ¥16,295 ¥13,872 ¥(2,423) $181,056 $154,133 $(26,923)
Others ..................................................................................... ——————
Total ........................................................................................ ¥16,295 ¥13,872 ¥(2,423) $181,056 $154,133 $(26,923)
Note: In the year ended March 31, 2010 the Company recognized impairment loss of ¥1,773 million (US$ 19,700 thousand) 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.
The following table summarizes sales of available-for-sale securities and the aggregate gain and loss for the year ended March 31, 2010:
Millions of yen Thousands of U.S. dollars
Sales
proceeds
Aggregate
gain
Aggregate
loss
Sales
proceeds
Aggregate
gain
Aggregate
loss
Equity securities ..................................................................... ¥ 332 ¥30 ¥49 $ 3,689 $333 $ 544
Others ..................................................................................... 2,321 543 25,789 56 478
Total ........................................................................................ ¥2,653 ¥35 ¥92 $29,478 $389 $1,022
Investment in unconsolidated subsidiaries and affiliates was as follows:
Book value
Millions of yen
Thousands of
U.S. dollars
Investment securities ¥10,100 $112,222
Total ¥10,100 $112,222
Note: Figures for 2010 include the cost of investment in jointly-controlled companies, amounting to ¥475 million ( $5,278 thousand).
The following tables summarize acquisition costs, book values and fair value of securities with fair value as of March 31, 2009:
Available-for-sale securities
Securities with book value (fair value) exceeding acquisition cost
Millions of yen
Acquisition
cost
Book
Value Difference
Equity securities ............................................................................................................................... ¥18,023 ¥21,046 ¥3,023
Others ............................................................................................................................................... 60,500 62,152 1,652
Total .................................................................................................................................................. ¥78,523 ¥83,198 ¥4,675
Securities with book value (fair value) not exceeding acquisition cost
Millions of yen
Acquisition
cost
Book
Value Difference
Equity securities ............................................................................................................................... ¥26,313 ¥21,517 ¥(4,796)
Others ............................................................................................................................................... 627 626 (1)
Total .................................................................................................................................................. ¥26,940 ¥22,143 ¥(4,797)