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54 OLYMPUS 2010
cost. Therefore the Company terminated a provisional accounting treatment of these transactions and recorded in loss on prior period
adjustment in the consolidated statements of operations as an adjustment of the goodwill amount recorded in previous year.
21. CASH AND CASH EQUIVALENTS
Reconciliations of cash and time deposits shown in the consolidated balance sheets and cash and cash equivalents shown in the
consolidated statements of cash flows as of March 31, 2010, 2009 and 2008 were as follows:
Millions of yen
Thousands of
U.S. dollars
2010 2009 2008 2010
Cash and time deposits .......................................................................... ¥206,783 ¥ 136,877 ¥ 158,281 $2,297,589
Less: Time deposits with maturities over three months .......................... (3,770) (4,157) (38,439) (41,889)
Cash and cash equivalents ..................................................................... ¥203,013 ¥ 132,720 ¥ 119,842 $2,255,700
22. 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
payments for acquisition of Gyrus Group PLC for the year ended March 31, 2008 were as follows:
Millions of yen
Notes and accounts receivable ........................................................................................................................................ ¥ 7,611
Inventories ...................................................................................................................................................................... 10,033
Other current assets ....................................................................................................................................................... 11,535
Property, plant and equipment ........................................................................................................................................ 7,508
Goodwill .......................................................................................................................................................................... 208,450
Other assets .................................................................................................................................................................... 87,591
Investments and other assets ......................................................................................................................................... 2,927
Notes and accounts payable ........................................................................................................................................... (1,635)
Short-term borrowings .................................................................................................................................................... (28,401)
Other current liabilities ................................................................................................................................................... (12,352)
Long-term debt ............................................................................................................................................................... (2,293)
Other non-current liabilities ............................................................................................................................................ (24,737)
Minority interests ............................................................................................................................................................ (124)
Total equity method until consolidation .......................................................................................................................... (6,378)
Sub-total: Acquisition cost of Gyrus Group PLC and other subsidiaries ........................................................................... 259,735
Amount owed of purchase price ...................................................................................................................................... 20,468
Cash and cash equivalents owned by Gyrus Group PLC and other subsidiaries ................................................................ 7,033
Payments for acquisition of Gyrus Group PLC and other subsidiaries .............................................................................. ¥ 232,234
Since purchase price allocation was based on preliminary estimates of fair value for the year ended March 31, 2008, asset and liability
balances were subject to subsequent revisions.
23. CASH FLOW FROM TRANSFER OF BUSINESS
Details of assets and liabilities, and the reconciliation between transaction price for and proceeds from the transfer of Diagnostic systems
business of the Company for the year ended March 31, 2010 were follows:
Millions of yen
Thousands of
U.S. dollars
Current assets ......................................................................................................................................... ¥ 28,886 $ 320,955
Noncurrent assets ................................................................................................................................... 13,929 154,767
Current liabilities .................................................................................................................................... (11,727) (130,300)
Noncurrent liabilities .............................................................................................................................. (1,580) (17,556)
Foreign currency translation adjustment ................................................................................................. 555 6,167
Gain on transfer of business .................................................................................................................... 47,674 529,711
Price for transfer of business .................................................................................................................. 77,737 863,744
Proceeds from sale not yet collected ....................................................................................................... 1,957 21,744
Cash and cash equivalents ...................................................................................................................... 1,378 15,311
Net: Proceeds from transfer of business ................................................................................................. ¥ 74,402 $ 826,689