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46 OLYMPUS 2011
5. SECURITIES
The following tables summarize acquisition costs, book values and fair value of securities with fair value as of March 31, 2011 and 2010:
Available-for-sale securities
Securities with book value exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
2011 2010 2011
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Equity securities ............ ¥25,178 ¥37,201 ¥12,023 ¥26,116 ¥40,981 ¥14,865 $314,725 $465,013 $150,288
Others ............................ 910 1,339 429 60,851 63,163 2,312 11,375 16,737 5,362
Total ............................... ¥26,088 ¥38,540 ¥12,452 ¥86,967 ¥104,144 ¥17,177 $326,100 $481,750 $155,650
Securities with book value not exceeding acquisition cost
Millions of yen Thousands of U.S. dollars
2011 2010 2011
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Acquisition
cost
Book
Value Difference
Equity securities ............ ¥17,282 ¥13,339 ¥(3,943) ¥16,295 ¥13,872 ¥(2,423) $216,025 $166,738 $(49,287)
Others ............................ — — — — — — — — —
Total ............................... ¥17,282 ¥13,339 ¥(3,943) ¥16,295 ¥13,872 ¥(2,423) ¥216,025 ¥166,738 ¥(49,287)
Note : In the years ended March 31, 2011 and 2010, the Company recognized impairment loss of ¥662 million ($8,275 thousand) and ¥1,773 million, respectively, 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 years ended March 31, 2011 and 2010:
Millions of yen Thousands of U.S. dollars
2011 2010 2011
Sales
proceeds
Aggregate
gain
Aggregate
loss
Sales
proceeds
Aggregate
gain
Aggregate
loss
Sales
proceeds
Aggregate
gain
Aggregate
loss
Equity securities ............ ¥ 753 ¥ 123 ¥ 37 ¥ 332 ¥30 ¥49 $ 9,413 $ 1,538 $463
Others ............................ 64,160 3,135 — 2,321 543 802,000 39,187 —
Total ............................... ¥64,913 ¥3,258 ¥ 37 ¥2,653 ¥35 ¥92 $811,413 $40,725 $463
Investment in unconsolidated subsidiaries and affiliates was as follows:
Book value
Millions of yen
Thousands of
U.S. dollars
2011 2010 2011
Investment securities ................................................................................................... ¥2,947 ¥10,100 $36,838
Total ............................................................................................................................. ¥2,947 ¥10,100 $36,838
Note : Figures for 2010 include the cost of investment in jointly-controlled companies, amounting to ¥475 million.
6. NOTES AND ACCOUNTS RECEIVABLE
Notes and accounts receivable as of March 31, 2011 and 2010 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2011 2010 2011
Unconsolidated subsidiaries and affiliates ................................................................... ¥ 1,282 ¥ 3,528 $ 16,025
Trade ............................................................................................................................ 139,894 150,711 1,748,675
Total ............................................................................................................................. ¥ 141,176 ¥ 154,239 $ 1,764,700