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54 OLYMPUS 2011
20. 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, 2011, 2010 and 2009 were as follows:
Millions of yen
Thousands of
U.S. dollars
2011 2010 2009 2011
Cash and time deposits .......................................................................... ¥ 213,561 ¥ 206,783 ¥ 136,877 $ 2,669,513
Less: Time deposits with maturities over three months .......................... (3,176) (3,770) (4,157) (39,700)
Cash and cash equivalents ..................................................................... ¥ 210,385 ¥ 203,013 ¥ 132,720 $ 2,629,813
21. CASH FLOW FROM ACQUISITION OF CONSOLIDATED SUBSIDIARIES
Details of assets and liabilities when Spiration, Inc., Innov-X Systems, Inc. and other subsidiaries were consolidated, acquisition costs of
shares and related payments for the acquisition for the year ended March 31, 2011 were as follows:
Millions of yen
Thousands of
U.S. dollars
Current assets ......................................................................................................................................... ¥ 3,246 $ 40,575
Noncurrent assets ................................................................................................................................... 10,807 135,088
Goodwill ................................................................................................................................................. 7,406 92,575
Current liabilities .................................................................................................................................... (2,921) (36,513)
Noncurrent liabilities .............................................................................................................................. (3,733) (46,662)
Shareholders' equity ............................................................................................................................... (1,251) (15,638)
Sub-total: acquisition cost of newly consolidated subsidiaries ............................................................... 13,554 169,425
Cash and cash equivalents owned by newly consolidated subsidiaries .................................................... (1,226) (15,325)
Net: Payments for acquisition of newly consolidated subsidiaries .......................................................... ¥ 12,328 $ 154,100
22. 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
Current assets ................................................................................................................................................................. ¥ 28,886
Noncurrent assets ........................................................................................................................................................... 13,929
Current liabilities ............................................................................................................................................................ (11,727)
Noncurrent liabilities ...................................................................................................................................................... (1,580)
Foreign currency translation adjustment ......................................................................................................................... 555
Gain on transfer of business ............................................................................................................................................ 47,674
Price for transfer of business .......................................................................................................................................... 77,737
Proceeds from sale not yet collected ............................................................................................................................... (1,957)
Cash and cash equivalents .............................................................................................................................................. (1,378)
Net: Proceeds from transfer of business ......................................................................................................................... ¥ 74,402
23. INFORMATION FOR CERTAIN LEASE TRANSACTIONS
FINANCE 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 whose contract commenced before April 1, 2008 are not capitalized and
are accounted for in the same manner as operating leases. Certain information for such non-capitalized finance leases for the years ended
March 31, 2011 and 2010 were as follows
Millions of yen
Thousands of
U.S. dollars
(Equivalent amount) 2011 2010 2011
Acquisition cost ........................................................................................................... ¥ 3,301 ¥ 6,174 $ 41,263
Accumulated depreciation ........................................................................................... (2,639) (4,464) (32,988)
Accumulated loss on impairment ................................................................................. (4) (27) (50)
Estimated net book value ............................................................................................. ¥ 658 ¥ 1,683 $ 8,225