Olympus 2011 Annual Report Download - page 57

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OLYMPUS 2011 55
Millions of yen
Thousands of
U.S. dollars
(Lease payments and pro forma information) 2011 2010 2011
Lease payments ........................................................................................................... ¥ 1,150 ¥ 1,967 $ 14,375
Equivalent of depreciation expense .............................................................................. 1,060 1,819 13,250
Equivalent of interest expense ..................................................................................... 46 102 575
Loss on impairment ...................................................................................................... — 35 —
Equivalent of depreciation expense is computed using the straight-line method over the lease terms assuming no residual value.
Equivalent of interest expense is computed using the interest rate method over the lease terms for the difference between acquisition cost
and total lease payments.
Future minimum lease payments under the non-cancelable operating leases having remaining terms in excess of one year as of March
31, 2011 and 2010 were as follows:
(As of March 31, 2011) Millions of yen Thousands of U.S. dollars
Due in One Year
or Less
Due after One
Year
Total minimum
lease payments
Due in One Year
or Less
Due after One
Year
Total minimum
lease payments
¥30 ¥23 ¥53 $375 $288 $663
(As of March 31, 2010) Millions of yen
Due in One Year
or Less
Due after One
Year
Total minimum
lease payments
¥23 ¥16 ¥39
FINANCE LEASE TRANSACTIONS( LESSOR):
Leased Investment Assets
Millions of yen
Thousands of
U.S. dollars
Current Assets 2011 2010 2011
Lease receivables ......................................................................................................... ¥ 17,352 ¥ 13,838 $ 216,900
Estimated residual value .............................................................................................. 2,289 1,310 28,613
Interest income ............................................................................................................ (2,352) (2,749) (29,400)
Leased investment assets ............................................................................................ ¥ 17,289 ¥ 12,399 $ 216,113
Millions of yen
Thousands of
U.S. dollars
Investment and Other Assets 2011 2010 2011
Lease receivables ......................................................................................................... ¥ 20,574 ¥ 16,797 $ 257,175
Estimated residual value .............................................................................................. 2,268 3,243 28,350
Interest income ............................................................................................................ (2,519) (3,267) (31,487)
Leased investment assets ............................................................................................ ¥ 20,323 ¥ 16,773 $ 254,038
Amounts of lease receivables and leased investment assets to be collected after the consolidated closing date.
(As of March 31, 2011) Millions of yen
Due in One Year
or Less
Due after One
Year through Two
Years
Due after Two
Years through
Three Years
Due after Three
Years through
Four Years
Due after Four
Years through
Five Years
Due after Five
Years
Current Assets
Lease receivables ...................................... ¥ — ¥ — ¥ — ¥ — ¥ — ¥ —
Lease investment assets............................ 17,179 67 54 35 17 —
Investment and Other Assets
Lease receivables ...................................... — — — — — —
Lease investment assets............................ — 12,254 6,342 1,463 382 133
(As of March 31, 2010) Millions of yen
Due in One Year
or Less
Due after One
Year through Two
Years
Due after Two
Years through
Three Years
Due after Three
Years through
Four Years
Due after Four
Years through
Five Years
Due after Five
Years
Current Assets
Lease receivables ...................................... ¥ — ¥ — ¥ — ¥ — ¥ — ¥ —
Lease investment assets............................ 13,725 37 37 29 10 —
Investment and Other Assets
Lease receivables ...................................... — — — — — —
Lease investment assets............................ —9,450 5,684 1,140 346 177