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5. NOTES AND ACCOUNTS RECEIVABLE
Notes and accounts receivable as of March 31, 2012 and 2011 consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Unconsolidated subsidiaries and affiliates ..................................................................................................................... ¥ 1,092 ¥ 1,282 $ 13,650
Trade ......................................................................................................................................................................... 149,502 139,894 1,868,775
Total ........................................................................................................................................................................... ¥ 150,594 ¥ 141,176 $ 1,882,425
6. INVENTORIES
Inventories as of March 31, 2012 and 2011, consisted of the following:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Finished goods ........................................................................................................................................................... ¥ 61,963 ¥ 55,247 $ 774,538
Work in process and raw materials............................................................................................................................... 40,530 37,682 506,625
Total ........................................................................................................................................................................... ¥ 102,493 ¥ 92,929 $ 1,281,163
Write-downs of inventories for the years ended March 31, 2012 and 2011, were included in the following account:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Cost of sales ............................................................................................................................................................... ¥ 1,191 ¥ 1,208 $ 14,888
7. SHORT-TERM BORROWINGS
Short-term borrowings consisted principally of bank loans. The annual interest rates on these borrowings ranged from 0.68% to 5.99% and from 0.71% to 1.97% as of March 31,
2012 and 2011, respectively.
OLYMPUS 󱚈 Annual Report 2012 79