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25. OUTFLOW OF MONEY FROM FUNDS
Outflow of money from funds of ¥2,448 million recorded in the consolidated statement of cash flows for the year ended March 31, 2011 represents the amount of fees determined to
be uncollectible due to the decrease in fund assets, which are included in long-term accounts receivable.
26. COLLECTION OF FUND ASSETS
Collection of fund assets of ¥65,553 million recorded in the consolidated statement of cash flows for the year ended March 31, 2011 represents cash collected from the funds.
27. 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 on or before March 31, 2008 are not capitalized and are accounted for in the same manner as operating leases. Certain information
for such non-capitalized finance leases as of or for the years ended March 31, 2012 and 2011 were as follows:
Millions of yen
Thousands of
U.S. dollars
(Equivalent amount) 2012 2011 2012
Acquisition cost. .......................................................................................................................................................... ¥ 1,257 ¥ 3,301 $ 15,713
Accumulated depreciation ........................................................................................................................................... (1,061) (2,639) (13,262)
Accumulated loss on impairment ................................................................................................................................. (1) (4) (13)
Estimated net book value. ............................................................................................................................................ ¥ 195 ¥ 658 $ 2,438
Millions of yen
Thousands of
U.S. dollars
(Future lease payments) 2012 2011 2012
Due within one year .................................................................................................................................................... ¥ 141 ¥ 446 $ 1,763
Due after one year ...................................................................................................................................................... 74 225 925
Total ......................................................................................................................................................................... 215 671 2,688
Balance of impairment loss account on leased assets included in the outstanding future lease payments ......................... ¥ 1 ¥ 4 $ 13
Millions of yen
Thousands of
U.S. dollars
(Lease payments and pro forma information) 2012 2011 2012
Lease payments .......................................................................................................................................................... ¥ 456 ¥ 1,150 $ 5,700
Equivalent of depreciation expense............................................................................................................................... 413 1,060 5,163
Equivalent of interest expense ...................................................................................................................................... 16 46 200
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.
OPERATING LEASE TRANSACTIONS (LESSEE):
Future minimum lease payments under the non-cancelable operating leases subsequent to March 31, 2012 and 2011 were as follows:
(As of March 31, 2012) Millions of yen Thousands of U.S. dollars
Due within one
year
Due after one
year
Total minimum
lease
payments
Due within one
year
Due after one
year
Total minimum
lease
payments
¥ 14 ¥ 11 ¥ 25 $ 175 $ 138 $ 313
(As of March 31, 2011) Millions of yen
Due within one
year
Due after one
year
Total minimum
lease
payments
¥ 30 ¥ 23 ¥ 53
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
OLYMPUS 󱚈 Annual Report 2012
88