Omron 2007 Annual Report Download - page 64

63
Millions of yen
Millions of yen
(*) Investments and other assets include acquired goodwill of ¥6,554 million.
and ¥22 million for the years ended March 31, 2007, 2006 and
2005, respectively.
Proceeds from sales of available-for-sale securities were ¥976
million ($8,271 thousand), ¥6,511 million and ¥1,638 million for
the years ended March 31, 2007, 2006 and 2005, respectively.
Gross realized gains on sales were ¥805 million ($6,822 thou-
sand), ¥4,119 million and ¥788 million for the years ended March
31, 2007, 2006 and 2005, respectively.
There were no gross realized losses on sales for the years
ended March 31, 2007, 2006 and 2005.
The fair value of available-for-sale securities contributed to
a retirement benefit trust was ¥16,019 million ($135,754 thou-
sand) and the gain on contribution was ¥10,141 million ($85,941
thousand) for the year ended March 31, 2007.
In June 2005, OMRON Healthcare Co., Ltd., a subsidiary of the
Company, acquired 100% of the issued common stock of Colin
Medical Technology Corporation (now OMRON Colin Co., Ltd.,
“OHK”) for cash in the aggregate amount of ¥8,943 million.
This acquisition was to expand healthcare business, to obtain
synergies with OHK and to create preventive medicine market
through the acquisition of OHK’s medical devices business for
healthcare professionals. The consolidated financial statements
for the year ended March 31, 2006 include the operating results
of OHK from the date of acquisition. The estimated fair values of
the assets acquired and liabilities assumed at the date of acqui-
sition were as follows:
In August 2006, the Company acquired 100% of the issued com-
mon stock of Pioneer Precision Machinery Corporation (now
OMRON Precision Technology Co., Ltd., “OPT”) for cash in the
aggregate amount of ¥7,721 million ($65,432 thousand).
This acquisition was to expand and strengthen LCD backlights
business from small-size to large-size.
The consolidated financial statements for the year ended
March 31, 2007 include the operating results of OPT from the
date of acquisition. The estimated fair values of the assets
acquired and liabilities assumed at the date of acquisition were as
follows:
In September 2006, OMRON Management Center of
America, Inc., a subsidiary of the Company, acquired 100% of the
issued common stock of Scientific Technologies Incorporated
(now OMRON Scientific Technologies Incorporated, “OSTI”) for
cash in the aggregate amount of ¥11,667 million ($98,873 thou-
sand).
This acquisition was to fulfill line-up of safety equipment,
expand safety business and create cutting-edge equipment.
The consolidated financial statements for the year ended
March 31, 2007 include the operating results of OSTI from the
date of acquisition. The estimated fair values of the assets acquired
and liabilities assumed at the date of acquisition were as follows:
5. Acquisition
Current assets
Property, plant and equipment
Investments and other assets (*)
Current liabilities
Long term liabilities
Net assets acquired
¥4,339
996
6,747
(2,958)
(181)
¥8,943
(*) Investments and other assets include acquired goodwill of ¥2,179 million ($18,466
thousand).
Current assets
Property, plant and equipment
Investments and other assets (*)
Current liabilities
Long term liabilities
Net assets acquired
Thousands of
U.S. dollars
$155,076
32,101
32,670
(138,000)
(16,415)
$65,432
¥18,299
3,788
3,855
(16,284)
(1,937)
¥7,721
Current assets
Property, plant and equipment
Investments and other assets (*)
Current liabilities
Long term liabilities
Net assets acquired
Thousands of
U.S. dollars
Millions of yen
$20,873
3,881
96,271
(6,737)
(15,415)
$98,873
¥2,463
458
11,360
(795)
(1,819)
¥11,667
(*) Investments and other assets include acquired goodwill of ¥7,044 million ($59,695
thousand).