Omron 2009 Annual Report Download - page 73

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71
In June 2007, the Company acquired 95% of the issued
common stock of Laserfront Technologies Co., Ltd. (now
Omron Laserfront Inc., “OLFT”) for cash in the aggregate
amount of ¥8,099 million.
This acquisition was to expand laser business by
enhancing line-up of products focusing on laser process-
ing technology.
The consolidated financial statements for the year
ended March 31, 2008 include the operating results of
OLFT from July 2007. The estimated fair values of the
assets acquired and liabilities assumed at the date of
acquisition were as follows:
(*) Investments and other assets include acquired goodwill of ¥3,668
million
Current assets
Property, plant and equipment
Investments and other assets (*)
Current liabilities
Long term liabilities
Minority interest
Net assets acquired
Millions of yen
¥ 6,186
619
7,354
(3,863)
(1,940)
(257)
¥ 8,099
6. Goodwill and Other Intangible Assets
The components of acquired intangible assets excluding goodwill at March 31, 2009 and 2008 were as follows:
Gross amount Accumulated
amortization
Accumulated
amortization
Intangible assets
subject to amortization:
Software
Other
Total
Millions of yen
2009 2008 2009
Thousands of U.S. dollars
¥ 25,210
2,845
¥ 28,055
Gross amount
¥ 38,875
4,416
¥ 43,291
Accumulated
amortization
¥ 21,900
2,535
¥ 24,435
Gross amount
¥ 30,280
3,458
¥ 33,738
$ 308,980
35,285
$ 344,265
$ 223,469
25,868
$ 249,337
Aggregate amortization expense related to intangible assets was ¥6,462 million ($65,939 thousand), ¥6,769 million and
¥5,762 million for the years ended March 31, 2009, 2008 and 2007, respectively.
Intangible assets not subject to amortization at March 31, 2009 and 2008 were immaterial.
Estimated amortization expense for the next five years ending March 31 is as follows:
Years ending March 31
2010
2011
2012
2013
2014
Millions of yen
Thousands of
U.S. dollars
¥ 3,745
2,722
1,525
746
178
$ 38,214
27,776
15,561
7,612
1,816
The carrying amount of goodwill at March 31, 2009 and 2008 and changes in its carrying amount for the years ended
March 31, 2009 and 2008 were as follows:
2008 20092009
Balance at beginning of year
Acquisition
Impairment
Foreign currency translation adjustments and other
Balance at end of year
Millions of yen
Thousands of
U.S. dollars
¥ 22,236
—
(16,813)
(1,455)
¥ 3,968
¥ 19,021
4,131
—
(916)
¥ 22,236
$ 226,898
—
(171,561)
(14,847)
$ 40,490