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72
Notes to Consolidated Financial Statements
Omron Corporation and Subsidiaries
7. Impairment loss on Long-lived Assets
8. Short-Term Debt and Long-Term Debt
Short-term debt at March 31 consisted of the following:
In accordance with SFAS No.144, the Companies recog-
nized the impairment losses for the fiscal year ended
March 31, 2009 on long-lived assets in Industrial
Automation business, Electronic Components Business,
Automotive Electronic Component Business and Other
Business. The amounts were ¥5,361 million ($54,704
thousand), ¥5,788 million ($59,061 thousand), ¥9,699 mil-
lion ($98,969 thousand) and ¥355 million ($3,622 thou-
sand), respectively. Due to the sharp deterioration of the
business environment in the automobile, FPD and semi-
conductor sectors, the carrying amount of the certain
groups of assets exceeded their fair value. The impair-
ment losses are included in other expenses (income), net
in the consolidated financial statements of operations.
The fair value of the group assets was estimated using
the expected present value of future cash flows.
2008 20092009
Commercial Paper
The weighted average annual interest rates
2008 0.8%
2009 0.8%
Unsecured debt:
The weighted average annual interest rates
2008 5.1%
2009 3.9%
Total
Millions of yen
Thousands of
U.S. dollars
¥ 31,000
1,970
¥ 32,970
¥ 16,000
1,795
¥ 17,795
$ 316,327
20,102
$ 336,429
Long-term debt at March 31 consisted of the following:
2008 20092009
Unsecured debt:
The weighted average annual interest rates
2008 2.9%
2009 1.3%
Other
Total
Less portion due within one year
Long-term debt, less current portion
Millions of yen
Thousands of
U.S. dollars
¥ 20,000
1,889
21,889
488
¥ 21,401
¥ 384
1,630
2,014
522
¥ 1,492
$ 204,082
19,276
223,358
4,980
$ 218,378
The annual maturities of long-term debt outstanding at March 31, 2009 were as follows:
Years ending March 31
2010
2011
2012
2013
2014
Thereafter
Total
Millions of yen
Thousands of
U.S. dollars
¥ 488
20,049
49
50
52
1,201
¥ 21,889
$ 4,979
204,582
500
510
531
12,255
$ 223,357
In accordance with SFAS No.142, the Companies recog-
nized the impairment losses for the fiscal year ended
March 31, 2009 related to goodwill allocated to the report-
ing units of Industrial Automation business, Electronic
Components Business, Automotive Electronic Component
Business and Healthcare Business. The amounts were
¥9,406 million ($95,980 thousand), ¥191 million ($1,949
thousand), ¥662 million ($6,755 thousand) and ¥6,554 mil-
lion ($66,878 thousand), respectively. Due to the sharp
deterioration of business environment in automobile sec-
tor, FPD sector and medical equipment sector, the fair
value of the associated reporting unit was decreased. The
impairment losses are included in other expenses (income),
net in the consolidated financial statements of operations.
The fair value of the reporting unit was estimated using
the expected present value of future cash flows.