Pentax 2004 Annual Report Download - page 55

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53
No»5INVENTORIES
Inventories at March 31, 2004 and 2003 consisted of the following:
Thousands of
Millions of Yen U.S. Dollars
2004 2003 2004
Finished products and merchandise ¥14,088 ¥14,201 $132,906
Semi-finished products and work in process 7,357 7,713 69,406
Raw materials 5,347 5,675 50,443
Supplies 6,086 4,772 57,415
Total ¥32,878 ¥32,361 $310,170
No»6LONG-LIVED ASSETS
The Group reviewed its long-lived assets for impairment as of the year ended March 31, 2004 and, as a result, recognized an impairment
loss of ¥2,040 million ($19,245 thousand) as other expense for a decline in value of the property and other of the Crystal division of the
Musashi Plant and other due to a continuous operating loss of that unit. The carrying amount of the relevant machinery was written down
to the recoverable amount. The recoverable amount of that machinery group was measured at its value in use and the discount rate used
for computation of the present value of future cash flows was 5%.
No»7INVESTMENTS IN AND ADVANCES TO ASSOCIATED COMPANIES
Investments in and advances to associated companies at March 31, 2004 and 2003 were as follows:
Thousands of
Millions of Yen U.S. Dollars
2004 2003 2004
Investments ¥5,689 ¥4,953 $53,670
Advances (Long-term loan receivable) 12 24 113
Total ¥5,701 ¥4,977 $53,783
No»8SHORT-TERM BANK LOANS AND LONG-TERM BANK LOANS
Short-term bank loans at March 31, 2004 and 2003 consisted of notes to banks and bank overdrafts. The annual interest rates applicable
to the short-term bank loans ranged from 2.70% to 4.98% and 2.70% to 5.36% at March 31, 2004 and 2003, respectively.
Long-term debt at March 31, 2004 and 2003 consisted of the following:
Thousands of
Millions of Yen U.S. Dollars
2004 2003 2004
1.54% unsecured yen-denominated loans, due through 2005 ¥150 $1,415
6.89% unsecured Euro-denominated loans, due through 2005 ¥ 38
Other loans 1310
Total 151 41 1,425
Less current portion (151) (34) (1,425)
Long-term bank loans, less current portion (0 ¥ 7 (0
Annual maturities of long-term bank loans as of March 31, 2004 were as follows:
Thousands of
Year Ending March 31 Millions of Yen U.S. Dollars
2005 ¥ 151 $1,425,
53