Sharp 2006 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2006 Sharp annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 58

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58

SHARP ANNUAL REPORT 2006 42
the evaluation of effectiveness of the hedging contracts is not required.
The credit risk of such derivatives is assessed as being low
because the counter-parties of these transactions are prestigious
financial institutions.
(n) Impairment of fixed assets
Effective for the year ended March 31, 2006, the Company and
its domestic consolidated subsidiaries adopted the new account-
ing standard for impairment of fixed assets (“Opinion Concerning
Establishment of Accounting Standard for Impairment of Fixed Assets”
issued by the Business Accounting Deliberation Council on August
9, 2002) and the implementation guidance for the accounting stan-
dard for impairment of fixed assets (Financial Standards
Implementation Guidance No.6 issued by the Accounting
Standards Board of Japan on October 31, 2003), resulted in no
impact on the financial statements.
(o) Reclassifications
Certain prior year amounts have been reclassified to conform
to 2006 presentation. These changes had no impact on previously
reported results of operations.
2. Short-term Investments and Investments In Securities
Equity securities .................................................................
Other ................................................................................. ¥ 94,134
345
¥ 94,479
¥ (1,936)
—
¥ (1,936)
¥ 49,587
110
¥ 49,697
¥ 46,483
235
¥ 46,718
Fair market value
Unrealized losses
Unrealized gains
Acquisition cost
Yen (millions)
2006
The following is a summary of other securities with available fair market values as of March 31, 2005 and 2006:
Equity securities.................................................................
Other ................................................................................. $ 811,500
2,974
$ 814,474
$ (16,690)
—
$ (16,690)
$ 427,474
948
$ 428,422
$ 400,716
2,026
$ 402,742
Fair market value
Unrealized losses
Unrealized gains
Acquisition cost
U.S. Dollars (thousands)
2006
Equity securities.................................................................
Other .................................................................................
¥ 59,566
509
¥ 60,075
¥ (680)
—
¥ (680)
¥ 23,237
179
¥ 23,416
¥ 37,009
330
¥ 37,339
Fair market value
Unrealized losses
Unrealized gains
Acquisition cost
Yen (millions)
2005