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13. Restructuring Charges
These restructuring charges for the year ended March 31,
2009 are mainly related to the reorganization of LCD plants,
including depreciation and maintenance charges of ¥43,051
million concerning plants that are suspended due to centraliza-
tion and optimization of LCD production and impairment
losses of fixed assets of ¥9,468 million.
These restructuring charges for the year ended March 31,
2010 are mainly related to the reorganization of LCD plants,
including depreciation and maintenance charges concerning
plants that are suspended due to centralization and optimiza-
tion of LCD production.
(Impairment Loss)
With regards to application of accounting for impairment
assets, the Company and its consolidated subsidiaries
identifies cash generating units in consideration of business
characteristics and business operation. As a result, idle assets
are identified as respective cash generating units.
As a part of the reorganization of LCD plants, the Company
and its consolidated subsidiaries mainly reduced the book
value of LCD production facilities which are expected not to
be used to recoverable amount, and recognized the
decreased amount of ¥9,468 million as restructuring charges
categorized in Other Income (Expenses) for the year ended
March 31, 2009.
Details are as follows: ¥4,926 million, for machinery and
equipment; ¥1,262 million, for buildings and structures;
¥3,280 million, for the others.
The recoverable amount of those impaired assets was
measured using their net realizable values, and net realizable
values of impaired assets that are not expected to be sold are
regarded as zero.
Financial Section
SHARP CORPORATION62