Sharp 2015 Annual Report Download - page 53

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value based on appraisal valuations.
In addition, the Company and its consolidated subsidiaries reduced the book value of goodwill and
recognized a decreased amount of ¥1,827 million as an impairment loss due to the unlikelihood of an
estimated profitability to be generated by the consolidated subsidiaries in U.S.A. for the year ended
March 31, 2015.
Details of restructuring charges for the year ended March 31, 2015 were as follows:
(a) Employee termination payments associated with personnel rationalization, transition to a new
value chain and others, contract termination penalties, additional costs on product warranties due to
restructuring reform of the appliance business in Europe (¥9,212 million)
(b) Loss associated with transfer of equity interests of Sharp Manufacturing Poland, which is a subsid-
iary of the Company located in Poland and production bases of LCD TVs (¥5,476 million)
(c) Costs of exiting from a part of the research and development project for the LCD TV business
(¥3,338 million)
(d) Mainly employee termination payments due to the restructuring reform of the overseas LCD TV
business (¥3,213 million)
15. Restructuring Charges
For the year ended March 31, 2015, regarding thin-film solar cells produced by 3Sun s. r. l., an overseas
affiliated company to which the equity method is applied, the Company recognized a loss due to a settle-
ment payment in the amount of ¥14,382 million to Enel Green Power S. p. A. for certain consideration
for undertaking to purchase from the Company thin-film solar cells the Company was originally respon-
sible for purchasing based on a long-term supply contract.
16. Settlement
Transactions with related parties for the year ended March 31, 2015 are as followings:
17. Transactions with Related Parties
Notes: 1. Consumption tax is not included in the transaction amount but included in the balance at the end of fiscal year.
2. Transaction amounts are determined by price negotiations after taking market conditions into account.
Category Associated company
Company name Sakai Display Products Corporation
Location Sakai city Sakai ku
Investment amount 15,000
Details of business Development, manufacture and sale of device business components
Holding or held ratio Direct holding: 39.9%
Relation of related party Manufacture of the Company’s products
Detail of transaction Purchases of products
Transaction amount 150,077
Account Accounts payable
Balance at the end of the term 28,165
Yen (millions)
Notes to the Consolidated Financial Statements
51
Notes to the Consolidated
Financial Statements
Financial Section
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015
Consolidated
Subsidiaries
Independent Auditor’s
Report
Consolidated Statements of
Cash Flows
Consolidated Statements of
Changes in Net Assets
Consolidated Statements of
Comprehensive Income
Consolidated Statements of
Operations
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary