Toshiba 2009 Annual Report Download - page 102

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50
Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
M arch 31, 2009
Thousands of U.S. dollars
Amount of gain (loss)
Amount of gain (loss) recognized in income (loss)
Amount of gain (loss) reclassified from accumulated (Ineffective portion and amount excluded
recognized in OCI OCI int o income (loss) from effectiveness testing)
Amount Amount Amount
recognized Location recognized Location recognized
Cash Flow Hedge:
Forward exchange
contracts $5,092 Other expense $(2,867) Other expense $(653)
Interest rate swap
agreements 4,020
Thousands of U.S. dollars
Amount of gain (loss)
recognized in income (loss)
Amount
Location recognized
Derivatives not designated
as hedging instruments:
Forward exchange
contracts Other expense $(11,286)
Interest rate swap
agreements Other income 20
22. LEASES
The Company leases manufacturing equipment, office and warehouse space, and certain other assets under operating leases.
Rent expenses under such leases for the years ended March 31, 2009 and 2008 were ¥128,010 million ($1,306,224 thousand)
and ¥91,130 million, respectively.
The Company also leases certain machinery and equipment which are accounted for as capital leases. As of March 31, 2009
and 2008, the costs under capital leases were approximately ¥78,100 million ($796,939 thousand) and ¥90,000 million, and the
related accumulated amortization were approximately ¥21,200 million ($216,327 thousand) and ¥41,200 million, respectively.
As of March 31, 2009 and 2008, the costs under capital leases from TFC and Toshiba Medical Finance Co., Ltd., affiliates
of the Company, were approximately ¥60,000 million ($612,245 thousand) and ¥81,200 million, and the related accumulated
amortization were approximately ¥15,700 million ($160,204 thousand) and ¥38,800 million, respectively.
Minimum lease payments for the Company’s capital and non-cancelable operating leases as of March 31, 2009 are as fol-
lows:
M illions of yen Thousands of U.S. dollars
Year ending March 31 Capital leases Operat ing leases Capital leases Operating leases
2010 ¥ 20,330 ¥ 88,050 $ 207,449 $ 898,470
2011 14,230 84,261 145,204 859,806
2012 9,337 61,833 95,276 630,949
2013 5,179 44,572 52,847 454,816
2014 3,254 15,647 33,204 159,663
Thereafter 13,016 27,617 132,816 281,806
Total minimum lease payments 65,346 ¥321,980 666,796 $3,285,510
Executory costs (3,243) (33,092)
Amounts representing interest (5,269) (53,765)
Present value of net minimum lease Payments 56,834 579,939
Less—current portion (18,367) (187,419)
¥ 38,467 $ 392,520