Toshiba 2010 Annual Report Download - page 98

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Notes to Consolidated Financial Statements
Toshiba Corporation and Subsidiaries
March 31, 2010
Intangible assets acquired during the year ended March 31, 2010 primarily consisted of software of ¥24,768 million
($266,323 thousand) and goodwill of ¥18,376 million ($197,591 thousand). The weighted-average amortization period of
software for the year ended March 31, 2010 was approximately 4.9 years.
The weighted-average amortization periods for other intangible assets were approximately 11.5 years and 11.9 years for
the years ended March 31, 2010 and 2009, respectively. Amortization expenses of other intangible assets subject to amortiza-
tion for the years ended March 31, 2010 and 2009 are ¥42,410 million ($456,022 thousand) and ¥48,584 million, respective-
ly. The future amortization expense for each of the next 5 years relating to intangible assets currently recorded in the consoli-
dated balance sheets at March 31, 2010 is estimated as follows:
Thousands of
Year ending March 31 Millions of yen U.S. dollars
2011 ¥43,885 $ 471,882
2012 39,469 424,398
2013 30,916 332,430
2014 23,804 255,957
2015 13,683 147,129
Goodwill represents the excess of the purchase price over the fair value of the net assets acquired. The changes in the carrying
amount of goodwill for the years ended March 31, 2010 and 2009 are as follows:
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2010 2009 2010
Balance at beginning of year ¥310,715 ¥328,552 $3,341,022
Goodwill acquired during the year 18,376 6,709 197,591
Foreign currency translation adjustments (13,857) (24,546) (149,000)
Balance at end of year ¥315,234 ¥310,715 $3,389,613
As of March 31, 2010 and 2009, goodwill allocated within Social Infrastructure is ¥286,157 million ($3,076,957 thousand)
and ¥281,220 million, respectively. The rest were mainly allocated within Digital Products.
Goodwill acquired during the year ended March 31, 2010 is mainly related to the acquisition of Chevalier (HK) Limited
and its subsidiaries (Social Infrastructure).
11. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2010 and 2009 consist of the following:
Thousands of
Millions of yen U.S. dollars
March 31 2010 2009 2010
Loans, principally from banks, including bank
overdrafts, with weighted-average interest rate of
2.38% at March 31, 2010 and 1.34% at March 31, 2009:
Secured ¥708 ¥29$7,613
Unsecured 31,259 485,054 336,118
Commercial paper with weighted-average interest rate of
0.12% at March 31, 2010 and 1.26% at March 31, 2009 15,000 259,000 161,290
Euro yen medium-term notes of a subsidiary, with
weighted-average interest rate of 0.27% at March 31,
2010 and 0.93% at March 31, 2009 4,380 3,888 47,097
¥51,347 ¥747,971 $552,118
Substantially all of the short-term borrowings are with banks which have written basic agreements with the Company to the
effect that, with respect to all present or future loans with such banks, the Company shall provide collateral (including sums
on deposit with such banks) or guarantors immediately upon the bank’s request and that any collateral furnished pursuant to
such agreements or otherwise will be applicable to all indebtedness to such banks.
At March 31, 2010, the Company had unused committed lines of credit from short-term financing arrangements aggregat-
ing ¥362,304 million ($3,895,742 thousand), of which ¥9,304 million ($100,043 thousand) was in support of the Company’s
commercial paper. The lines of credit expire on various dates from April 2010 through March 2011. Under the agreements,
the Company is required to pay commitment fees ranging from 0.100 percent to 0.250 percent on the unused portion of the