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39
TOSHIBA Annual Report 2013
Other intangible assets acquired during the year ended March 31, 2013 primarily consisted of software of ¥23,550 million
($250,532 thousand). The weighted-average amortization period of software for the year ended March 31, 2013 was
approximately 4.3 years.
The weighted-average amortization periods for other intangible assets were approximately 11.0 years and 11.4 years for
the years ended March 31, 2013 and 2012, respectively. Amortization expenses of other intangible assets subject to
amortization for the years ended March 31, 2013 and 2012 are ¥46,480 million ($494,468 thousand) and ¥47,877 million,
respectively. The future amortization expense for each of the next 5 years relating to other intangible assets currently
recorded in the consolidated balance sheets at March 31, 2013 is estimated as follows:
Year ending March 31 Millions of yen
Thousands of
U.S. dollars
2014 ¥ 51,841 $ 551,500
2015 35,268 375,191
2016 27,430 291,809
2017 22,632 240,766
2018 19,104 203,234
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, 2013 and 2012 are as follows:
Millions of yen
Thousands of
U.S. dollars
Year ended March 31 2013 2012 2013
Balance at beginning of year ¥ 403,750 ¥ 283,453 $ 4,295,213
Goodwill acquired during the year 84,769 123,171 901,798
Foreign currency translation adjustments 61,318 (2,874) 652,318
Balance at end of year ¥ 549,837 ¥ 403,750 $ 5,849,329
As of March 31, 2013 and 2012, goodwill allocated to Social Infrastructure is ¥433,049 million ($4,606,904 thousand) and
¥375,669 million, respectively. The rest was mainly allocated to Digital Products.
Toshiba TEC Corporation (“TEC”), a consolidated subsidiary of the Company, entered into an agreement with IBM and
acquired IBM's Retail Store Solutions business. Accordingly, the Company is in the process of allocating the purchase price
to the assets acquired and liabilities assumed in accordance with ASC No.805 “Business Combinations” (“ASC No.805”) but
the process has not been finalized. The provisional amounts as of March 31, 2013 will be generally adjusted by increasing
or decreasing goodwill when the purchase price allocation is finalized.
11. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2013 and 2012 consist of the following:
Millions of yen
Thousands of
U.S. dollars
March 31 2013 2012 2013
Loans and overdrafts, principally from banks, with
weighted-average interest rate of 1.67% at March 31, 2013,
and 1.04% at March 31, 2012:
Secured ¥ − ¥ 22,646 $ −
Unsecured 130,453 96,869 1,387,798
Commercial paper with weighted-average interest rate of
0.13% at March 31, 2013 61,000 − 648,936
¥ 191,453 ¥ 119,515 $ 2,036,734