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33
TOSHIBA Annual Report 2014
Assets and liabilities measured at fair value on a non-recurring basis
Assets that are measured at fair value on a non-recurring basis at March 31, 2014 and 2013 are as follows:
Millions of yen
Year ended March 31, 2014 Level 1 Level 2 Level 3 Total
Assets:
Equity securities ¥ − ¥ − ¥ 632 ¥ 632
Investments in and advances to affiliates 3,000 − 37,683 40,683
Component held for sale − − 7,441 7,441
Total assets ¥ 3,000 ¥ − ¥ 45,756 ¥ 48,756
Millions of yen
Year ended March 31, 2013 Level 1 Level 2 Level 3 Total
Assets:
Equity securities ¥ − ¥ − ¥ 166 ¥ 166
Investments in and advances to affiliates 25,886 − 2,411 28,297
Long-lived฀assets฀held฀for฀use − − 0 0
Component held for sale − − 7,500 7,500
Total assets ¥ 25,886 ¥ − ¥ 10,077 ¥ 35,963
Thousands of U.S. dollars
Year ended March 31, 2014 Level 1 Level 2 Level 3 Total
Assets:
Equity securities $ − $ − $ 6,136 $ 6,136
Investments in and advances to affiliates 29,126 − 365,854 394,980
Component held for sale − − 72,243 72,243
Total assets $ 29,126 $ − $ 444,233 $ 473,359
Certain non-marketable equity securities accounted for under the cost method were written down to their fair value,
resulting in other-than-temporary impairment for the years ended March 31, 2014 and 2013. The impaired securities were
classified within Level 3 as they were valued based on the specific valuation techniques and hypotheses of the Group
with unobservable inputs.
Previous equity interests of newly controlled subsidiaries in step acquisitions and retained investment in the former
subsidiary were remeasured to their fair value for the years ended March 31, 2014 and 2013. Some of them were classified
within Level 1 as they were valued based on quoted market prices in active markets. Others were classified within Level 3
as they were valued based on the specific valuation techniques and hypotheses of the Group with unobservable inputs.
Certain equity method investments in and advances to affiliates were written down to their fair value, resulting in
other-than-temporary impairment for the year ended March 31, 2014. Some of them were classified within Level 1 as they
were valued based on quoted market prices in active markets. Others were classified within Level 3 as they were valued
based on the specific valuation techniques and hypotheses of the Group with unobservable inputs.
The impaired long-lived assets were classified within Level 3 as they were valued based on future assumptions such as
discounted cash flows expected to be generated by the related assets with unobservable inputs for the year ended March
31, 2013.
Component held for sale were classified within Level 3 as they were valued based on future assumptions such as cash
flows expected to be generated by the related assets with unobservable inputs for the years ended March 31, 2014 and
2013. The loss of component held for sale in loss from discontinued operations, before noncontrolling interests is ¥6,117
million ($59,388 thousand) for the year ended March 31, 2014.
As a result, the net impacts from continuing operations for the years ended March 31, 2014 and 2013 were ¥37,267
million ($361,816 thousand) loss and ¥10,238 million loss, respectively. They are included in selling, general and
administrative, and other income and other expense.