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38 TOSHIBA Annual Report 2014
Toshiba Corporation and Subsidiaries
March 31, 2014
Notes to Consolidated Financial Statements
Other intangible assets acquired during the year ended March 31, 2014 primarily consisted of software of ¥41,198 million
($399,981 thousand). The weighted-average amortization period of software for the year ended March 31, 2014 was
approximately 5.3 years.
The weighted-average amortization periods for other intangible assets were approximately 12.1 years and 11.4 years for
the years ended March 31, 2014 and 2013, respectively. Amortization expenses of other intangible assets subject to
amortization for the years ended March 31, 2014 and 2013 are ¥54,867 million ($532,689 thousand) and ¥47,387 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, 2014 is estimated as follows:
Year ending March 31 Millions of yen
Thousands of
U.S. dollars
2015 ¥ 49,897 $ 484,437
2016 40,702 395,165
2017 33,697 327,155
2018 29,175 283,252
2019 26,606 258,311
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, 2014 and 2013 are as follows:
Millions of yen
Thousands of
U.S. dollars
Year ended March 31 2014 2013 2014
Balance at beginning of year ¥ 509,700 ¥ 403,750 $ 4,948,544
Goodwill฀acquired฀during฀the฀year 14,186 50,652 137,728
Foreign฀currency฀translation฀adjustments 56,272 55,298 546,330
Balance at end of year ¥ 580,158 ¥ 509,700 $ 5,632,602
As of March 31, 2014 and 2013, goodwill allocated to Energy & Infrastructure is ¥474,793 million ($4,609,641 thousand) and
¥410,459 million, respectively. The rest was mainly allocated to Community Solutions.
11. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2014 and 2013 consist of the following:
Millions of yen
Thousands of
U.S. dollars
March 31 2014 2013 2014
Loans฀and฀overdrafts,฀principally฀from฀banks,฀with
weighted-average฀interest฀rate฀of฀3.92%฀at฀March฀31,฀2014,
and฀1.67%฀at฀March฀31,฀2013:
Secured ¥ − ¥ − $ −
Unsecured 91,105 130,453 884,514
Commercial฀paper฀with฀weighted-average฀interest฀rate฀of
0.11%฀at฀March฀31,฀2014,฀and฀0.13%฀at฀March฀31,฀2013: 55,000 61,000 533,981
¥ 146,105 ¥ 191,453 $ 1,418,495