Wacom 2008 Annual Report Download - page 31

Notes to Consolidated Financial Statements
4. Notes receivable and payable:
(1) Notes receivable with maturity on March 31, or
fiscal year end, are settled on the date of bank
clearing and then included in this fiscal year are
such notes with maturity on March 31, 2007, as
notes receivable for ¥14,016 thousand.
The following is certain information relating to the
aggregate acquisition cost and market value of
securities in fiscal year 2008.
(i) Held-to-maturity debt securities with fair market value
(iii) Securities for which market price or quotations
are not available.
Other securities
Non-marketable equity securities ¥56,394
¥56,394
Thousands of yen
Book carrying amount
March 31, 2007
(iii) Securities for which market price or quotations
are not available.
Other securities
Non-marketable equity securities
other
(ii) Total sale of available-for-sale securities
Proceeds from sales of “Other securities”
Gain on sales of “Other securities”
Loss on sales of “Other securities”
¥3,649
3,649
–
Thousands of yen
March 31, 2007
$363
$54,896
$55,259
¥36,429
¥5,500,000
¥5,536,429
Thousands of
U.S. dollars
Thousands of
yen
Book carrying
amount
Book carrying
amount
March 31, 2008
(iv) Redemption schedule
The redemption schedule of held-to-maturity debt securities as of March 31, 2008
(ii) Total sale of available-for-sale securities
There are not any items which should be disclosed in this section.
March 31, 2008
Securities with fair market value not
exceeding book carrying amount-other:
Book carrying amount
Fair market value
Difference
¥500,000
499,250
(¥750)
$4,990
4,983
($7)
Thousands of
U.S. dollars
Thousands of
yen
Bonds
(1) Government bonds,
Municipal bonds , etc.
(2) Corporate bonds
(3) Others
Other
Thousands of yen
–
500,000
–
¥500,000
Due 2009~2012
–
–
–
Due 2008
¥ –
¥ – ¥ –
–
–
–
Due 2013~2017
¥ –
–
–
–
Due 2018
¥ –
¥ – ¥ –
Bonds
(1) Government bonds,
Municipal bonds , etc.
(2) Corporate bonds
(3) Others
Other
Thousands of U.S. dollars
–
4,990
–
$4,990
Due 2009~2012
–
–
–
Due 2008
$–
–
–
–
Due 2013~2017
$–
–
–
–
Due 2018
$–
$– $– $– $–
5. Short-term and long-term debt:
Short-term debt consisting of bank borrowings at
March 31, 2007 and 2008 is ¥600,000 thousand and
¥600,000 thousand ($5,989 thousand), respectively,
with annual average interest rates of 1.250% and
1.443%, respectively.
Long-term debt at March 31, 2007 and 2008
comprises the following:
Unsecured bank loans due
2007 to 2008 with average
interest rates of 1.820% per
annumLess: Portion due
within one year
¥70,000
(70,000)
¥–
Thousands of
U.S. dollars
Thousands of yen
March 31
2007 2008 2008
March 31
¥ –
–
¥ –
$–
–
$–
The amount of pension assets
The amount of benefit obligations under pension funding programs
Difference
¥7,615,148
(6,931,374)
¥683,774
Thousands of
yen
$76,007
(69,182)
$6,825
Thousands of
U.S. dollars
6. Accrued retirement benefits:
The Company has an unfunded retirement allowance
plan (the "Plan") covering substantially all of its
employees who meet eligibility requirements under the
Plan. In addition, the Company is a member of the
Saitama prefectural industrial park multi-employer
pension plan, which covers substantially all of its
employees and provides for benefits under the
governmental welfare pension benefit plan, which would
otherwise be provided by the Japanese government. This
multi-employer pension plan does not permit us to
reasonably calculate the value of the pension plan assets
based on our contributions. As a result, this
multi-employer pension plan is excluded from the
calculation of projected benefit obligation.
Overview of multi-employer pension plan is as
follow,under which the required contributions to the plan
are charged to income.
(1) The funded status of the pension plan as of March 31,
2008
(2) The ratio of the number of company's employees to
total employees to the plan as of March 31, 2007 is
15.2%.
(1) Projected benefit obligation
(2)
Unrecognized actuarial loss
(3) Accrued retirement benefits
for employees (1)+(2)
(¥345,993)
14,128
(¥331,865)
(¥383,101)
12,496
(¥370,605)
($3,824)
125
($3,699)
Thousands of
U.S. dollars
Thousands of yen
2007 2008 2008
The accrued retirement benefits for employees as of
March 31, 2007 and 2008 can be analyzed as follows:
(2) Notes payable with maturity on March 31, or
fiscal year end, are settled on the date of bank
clearing and then included in this fiscal year are
such notes with maturity on March 31, 2007, as
notes payable for ¥248,804 thousand.
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