Wacom 2010 Annual Report Download - page 17

31
(3) Research and development expenditures -
Research and development expenditures are included in
selling, general and administrative expenses. Such
expenses amounted to ¥ 1,441,953 thousand and
¥ 1,580,173 thousand ($16,984 thousand) for the years
ended March 31, 2009 and 2010, respectively.
(4) Gain on sales of noncurrent assets -
7. Consolidated statements of changes in net
assets:
Information regarding consolidated balance sheets as of
March 31, 2009 and 2010 is as follows.
(1) Type and number of shares outstanding and treasury stock -
(2) Matters related to dividends -
a)Dividends payment
Dividend payment approved at the board
meeting held on April 30, 2008 are as follows:
Number of shares as of March
31, 2008 (Unit: shares)
Number of shares increased during
the accounting periodended
March 31, 2009 (Unit: shares)
Number of shares decreased during
the accounting period ended
March 31, 2009 (Unit: shares)
Number of shares as of March 31,
2009 (Unit: shares)
Common stock
Type of shares outstanding
Total Common stock
Type of treasury stock
Total
420,156
1,540
-
421,696
420,156
1,540
-
421,696
-
20,000
-
20,000
-
20,000
-
20,000
Tools, furniture and fixtures
Total
Thousands of
U.S. dollars
Thousands of yen
Year ended March 31
2010
Year ended March 31
2009 2010
$-
$-
¥-
¥-
¥155
¥155
Machinery, equipment and
vehicles
Tools, furniture and fixtures
Total
Thousands of
U.S. dollars
Thousands of yen
Year ended March 31
2010
Year ended March 31
2009 2010
$7
6
$13
¥624
¥619
¥1,243
¥446
-
¥446
(5) Loss on sales of noncurrent assets -
Buildings and structures
Tools, furniture and fixtures
Other intangible assets
Total
Thousands of
U.S. dollars
Thousands of yen
Year ended March 31
2010
Year ended March 31
2009 2010
$-
324
42
$366
¥-
30,171
3,883
¥34,054
¥4,954
7,777
603
¥13,334
(6) Loss on retirement of noncurrent assets -
Note: a) Increase in the number of shares was due to exercise of stock options.
b) Increase in the number of treasury stock was due to purchase
of treasury stock based on the resolution of the board meeting.
Number of shares as of March
31, 2009 (Unit: shares)
Number of shares increased during
the accounting periodended
March 31, 2010 (Unit: shares)
Number of shares decreased during
the accounting period ended
March 31, 2010 (Unit: shares)
Number of shares as of March
31, 2010 (Unit: shares)
421,696
120
-
421,816
421,696
120
-
421,816
20,000
-
-
20,000
20,000
-
-
20,000
Common stock
Type of shares outstanding
Total Common stock
Type of treasury stock
Total
Note: Increase in the number of shares was due to exercise of stock options.
b) Dividends of which record date is attributable to
the accounting period ended March 31, 2009
and 2010, respectively, but to be effective after
said accounting period.
Board meeting on
April 30, 2008
(Approval by)
June 3,
2008
March 31,
2008
$25 $10,484
Common
stock
Total amont
of dividends
(Thousands
of U.S. dollars)
Type of
shares
Dividends
per share
(dollar)
Record
date
Effective
date
Board meeting on
May 8, 2009
(Approval by)
June 3,
2009
March 31,
2009
¥3,000¥1,205,088
Common
stock
Total amont
of dividends
(Thousands
of yen)
Type of
shares
Dividends
per share
(yen)
Record
date
Effective
date
Board meeting on
May 8, 2009
(Approval by)
June 3,
2009
March 31,
2009
$32$12,952
Common
stock
Total amont
of dividends
(Thousands
of U.S. dollars)
Type of
shares
Dividends
per share
(dollar)
Record
date
Effective
date
Dividends payment approved at the board meeting
held on May 8, 2009 are as follows:
(Approval by)
June 3,
2008
March 31,
2008
¥2,500¥1,050,390
Common
stock
Total amont
of dividends
(Thousands
of yen)
Type of
shares
Dividends
per share
(yen)
Record
date
Effective
date
Board meeting on
April 30, 2008
Board meeting on
May 8, 2009
(Approval by)
June 3,
2009
March 31,
2009
¥3,000¥1,205,088
Common
stock
Total amont
of dividends
(Thousands
of yen)
Type of
shares
Dividends
per share
(yen)
Record
date
Effective
date
Board meeting on
May 8, 2009
(Approval by)
June 3,
2009
March 31,
2009
$32$12,952
Common
stock
Total amont
of dividends
(Thousands
of U.S. dollars)
Type of
shares
Dividends
per share
(dollar)
Record
date
Effective
date
The Company resolved approval at the board meeting
held on May 8, 2009 as follows:
( b) Future lease payments under finance leases are as follows:
( c) Lease payments and amounts representing depreciation and interest
are as follows:
(2) Calculation method of depreciation equivalents
Depreciation equivalents are calculated using the
declining-balance method for tangible fixed assets
over the lease terms with residual value by 10%,
before multiplying by 10 and being divided by 9 and on
the straight-line method for the intangible assets over
the lease terms without residual value.
(3) Allocation of interest expense equivalents
Differences between total lease expenses and pur-
chase price equivalents of the leased properties
comprise interest expense equivalents and insurance,
maintenance and certain other operating costs.
Interest expense equivalents are allocated using the
interest method over the lease terms.
(4) Minimum lease payments under non-cancelable
operating leases are as follows:
There is no impairment losses allocated to leased assets.
Notes to Consolidated Financial Statements
32
Board meeting on
April 30, 2010
(Approval by)
June 3,
2010
March 31,
2010
¥3,000¥1,205,448
Common
stock
Total amont
of dividends
(Thousands
of yen)
Type of
shares
Dividends
per share
(yen)
Record
date
Effective
date
Board meeting on
April 30, 2010
(Approval by)
June 3,
2010
March 31,
2010
$32 $12,956
Common
stock
Total amont
of dividends
(Thousands
of U.S. dollars)
Type of
shares
Dividends
per share
(dollar)
Record
date
Effective
date
The Company resolved approval at the board meeting
held on April 30, 2010 as follows:
8. Consolidated statements of cash flow:
Information regarding consolidated statements of
cash flows for the years ended March 31, 2009 and
2010 is as follows.
(1) Cash and cash equivalents as of March 31, 2009
and 2010, is consisted of as follows -
9. Leases:
Finance lease transactions that do not transfer
ownership of the assets have been accounted for as
ordinary sale and purchase transactions. The
amended standards (See Note 3) are applied to new
lease contracts entered since the fiscal year ended
March 31, 2009. Such new contracts, however, have
not been entered for the fiscal year ended March 31,
2009 and 2010.
Finance lease transactions that do not transfer
ownership of the assets which commenced before
April 1, 2008, have been accounted for using the same
method as for operating leases continuously. Such
finance lease transactions of the Company and its
subsidiaries, as a lessee, are shown below:
(1) Finance leases, which do not transfer ownership
of the assets to the lessee and are accounted
for as operating leases, are as follows:
(a) Acquisition costs of leased assets under finance leases are as follows:
Cash and deposits
Short-term investment securities
Less: Held-to-maturity
debt securities due within one year
Cash and cash equivalents
Thousands of
U.S. dollars
Thousands of yen
2010
$132,740
-
-
$132,740
¥12,350,113
-
-
¥12,350,113
¥9,994,114
1,520,000
(500,000)
¥13,577,194
2009 2010
Machinery, equipment and vehicles
Tools, furniture and fixtures
¥2,705
16,419
¥19,124
¥1,919
15,319
¥17,238
¥786
1,100
¥1,886
Thousands of yen
Net balance as of
March 31, 2009
Acquisition
cost
Accumulated
depreciation
$29
71
$100
$25
67
$92
$4
4
$8
Machinery, equipment and vehicles
Tools, furniture and fixtures
Thousands of U.S. dollars
Net balance as of
March 31, 2010
Acquisition
cost
Accumulated
depreciation
Thousands of yen
Net balance as of
March 31, 2010
Acquisition
cost
Accumulated
depreciation
Machinery, equipment and vehicles
Tools, furniture and fixtures
¥2,705
6,608
¥9,313
¥2,320
6,286
¥8,606
¥385
322
¥707
¥2,440
2,136
¥4,576
¥1,654
482
¥2,136
$18
5
$23
Due within one year
Due after more than one year
Thousands of
U.S. dollars
Thousands of yen
2009 2010 2010
¥4,261
2,463
300
¥2,440
1,179
174
$26
13
2
Lease payments
Amount representing depreciation
Amount representing interest
2009 2010 2010
¥109,381
115,089
¥224,470
¥100,514
110,897
¥211,411
$1,080
1,192
$2,272
Due within one year
Due after one year
Total minimum lease payments
Thousands of
U.S. dollars
Thousands of yen
2009 2010 2010
Thousands of
U.S. dollars
Thousands of yen