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Yamaha Corporation Annual Report 2002 Notes to Consolidated Financial Statements
32
10. CONTINGENT LIABILITIES
The Company had the following contingent liabilities at March 31, 2002:
Thousands of
Millions of Yen U.S. Dollars
Export bills discounted with banks......................................................................................................... ¥1,386 $10,402
As guarantors of indebtedness of others ................................................................................................. 129 968
11. AMOUNTS PER SHARE
Basic net income (loss) per share shown below is based on the weighted average number of shares of common stock
outstanding during each year. Diluted net income per share is based on the weighted average number of shares of
common stock outstanding each year after giving effect to the dilutive potential of common shares to be issued upon
the conversion of convertible bonds.
Net assets per share is based on the number of shares of common stock outstanding at each balance sheet date.
Yen U.S. Dollars
Years ended March 31 2002 2001 2002
Net income (loss):
Basic ..................................................................................................................................... ¥ (49.75) ¥ 64.50 $0.37
Diluted.................................................................................................................................. — 61.84 —
Yen U.S. Dollars
March 31 2002 2001 2002
Net assets.................................................................................................................................. ¥978.15 ¥952.62 $7.34
Diluted net loss per share for the year ended March 31, 2002 has not been presented because the computation of
net loss per share including the convertible bonds would have resulted in an anti-dilutive effect.
12. LEASES
Lessees’ accounting
The following pro forma amounts represent the acquisition costs, accumulated depreciation and net book value of the
leased assets as of March 31, 2002 and 2001, which would have been reflected in the balance sheets if finance leases
currently accounted for as operating leases had been capitalized.
Millions of Yen Thousands of U.S. Dollars
Tools Tools
and and
Year ended March 31, 2002 equipment Other Total equipment Other Total
Acquisition costs................................................................... ¥4,195 ¥1,159 ¥5,355 $31,482 $8,698 $40,188
Accumulated depreciation..................................................... 2,620 776 3,397 19,662 5,824 25,493
Net book value ...................................................................... ¥1,574 ¥ 382 ¥1,957 $11,812 $2,867 $14,687
Millions of Yen
Tools
and
Year ended March 31, 2001 equipment Other Total
Acquisition costs................................................................... ¥5,505 ¥1,066 ¥6,572
Accumulated depreciation..................................................... 3,112 706 3,819
Net book value ...................................................................... ¥2,393 ¥ 359 ¥2,752
Lease expenses relating to finance leases accounted for as operating leases amounted to ¥1,124 million ($8,435
thousand) and ¥1,473 million for the years ended March 31, 2002 and 2001, respectively.
Depreciation of the leased assets was computed by the straight-line method over the respective lease terms and the
interest portion is included in the lease payments.
Future minimum lease payments subsequent to March 31, 2002 for finance leases accounted for as operating
leases are summarized as follows:
Thousands of
Year ending March 31, Millions of Yen U.S. Dollars
2003 ............................................................................................................................................................ ¥ 458 $3,437
2004 and thereafter ..................................................................................................................................... 587 4,405
.................................................................................................................................................................... ¥1,045 $7,842