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64 Yamaha Annual Report 2005
Lessors’ accounting
The following amounts represent the acquisition costs, accumulated depreciation and the net book value of leased assets relating to
finance leases accounted for as operating leases at March 31, 2005 and 2004:
Lease income and depreciation expenses relating to finance leases accounted for as operating leases amounted to ¥1,197 million
($11,146 thousand) and ¥663 million ($6,174 thousand), and ¥1,082 million and ¥638 million, respectively, for the years ended March
31, 2005 and 2004.
Depreciation of leased assets is computed by the straight-line method over the respective lease terms and the interest portion is
included in the lease income.
Future minimum lease income subsequent to March 31, 2005 for finance leases accounted for as operating leases is summarized
as follows:
18. SECURITIES
(a) Held-to-maturity debt securities with determinable market value
Year ended March 31, 2005
Securities whose fair value exceeds their carrying value:
Government and municipal bonds
Corporate bonds
Other
Securities whose carrying value does not exceed their fair value:
Government and municipal bonds
Corporate bonds
Other
Total
¥ 459
639
1,549
2,649
—
—
199
199
¥ 2,849
¥ 462
643
1,566
2,672
—
—
199
199
¥ 2,871
¥2
3
16
22
—
—
(0)
(0)
¥ 22
$ 4,274
5,950
14,424
24,667
—
—
1,853
1,853
$ 26,529
$ 4,302
5,988
14,582
24,881
—
—
1,853
1,853
$ 26,734
$ 19
28
149
205
—
—
(0)
(0)
$ 205
Carrying
value
Estimated
fair value
Unrealized
gain (loss)
Carrying
value
Estimated
fair value
Unrealized
gain (loss)
Millions of Yen Thousands of U.S. Dollars
Years ended March 31
Acquisition costs
Accumulated depreciation
Net book value
2005
$ 58,125
39,398
$ 18,726
2004
¥ 5,752
4,135
¥ 1,616
2005
¥ 6,242
4,231
¥ 2,011
Millions of Yen
Thousands of
U.S. Dollars
Year ending March 31,
2006
2007 and thereafter
Total
$ 10,988
21,101
32,098
¥ 1,180
2,266
¥ 3,447
Millions of Yen
Thousands of
U.S. Dollars