Yamaha 2007 Annual Report Download - page 37

71 Yamaha Annual Report 2007 72
As of March 31
Acquisition costs
Accumulated depreciation
Net book value
2007
$ 45,938
31,343
$ 14,587
2006
¥ 5,887
4,333
¥ 1,554
2007
¥ 5,423
3,700
¥ 1,722
Millions of Yen
Thousands of
U.S. Dollars
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, 2007 and 2006:
Years ended March 31
Basic net income per share:
Net income
Amounts not attributable to shareholders of common stock:
Directors’ bonuses appropriated from retained earnings
Amounts attributable to shareholders of common stock
Weighted-average number of shares outstanding
Diluted net income per share:
Adjustments arising from dilution:
Equity in earnings of unconsolidated subsidiaries and affiliates
Increase in number of shares outstanding
Dilution arising from conversion of convertible bonds
2007
¥ 27,866 million
—
—
27,866
206,126 thousand shares
¥ (17)million
(17)
—
—
2007
$ 236,053 thousand
—
—
236,053
$ (144)thousand
(144)
—
—
2006
¥ 28,123 million
80
80
28,043
206,139 thousand shares
¥ (24) million
(24)
—
—
The calculation of basic net income per share and diluted net income per share was determined as follows:
As of March 31, 2007
Acquisition costs
Accumulated depreciation
Net book value
¥ 1,782
975
¥ 806
¥ 467
261
¥ 205
¥ 2,249
1,237
¥ 1,012
$ 15,095
8,259
$ 6,828
$ 3,956
2,211
$ 1,737
$ 19,051
10,479
$ 8,573
Tools and
equipment Other Total
Tools and
equipment Other Total
Millions of Yen Thousands of U.S. Dollars
As of March 31, 2006
Acquisition costs
Accumulated depreciation
Net book value
¥ 2,171
1,192
¥ 978
¥ 604
346
¥ 258
¥ 2,775
1,539
¥ 1,236
Tools and
equipment Other Total
Millions of Yen
Year ending March 31,
2008
2009 and thereafter
Total
$ 4,075
4,490
$ 8,573
¥ 481
530
¥ 1,012
Millions of Yen
Thousands of
U.S. Dollars
21. LEASES
Lessees’ accounting
The following pro forma amounts represent the acquisition costs, accumulated depreciation and net book value of the leased assets at
March 31, 2007 and 2006 which would have been reflected in the consolidated balance sheets if the finance leases currently accounted
for as operating leases had been capitalized:
Lease expenses relating to finance leases accounted for as operating leases amounted to ¥699 million ($5,921 thousand) and ¥725
million for the years ended March 31, 2007 and 2006, respectively.
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 payments.
Future minimum lease payments subsequent to March 31, 2007 for finance leases accounted for as operating leases are summarized as
follows:
Basic net income per share is computed based on the net income available for distribution to shareholders of common stock and
the weighted-average number of shares of common stock outstanding during each year. Diluted net income per share is computed
based on the net income available for distribution to the shareholders and the weighted-average number of shares of common stock
outstanding each year after giving effect to the dilutive potential of shares of common stock to be issued upon the conversion of con-
vertible bonds.
Net assets per share are based on the net assets available for distribution to the shareholders and the number of shares of common
stock outstanding at each balance sheet date.
Years ended March 31
Net income:
Basic
Diluted
2007
$ 1.15
1.14
2006
¥ 136.04
135.92
2007
¥ 135.19
135.11
Yen U.S. Dollars
At March 31
Net assets
2007
$ 14.24
2006
¥ 1,532.62
2007
¥ 1,680.91
Yen U.S. Dollars
20. AMOUNTS PER SHARE
Export bills discounted with banks
Guarantees of indebtedness of others
$ 7,471
5,464
¥ 882
645
Millions of Yen
Thousands of
U.S. Dollars
19. CONTINGENT LIABILITIES
The Company and its consolidated subsidiaries had the following contingent liabilities at March 31, 2007: