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81Annual Report 2008
Future minimum lease payments subsequent to March 31, 2008 for finance leases accounted for as operating leases are
summarized as follows:
Year ending March 31, Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2009 ¥371 $3,703
2010 and thereafter 396 3,952
Total ¥767 $7,655
Lessors’ accounting
The following amounts represent the acquisition costs, accumulated depreciation and net book value of leased assets relating to
finance leases accounted for as operating leases at March 31, 2008 and 2007:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
As of March 31 2008 2007 2008
Acquisition costs ¥5,060 ¥5,297 $50,504
Accumulated depreciation 3,673 3,685 36,660
Net book value ¥1,386 ¥1,611 $13,834
Lease income and depreciation expense relating to finance leases accounted for as operating leases amounted to ¥874
million ($8,723 thousand) and ¥552 million ($5,510 thousand), respectively, for the year ended March 31, 2008, and ¥993 million
and ¥573 million, respectively, for the year ended March 31, 2007.
Depreciation of leased assets is computed by the straight-line method over the respective lease terms and the interest por-
tion is included in lease income.
Future minimum lease income subsequent to March 31, 2008 for finance leases accounted for as operating leases is sum-
marized as follows:
Year ending March 31, Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2009 ¥ 714 $ 7,126
2010 and thereafter 1,370 13,674
Total ¥2,084 $20,800