Yamaha 2009 Annual Report Download - page 60

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its domestic consolidated subsidiaries have changed their method of accounting for depreciation of tangible fixed assets acquired on or
before March 31, 2007 to depreciating the residual value of such assets which have been fully depreciated to their respective depre-
ciable limits under the Tax Law to nominal value over a period of five years based on the straight-line method.
As a result of this change, for the year ended March 31, 2008, operating income, and income before income taxes and minority
interests both decreased by ¥927 million and net income decreased by ¥588 million from the corresponding amounts which would have
been recorded under the previous method.
The effect of this change on segment information is disclosed in Note 24.
3. U.S. DOLLAR AMOUNTS
Solely for the convenience of the reader, the accompanying consolidated financial statements for the year ended March 31, 2009 have
been presented in U.S. dollars by translating all yen amounts at ¥98.23 = U.S.$1.00, the exchange rate prevailing on March 31, 2009.
This translation should not be construed as a representation that yen have been, could have been, or could in the future be converted into
U.S. dollars at the above or any other rate.
4. INVESTMENT SECURITIES
Investment securities at March 31, 2009 and 2008 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2009 2008 2009
Investments in and advances to unconsolidated subsidiaries and affiliates ¥ 2,269 ¥ 2,573 $ 23,099
Other 54,862 107,370 558,506
Investment securities ¥57,131 ¥109,943 $581,604
5. INVENTORIES
Inventories at March 31, 2009 and 2008 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2009 2008 2009
Merchandise and finished goods ¥56,580 ¥50,699 $575,995
Work in process 13,526 16,150 137,697
Raw materials and supplies 10,588 9,453 107,788
¥80,694 ¥76,304 $821,480
By adopting the “Accounting Standard for Measurement of Inventories” starting from April 1, 2008, the Company reduced the book
value of “Cost of sales” and “Business restructuring expenses” in “Other income (expenses)” by ¥1,625 million ($16,543 thousand) and ¥67
million ($682 thousand) respectively for the year ended March 31, 2009.
6. ACCUMULATED DEPRECIATION
Accumulated depreciation at March 31, 2009 and 2008 amounted to ¥216,107 million ($2,200,010 thousand) and ¥215,202 million, respectively.
58 Yamaha Corporation