Yamaha 2009 Annual Report Download - page 62

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8. LAND REVALUATION
For the years ended March 31, 2009 and 2008, the Company, and one consolidated subsidiary have carried over the revaluation of their
landholdings at the following dates in accordance with the “Law Concerning the Revaluation of Land” (Law No. 34 published on March
31, 1998):
Dates of Revaluation
One consolidated subsidiary March 31, 2000
The Company March 31, 2002
The Company and one consolidated subsidiary determined the value of their land based on the respective value registered in the land
tax list or the supplementary land tax list as specified in No.10 or No.11 of Article 341 of the Local Tax Law governed by Item 3 of Article 2
of the Enforcement Order for the “Law Concerning the Revaluation of Land” (Cabinet Order No.119 published on March 31, 1998).
The excess of the revalued carrying amount of such land over its market value at the balance sheet dates is summarized as follows:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2009 2008 2009
Excess of revalued carrying amount of land over market value ¥(12,129) ¥(13,246) $(123,476)
9. LOSS ON IMPAIRMENT OF FIXED ASSETS
The following table summarizes loss on impairment of fixed assets for the year ended March 31, 2009:
Group of Fixed Assets Location Impaired Assets
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2009 2009
Semiconductor business assets Aira-gun, Kagoshima Prefecture
Iwata-shi, Shizuoka Prefecture
Buildings and structures ¥ 2,070 $ 21,073
Machinery and equipment 3,264 33,228
Land 222 2,260
Total 5,559 56,592
Recreation business assets Katsuragi recreation facility
Fukuroi-shi, Shizuoka Prefecture
Buildings and structures 1,132 11,524
Land 2,785 28,352
Total 3,918 39,886
Goodwill Goodwill related to subsidiaries
NEXO and Steinberg
Goodwill 5,665 57,671
Total 5,665 57,671
Idle assets Hamamatsu-shi, Shizuoka Prefecture Buildings and structures 00
Machinery and equipment 179 1,822
Total 180 1,832
Total
Buildings and structures 3,203 32,607
Machinery and equipment 3,445 35,071
Land 3,008 30,622
Goodwill 5,665 57,671
Total ¥15,323 $155,991
60 Yamaha Corporation