Yamaha 2010 Annual Report Download - page 59

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The assets pledged as collateral for long-term loans payable and certain other current liabilities at March 31, 2010 and 2009 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2010 2009 2010
Short-term investment securities ¥ 370 ¥ 695 $ 3,977
Property, plant and equipment, net of accumulated depreciation 207 204 2,225
Investment securities 450 370 4,837
¥1,028 ¥1,270 $11,049
The above assets were pledged as collateral for “Short-term loans payable” of ¥35 million ($376 thousand) and “Advances received” of
¥986 million ($10,598 thousand) at March 31, 2010, and for “Short-term loans payable” of ¥59 million and “Advances received” of ¥1,385
million at March 31, 2009.
9. LAND REVALUATION
For the year ended March 31, 2010, the Company has carried over the revaluation of their landholdings at the date of revaluation in accor-
dance with the “Law Concerning the Revaluation of Land” (Law No. 34 published on March 31, 1998). The date of revaluation was March
31, 2002.
And for the year ended March 31, 2009, the Company, and one consolidated subsidiary have carried over the revaluation of their land-
holdings at the following dates in accordance with the “Law Concerning the Revaluation of Land” (Law No. 34 published on March 31,
1998). The dates of revaluation were as follows:
Dates of Revaluation
One consolidated subsidiary March 31, 2000
The Company March 31, 2002
For the years ended March 31, 2010 and 2009, 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 March 31, 2010 and 2009 is summarized as follows:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2010 2009 2010
Excess of revalued carrying amount of land over market value ¥(1,607) ¥(12,129) $(17,272)
10. LOSS ON IMPAIRMENT OF FIXED ASSETS
The following table summarizes loss on impairment of fixed assets for the year ended March 31, 2010:
Group of Fixed Assets Location Impaired Assets
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
2010 2010
Idle assets, etc. Hamamatsu-shi, Shizuoka
Prefecture, etc.
Buildings and structures ¥ 468 $ 5,030
Machinery and equipment 18 193
Land 1,473 15,832
Leasehold rights 111
Total ¥1,962 $21,088
Method of grouping assets
The Company and its consolidated subsidiaries group fixed assets based on business segments, which are regarded as the smallest units
independently generating cash flows.
Background leading to the recognition of impairment losses
The Company and its consolidated subsidiaries recognized impairment losses on idle assets and properties that companies are planning
to dispose.
Method for computing the recoverable amount
The recoverable amounts of idle assets, etc. are measured as the net sale value of such assets, based the assessed values for property
tax purposes.
Annual Report 2010 57
Financial Section