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73
Annual Report 2011
2011
Lessees’ accounting
Operating Lease Transactions
Future minimum lease payments subsequent to March 31, 2011 on noncancellable leases are as follows:
Years ending March 31 Millions of yen
Thousands of
U.S. dollars (Note 3)
2012 ¥ 526 $ 6,326
2013 and thereafter 1,320 15,875
Total ¥1,847 $22,213
Finance Lease Transactions in which Ownership is not Transferred to the Lessee Commencing on or before March 31, 2008
(a) Amounts related to leased assets corresponding to the acquisition cost, accumulated depreciation and net book value at the end
of the year
Millions of yen Thousands of U.S. dollars (Note 3)
As of March 31, 2011
Buildings and
structures
Machinery and
equipment Other Total
Buildings and
structures
Machinery and
equipment Other Total
Acquisition costs ¥993 ¥129 ¥37 ¥1,160 $11,942 $1,551 $445 $13,951
Accumulated depreciation 332 104 31 468 3,993 1,251 373 5,628
Net book value ¥660 ¥ 24 ¥ 6 ¥ 692 $ 7,937 $ 289 $ 72 $ 8,322
Amounts corresponding to the acquisition costs include interest expense since the balance of future minimum lease payments accounts for
only a small percentage of property, plant, and equipment as of the balance sheet date.
19. Leases
The following table represents a reconciliation of “Cash and deposits” and “Cash and cash equivalents” at March 31, 2011 and 2010:
Millions of yen
Thousands of
U.S. dollars (Note 3)
2011 2010 2011
Cash and deposits ¥57,210 ¥59,407 $688,034
Time deposits with a maturity of more than three months (264) (172) (3,175)
Short-term (securities) investments with maturities of three months or less when purchased
1,500 — 18,040
Cash and cash equivalents ¥58,446 ¥59,235 $702,898
Breakdown of principal assets and liabilities of Yamaha Livingtec Corporation and its two wholly owned subsidiaries (as of March 31, 2010), which is
excluded from consolidation by the sales of its shares by the Company for the year ended March 31, 2010:
Millions of yen
Current assets ¥ 8,433
Noncurrent assets 8,413
Total assets ¥16,847
Current liabilities ¥ 8,173
Noncurrent liabilities 4,100
Total liabilities ¥12,274
Regarding land for business purposes that is included in noncurrent assets, these companies have carried out the revaluation of landholdings
in accordance with the Law Regarding the Partial Revision to the Land Revaluation Law (Law No.34, published on March 31, 1998). As of March 31,
2010, the market value of these companies’ land, revalued in accordance with relevant legal regulations was ¥2,087 million below the carrying value
of such land on the these companies’ balance sheets.
18. Supplementary Cash Flow Information