Yamaha 2011 Annual Report Download - page 76

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74 Yamaha Corporation
(b) Amounts corresponding to the future minimum lease payments subsequent to March 31, 2011
Years ending March 31 Millions of yen
Thousands of
U.S. dollars (Note 3)
2012 ¥ 83 $ 998
2013 and thereafter 608 7,312
Total ¥692 $8,322
Amounts corresponding to the future minimum lease payments include interest expense since the balance of future minimum lease pay-
ments accounts for only a small percentage of property, plant and equipment as of the balance sheet date.
(c) Amounts corresponding to the lease payments and depreciation
Years ending March 31, 2011 Millions of yen
Thousands of
U.S. dollars (Note 3)
Lease payments ¥109 $1,311
Depreciation 109 1,311
(d) Method of calculating the amount of the depreciation of leased assets
Depreciation of leased assets is calculated by straight-line method over the lease period with their residual value at zero.
Lessors’ accounting
Operating Lease Transactions
Future minimum lease amounts receivable 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 ¥436 $ 5,244
2013 and thereafter 480 5,773
Total ¥916 $11,016
2010
Lessees’ accounting
Operating Lease Transactions
Future minimum lease payments subsequent to March 31, 2010 on noncancellable leases are as follows:
Years ending March 31 Millions of yen
2011 ¥ 580
2012 and thereafter 1,656
Total ¥2,237
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
As of March 31, 2010
Buildings and
structures
Machinery and
equipment Other Total
Acquisition costs ¥993 ¥335 ¥45 ¥1,375
Accumulated depreciation 270 253 32 556
Net book value ¥723 ¥ 82 ¥13 ¥ 819
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.