The redemption schedule for monetary claims and securities with maturity dates as of April 30, 2014 and 2013 are summarized as follows:
Millions of yen
2014
5. Securities
(1) The following tables summarize acquisition costs, carrying values and differences of securities with available fair values as of April 30, 2014 and 2013:
Other securities:
Securities with carrying values exceeding acquisition costs
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Acquisition cost
Equity securities ¥ 368 ¥ 510 $ 3,590
Bonds - - -
Limited partnerships and similar
investments 92 110 897
Other - 103 -
Total 460 724 4,487
Carrying value
Equity securities 455 585 4,439
Bonds - - -
Limited partnerships and similar
investments 103 115 1,005
Other - 117 -
Total 558 817 5,443
Difference
Equity securities 87 74 849
Bonds - - -
Limited partnerships and similar
investments 11 5 107
Other - 14 -
Total ¥ 98 ¥ 93 $ 956
Other securities:
Securities with carrying values not exceeding acquisition costs
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Acquisition cost
Equity securities ¥ 369 ¥ 355 $ 3,600
Bonds 569 599 5,551
Limited partnerships and similar
investments 301 335 2,936
Other 10 - 98
Total 1,248 1,289 12,174
Carrying value
Equity securities 324 352 3,161
Bonds 569 599 5,551
Limited partnerships and similar
investments 301 335 2,936
Other 10 - 98
Total 1,204 1,285 11,745
Difference
Equity securities (44) (3) (429)
Bonds - - -
Limited partnerships and similar
investments - - -
Other - - -
Total ¥ (44) ¥ (3) $ (429)
Equity securities included stocks of non-consolidated subsidiaries and affiliates of ¥2 million ($20 thousand) and ¥2 million at April 30, 2014 and 2013, respectively.
(2) The following table summarizes total sales amounts of other securities sold, and amounts of the related gains and losses in the years ended April 30, 2014 and 2013:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Total sales of
other securities sold ¥ 293 ¥ 1,333 $ 2,858
Related gains 50 119 488
Related losses - 124 -
(3) The following table summarizes impairment losses on other securities in the years ended April 30, 2014 and 2013:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Other securities with fair value ¥ - ¥ - $ -
Other securities without fair value 1 2 10
6. Leases
The following pro forma amounts represent the acquisition costs, accumulated depreciation, impairment losses and net balance of leased assets as of April 30, 2014 and 2013, which would have been reflected in the consolidated balance sheets if finance lease accounting had been applied to the finance leases currently accounted for as operating leases as allowed under Japanese GAAP.
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Acquisition cost
Buildings ¥ 207 ¥ 207 $ 2,019
Other fixed assets 56 82 546
Intangible fixed assets 23 65 224
Total 286 354 2,790
Accumulated depreciation
Buildings 170 160 1,658
Other fixed assets 36 56 351
Intangible fixed assets 23 42 224
Total 229 258 2,234
Impairment losses
Buildings - - -
Other fixed assets - - -
Intangible fixed assets - - -
Total - - -
Net balance
Buildings 37 47 361
Other fixed assets 20 26 195
Intangible fixed assets - 24 -
Total ¥ 57 ¥96 $ 556
Future minimum lease payments as of April 30, 2014 and 2013 for finance leases currently accounted for as operating leases are summarized as follows:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Due within one year ¥ 28 ¥ 27 $ 273
Due after one year 88 109 858
Total ¥ 116 ¥ 135 $1,132
The following table summarizes details of lease expenses, reversal of impairment losses for leased assets, depreciation, interest expense and impairment losses, if they had been capitalized:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Lease expense ¥ 45 ¥ 100 $ 439
Reversal of impairment losses for
leased assets - - -
Depreciation 16 66 156
Interest expense 21 25 205
Impairment losses - - -
Equivalent interest is calculated by applying the interest method to allocate for each fiscal year over the
term of the lease the difference between the total lease amount and the equivalent acquisition price of
the leased asset.
Remaining lease expenses for non-cancellable operating lease transactions are as follows:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Due within one year ¥ 608 ¥ 569 $ 5,931
Due after one year 4,139 4,109 40,377
Total ¥ 4,746 ¥4,678 $46,298
7. Short-term debt and long-term debt
Short-term debt and long-term debt at April 30, 2014 and 2013 consisted of the following:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Short-term bank loans with a weighted-average interest rate of
0.4% ¥ 3,307 ¥ 3,555 $ 32,260
Current portion of long-term debt with a weighted-average interest rate
of 0.6% 3,229 3,928 31,499
Current portion of lease obligation with a weighted-average interest rate
of 1.3% 567 499 5,531
Long-term debt (2015-2034) with a weighted-average interest rate of
0.6% 4,503 8,049 43,927
Lease obligation (2015-2022) with a weighted-average interest rate of
1.5% 1,454 1,223 14,184
Total ¥ 13,059 ¥ 17,254 $ 127,392
At April 30, 2014 and 2013, the carrying amounts of assets pledged as collateral for long-term debt are as follows:
Assets pledged as collateral: Thousands of
Millions of yen U.S. dollars
2014 2013 2014
Buildings ¥ 20 ¥ 5 $ 195
Land 11 28 107
Investments in securities 6 6 59
Total ¥ 37 ¥ 39 $ 361
Liabilities corresponding to
collateral: Thousands of
Millions of yen U.S. dollars
2014 2013 2014
Accounts payable ¥ 2 ¥ 3 $ 20
Long-term debt 60 25 585
Total ¥ 62 ¥ 28 $ 605
The aggregate annual maturities of long-term debt at April 30, 2014 are as follows:
Thousands of Year ending April 30, Millions of yen U.S. dollars
2015 ¥ 3,229 $ 31,499
2016 2,589 25,256
2017 1,237 12,067
2018 394 3,844
2019 142 1,385
The aggregate annual maturities of lease obligations at April 30, 2014 are as follows:
Thousands of Year ending April 30, Millions of yen U.S. dollars
2015 ¥ 567 $ 5,531
2016 518 5,053
2017 438 4,273
2018 288 2,809
2019 109 1,063
8. Sales, disposal and impairment of fixed assets
(1) Gains and losses on sales of fixed assets for the years ended April 30, 2014 and 2013 are as follows:
Gains on sales of fixed assets: Thousands of
Millions of yen U.S. dollars
2014 2013 2014
Buildings and structures ¥ - ¥ 17 $ -
Land 4 1 39
Other property, plant and
equipment 0 3 0
Other intangible fixed assets 0 - 0
Total ¥ 4 ¥ 21 $ 39
Losses on sales of fixed assets: Thousands of
Millions of yen U.S. dollars
2014 2013 2014
Buildings and structures ¥ 6 ¥ 84 $ 59
Land 174 - 1,697
Construction in progress - 11 -
Other property, plant and
equipment 0 11 0
Other intangible fixed assets - 9 -
Other investments and other
assets - 0 -
Disposal cost - 16 -
Total ¥ 181 ¥ 132 $ 1,766
(2) Losses on disposal of fixed assets for the years ended April 30, 2014 and 2013 are as follows:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Buildings and structures ¥ 27 ¥ 0 $ 263
Other property, plant and
equipment 8 0 78
Goodwill 2 - 20
Other intangible fixed assets 5 - 49
Deposits and guarantees 63 - 615
Other investments and other
assets 21 - 205
Disposal cost 30 - 293
Total ¥ 155 ¥ 0 $ 1,512
(3) For the years ended April 30, 2014 and 2013, the Company recognized impairment losses for the following property groups:
Thousands of Millions of yen U.S. dollars
2014 2013 2014
Property group Description of assets
Stores Store facilities ¥ 120 ¥ 136 $ 1,171
Real estate Land 21 7 205
Stores and real estate Store facilities and land 43 - 419
Leasehold properties Store facilities 6 15 59
Total ¥ 190 ¥ 159 $ 1,853
9. Retirement benefits
(1) Defined-benefit pension plan
(a) Reconciliation of the beginning and the ending balance of retirement benefit obligation (excluding the amount of the simplified method)
Thousands of Millions
of yen U.S. dollars
2014 2014
Balance as of May 1, 2013 ¥ 1,803 $ 17,589
Service costs 225 2,195
Interest cost on retirement benefit obligation 18 176
Actuarial gains (losses) incurred 102 995
Pension and severance payments (60) (585)
Other (1) (10)
Balance as of April 30, 2014 ¥ 2,087 $ 20,359
(b) Reconciliation of the beginning and the ending balance of plan assets (excluding the amount of the simplified method)
Thousands of Millions
of yen U.S. dollars
2014 2014
Balance as of May 1, 2013 ¥ 325 $ 3,170
Expected return on plan assets 2 20
Actuarial gains (losses) incurred 7 68
Business owner’s contribution 86 839
Pension and severance payments (14) (137)
Balance as of April 30, 2014 ¥ 406 $ 3,961
(c) Reconciliation of the beginning and the ending balance of liabilities of the simplified method Thousands of Millions
of yen U.S. dollars
2014 2014
Balance as of May 1, 2013 ¥ 213 $ 2,078
Retirement benefit expenses 72 702
Business owner’s contribution (36) (351)
Pension and severance payments (27) (263)
Other 24 234
Balance as of April 30, 2014 ¥ 246 $ 2,400
(d) Reconciliation of the retirement benefit obligation and plan assets to net defined benefit liability and net defined benefit asset reported on the consolidated balance sheet
Thousands of Millions
of yen U.S. dollars
2014 2014
Funded retirement benefit obligation ¥ 2,311 $ 22,544
Plan assets (451) (4,400)
Subtotal 1,860 18,145
Unfunded retirement benefit obligation 67 654
Net of liability and asset reported on the
consolidated balance sheet 1,927 18,798
Net defined benefit liability 1,927 18,798
Net of liability and asset reported on the
consolidated balance sheet ¥ 1,927 $ 18,798
(e) Retirement benefit expenses for the years ended April 30, 2014 comprised the following:
Thousands Millions of
of yen U.S.
dollars
2014 2014
Service costs ¥ 225 $ 2,195
Interest cost on retirement benefit obligation 18 176
Expected return on plan assets (2) (20)
Amortization of actuarial losses 68 663
Amortization of prior service costs (35) (341)
Retirement benefit expenses calculated under
the simplified method 72 702
Retirement benefit expenses
¥ 347 $ 3,385 (f) Remeasurements of defined benefit plans
The breakdown of remeasurements of defined benefit plans (before deducting tax effect) is as shown below:
Thousands of Millions of
yen U.S. dollars
2014 2014
Unrecognized prior service costs ¥ (152) $ (1,483)
Unrecognized actuarial gains 244 2,380
Total ¥ 92 $ 897
(g) Plan assets
(i) Percentages for major categories within total plan assets are as follows:
2014
Bonds 6%
Stocks 5%
General account 63%
Other 26%
Total 100%
(ii) Method of establishing the long-term expected return on plan assets
The long-term expected return on plan assets is determined by taking into consideration current and expected allocation of plan assets, as well as the current and future long-term expected profitability of the diverse assets that constitute the plan assets.
(h) Actuarial assumptions used in accounting for the Company’s plans as of April 30, 2014 are principally as follows:
2014
ドキュメント内
ANNUAL REPORT 2014 IR Library：IR Information｜AIN PHARMACIEZ
(ページ 39-47)