Annual Report 2012

The carrying amounts and aggregate fair values of marketable securities for investments as of March 31, 2012 and 2011 were as follows:
Millions of yen
2012
Cost Unrealized gain Unrealized loss Fair Value
Available-for-sale securities
Equity securities ···································································· ¥ 69,148 ¥ 1,957 ¥ 12,898 ¥ 58,207
Debt securities and other ······················································· 47 — 8 39
Total ·················································································· ¥ 69,195 ¥ 1,957 ¥ 12,906 ¥ 58,246
Thousands of U.S. dollars(Note 1)
2012
Cost Unrealized gain Unrealized loss Fair Value
Available-for-sale securities
Equity securities ···································································· $ 841,319 $ 23,811 $ 156,929 $ 708,201
Debt securities and other ······················································· 572 — 97 475
Total ·················································································· $ 841,891 $ 23,811 $ 157,026 $ 708,676
Millions of yen
2011
Cost Unrealized gain Unrealized loss Fair Value
Available-for-sale securities
Equity securities ···································································· ¥ 69,149 ¥ 18,881 ¥ 571 ¥ 87,459
Debt securities and other ······················································· 47 — 9 38
Total ·················································································· ¥ 69,196 ¥ 18,881 ¥ 580 ¥ 87,497
Proceeds from sales of securities and gross realized gain or loss on those sales for the years ended March 31, 2012 and 2011 were as follows:
Millions of yen Thousands of U.S. dollars (Note 1)
2012 2011 2012
Proceeds ································································································ ¥ 10 ¥ 4,805 $ 122
Gains on sales ························································································ — 836 —
Losses on sales ······················································································ — 0 —
* Evaluation of investment securities
For the year ended March 31, 2011, the Company recognized
devaluation of ¥231million on available-for-sale securities. The
Compnay recognizes devaluation losses on investment securities
whose values have declined by at least 50% of their book value unless
7. Leases
on a reasonable and consistence basis. In cases in which the values
have declined 30% to 50%, we recognize evaluation losses except
when the value is deemed to be recoverable.
Finance leases entered into prior to April 1, 2008 that do not transfer ownership of leased property to the lessee are accounted for as if they were
operating leases. The details of such finance leases accounted for as operating leases at March 31, 2012 and 2011 were as follows:
Millions of yen Thousands of U.S. dollars (Note 1)
2012 2011 2012
Acquisition cost ······················································································ ¥ 772 ¥ 942 $ 9,393
Accumulated depreciation ······································································ 736 815 8,955
Net leased property ················································································ ¥ 36 ¥ 127 $ 438
Millions of yen Thousands of U.S. dollars (Note 1)
2012 2011 2012
Payments due within one year ································································ ¥ 52 ¥ 146 $ 633
Payments due after one year ·································································· 6 68 73
Total ································································································ ¥ 58 ¥ 214 $ 706
Lease payments under such leases for the years ended March 31, 2012 and 2011 were ¥160 million (US$1,947 thousand) and ¥219 million,
respectively.
Nipro Corporation Annual Report 2012 38