Trust Recovery Growth Vitalization - Marubeni

6 Long-Lived Assets
The gross carrying amounts and accumulated amortization of intangible assets as of March 31, 2005 and 2004 were as follows:
Millions of yen
Marubeni Corporation 2005 80 / 81
2005 2004
Gross Gross
carrying Accumulated carrying Accumulated
amount amortization amount amortization
Amortized intangible assets:
Licenses and operating rights ........................................................ ¥22,124 ¥ (2,541) ¥21,605 ¥ (3,792)
Software ........................................................................................ 11,053 (5,243) 9,002 (2,432)
Additional minimum pension liability .............................................. 2,337 (725) 4,675 (2,694)
Other ..............................................................................................
Intangible assets not subject to amortization:
11,979 (7,069) 12,919 (7,814)
Land rent rights .............................................................................. 2,841 – 2,868 –
Other .............................................................................................. 792 – 1,140 –
¥51,126 ¥(15,578) ¥52,209 ¥(16,732)
Thousands of U.S. dollars
2005
Gross
carrying Accumulated
amount amortization
Amortized intangible assets:
Licenses and operating rights ........................................................ $206,766 $ (23,748)
Software ........................................................................................ 103,299 (49,000)
Additional minimum pension liability .............................................. 21,841 (6,776)
Other ..............................................................................................
Intangible assets not subject to amortization:
111,953 (66,065)
Land rent rights .............................................................................. 26,552 –
Other .............................................................................................. 7,402 –
The amortized intangible assets acquired during the year ended
March 31, 2005 totaled to ¥5,337 million ($49,879 thousand) and
consisted primarily of operating rights of ¥2,346 million ($21,925
thousand) and software of ¥2,335 million ($21,822 thousand). The
weighted-average amortization periods of operating rights and
software acquired for the year ended March 31, 2005 are 23 years
(straight-line method) and 5 years (straight-line method), respectively.
$477,813 $(145,589)
The amount of the residual value of the amortized intangible assets
is not significant.
The amortization expense for intangible assets was ¥5,899 million
($55,131 thousand) and ¥7,021 million for the years ended March 31,
2005 and 2004. The estimated amortization expense for the next five
years is as follows:
Thousands of
For the year ending March 31 Millions of yen U.S. dollars
2006 ..................................................................................................................................................... ¥4,137 $38,664
2007 ..................................................................................................................................................... 3,608 33,720
2008 ..................................................................................................................................................... 2,702 25,252
2009 ..................................................................................................................................................... 2,223 20,776
2010 ..................................................................................................................................................... 1,631 15,243