Annual Report 2002 [PDF/1.6MB]

10. LEASE TRANSACTIONSFinance leases other than those that transfer ownership(1) As lesseeTotal lease payments under finance leases other than those which transfer ownership were ¥626 million ($4,698 thousand)and ¥578 million for the years ended March 31, 2002 and 2001, respectively.Pro forma information on leased property such as acquisition cost and accumulated depreciation as of March 31, 2002 and2001 and depreciation expenses for the years then ended on an “as-if-capitalized” basis were as follows:Millions of Yen2002 2001Thousands ofU.S. Dollars2002Acquisition costEquipment and fixtures¥ 2,807¥ 423$ 21,066Others1,4562,38710,927Less accumulated depreciation(1,391)(1,811)(10,439)2,87299921,554Depreciation expenses¥ 626578$ 4,698Future minimum lease payments as of March 31, 2002 were as follows:Millions of YenThousands ofU.S. DollarsWithin one year¥ 473$ 3,550More than one year2,39918,004Total¥ 2,872$ 21,55444