Sony 2003 Annual Report Download - page 183

Consolidated Financial Information 2003
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10. Goodwill and intangible assets
As discussed in Note 2, Sony elected early adoption of FAS No. 142, retroactive to April 1, 2001. Upon the
adoption of this statement, Sony reassessed the useful lives of its intangible assets and determined that certain
intangible assets including trademarks have indefinite lives and, as a result, will no longer be amortized. At
April 1, 2001, intangible assets having an indefinite life totaled ¥76,029 million. Sony performed the transitional
impairment test for these intangible assets and determined that the fair value of these assets was in excess of
the current carrying amount. Accordingly, no impairment loss was recorded for intangible assets upon the
adoption of FAS No. 142.
Intangible assets acquired during the year ended March 31, 2003 totaled ¥54,404 million ($453 million),
which are subject to amortization and primarily consist of music catalogs of ¥24,058 million ($200 million),
acquired patent rights of ¥13,114 million ($109 million) and software to be sold, leased or otherwise marketed
of ¥6,412 million ($53 million). The weighted average amortization period for music catalogs, acquired patent
rights and software to be sold, leased or otherwise marketed is 37 years, 8 years and 3 years, respectively.