Sony 2003 Annual Report Download - page 184
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Consolidated Financial Information 2003
- 98 -
Intangible assets subject to amortization comprise the following:
Yen in millions Dollars in millions
March 31 March 31,
2002 2003 2003
Gross
carrying
amount
Accumulated
amortization
Gross
carrying
amount
Accumulated
amortization
Gross
carrying
amount
Accumulated
amortization
Artist contracts ¥97,390 ¥(72,890) ¥89,078 ¥(69,281) $742 $(577)
Music catalog 103,732 (46,137) 120,242 (48,447) 1,002 (404)
Acquired patent rights 36,962 (13,678) 46,758 (18,024) 390 (150)
Software to be sold, leased
or otherwise marketed 11,608 (3,149)
17,848 (7,267) 149 (61)
PlayStation format 11,873 (5,344) 11,873 (7,719) 99 (64)
Other 27,137 (14,047) 45,257 (20,499) 377 (171)
Tota l ¥288,702 ¥(155,245)
¥331,056 ¥(171,237) $2,759 $(1,427)
The aggregate amortization expense for intangible assets for the years ended March 31, 2002 and 2003
was ¥25,554 million and ¥27,871 million ($232 million), respectively. The estimated aggregate amortization
expense for intangible assets for the next five years is as follows:
Yen in
millions
Dollars in
millions
Year ending March 31,
2004 ¥26,799 $223
2005 22,342 186
2006 14,683 122
2007 13,620 114
2008 12,635 105
Total carrying amount of intangible assets having an indefinite life comprise the following:
Yen in millions Dollars in millions
March 31 March 31,
2002 2003 2003
Trademarks ¥57,195 ¥57,410 $478
Distribution agreement 18,834 18,834 157
¥76,029 ¥76,244 $635
In addition to the amortizable and indefinite-lived intangible assets shown in the above tables, intangible
assets at March 31, 2002 and 2003 also include unrecognized prior service costs totaling ¥23,602 million and
¥22,561 million ($188 million), respectively, which were recorded under FAS No. 87, “Employer’s Accounting
for Pensions” as discussed in Note 15.
Sony also performed the transitional impairment test for existing goodwill as required by FAS No. 142.
Sony determined that the fair value of each reporting unit which includes goodwill was in excess of its carrying