Sony 2006 Annual Report Download - page 108

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106
Yen in Dollars in
millions millions
Year ending March 31:
2007 . . . . . . . . . . . . . . . . . . . . . . . . .
¥31,636 $270
2008 . . . . . . . . . . . . . . . . . . . . . . . . .
24,862 212
2009 . . . . . . . . . . . . . . . . . . . . . . . . .
18,857 161
2010 . . . . . . . . . . . . . . . . . . . . . . . . .
15,593 133
2011 . . . . . . . . . . . . . . . . . . . . . . . . .
9,125 78
The aggregate amortization expenses for intangible assets
for the fiscal years ended March 31, 2004, 2005 and 2006 was
¥28,866 million, ¥24,993 million and ¥28,390 million ($243
million), respectively. The estimated aggregate amortization
expense for intangible assets for the next five years is as follows:
The following is a schedule by year of the future minimum
lease payments under capital leases together with the present
value of the net minimum lease payments as of March 31, 2006:
Yen in Dollars in
millions millions
Year ending March 31:
2007 . . . . . . . . . . . . . . . . . . . . . . . . .
¥18,322 $157
2008 . . . . . . . . . . . . . . . . . . . . . . . . .
9,650 82
2009 . . . . . . . . . . . . . . . . . . . . . . . . .
5,325 46
2010 . . . . . . . . . . . . . . . . . . . . . . . . .
3,081 26
2011 . . . . . . . . . . . . . . . . . . . . . . . . .
2,149 18
Later years . . . . . . . . . . . . . . . . . . . . .
4,725 40
Total minimum lease payments . . . . . . .
43,252 369
Less—Amount representing interest . . .
4,972 42
Present value of net minimum lease
payments . . . . . . . . . . . . . . . . . . . . . .
38,280 327
Less—Current obligations . . . . . . . . . . .
16,966 145
Long-term capital lease obligations . . . .
¥21,314 $182
Minimum lease payments have not been reduced by minimum
sublease income of ¥10,022 million ($86 million) due in the
future under noncancelable subleases.
Minimum rental expenses under operating leases for the fiscal
years ended March 31, 2004, 2005 and 2006 were ¥92,649
million, ¥81,391 million and ¥80,014 million ($684 million),
respectively. Sublease rentals received under operating leases
for the fiscal years ended March 31, 2004, 2005 and 2006 were
¥2,923 million, ¥1,933 million and ¥1,350 million ($12 million),
respectively. The total minimum rentals to be received in the
future under noncancelable subleases as of March 31, 2006
were ¥21,843 million ($187 million). The minimum rental
payments required under operating leases that have initial or
remaining noncancelable lease terms in excess of one year at
March 31, 2006 are as follows:
Yen in Dollars in
millions millions
Year ending March 31:
2007 . . . . . . . . . . . . . . . . . . . . . . . . .
¥ 47,500 $ 406
2008 . . . . . . . . . . . . . . . . . . . . . . . . .
34,715 297
2009 . . . . . . . . . . . . . . . . . . . . . . . . .
26,529 227
2010 . . . . . . . . . . . . . . . . . . . . . . . . .
16,320 139
2011 . . . . . . . . . . . . . . . . . . . . . . . . .
11,541 98
Later years . . . . . . . . . . . . . . . . . . . . .
58,932 504
Total minimum future rentals . . . . . . . . .
¥195,537 $1,671
10. Goodwill and intangible assets
Intangible assets acquired during the fiscal year ended March 31,
2006 totaled ¥36,237 million ($310 million), which are subject to
amortization and primarily consist of acquired patent rights of
¥9,922 million ($85 million) and software to be sold, leased or
otherwise marketed of ¥17,653 million ($151 million). The
weighted average amortization period for acquired patent rights
and software to be sold, leased or otherwise marketed is 8
years and 3 years, respectively.
Intangible assets subject to amortization comprise the following:
Yen in millions Dollars in millions
2005 2006 2006
Gross Gross Gross
carrying Accumulated carrying Accumulated carrying Accumulated
March 31 amount amortization amount amortization amount amortization
Artist contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥ 15,218 ¥(11,094) ¥ 15,218 ¥ (12,218) $ 130 $(104)
Music catalog . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
65,674 (19,641) 71,921 (24,012) 615 (205)
Acquired patent rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
55,173 (26,139) 67,467 (30,200) 577 (258)
Software to be sold, leased or otherwise marketed . . . . . . . . . . .
31,907 (16,181) 40,007 (24,194) 342 (207)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27,648 (11,625) 40,978 (15,133) 350 (130)
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥195,620 ¥(84,680) ¥235,591 ¥(105,757) $2,014 $(904)