【最終】AR2018
65/90
5. Notes Maturing as of the End of the Fiscal YearNotes maturing as of the end of the fiscal year are settled on the clearing date. In addition, accounts receivable and payable with due date that is the last day of the fiscal year are also settled on the clearing date. As the last day of the current fiscal year was a non-business day of financial institutions, the following amounts of receivables and payables maturing as of March 31, 2018 and 2017 were included in the ending balance. Millions of yen Thousands ofU.S. dollars201820172018Trade notes and accounts receivable¥4,988¥—$46,954Trade notes and accounts payable8,521—80,2146. Selling, General and Administrative ExpensesMajor items included in selling, general and administrative expenses for the years ended March 31, 2018 and 2017 were as follows: Millions of yen Thousands ofU.S. dollars201820172018Transportation and warehousing expenses¥ 5,309 ¥ 5,125 $ 49,978 Provision for allowance for doubtful accounts(4)(12)(44)Salaries and allowances9,3587,74388,086Retirement benefit expenses3214233,029Provision for directors’ bonuses8595800Depreciation and amortization1,3501,09212,714Research and development expenses7,9257,63974,600Other18,38114,156173,017Total¥42,727 ¥36,264 $402,1827. Research and Development ExpensesResearch and development expenses, all of which were included in selling, general and administrative expenses, for the years ended March 31, 2018 and 2017 were ¥7,925 million (U.S.$74,600 thousand) and ¥7,639 million, respectively.8. Gain on Sales of Noncurrent AssetsGain on sales of noncurrent assets was related to sales of land for the year ended March 31, 2017.9. Impairment LossThe Company has recognized impairment loss on the following classes of assets for the years ended March 31, 2018 and 2017:Millions of yen Thousands ofU.S. dollars2018Major useLocationCategoryImpairment Loss—Kentucky State, U.S.A.Goodwill¥1,041$9,804The Companies categorize goodwill into groups mainly based on each company in consolidated subsidiaries for the goodwill impairment testing.VDI, LLC recognized an impairment loss of ¥1,041 million for the goodwill as future operating results are expected to be lower than the business plan at the time of acquisition of VDI, LLC.The recoverable amount of the goodwill is measured at the value in use determined by future cash flows discounted at 18.0%.Millions of yen 2017Major useLocationCategoryImpairment LossPressure-sensitive adhesive related products manufacturing equipmentMassachusetts State, U.S.A.Machinery, equipment and vehicles¥34(1) Circumstances leading to the recognition of impairment lossThe impairment loss above has been recognized because the asset has decreased in profitability.(2)Method of calculating recoverable amountsThe recoverable amounts of the assets above are the net realizable value and based on a third-party appraisal value.10. Provision for Business Structure ImprovementThe Company has recognized provision for business structure improvement for a management rationalization of MADICO, INC., its wholly owned consoli-dated subsidiary in the U.S. for the year ended March 31, 2018 and the loss is mainly related to the special retirement expenses.63LINTEC ANNUAL REPORT 2018FINANCIAL INFORMATIONESGSTRATEGYOVERVIEW
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