SUMIDA CORPORATION announced the following extraordinary loss and profit for the consolidated FY2013 (January 1, 2013 - December 31, 2013).
- Extraordinary Loss
- Damages caused by floods in central Europe
We announced about the damages caused by the floods in central Europe over two press releases dated June 5th & 19th, 2013. In addition, posting of tentative extraordinary loss from the flood damages for the second quarter of FY2013 was announced in another release dated July 31, 2013.
In the consolidated FY2013 that ended December 31, 2013, the following extraordinary losses were booked.
| in JPY millions |
|
| Fixed costs during a period of suspended operations |
518 |
| Expenses to restore the status quo of the damaged assets |
664 |
| Loss on disposal of fixed assets and inventory |
559 |
|
| Total |
1,742 |
-
Impairment Loss
The following impairment losses were booked in the consolidated FY2013.
Use (Business segment) |
Location |
Category |
Amount (JPY millions) |
| Production Facilities (Asia/Pacific business) |
Sumida Electric (H.K.) Company Limited (Hong Kong) |
Building & structure |
710 |
| Office (Asia/Pacific business) |
Sumida Electric Co., Ltd. (Tokyo) |
Building |
24 |
| Office (Headquarters expense) |
Sumida Corporation (Tokyo) |
Building |
13 |
| Total |
|
|
748 |
Impairment loss was calculated as the difference between estimated recoverable value and book value of the idle assets which are not expected to be used in the future.
- Extraordinary Profit
The following extraordinary profits were booked in the consolidated FY2013.
- Insurance money fo r the floods' damage: 1,426 million JPY
- Profit on sales of office building: 1,170 million JPY
- Others: 20 million JPY
- Total: 2,634 million JPY
Please click on the press release link above to view a pdf version of this item.