Daiwa Securities Group Annual Report 2012 25. Net gain on trading 26. Selling, general and administrative expenses 27. Other income (expenses) Impairment loss on fixed assets 91 Millions of yen Thousands of U.S. dollars Condition Location Impairment loss Impairment loss Idle assets Low profit-earning assets Kanto region and others ¥14,193 $173,085 Assets to be disposed Low operating asset Kanto region 3,691 45,013 Total ¥17,884 $218,098 Millions of yen Thousands of  U.S. dollars 2012 2011 2012 Gains on sale or disposal of fixed assets ¥ – ¥ 1,597 $ – Gains on sales of investment securities 1,820 5,633 22,195 Gain on step acquisitions 2,119 – 25,841 Gain on negative goodwill 35,266 – 430,073 Other (income) 12,806 16,599 156,171 Losses on sale or disposal of fixed assets (7,308) (2,014) (89,122) Losses on sales of investment securities (277) (9) (3,378) Impairment losses on fixed assets (17,884) (594) (218,098) Write-down of investment securities (4,556) (5,561) (55,561) Business restructuring cost (11,212) – (136,732) Other (expenses) (4,391) (5,706) (53,548) ¥ 6,383 ¥ 9,945 $ 77,841 Millions of yen Thousands of  U.S. dollars 2012 2011 2012 Equity and other ¥ (6,464) ¥ (8,797) $ (78,829) Bond, forex and other 85,880 101,274 1,047,317 ¥79,416 ¥ 92,477 $ 968,488 Net gain on trading for the years ended March 31, 2012 and 2011 is as follows: Major components of selling, general and administrative expenses for the years ended March 31, 2012 and 2011 are summarized as follows: Details of “Other, net” in the accompanying consolidated statements of operations for the years ended March 31, 2012 and 2011 are as follows: (Fiscal year ended March 31, 2012) Daiwa recognized the impairment losses for the following asset groups. Millions of yen Thousands of  U.S. dollars 2012 2011 2012 Employees’ compensation and benefits ¥158,298 ¥160,234 $1,930,463 Commissions and brokerage 38,394 37,638 468,220 Communications 20,708 21,517 252,537 Occupancy and rental 44,881 45,258 547,329 Data processing and office supplies 27,752 27,027 338,439 Taxes other than income taxes 6,581 7,044 80,256 Depreciation 39,861 39,163 486,110 Other 23,254 26,039 283,585 ¥359,729 ¥363,920 $4,386,939