Isuzu 2005 Annual Report Download - page 32

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Isuzu Motors Limited Annual Report 2005
Millions of yen Thousands of U.S. dollars
2005 2004 2005
Acquisition Costs
Accumulated Depreciation
Net Balance
(ii) Future payment obligations of finance lease expenses as of March 31, 2005 and 2004 are as follows:
Millions of yen Thousands of U.S. dollars
2005 2004 2005
Portion due within one year
Thereafter
Lease expense paid
Amounts equivalent to interest expenses are calculated by the interest method based on an excess of the aggregate sum of lease payments over
amounts equivalent to acquisition costs.
(2) Operating lease were as follows.
a) As a lessee
Future payment obligations of operating lease expenses as of March 31, 2005 and 2004 are as follows:
Millions of yen Thousands of U.S. dollars
2005 2004 2005
Portion due within one year
Thereafter
Millions of yen Thousands of U.S. dollars
2005 2004 2005
Portion due within one year
Thereafter
b) As a lessor
Future receivable income of operating lease commitment as of March 31, 2005 and 2004 are as follows:
$ 390,267
226,970
163,297
¥ 50,437
30,030
20,406
¥ 41,910
24,374
17,536
$ 58,842
117,273
79,063
¥ 7,632
14,250
10,597
¥ 6,319
12,593
8,490
$ 6,311
11,079
¥ 570
1,669
¥ 677
1,189
$ 180
270
¥19
47
¥19
29
11. Lease Transactions
(1) Finance lease transactions, except for those which meet the conditions that the ownership of the leased assets is substantially transferred to
the lessee, were as follows.
a) As a lessee
(i) Amounts equivalent to acquisition costs, accumulated depreciation and net balance as of March 31, 2005 and 2004 concerning the finance
lease assets:
b) The Company issued new common stock (67,669,954 shares) due
to the exercise of stock acquisition right from April 1 to June 6. As
the effect of the issuance, the Company’s common stock increased by
¥8,027 milliom ($74,746 thousands), the Company’s capital surplus
increased by ¥7,972 million ($74,242 thousands) and bonds with war-
rant attached decreased from ¥56,000million ($521,463 thousands)
to ¥40,000 million ($372,474 thousands).
The Company redeemed these bonds with warrant attached
(amount of ¥40,000 million ($372,474 thousands)) in June 17, 2005.
Year-end cash dividends
Preferred Stock (Class I) (¥6.912=U.S.$0.064 per share)
Preferred Stock (Class III) (¥12.912=U.S.$0.120 per share)
Preferred Stock (Class IV) (¥16.912=U.S.$0.157 per share)
Common Stock (¥1.500=U.S.$0.013 per share)
$ 2,413
3,005
3,937
14,985
¥ 259
322
422
1,609
Thousands of
U.S. dollars
Millons
of yen
12. SUBSEQUENT EVENTS
a) The following appropriations of retained earnings of the Company
were approved at the shareholders’ meeting held on June 29, 2005: