Isuzu 2016 Annual Report Download - page 32

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Isuzu Motors Limited
7. Shareholders’ Equity
Changes in the numbers of shares issued and outstanding for the years
ended March 31, 2016 and 2015 are as follows:
9. Commitment Lines
The Company and certain consolidated subsidiaries entered into
contracts for overdraft with banks for efficient financing. Available
commitment lines with banks as of March, 2016 and 2015 are
as follow:
8. Land Revaluation
In accordance with the Law concerning Revaluation of Land enacted
on March 31, 1999, the land used for business owned by the Company
and its domestic consolidated subsidiaries was revalued, and the
unrealized gain on the revaluation of land, net of deferred tax, was
reported as “Revaluation Reserve for Land” within net assets, and the
relevant deferred tax was reported as “Deferred Tax Liabilities related
to Land Revaluation” in liabilities as of March 31, 2016.
Revaluation Date: March 31, 2000
In accordance with the Law concerning Revaluation of Land enacted
on March 31, 1998, the land used for business owned by certain
consolidated subsidiaries accounted for by the equity method was
revalued.
Revalued Date: March 31, 2001
The method of revaluation is as follows:
Under article 2-4 of the Enforcement Ordinance on Law concerning
Revaluation of Land, the land price for the revaluation was determined
based on the official notice prices assessed and published by the
Commissioner of National Tax Agency of Japan as the basis for
calculation of Landholding Tax as stipulated in article 16 of the
Landholding Tax Law. Appropriate adjustments for the shape of land
and the timing of the assessment have been made. The land price for
the revaluation for some of the land is based on appraisal value.
The difference between the total fair value of business land, based
on the article 10 of the Enforcement Ordinance on Law concerning
Revaluation of Land, as of the end of the current fiscal year and
the total book value after revaluation revalued was ¥65,830 million
($584,227 thousands).
Common stock outstanding
2016 2015
Balance at the beginning of the year 848,422,669 1,696,845,669
Decrease — 848,422,670
Balance at the end of the year 848,422,669 848,422,669
Treasury stock outstanding
2016 2015
Balance at the beginning of the year 14,996,522 2,260,843
Increase 45,010,633 21,973,050
Decrease — (9,237,371)
Balance at end of the year 60,007,155 14,996,522
11. Lease Transactions
1. Lessor
(1) Finance lease
i) Net investments in direct financing leases as of March 31, 2016 and
2015 are as follows.
ii) Maturities of future minimum lease payments as per lease receivables
and lease investment assets as of March 31, 2016 and 2015 are as
follows:
Thousands of
Millions of yen U.S. dollars
2016 2015 2016
Total minimum lease payments
to be received
Estimated unguaranteed
residual value of leased assets
Amounts equivalent to interest income
Net investment in direct financing leases
2016 2015 2016
Limit of overdraft
Borrowing outstanding
Available commitment lines
Thousands of
Millions of yen U.S. dollars
¥ 161,000
15,000
¥ 146,000
¥ 160,000
5,950
¥ 154,050
$1,428,824
133,120
$ 1,295,704
2016 2015 2016
Guarantees of bank loans
10. Contingent Liabilities
Contingent liabilities as of March 31, 2016 and 2015 are as follows:
Thousands of
Millions of yen U.S. dollars
¥ 39 ¥ 119 $ 346
¥ 59,156
6,312
(4,762)
¥ 60,706
$ 524,998
56,024
(42,269)
$ 538,753
¥ 40,264
3,815
(3,596)
¥ 40,482
Millions of yen
2015
Lease receivables
Lease investment
assets
Millions of yen
2016
Lease receivables
Lease investment
assets
¥ 756
¥ 9,460
¥ 1,015
¥ 15,702
¥ 757
¥ 9,392
¥ 877
¥ 15,447
¥ 727
¥ 9,310
¥ 1,221
¥ 14,325
¥ 1,079
¥ 8,277
¥ 416
¥ 9,420
¥ 223
¥ 3,525
¥ 401
¥ 3,895
¥ 289
¥ 297
¥ 247
¥ 365
Due within
1 year
Due within
1 year
Over 1 year
within 2 years
Over 1 year
within 2 years
Over 2 years
within 3 years
Over 2 years
within 3 years
Over 3 years
within 4 years
Over 3 years
within 4 years
Over 4 years
within 5 years
Over 4 years
within 5 years
Thereafter
Thereafter