Mazda 2007 Annual Report Download - page 75
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other capital surplus and retained earnings, respectively, which are potentially available for dividends.
The maximum amount that the Company can distribute as dividends is calculated based on the non-
consolidated financial statements of the Company in accordance with the Law. Cash dividends
charged to retained earnings during the fiscal year were year-end cash dividends for the preceding
fiscal year and interim cash dividends for the current fiscal year.
The appropriations are not accrued in the consolidated financial statements for the corresponding
period, but are recorded in the subsequent accounting period after shareholders’approval has been
obtained.Retained earnings at March 31, 2007 include amounts representing year-end cash dividends
of ¥8,442 million ($71,542 thousand), which were approved at the shareholders’meeting held on
June 26, 2007.
Pension adjustments recognized by an overseas consolidated subsidiary
Commencing in the year ended March 31, 2007, the consolidated subsidiary in the United States
adopted the Statement of Financial Accounting Standards No. 158, Employers’Accounting for
Defined Benefit Pension and Other Postretirement Plans. The amount (net of tax) that the consolidated
subsidiary recognized, in the balance sheet, as a component of the other accumulated comprehensive
income in the shareholders’equity is recognized, in the consolidated balance sheet, as “pension
adjustments recognized by an overseas consolidated subsidiary”as a separate component of the
valuation and translation adjustments of the equity.
12. Other Income (Expenses)
The components of “Other, net”in Other income (expenses) in the statements of income for the years
ended March 31, 2007, 2006 and 2005 were comprised as follows: Thousands of
Millions of yen U.S. dollars
2006 2005 2004 2006
For the years ended March 31, 2007 March 31, 2006 March 31, 2005 March 31, 2007
Gain (loss) on sale of investment securities, net ¥ (16) ¥(01,407 ¥ (425) $ (136)
Loss on sale of property, plant and equipment, net (3,380) (6,433) (10,638) (28,644)
Rental income 1,764 1,926 1,961 14,949
Gain on the transfer to the government of the
substitutional portion of employee pension
fund liabilities –59,611 ––
Loss on impairment of fixed assets (3,356) (36,650) –(28,441)
Foreign exchange loss (19,914) (19,088) (7,443) (168,763)
Compensation received for the exercise
of eminent domain –472 1,924 –
Loss on liquidation of a Tokumei Kumiai ––(2,226) –
Insurance claim income –996 27,942 –
Inventory valuation loss related to car-carrying
vessel accident (1,979) –(14,831) (16,771)
Other (5,975) (7,881) (3,957) (50,635)
¥(32,856) ¥ (5,640) ¥(7,693) $(278,441)
Of the insurance claim income recognized in other income for the year ended March 31, 2005, the
amount of ¥25,399 million was for the fire incident at Ujina No. 1 Plant that occurred on December 15,
2004. Also, of the loss on disasters recognized in other expenses for the year ended March 31, 2005,
the amount of ¥12,613 million was for the fire incident.