Mazda 2009 Annual Report Download - page 62

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Available-for-sale securities that had available market values as of March 31, 2008 were as follows:
Millions of yen
Acquisition Carrying Unrealized
costs values gains
Stocks ¥558 ¥1,441 ¥883
Other 362 362 —
¥920 ¥1,803 ¥883
Available-for-sale securities with no available fair values as of March 31, 2008 were as follows:
Millions
of yen
Carrying values
Non-listed equity securities ¥ 3,196
Certificates of deposit 103,000
5. INVENTORIES
Inventories as of March 31, 2009 and 2008 were as follows:
Thousands of
Millions of yen U.S. dollars
As of March 31 2009 2008 2009
Finished products ¥171,412 ¥242,224 $1,749,102
Work in process 29,648 32,637 302,531
Raw materials and supplies 13,328 12,855 136,000
¥214,388 ¥287,716 $2,187,633
6. LAND REVALUATION
As of March 31, 2001, in accordance with the Law to Partially Revise the Land Revaluation Law (Law No.19, enacted
on March 31, 2001), land owned by the Company for business use was revalued. The unrealized gains on the
revaluation are included in equity as “Land revaluation,” net of deferred taxes. The deferred taxes on the unrealized
gains are included in liabilities as “Deferred tax liability related to land revaluation.”
The fair value of land was determined based on official notice prices that are assessed and published by the
Commissioner of the National Tax Administration, as stipulated in Article 2-4 of the Ordinance Implementing the Law
Concerning Land Revaluation (Article 119 of 1998 Cabinet Order, promulgated on March 31, 1998). Reasonable
adjustments, including those for the timing of assessment, are made to the official notice prices.
The amounts of decrease in the aggregate fair value of the revalued land as of March 31, 2009 and 2008 from
that at the time of revaluation, as stipulated in Article 10 of the Land Revaluation Law, were ¥83,322 million ($850,224
thousand) and ¥82,650 million, respectively.
7. IMPAIRMENT OF LONG-LIVED ASSETS
For the purpose of reviewing for impairment, assets are generally grouped by company; however, idle assets and
assets for rent are individually reviewed for impairment.
For the year ended March 31, 2009, the Domestic Companies recognized an impairment loss of ¥2,218 million
($22,633 thousand) on idle assets. Also, an impairment loss of ¥2,366 million ($24,143 thousand) was recognized
on goodwill, including the write-down of goodwill by a consolidated foreign subsidiary in Belgium. In addition, a
consolidated foreign subsidiary in the United States reduced the carrying value of its leased properties held for use in
production, resulting in an impairment loss of ¥23,678 million ($241,612 thousand) in the consolidated statement of
operations. As a result, the total impairment loss that was recognized in the consolidated statement of operations for
the year ended March 31, 2009 amounted to ¥28,262 million ($288,388 thousand).
In the consolidated statement of operations for the year ended March 31, 2008, a total impairment loss of ¥2,196
million was recognized, which primarily consisted of impairment on idle assets by the Domestic Companies.
Notes to Consolidated Financial Statements
60                       