Mazda 2009 Annual Report Download - page 66

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12. OTHER INCOME (EXPENSES)
The components of “Other, net” in Other income/(expenses) in the consolidated statements of operations for the years
ended March 31, 2009 and 2008 were comprised as follows:
Thousands of
Millions of yen U.S. dollars
For the years ended March 31 2009 2008 2009
Gain on sale of investment securities, net ¥ 77 ¥ 27 $ 786
Loss on retirement and sale of property, plant and equipment, net (2,707) (3,030) (27,622)
Rental income 2,179 1,989 22,235
Loss on sale of receivables (5,376) (3,042) (54,857)
Loss on impairment of long-lived assets (28,262) (2,196) (288,388)
Foreign exchange gain/(loss) 29,057 (7,544) 296,500
Compensation received for the exercise of eminent domain 251 122 2,561
Gain on retroactive correction of property, plant and equipment — 1,330 —
Adoption of revised accounting standard for leases — (1,144) —
Other (4,840) 329 (49,388)
¥ (9,621) ¥(13,159) $ (98,173)
13. INCOME TAXES
The effective tax rate reflected in the consolidated statement of operations for the year ended March 31, 2008 differs
from the statutory tax rate for the following reasons. For the year ended March 31, 2009, since loss before income
taxes was reported, the information on the reconciliation from statutory tax rate to effective tax rate is not provided in
accordance with the applicable provisions of Japanese GAAP.
For the year ended March 31 2008
Statutory tax rate 40.4%
Equity in net income of affiliated companies (2.4)
Valuation allowances (1.7)
Prior year income taxes 2.1
Tax credit (3.3)
Other 0.2
Effective tax rate 35.3%
Notes to Consolidated Financial Statements
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