Mazda 2012 Annual Report Download - page 47

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5 SECURITIES
The Company and its consolidated subsidiaries had no trading or held-to-maturity debt securities at March 31, 2012
and 2011.
Available-for-sale securities with market values as of March 31, 2012 and 2011 were as follows:
Millions of yen Thousands of U.S. dollars
As of March 31, 2012 Acquisition costs Carrying values Difference Acquisition costs Fair values Difference
Stocks ¥ 4,520 ¥ 4,328 ¥(192) $ 55,122 $ 52,780 $(2,342)
Other 251,003 251,012 9 3,061,012 3,061,122 110
Total ¥255,523 ¥255,340 ¥(183) $3,116,134 $3,113,902 $(2,232)
Millions of yen
As of March 31, 2011 Acquisition costs Carrying values Difference
Stocks ¥ 4,523 ¥ 4,269 ¥(254)
Other 154,075 154,075 —
Total ¥158,598 ¥158,344 ¥(254)
6 INVENTORIES
Inventories as of March 31, 2012 and 2011 were as follows:
Millions of yen
Thousands of
U.S. dollars
As of March 31 2012 2011 2012
Finished products ¥156,720 ¥141,959 $1,911,219
Work in process 48,232 42,842 588,195
Raw materials and supplies 11,238 12,210 137,049
Total ¥216,190 ¥197,011 $2,636,463
7 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 unreal-
ized 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, 2012 and 2011 from
that at the time of revaluation, as stipulated in Article 10 of the Land Revaluation Law, were ¥93,531 million
($1,140,622 thousand) and ¥95,099 million, respectively.
Mazda Annual Report 2012 45