Mazda 2014 Annual Report Download - page 55

5
SECURITIES
The Group had no trading or held-to-maturity debt securities at March 31, 2014 and 2013.
Available-for-sale securities with market values as of March 31, 2014 and 2013 were as
follows:
Millions of yen Thousands of U.S. dollars
As of March 31, 2014 Acquisition costs Carrying values Difference Acquisition costs Carrying values Difference
Stocks ¥5,093 ¥6,556 ¥1,463 $49,447 $63,650 $14,203
Other 2,329 2,585 256 22,612 25,097 2,485
Total ¥7,422 ¥9,141 ¥1,719 $72,059 $88,747 $16,688
Millions of yen
As of March 31, 2013 Acquisition costs Carrying values Difference
Stocks ¥4,477 ¥4,976 ¥499
Other 1,787 1,908 121
Tota l ¥6,264 ¥6,884 ¥620
6
INVENTORIES
Inventories as of March 31, 2014 and 2013 were as follows:
Millions of yen
Thousands of
U.S. dollars
As of March 31 2014 2013 2014
Finished products ¥232,021 ¥204,189 $2,252,631
Work in process 80,875 51,276 785,194
Raw materials and supplies 10,781 10,222 104,670
Total ¥323,677 ¥265,687 $3,142,495
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 net assets 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, 2014 and 2013 from that at the time of revaluation, as stipulated in Article 10 of the
Land Revaluation Law, were ¥98,990 million ($961,068 thousand) and ¥96,596 million,
respectively.
8
IMPAIRMENT OF LONG-LIVED ASSETS
Details of impairment losses of long-lived assets for the years ended March 31, 2014 and
2013 were as follows:
<For the year ended March 31, 2014> Millions of yen
Thousands of
U.S. dollars
Purpose of use Location Type of assets 2014 2014
Idle assets
(Sales facilities)
Osaka Prefecture,
Japan, etc.
Buildings and structures,
Land, etc. ¥ 239 $ 2,320
Idle assets
(Production
facilities)
Hiroshima Prefecture,
Japan, etc.
Buildings and structures,
Machinery and equipment, etc.
2,040 19,806
Assets for selling Ehime Prefecture,
Japan, etc.
Buildings and structures,
Land 475 4,612
Total ¥2,754 $26,738
<For the year ended March 31, 2013> Millions of yen
Purpose of use Location Type of assets 2013
Idle assets
(Sales facilities)
Aichi Prefecture,
Japan, etc.
Buildings and structures,
Land, etc. ¥1,826
Idle assets
(Production
facilities)
Hiroshima Prefecture,
Japan, etc.
Buildings and structures,
Machinery and equipment, etc.
969
Total ¥2,795
For the purpose of reviewing for impairment, the Group has principally grouped its long-
lived assets into asset groups by company; however, idle assets, assets for rent, and
assets for selling are individually reviewed for impairment. The recoverable amounts of
these assets were measured at their net realizable value.
53
Mazda Annual Report 2014
CONTENTS
Foundations Underpinning
Sustainable Growth
Financial Section
Review of Operations
Message from Management
Introduction
Brand Value Management