Mazda 2015 Annual Report Download - page 54

5
SECURITIES
The Group had no trading or held-to-maturity debt securities at March 31, 2015 and 2014.
Available-for-sale securities with market values as of March 31, 2015 and 2014 were
as follows:
Millions of yen Thousands of U.S. dollars
As of March 31, 2015 Acquisition costs Carrying values Difference Acquisition costs Carrying values Difference
Stocks ¥5,180 ¥ 9,727 ¥4,547 $43,167 $ 81,058 $37,891
Other 2,308 3,033 725 19,233 25,275 6,042
Total ¥7,488 ¥12,760 ¥5,272 $62,400 $106,333 $43,933
Millions of yen
As of March 31, 2014 Acquisition costs Carrying values Difference
Stocks ¥5,093 ¥6,556 ¥1,463
Other 2,329 2,585 256
Total ¥7,422 ¥9,141 ¥1,719
6
INVENTORIES
Inventories as of March 31, 2015 and 2014 were as follows:
Millions of yen
Thousands of
U.S. dollars
As of March 31 2015 2014 2015
Finished products ¥257,788 ¥232,021
$2,148,233
Work in process 111,071
80,875
925,592
Raw materials and supplies 10,643
10,781
88,692
Total ¥379,502
¥323,677
$3,162,517
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, 2015 and 2014 from that at the time of revaluation, as stipulated in Article 10 of the
Land Revaluation Law, were ¥98,720 million ($822,667 thousand) and ¥98,990 million,
respectively.
8 IMPAIRMENT OF LONG-LIVED ASSETS
Details of impairment losses of long-lived assets for the years ended March 31, 2015 and 2014
were as follows:
<For the year ended March 31, 2015> Millions of yen
Thousands of
U.S. dollars
Purpose of use Location Type of assets 2015 2015
Idle assets
(Sales facilities)
Fukuoka Prefecture,
Japan, etc.
Buildings and structures, Land, etc.
¥1,149 $ 9,575
Idle assets
(Production facilities)
Hiroshima Prefecture,
Japan, etc.
Buildings and structures,
Machinery and equipment, etc. 1,210 10,084
Assets for selling Kyoto Prefecture, Japan Land 136 1,133
Total ¥2,495 $20,792
<For the year ended March 31, 2014> Millions of yen
Purpose of use Location Type of assets 2014
Idle assets
(Sales facilities)
Osaka Prefecture,
Japan, etc.
Buildings and structures, Land, etc.
¥ 239
Idle assets
(Production facilities)
Hiroshima Prefecture,
Japan, etc.
Buildings and structures,
Machinery and equipment, etc. 2,040
Assets for selling Ehime Prefecture,
Japan, etc.
Buildings and structures, Land
475
Total
¥2,754
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.
Mazda Annual Report 2015
52
C
CONTENTS
Growth Strategy
Message from Management
Introduction
Review of Operations
Foundations Underpinning
Sustainable Growth