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55 MITSUBISHI MOTORS CORPORATION
Proceeds from sales of marketable securities classified as other securities during the year ended March 31, 2003 and 2002 were
as follows:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2003 2002 2003
Proceeds ¥20,288 ¥9,206 $168,785
Gross gain 13,821 2,845 114,983
Gross loss 3224
Significant declines in market value of marketable securities are recognized as impairment losses if the decline is not considered
to be recoverable. After the write-down of the impaired amount, a new book acquisition cost is established. Losses on devaluation
of the marketable securities classified as other securities as a result of the permanent decline totaled ¥10,401 million ($86,531 thou-
sand), ¥535 million for the year ended March 31, 2003 and 2002, respectively.
Investment in unconsolidated subsidiaries and affiliated companies, and investment in securities at March 31, 2003 and 2002
were as follows:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2003 2002 2003
Investment in unconsolidated subsidiaries and affiliated companies ¥114,841 ¥ 43,085 $ 955,416
Investment in securities 104,232 124,742 867,155
¥219,074 ¥167,828 $1,822,579
9. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2003 and 2002 consisted of the following:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2003 2002 2003
Loans, principally from banks ¥556,100 ¥678,852 $4,626,456
Commercial paper 76,333 79,939 635,050
¥632,434 ¥758,791 $5,261,514