Mitsubishi 2007 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2007 Mitsubishi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

62
MITSUBISHI MOTORS CORPORATION Annual Report 2007
Proceeds from sales of other securities and the corresponding gross gains and losses that are included in other gain
(loss), net in the accompanying consolidated statements of operations for the years ended March 31, 2007 and 2006
were as follows:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Proceeds ¥4,501 ¥74 $38,132
Gross gains 2,040 31 17,285
Gross losses 157 —1,332
Significant declines in the value of securities with market value 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 value is established.
Likewise, significant declines in the value of securities without market value are recognized as impairment losses.
Losses recognized on the impairment of securities without market value totaled ¥334 million ($2,837 thousand) and
¥9 million for the years ended March 31, 2007 and 2006, respectively.
Investments in unconsolidated subsidiaries and affiliated companies, and investments in securities at March 31,
2007 and 2006 were as follows:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Investments in unconsolidated subsidiaries and
affiliated companies ¥41,894 ¥36,395 $354,883
Investments in securities 48,244 47,033 408,676
¥90,138 ¥83,429 $763,560
8. Accrued Expenses, Accounts Payable and Deferred Income
Accrued expenses, accounts payable and deferred income at March 31, 2007 and 2006 were as follows:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Accrued expenses and accounts payable ¥194,941 ¥181,553 $1,651,348
Allowance for product warranties 53,213 49,589 450,767
Deferred income 2,567 3,856 21,753
¥250,722 ¥234,998 $2,123,868
9. Short-Term Borrowings and Long-Term Debt
Short-term borrowings at March 31, 2007 and 2006 consisted of the following:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Loans, principally from banks ¥215,036 ¥159,254 $1,821,567
The weighted average interest rates on short-term borrowings at March 31, 2007 and 2006 were 5.6% and
4.6%, respectively.