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68
MITSUBISHI MOTORS CORPORATION Annual Report 2007
Significant noncash transaction:
Assets and liabilities recognized as a result of finance lease transactions in this fiscal year both amounted to ¥16,897
million ($143,138 thousand).
15. Leases
As lessee
The following pro forma amounts represent acquisition costs, accumulated depreciation, impairment losses, and net
book value of the leased assets as of March 31, 2007 and 2006, which would have been reflected in the consolidated
balance sheet if finance lease accounting had been applied to finance lease transactions except for lease arrangements
that stipulate the transfer of title of the assets to the lessee, which are accounted for as operating leases:
(a) Notional equivalent acquisition cost, accumulated depreciation, impairment losses, and related net book value of
such finance lease assets:
In millions of yen
2007 2006
Notional Notional Notional Notional Notional Notional Notional Notional
equivalent equivalent equivalent equivalent equivalent equivalent equivalent equivalent
acquisition accumulated impairment net book acquisition accumulated impairment net book
cost depreciation loss value cost depreciation loss value
Tools and equipment ¥29,960 ¥16,011 ¥18 ¥13,930 ¥36,950 ¥21,843 ¥20 ¥15,086
Others 6,011 3,769 20 2,222 5,507 3,215 17 2,273
Total ¥35,972 ¥19,780 ¥38 ¥16,152 ¥42,458 ¥25,059 ¥38 ¥17,360
In thousand of U.S. dollars
2007
Notional Notional Notional Notional
equivalent equivalent equivalent equivalent
acquisition accumulated impairment net book
cost depreciation loss value
Tools and equipment $253,796 $135,635 $152 $118,008
Others 50,922 31,927 171 18,823
Total $304,719 $167,563 $323 $136,831
(b) Future minimum lease payments of such finance leases:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Due within 1 year ¥ 6,782 ¥11,105 $ 57,452
Due after 1 year 13,778 11,824 116,719
Total ¥20,560 ¥22,929 $174,171
The balance of the impairment provisions relating to leased assets amounted to ¥23 million ($195 thousand) and
¥25 million at March 31, 2007 and 2006, respectively.