Nissan 2004 Annual Report Download - page 59

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Nissan Annual Report 2003 57
3. U.S. DOLLAR AMOUNTS
Amounts in U.S. dollars are included solely for the convenience of the reader. The rate of ¥106 = US$1.00, the approximate rate of exchange
in effect on March 31, 2004, has been used. The inclusion of such amounts is not intended to imply that yen amounts have been or could be
readily converted, realized or settled in U.S. dollars at that or any other rate.
4. RECEIVABLES
Receivables at March 31, 2004 and 2003 consisted of the following:
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
As of Mar. 31, 2004 Mar. 31, 2003 Mar. 31, 2004
Notes and accounts receivable ...................................................................................................... ¥462,716 ¥ 501,127 $4,365,245
Finance receivables ........................................................................................................................... 2,203,174 1,896,953 20,784,660
Less allowance for doubtful receivables....................................................................................... (63,014) (69,697) (594,471)
.................................................................................................................................................. ¥2,602,876 ¥2,328,383 $24,555,434
Finance receivables principally represent receivables from customers on loans made by financing subsidiaries in connection with sales of
automobiles.
5. INVENTORIES
Inventories at March 31, 2004 and 2003 were as follows:
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
As of Mar. 31, 2004 Mar. 31, 2003 Mar. 31, 2004
Finished products............................................................................................................................... ¥386,874 ¥394,936 $3,649,755
Work in process and other .............................................................................................................. 155,918 148,672 1,470,924
................................................................................................................................................................ ¥542,792 ¥543,608 $5,120,679
6. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at March 31, 2004 and 2003 is summarized as follows:
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
As of Mar. 31, 2004 Mar. 31, 2003 Mar. 31, 2004
Land ..................................................................................................................................................... ¥ 759,640 ¥782,009 $ $ 7,166,415
Buildings and structures ................................................................................................................. 1,259,048 1,251,036 11,877,811
Machinery and equipment............................................................................................................... 4,158,336 3,914,070 39,229,585
Construction in progress ................................................................................................................ 253,999 253,959 2,396,217
................................................................................................................................................. ¥6,431,023 ¥6,201,074 $60,670,028