Nissan 2004 Annual Report Download - page 66

Nissan Annual Report 2003
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15. SUPPLEMENTARY CASH FLOW INFORMATION
The following is a summary of the transferred assets and liabilities, the relevant selling prices and the net cash inflows from sales of stock of
Rhythm Corporation, and two other companies in the year ended March 31, 2003 and from sales of stock of Nissan Altia Co., Ltd. and eight
other companies in the year ended March 31, 2002:
Millions of yen
2002 2001
For the years ended Mar. 31, 2003 Mar. 31, 2002
Current assets ........................................................................................................................................ ¥ 22,561 ¥ 46,516
Fixed assets............................................................................................................................................. 7,493 51,729
(Loss) gain on sales of investment securities.................................................................................. (1,765) 2,048
Current liabilities..................................................................................................................................... (11,991) (53,027)
Long-term liabilities ............................................................................................................................... (5,366) (24,526)
Minority interests in consolidated subsidiaries ............................................................................... (1,962) (6,612)
Proceeds from sales of stock.............................................................................................................. 8,970 16,128
Cash and cash equivalents held by subsidiaries............................................................................ (575) (2,489)
Net proceeds .......................................................................................................................................... ¥ 8,395 ¥ 13,639
16. LEASE TRANSACTIONS
a) Lessees’ accounting
The following pro forma amounts represent the acquisition costs, accumulated depreciation and net book value of the leased assets as of
March 31, 2003, which would have been reflected in the consolidated balance sheet if finance lease accounting had been applied to the
finance leases accounted for as operating leases:
Millions of yen
Acquisition Accumulated Net book
Fiscal year 2002 (As of Mar. 31, 2003) costs depreciation value
Machinery and equipment................................................ ¥89,470 ¥35,823 ¥ 53,647
Other..................................................................................... 155,704 60,472 95,232
Total....................................................................................... ¥245,174 ¥96,295 ¥148,879
Lease payments relating to finance leases accounted for as operating leases in the accompanying consolidated financial statements amounted
to ¥45,638 million and ¥47,317 million for the years ended March 31, 2003 and 2002, respectively. Depreciation of the leased assets com-
puted by the straight-line method over the respective lease terms and the interest portion included in lease payments amounted to ¥42,444
million and ¥3,039 million, respectively, for the year ended March 31, 2003 and ¥44,282 million and ¥3,207 million, respectively, for the year
ended March 31, 2002.
Future minimum lease payments subsequent to March 31, 2004 on noncancelable operating leases are summarized as follows:
Thousands of
Year ending Mar. 31, Millions of yen U.S. dollars
2005.......................................................................................................... ¥ 5,188 $ 48,943
2006 and thereafter............................................................................... 17,921 169,066
Total ........................................................................................................... ¥23,109 $218,009