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FINANCIAL SECTION
Nissan Annual Report 2005
68
Property, plant and equipment at March 31, 2006 and 2005 is summarized as follows:
Thousands of
Millions of yen U.S. dollars
2005 2004 2005
As of Mar. 31, 2006 Mar. 31, 2005 Mar. 31, 2006
Land......................................................................................................................................................................................................... ¥ 740,716 ¥ 781,693 $ 6,330,906
Buildings and structures......................................................................................................................................................... 1,513,774 1,435,423 12,938,239
Machinery and equipment..................................................................................................................................................... 6,021,596 4,995,081 51,466,633
Construction in progress........................................................................................................................................................ 240,270 249,615 2,053,590
..................................................................................................................................................................................................................... ¥8,516,356 ¥7,461,812 $72,789,368
The following table set forth the acquisition costs and the related accumulated amortization of assets recorded under finance leases included in
the above balances:
Thousands of
Millions of yen U.S. dollars
2005 2004 2005
As of Mar. 31, 2006 Mar. 31, 2005 Mar. 31, 2006
Buildings and structures................................................................................................................................................................... ¥ 15,570 ¥ 20,530 $ 133,077
Machinery and equipment............................................................................................................................................................... 322,391 295,345 2,755,479
............................................................................................................................................................................................................................... 337,961 315,875 2,888,556
Accumulated amortization............................................................................................................................................................... (187,405) (141,309) (1,601,752)
............................................................................................................................................................................................................................... ¥150,556 ¥174,566 $1,286,804
Depreciation of property, plant and equipment for each of the three years in the period ended March 31, 2006 was as follows:
Thousands of
Millions of yen U.S. dollars
2005 2004 2003 2005
For the years ended Mar. 31, 2006 Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2006
Depreciation and amortization................................................................................................................. ¥635,344 ¥514,261 ¥449,254 $5,430,291
8. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
At March 31, 2006 and 2005, short-term borrowings and the current portion of long-term debt consisted of the following:
Thousands of
Millions of yen U.S. dollars
2005 2004 2005
As of Mar. 31, 2006 Mar. 31, 2005 Mar. 31, 2006
Loans, principally from banks............................................................................................................................................. ¥1,159,743 ¥ 597,737 $ 9,912,333
Commercial paper........................................................................................................................................................................ 366,998 491,336 3,136,735
Current portion of long-term debt................................................................................................................................... 1,007,025 836,545 8,607,051
Current portion of lease obligations.............................................................................................................................. 58,523 58,332 500,197
..................................................................................................................................................................................................................... ¥2,592,289 ¥1,983,950 $22,156,316
7. NOTES AND ACCOUNTS PAYABLE
Notes and accounts payable at March 31, 2006 and 2005 consisted of the following:
Thousands of
Millions of yen U.S. dollars
2005 2004 2005
As of Mar. 31, 2006 Mar. 31, 2005 Mar. 31, 2006
Notes and accounts payable............................................................................................................................................... ¥ 983,594 ¥ 939,786 $ 8,406,786
Accrued expenses and other.............................................................................................................................................. 548,726 444,377 4,689,966
..................................................................................................................................................................................................................... ¥1,532,320 ¥1,384,163 $13,096,752
6. PROPERTY, PLANT AND EQUIPMENT