Nissan 2008 Annual Report Download - page 57

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
55
Nissan Annual Report 2008
Prior fiscal year Current fiscal year
(As of March 31, 2007) (As of March 31, 2008)
1. *1 Accumulated depreciation of property, plant and equipment
¥4,349,349
The above amount includes accumulated depreciation of
leased assets in the amount of ¥160,851 million.
2. *2 Machinery, equipment and vehicles included certain items in
the amount of ¥1,796,072 million leased to others under
lease agreements.
3. *3 These assets included the following assets pledged as
collateral:
(1) Assets pledged as collateral:
Trade notes and accounts receivable ¥ 741
Sales finance receivables 1,378,045
Property, plant and equipment 1,057,988
Intangible fixed assets 445
Total ¥2,437,219
(2) Liabilities secured by the above collateral:
Short-term borrowings ¥ 612,193
Long-term borrowings 1,422,841
(including the current portion)
Total ¥2,035,034
In addition to the above, sales finance receivables totaling
¥55,066 million, which were eliminated in consolidation, were
pledged as collateral for short-term borrowings of ¥54,957
million.
4. Notes receivable discounted with banks outstanding
as of March 31, 2007 ¥5,229
5. Guarantees and others
(1) Guarantees
Balance of Description of
liabilities liabilities
Guarantees guaranteed guaranteed
Employees * ¥160,182 Guarantees for
employees’
housing loans
and others
593 foreign dealers 51,403 Guarantees for
and loans
6 other companies
Total ¥211,585
* Allowance for doubtful accounts is provided for these loans mainly
based on past experience.
(2) Commitments to provide guarantees
Balance of
commitments Description of
to provide liabilities
Guarantees guarantees guaranteed
Hibikinada ¥1,064 Commitments
Development to provide
Co., Ltd. guarantees
for loans
(3) Outstanding balance of installment receivables sold
with recourse ¥6,076
1. *1 Accumulated depreciation of property, plant and equipment
¥4,355,940
The above amount includes accumulated depreciation of
leased assets in the amount of ¥197,954 million.
2. *2 Machinery, equipment and vehicles included certain items in
the amount of ¥1,598,643 million leased to others under
lease agreements.
3. *3 These assets included the following assets pledged as
collateral:
(1) Assets pledged as collateral:
Cash on hand and in banks ¥ 1,993
Trade notes and accounts receivable 2,662
Sales finance receivables 1,230,097
Property, plant and equipment 851,998
Intangible fixed assets 200
Total ¥2,086,950
(2) Liabilities secured by the above collateral:
Short-term borrowings ¥ 602,105
Long-term borrowings 1,073,726
(including the current portion)
Total ¥1,675,831
4. Notes receivable discounted with banks outstanding
as of March 31, 2008 ¥5,473
5. Guarantees and others
(1) Guarantees
Balance of Description of
liabilities liabilities
Guarantees guaranteed guaranteed
Employees * ¥142,926 Guarantees for
employees’
housing loans
and others
196 foreign dealers 36,948 Guarantees for
and loans and
10 other companies others
Total ¥179,874
* Allowance for doubtful accounts is provided for these loans mainly
based on past experience.
(2) Commitments to provide guarantees
Balance of
commitments Description of
to provide liabilities
Guarantees guarantees guaranteed
Hibikinada ¥847 Commitments
Development to provide
Co., Ltd. guarantees
for loans
(3) Outstanding balance of installment receivables sold
with recourse ¥3,470
(Millions of yen)
(For consolidated balance sheets)