Suzuki 1999 Annual Report Download - page 26

As a lessor
(1)Amounts equivalent to acquisition
costs, accumulated depreciation and
net balance as of 31st March, 1999
1999 1998 1999
Acquisition costs ........................................ ¥ 610 ¥ — $5,060
Accumulated depreciation......................... (263) — (2,186)
Net balance ................................................. 346 — 2,874
(2)Future lease revenues
Due within one year ................................... 132 74 1,097
Thereafter.................................................... 391 220 3,243
523 295 4,341
(3)Lease revenues ............................................... 124 73 1,034
Depreciation .................................................... ¥ 180 ¥ — $1,501
Thousands of
Millions of yen U.S. dollars
Operating lease transactions as of 31st March, 1999 were as follows:
As a lessee Thousands of
Millions of yen U.S. dollars
1999 1998 1999
Future lease payments
Due within one year ................................... ¥ 165 ¥ 255 $1,375
Thereafter.................................................... 974 1,101 8,086
1,140 1,357 9,461
Thousands of
Millions of yen U.S. dollars
1999 1998 1999
Future lease revenues
Due within one year ................................... 29 32 246
Thereafter.................................................... 64 102 533
¥ 93 ¥ 135 $ 779
As a lessor
7. Shareholders’ equity
On 19th November, 1998, the Company issued 33,600,000 new shares to General Motor
Corporation in the amount of ¥21,134 million by third-party alloment.
Under the Commercial Code of Japan, at least 50 per cent. of the issue price of new
shares, with a minimum of the par value, is required to be designated as common stock, and
proceeds in excess of the amounts designated as common stock may be transferred to
additional paid-in capital.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS