Isuzu 2015 Annual Report Download - page 33

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Isuzu Motors Limited
■
Annual Report 2015
FINANCIAL SECTION
2015 2014 2015
Guarantees of bank loans
7. Shareholders’ Equity
Changes in the numbers of shares issued and outstanding for the years
ended March 31, 2015 and 2014 are as follows:
8. Land Revaluation
In accordance with the Law concerning Revaluation of Land enacted
on March 31, 1999, the land used for business owned by the Company
and its domestic consolidated subsidiaries was revalued, and the
unrealized gain on the revaluation of land, net of deferred tax, was
reported as “Revaluation Reserve for Land” within net assets, and the
relevant deferred tax was reported as “Deferred Tax Liabilities related
to Land Revaluation” in liabilities for the fiscal year ended March 31,
2015.
Revaluation Date: March 31, 2000
In accordance with the Law concerning Revaluation of Land enacted
on March 31, 1998, the land used for business owned by certain
consolidated subsidiaries accounted for by the equity method was
revalued.
Revalued Date: March 31, 2001
The method of revaluation is as follows:
Under article 2-4 of the Enforcement Ordinance on Law concerning
Revaluation of Land, the land price for the revaluation was determined
based on the official notice prices assessed and published by the
Commissioner of National Tax Agency of Japan as basis for calculation
of Landholding Tax as stipulated in article 16 of the Landholding Tax
Law. Appropriate adjustments for the shape of land and the timing of
the assessment have been made. The land price for the revaluation for
some of the land is based on appraisal value.
The difference between the total fair value of business land, based
on the article 10 of the Enforcement Ordinance on Law concerning
Revaluation of Land, as of the end of the current fiscal year and
the total book value after revaluation revalued was ¥65,456 million
($544,696 thousands).
9. Contingent Liabilities
Contingent liabilities at March 31, 2015 and 2014 are as follows:
Thousands of
Millions of yen U.S. dollars
¥ 119 ¥ 697 $ 996
Common stock outstanding
2015 2014
Balance at the beginning of the year 1,696,845,339 1,696,845,339
Decrease (848,422,670) —
Balance at the end of the year 848,422,669 1,696,845,339
Treasury stock outstanding
2015 2014
Balance at beginning of the year 2,260,843 2,584,146
Increase 21,973,050 148,858
Decrease (9,237,371) (472,161)
Balance at end of the year 14,996,522 2,260,843
10. Lease Transactions
1. Lessor
(1) Finance lease
i) Net investments in direct financing leases as of March 31, 2015 and
2014 are as follows.
ii) Future minimum lease payments as per lease receivables to be
received after the end of the fiscal year are as follows:
iii) Future minimum lease payments as per lease investment assets to
be received after the end of the fiscal year are as follows:
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
¥ 40,264
3,815
(3,596)
¥ 40,482
$ 335,061
31,748
(29,930)
$ 336,879
¥ 18,091
1,543
(1,826)
¥ 17,808
2015 2014 2015
Due within 1 year
Over 1 year within 2 years
Over 2 years within 3 years
Over 3 years within 4 years
Over 4 years within 5 years
Thereafter
Total
2015 2014 2015
Due within 1 year
Over 1 year within 2 years
Over 2 years within 3 years
Over 3 years within 4 years
Over 4 years within 5 years
Thereafter
Total
¥ 756
757
713
500
114
38
¥ 2,882
$ 6,298
6,304
5,939
4,168
953
323
$ 23,988
¥ 102
99
99
99
75
5
¥ 482
¥ 9,460
9,392
9,310
8,277
3,525
297
¥ 40,264
$ 78,728
78,157
77,4 80
68,881
29,339
2,476
$ 335,061
¥ 3,812
3,768
3,755
3,739
2,822
193
¥ 18,091
2015 2014 2015
Total minimum lease payments
to be received
Estimated unguaranteed
residual value of leased assets
Amounts equivalent to interest income
Net investment in direct financing leases