Mitsubishi 2002 Annual Report Download - page 62

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60
(In thousands of U.S. dollars)
2002
Notional Fair Unrealized
March 31, amount value gain (loss)
Interest rate swaps:
Receive-fixed, pay-floating $–$–$–
Pay-fixed, receive-floating 590,574 (34,304) (34,304)
Total $590,574 $(34,304) $(34,304)
15. Leases
As lessee
MMC and its consolidated subsidiaries lease certain property, plant and equipment. For the years ended March 31, 2002
and 2001, finance leases, except for agreements which stipulate the transfer of title of the assets to the lessee, were as
follows:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2002 2001 2002
Finance lease obligations:
Due within 1 year ¥20,233 ¥22,918 $151,842
Due after 1 year 37,882 44,670 284,293
Total ¥58,116 ¥67,588 $436,143
At March 31, 2002 and 2001, the equivalent of the acquisition cost of finance lease transactions, except for agreements
which stipulate the transfer of title of the assets to the lessee, amounted to ¥77,636 million ($582,634 thousand) and
¥91,136 million for tools and equipment respectively, and ¥31,818 million ($238,784 thousand) and ¥31,967 million for
others, respectively. At March 31, 2002 and 2001, the total equivalent of the related net book value was ¥41,122 million
($308,608 thousand) and ¥46,352 million, respectively, that was calculated with deductions of the related accumulated
depreciation of ¥68,332 million ($512,811 thousand) and ¥76,751 million, respectively.
For the years ended March 31, 2002 and 2001, lease payments for finance lease transactions, except for agreements
which stipulate the transfer of title of the assets to the lessee, amounted to ¥24,546 million ($184,210 thousand) and
¥29,434 million, respectively. The equivalent of the related depreciation for the years ended March 31, 2002 and 2001
amounted to ¥20,489 million ($153,764 thousand) and ¥25,999 million, respectively. The equivalent of the related interest
expense for the years ended March 31, 2002 and 2001 amounted to ¥2,158 million ($16,195 thousand) and ¥2,786 million,
respectively.