Mitsubishi 2002 Annual Report Download - page 63

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61
Operating lease transactions entered into as lessee by MMC and its consolidated subsidiaries at March 31, 2002 and
2001 were as follows:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2002 2001 2002
Future minimum lease payments on operating leases:
Due within 1 year ¥11,839 ¥16,227 $88,848
Due after 1 year 74,653 70,638 560,248
Total ¥86,493 ¥86,866 $649,103
As lessor
Operating lease transactions entered into as lessor by MMC and its consolidated subsidiaries at March 31, 2002 and 2001
were as follows:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2002 2001 2002
Future minimum lease revenues from operating leases:
Due within 1 year ¥56,879 ¥52,904 $426,859
Due after 1 year 71,754 67,011 538,492
Total ¥128,634 ¥119,916 $965,358
16. Retirement Benefits
MMC and its consolidated subsidiaries have several pension plans covering substantially all their employees. The con-
tributory plan includes a portion of the government-sponsored welfare pension benefits which would otherwise be pro-
vided by the Japanese government in accordance with the Welfare Pension Insurance Law of Japan. These contributory
and noncontributory plans are funded in accordance with the funding requirements set forth in the applicable govern-
ment regulations.
The discount rate was 2.5% for MMC and its domestic consolidated subsidiaries, 7.3%–7.5% for its foreign consolidated
subsidiaries and 3.0% for all consolidated subsidiaries at March 31, 2002 and 2001, respectively. The rate of return on plan
assets assumed was 4.0% for MMC and its domestic consolidated subsidiaries, 8.3%–8.5% for its foreign consolidated
subsidiaries and 4.0% for MMC and all consolidated subsidiaries for the years ended March 31, 2002 and 2001, respectively.