Mitsubishi 2004 Annual Report Download - page 43

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41
9. INVESTMENTS
Held-to-maturity securities and other securities at March 31, 2004 and 2003 were as follows:
In millions of yen
2004 2003
Carrying Estimated Unrealized Unrealized Carrying Estimated Unrealized Unrealized
amount fair value gains (losses) amount fair value gains (losses)
Held-to-maturity securities:
Securities without market value ————¥2,284 ¥2,284 — —
Total held-to-maturity securities ————¥2,284 ¥2,284 — —
In thousands of U.S. dollars
2004
Carrying Estimated Unrealized Unrealized
amount fair value gains (losses)
Held-to-maturity securities:
Securities without market value ————
Total held-to-maturity securities ————
In millions of yen
2004 2003
Acquisition Carrying Unrealized Unrealized Acquisition Carrying Unrealized Unrealized
cost amount gains (losses) cost amount gains (losses)
Other securities:
Securities with market value ¥17,744 ¥49,989 ¥32,354 ¥(109) ¥29,850 ¥ 84,163 ¥55,141 ¥(828)
Securities without market value 29,722 29,722 — — 21,522 21,522 — —
Total other securities ¥47,466 ¥79,712 ¥32,354 ¥(109) ¥51,372 ¥105,685 ¥55,141 ¥(828)
In thousands of U.S. dollars
2004
Acquisition Carrying Unrealized Unrealized
cost amount gains (losses)
Other securities:
Securities with market value $167,891 $472,986 $306,129 $(1,034)
Securities without market value 281,220 281,220 — —
Total other securities $449,111 $754,207 $306,129 $(1,034)
Proceeds from sales of other securities and the corresponding gross gains and losses, which are included in other income (loss),
net for the years ended March 31, 2004 and 2003 were as follows:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Proceeds ¥58,655 ¥20,288 $554,978
Gross gains 39,488 13,821 373,622
Gross losses 56 3533
Significant declines in the value of securities with market value are recognized as impairment losses if the decline is not con-
sidered to be recoverable. After the write-down of the impaired amount, a new book acquisition cost is established. Losses
recognized on the impairment of securities with market value totaled ¥36 million ($348 thousand) and ¥10,401 million for the
years ended March 31, 2004 and 2003, respectively.
Significant declines in the value of securities without market value are recognized as impairment losses. Losses recognized on
the impairment of securities without market value totaled ¥65 million ($618 thousand) for the year ended March 31, 2004.