Mitsubishi 2004 Annual Report Download - page 44

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42
Investment in unconsolidated subsidiaries and affiliated companies, and investment in securities at March 31, 2004 and 2003
were as follows:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Investment in unconsolidated subsidiaries and affiliated companies ¥ 77,010 ¥114,841 $ 728,654
Investment in securities 69,154 104,232 654,311
¥146,165 ¥219,074 $1,382,965
10. ACCRUED EXPENSES, OTHER PAYABLES AND DEFERRED INCOME
Accrued expenses, other payables and deferred income at March 31, 2004 and 2003 were as follows:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Accrued expenses ¥ 58,269 ¥ 57,573 $ 551,324
Accrued bonuses 7,594 20,174 71,859
Deferred income 110,390 152,131 1,044,474
Product warranty provision 38,403 37,476 363,357
Other payables 90,486 87,415 856,146
¥305,144 ¥354,772 $2,887,162
Following a change in the internal rules for employee bonuses relating to the current year, MMC, on a non-consolidated
basis, did not have any amounts to record as accrued bonuses at March 31, 2004. At March 31, 2003, accrued bonuses
amounted to ¥20,174 million, of which the amount in respect of MMC, on a non-consolidated basis, was ¥12,995 million.
11. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2004 and 2003 consisted of the following:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Loans, principally from banks ¥553,616 ¥556,100 $5,238,115
Commercial paper 106,813 76,333 1,010,632
¥660,430 ¥632,434 $6,248,748
Long-term debt at March 31, 2004 and 2003 consisted of the following:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Loans, principally from banks and insurance companies, due through
2022 at rates averaged 3.2% in 2004 and 2.8% in 2003:
Secured ¥ 94,855 ¥ 51,316 $ 897,491
Unsecured 220,104 122,428 2,082,550
2.4% bonds due 2003 —29,500 —
2.7% bonds due 2004 20,000 20,000 189,232
3.1% bonds due 2007 8,700 8,700 82,316
3.3% bonds due 2009 25,600 25,800 242,217
1.7% convertible bonds due 2003 —19,200 —
Secured non-recourse notes payable due through 2006 at average rates
ranging from 1.5% to 2.2% —78,595 —
Euro medium-term notes due through 2008 at rates 1.6% 9,900 —93,670
Euro medium-term notes due through 2005 at rates ranging from
0.8% to 1.7% 15,375 6,917 145,478