Mitsubishi 2004 Annual Report Download - page 48

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46
15. OTHER INCOME (LOSS), NET
Other income (loss), net for the years ended March 31, 2004 and 2003 consisted of the following:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Gain on sales of investments in securities ¥39,431 ¥ 13,980 $373,089
Gain on sales of stocks of subsidiaries —6,569 —
Loss on sales and disposal of property, plant and equipment
and intangible assets (4,022) (3,358) (38,056)
Cumulative effect of a change in accounting for deferred lease
subvention income —(11,152) —
Loss on impairment of investment securities (527) (10,401) (4,987)
Income from affiliated companies 9,573 2,373 90,582
Foreign exchange (loss) gain (2,015) 292 (19,071)
Reversal/(Provision) of accrual for restructuring expense 3,534 (1,170) 33,441
Cost of extraordinary measures —(5,099) —
Severance payments for early retirement (3,190) (1,361) (30,185)
Amortization of consolidation goodwill 1,560 833 14,763
Litigation expenses (5,137) (3,941) (48,612)
Other (3,214) (1,566) (30,416)
¥35,992 ¥(14,000) $340,547
16. CASH FLOW INFORMATION
Cash and cash equivalents at March 31, 2004 and 2003 consisted of the following:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Cash and bank deposits ¥173,514 ¥81,728 $1,641,734
Time deposits with maturities of three months or more (2,161) (916) (20,453)
Short-term investments maturing within three months
from the acquisition dates 10,558 3,732 99,895
Cash and cash equivalents ¥181,911 ¥84,544 $1,721,177
Interest paid less interest received and dividends received for the years ended March 31, 2004 and 2003 amounted to a net
expense of ¥15,232 million ($144,122 thousand) and ¥27,858 million, respectively. Income taxes paid for the years ended
March 31, 2004 and 2003 amounted to ¥5,260 million ($49,777 thousand) and ¥7,668 million, respectively.
Purchase of property, plant and equipment within investing activities in the consolidated statements of cash flows for the
years ended March 31, 2004 and 2003 includes payments for the acquisition of lease vehicles of ¥45,059 million ($426,339
thousand) and ¥75,371 million, respectively.
Proceeds from sales of property, plant and equipment within investing activities in the consolidated statements of cash flows
for the years ended March 31, 2004 and 2003 includes proceeds from sales of lease vehicles of ¥64,998 million ($614,988
thousand) and ¥68,100 million, respectively.
Changes in finance receivables within operating activities in the consolidated statements of cash flows for the years ended
March 31, 2004 and 2003 are the net of payments amounting to ¥257,773 million ($2,438,960 thousand) and ¥1,072,027
million, respectively, and proceeds from collections amounting to ¥211,608 million ($2,002,164 thousand) and ¥958,017 mil-
lion, respectively.