Mitsubishi 2004 Annual Report Download - page 49

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47
Assets and liabilities which MMC transferred to Mitsubishi Fuso Truck and Bus Corporation (MFTBC) as part of the demerg-
er described in Note 19 are summarized as follows ((decrease) increase):
In millions of yen
March 31, 2003
Current assets ¥(343,007)
Non-current assets (379,238)
Current liabilities 393,600
Non-current liabilities 106,900
Minority interests 1,754
Proceeds from the sale of shares due to the demerger of MFTBC 118,122
Cash and cash equivalents of MFTBC 58,865
Net proceed of sales of MFTBC ¥ 59,257
In the year ended March 31, 2002, additions and collection of finance receivables were classified in “loans made” and
“collection of loans receivable,” respectively, within investing activities in the consolidated statements of cash flows. However,
the management of the relevant overseas subsidiaries consider finance receivables as operational assets and consequently, in the
year ended March 31, 2003, additions and collections of finance receivables were classified as “changes in operating assets and
liabilities — finance receivables.” The effect of this change was to decrease net cash provided by operating activities by
¥114,009 million and to increase net cash provided by investing activities by ¥114,009 million in the year ended March 31,
2003 as compared to the same amounts for the year ended March 31, 2002.
17. LEASES
As lessee
MMC and its consolidated subsidiaries lease certain property, plant and equipment. For the years ended March 31, 2004 and
2003, details of finance leases, excluding those lease agreements which stipulate the transfer of title of the assets to the lessee,
were as follows:
1. Notional equivalent acquisition cost, accumulated depreciation, and related net book value of such finance lease
assets:
In millions of yen
2004 2003
Notional Notional Notional Notional Notional Notional
equivalent equivalent equivalent equivalent equivalent equivalent
acquisition accumulated net book acquisition accumulated net book
cost depreciation value cost depreciation value
Tools and equipment ¥40,392 ¥26,322 ¥14,070 ¥49,183 ¥29,773 ¥19,409
Others 5,256 2,693 2,563 10,469 3,903 6,566
Total ¥45,649 ¥29,015 ¥16,634 ¥59,653 ¥33,677 ¥25,975
In thousands of U.S. dollars
2004
Notional Notional Notional
equivalent equivalent equivalent
acquisition accumulated net book
cost depreciation value
Tools and equipment $382,176 $249,049 $133,127
Others 49,739 25,481 24,258
Total $431,916 $274,530 $157,385