Mitsubishi 2004 Annual Report Download - page 59

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57
22. RELATED PARTY TRANSACTIONS
MMC entered into the following transactions with related parties during the years ended March 31, 2004 and 2003:
2004
(a) (b)
Party type: Other related company Affiliated company
Party name: DaimlerChrysler AG Mitsubishi Fuso Truck and Bus
Corporation
Address: Stuttgart, Germany Tokyo, Japan
Capital: Euro 2,633 million ¥20,000 million
Business: Manufacture and sale of passenger cars Development, design, manufacture,
and other transportation equipment assembly and sales of trucks and buses,
and related parts and accessories
% of voting stock held: Direct 33.7, Indirect 3.2 20.0
Concurrent board appointment: 1 person 1 person
Business relationship: International alliances for research, Sales of engine and transmission parts
development, production, sales and similar
for passenger cars
Detail of transaction: Sale of shares in MFTBC Deposit held
Transaction amount: Sale amount ¥52,360 million Deposit amount ¥275,000 million
($495,411 thousand) ($2,601,949 thousand)
Gain on sale ¥499 million Interest expenses ¥125 million
($4,721 thousand) ($1,184 thousand)
Account title: — Other current liabilities
Balance at year end: — —
(see (i) below) (see (ii) below)
2003
Party type: Other related party
Party name: DaimlerChrysler AG
Address: Stuttgart, Germany
Capital: Euro 2,609 million
Business: Manufacture and sale of passenger cars and other transportation equipment
% of voting stock held: Direct 33.7, Indirect 3.2
Concurrent board appointment: 1 person
Business relationship: International alliances for research, development, production, sales and similar for
passenger cars
Detail of transaction: Sale of shares in MFTBC
Transaction amount: Sale amount ¥99,110 million
Gain on sale ¥4,515 million
Account title: Other current assets
Balance at year end: ¥12,713 million
(see (i) below)
(i) The terms of the above transactions were decided by negotiation between the parties based on the net assets of the company
subject to the sale.
(ii) The highest amount of the deposit held during the year was ¥60,000 million ($567,697 thousand).