Mitsubishi 2005 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2005 Mitsubishi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

Annual Report 2005
60
MITSUBISHI MOTORS CORPORATION
Proceeds from sales of other securities and the corresponding gross gains and losses, which are included in other
income (loss), net in the accompanying consolidated statements of operations for the years ended March 31, 2005
and 2004 were as follows:
In thousands of
In millions of yen U.S. dollars
2005 2004 2005
Proceeds ¥9,477 ¥58,655 $88,255
Gross gains 1,609 39,488 14,988
Gross losses 277 56 2,587
Significant declines in the value of securities with market value are recognized as impairment losses if the
decline is not considered 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 ¥2 million ($25
thousand) and ¥36 million for the years ended March 31, 2005 and 2004, 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 ¥38 million ($356 thousand) and ¥65
million for the years ended March 31, 2005 and 2004, respectively.
Investment in unconsolidated subsidiaries and affiliated companies, and investment in securities at March 31,
2005 and 2004 were as follows:
In thousands of
In millions of yen U.S. dollars
2005 2004 2005
Investment in unconsolidated subsidiaries and
affiliated companies ¥35,535 ¥77,010 $330,897
Investment in securities 44,580 69,154 415,124
¥80,115 ¥146,165 $746,021
8. ACCRUED EXPENSES, OTHER PAYABLES AND DEFERRED INCOME
Accrued expenses, accounts payables and deferred income at March 31, 2005 and 2004 were as follows:
In thousands of
In millions of yen U.S. dollars
2005 2004 2005
Accrued expenses and accounts payables ¥175,734 ¥148,755 $1,636,409
Allowance for product warranty 49,859 38,403 464,285
Deferred income 22,783 110,390 212,156
Accrued bonuses 5,516 7,594 51,370
¥253,893 ¥305,144 $2,364,221
9. SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-term borrowings at March 31, 2005 and 2004 consisted of the following:
In thousands of
In millions of yen U.S. dollars
2005 2004 2005
Loans, principally from banks ¥236,151 ¥553,616 $2,199,011
Commercial paper —106,813 —
¥236,151 ¥660,430 $2,199,011