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65
MITSUBISHI MOTORS CORPORATION
Annual Report 2005
Financial Section
14. CASH FLOW INFORMATION
Cash and cash equivalents at March 31, 2005 and 2004 consisted of the following:
In thousands of
In millions of yen U.S. dollars
2005 2004 2005
Cash and bank deposits ¥307,474 ¥173,514 $2,863,160
Time deposits with maturities of three months or more (16,791) (2,161) (156,363)
Short-term investments maturing within three months
from the acquisition dates 4,220 10,558 39,297
Cash and cash equivalents ¥294,903 ¥181,911 $2,746,094
Interest paid less interest received and dividends received for the years ended March 31, 2005 and 2004 amounted to
a net expense of ¥15,927 million ($148,314 thousand) and ¥15,232 million, respectively. Income taxes paid for the years
ended March 31, 2005 and 2004 amounted to ¥4,675 million ($43,535 thousand) and ¥5,260 million, respectively.
Purchase of property, plant and equipment within investing activities in the consolidated statements of cash
flows for the years ended March 31, 2005 and 2004 includes payments for the acquisition of lease vehicles of
¥16,061 million ($149,558 thousand) and ¥45,059 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, 2005 and 2004 includes proceeds from sales of lease vehicles of
¥36,276 million ($337,797 thousand) and ¥64,998 million, respectively.
Changes in finance receivables within operating activities in the consolidated statements of cash flows for
the years ended March 31, 2005 and 2004 is the net of payments amounting to ¥95,011 million ($884,730
thousand) and ¥257,773 million, respectively, and proceeds from collections amounting to ¥223,580 million
($2,081,953 thousand) and ¥211,608 million, respectively.
15. LEASES
As lessee
The following pro forma amounts represent the acquisition costs, accumulated depreciation and net book value of
the leased assets as of March 31, 2005, which would have been reflected in the consolidated balances sheet if
finance lease accounting had been applied to the finance leases transactions excluding lease arrangements which
stipulate the transfer of title of the assets to the lessee, which are accounted for as operating leases:
(a) Notional equivalent acquisition cost, accumulated depreciation, and related net book value of such
finance lease assets:
In millions of yen
2005 2004
Notional Notional Notional Notional Notional
Notional equivalent equivalent equivalent equivalent equivalent
equivalent accumulated net book acquisition accumulated net book
acquisition cost depreciation value cost depreciation value
Tools and equipment ¥31,275 ¥23,033 ¥ 8,242 ¥40,392 ¥26,322 ¥14,070
Others 5,372 2,432 2,940 5,256 2,693 2,563
Total ¥36,648 ¥25,466 ¥11,182 ¥45,649 ¥29,015 ¥16,634