Mitsubishi 2006 Annual Report Download - page 69

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67
MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
In thousands of U.S. dollars
2006
Acquisition Carrying Unrealized Unrealized
cost amount gains (losses)
Other securities
Securities with
market value $ 84,029 $213,764 $129,788 $(54)
Securities without
market value 232,301 232,301 — —
Total other securities $316,331 $446,065 $129,788 $(54)
Proceeds from sales of other securities and the corresponding gross gains and losses, which are included in
other loss, net in the accompanying consolidated statements of operations for the years ended March 31, 2006 and
2005 were as follows:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Proceeds ¥74 ¥9,477 $638
Gross gains 31 1,609 268
Gross losses —277 —
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 value is established.
Losses recognized on the impairment of securities with market value totaled ¥2 million for the year ended March 31,
2005. However, an impairment was not incurred in the year ended March 31, 2006.
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 ¥9 million ($84 thousand) and ¥38 million
for the years ended March 31, 2006 and 2005, respectively.
Investments in unconsolidated subsidiaries and affiliated companies, and investments in securities at March 31,
2006 and 2005 were as follows:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Investments in unconsolidated subsidiaries and
affiliated companies ¥36,395 ¥35,535 $309,827
Investments in securities 47,033 44,580 400,388
¥83,429 ¥80,115 $710,215
10. Accrued Expenses, Accounts Payable and Deferred Income
Accrued expenses, accounts payable and deferred income at March 31, 2006 and 2005 were as follows:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Accrued expenses and accounts payable ¥181,553 ¥175,734 $1,545,528
Allowance for product warranties 49,589 49,859 422,143
Deferred income 3,856 22,783 32,827
Accrued bonuses —5,516 —
¥234,998 ¥253,893 $2,000,498
Notes to Consolidated Financial Statements