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73
MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
17. Leases
As lessee
The following pro forma amounts represent the acquisition costs, accumulated depreciation, impairment losses, and
net book value of the leased assets as of March 31, 2006, which would have been reflected in the consolidated bal-
ance sheet if finance lease accounting had been applied to the finance lease transactions excluding lease arrange-
ments 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, impairment losses, and related net book value of
such finance lease assets:
In millions of yen
2006 2005
Notional Notional Notional Notional Notional Notional
Notional equivalent equivalent equivalent equivalent equivalent equivalent
equivalent accumulated impairment net book acquisition accumulated net book
acquisition cost depreciation loss value cost depreciation value
Tools and equipment ¥36,950 ¥21,843 ¥20 ¥15,086 ¥31,275 ¥23,033 ¥ 8,242
Others 5,507 3,215 17 2,273 5,372 2,432 2,940
Total ¥42,458 ¥25,059 ¥38 ¥17,360 ¥36,648 ¥25,466 ¥11,182
In thousands of U.S. dollars
2006
Notional Notional Notional
Notional equivalent equivalent equivalent
equivalent accumulated impairment net book
acquisition cost depreciation loss value
Tools and equipment $314,554 $185,950 $172 $128,431
Others 46,882 27,375 153 19,353
Total $361,437 $213,325 $325 $147,785
(b) Future minimum lease payments of such finance leases:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Due within 1 year ¥11,105 ¥ 7,350 $ 94,536
Due after 1 year 11,824 9,933 100,660
Total ¥22,929 ¥17,283 $195,197
The balance of impairment provision relating to leased assets is ¥25 million ($218 thousand) at March 31, 2006.
(c) Lease payment expense, reversal of impairment provision relating to leased assets, notional depreciation expense,
notional interest expense and impairment loss of such finance leases:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Lease payment expense ¥9,570 ¥10,156 $81,471
Reversal of impairment provisions relating to leased assets 12 —107
Notional depreciation expense 8,747 8,483 74,463
Notional interest expense 498 522 4,243
Impairment loss 38 —325
Notes to Consolidated Financial Statements