Mitsubishi 2007 Annual Report Download - page 71

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69
Notes to Consolidated Financial Statements
(c) Lease payment expense, reversal of impairment provisions 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
2007 2006 2007
Lease payment expense ¥7,904 ¥9,570 $66,959
Reversal of impairment provisions relating to leased assets 13 12 110
Notional depreciation expense 6,907 8,747 58,512
Notional interest expense 630 498 5,344
Impairment loss 12 38 102
(d) Notional finance lease depreciation method
Notional depreciation of such finance leases is principally calculated and depreciated with no residual value by the
declining-balance method over the lease term.
(e) Calculation of notional interest expense of finance leases
The notional interest expense of such finance leases is principally regarded as the difference between total minimum
lease payments and acquisition cost, and is allocated to each period using the interest method.
Future minimum lease payments required under operating lease transactions entered into by MMC and its consoli-
dated subsidiaries at March 31, 2007 and 2006 were as follows:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Due within 1 year ¥ 4,664 ¥15,596 $ 39,514
Due after 1 year 17,070 30,294 144,599
Total ¥21,734 ¥45,891 $184,114
As lessor
Future minimum lease revenues from operating lease transactions entered into by MMC and its consolidated subsidiar-
ies as lessor at March 31, 2007 and 2006 were as follows:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Due within 1 year ¥10,825 ¥14,508 $ 91,706
Due after 1 year 12,307 15,279 104,258
Total ¥23,133 ¥29,787 $195,964