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54 mitsubishi motors corporation annual report 2008
2. U.S. Dollar Amounts
The U.S. dollar amounts in the accompanying consolidated financial statements are included, solely for convenience, at
¥100.19 = U.S.$1.00, the exchange rate prevailing on March 31, 2008. This translation should not be construed as a representation that the
Yen amounts represent or have been, or could be, converted into U.S. dollars at that or any other rate.
3. Trade Notes and Accounts Receivable, and Finance Receivables
The outstanding balances of trade notes and accounts receivable sold to others which have been deducted from the respective accounts
amounted to ¥8,000 million ($79,848 thousand) and ¥6,614 million as of March 31, 2008 and 2007, respectively. Such amounts deducted
from finance receivables were ¥29,646 million ($295,900 thousand) and ¥27,836 million as of March 31, 2008 and 2007, respectively.
4. Property, Plant and Equipment
Accumulated depreciation of property, plant and equipment at March 31, 2008 and 2007 was ¥1,280,402 million ($12,779,745 thousand)
and ¥1,282,155 million respectively.
Impairment losses were recognized in the following asset groups for the year ended March 31, 2008 and March 31, 2007:
In millions of yen
In thousands of
U.S. dollars
2008
Location Application Assets Impairment loss amount
Nagasaki, Nagasaki and
Sapporo, Hokkaido and
others (49 sites)
Assets used in
sales operations Land, buildings and others ¥ 4,345 $ 43,374
Koufu, Yamanashi and
Nagoya, Aichi and
others (28 sites) Idle assets Land, buildings and others 802 8,010
Illinois, U.S.A. and
South Australia, Australia
(2 sites) Production facilities
Machinery and equipment,
furniture and fixtures and
others 16,170 161,398
¥21,318 $212,783
In millions of yen
2007
Location Application Assets
Impairment
loss amount
Shioya, Tochigi and
Okaya, Nagano and
others (78 sites)
Assets used in
sales operations Land, buildings and others ¥6,379
Niigata, Niigata and
Sendai, Miyagi and
others (29 sites) Idle assets Land, buildings and others 1,085
¥7,465