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55
annual report 2008 mitsubishi motors corporation
The groupings of assets are determined as follows:
Assets used in production are grouped either by manufacturing plants or operational sites. Assets used in sales operations are generally
grouped by operational sites. Assets leased to others and idle assets have their own asset groups.
As a result of worsening market environment and other factors, the book value of some of the assets has been adjusted downwardly to
recoverable value.
The recoverable values of assets have been obtained through comparing and then taking the higher of: value in use, which is deter-
mined by estimating future cash flow with a 5% discount rate; and net realizable value, which is based on an appraisal value obtained from
a professional real estate appraiser or calculated on a reasonable basis by using the estate tax valuations through land assessments and
similar methods.
Loss on impairment of fixed assets amounted to ¥21,318 million ($212,783 thousand) and ¥7,465 million for the year ended
March 31, 2008 and 2007, respectively. Losses on land at March 31, 2008 and 2007 amounted to ¥2,948 million ($29,432 thousand)
and ¥3,102 million, respectively. Losses on buildings at March 31, 2008 and 2007 amounted to ¥2,211 million ($22,068 thousand)
and ¥2,340 million, respectively.
Losses on other assets at March 31, 2008 and 2007 amounted to ¥16,158 million ($161,282 thousand) and ¥2,022 million, respectively.
5. Investments
Other securities at March 31, 2008 and 2007 were as follows:
In millions of yen
2008 2007
Acquisition
cost
Carrying
amount
Unrealized
gains
Unrealized
(losses)
Acquisition
cost
Carrying
amount
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value ¥10,730 ¥29,071 ¥18,394 ¥(53) ¥10,682 ¥27,892 ¥17,218 ¥(8)
Securities without
market value 14,254 14,254 — — 32,577 32,577 — —
Total other securities ¥24,985 ¥43,326 ¥18,394 ¥(53) ¥43,259 ¥60,469 ¥17,218 ¥(8)
In thousands of U.S. dollars
2008
Acquisition
cost
Carrying
amount
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value $107,103 $290,162 $183,594 $(535)
Securities without
market value 142,276 142,276 — —
Total other securities $249,379 $432,439 $183,594 $(535)