Mitsubishi 2008 Annual Report Download - page 63

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61
annual report 2008 mitsubishi motors corporation
10. Selling, General and Administrative Expenses
Selling, general and administrative expenses for the years ended March 31, 2008 and 2007 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2008 2007 2008
Sales promotion and advertising ¥126,790 ¥116,584 $1,265,503
Freight 44,510 27,596 444,257
Bad debts expense —471 —
Salaries and wages 74,294 77,302 741,540
Pension expenses 4,975 5,346 49,662
Depreciation 13,991 15,767 139,651
Research and development 34,586 41,325 345,213
Other 79,614 89,339 794,638
Total ¥378,765 ¥373,735 $3,780,468
11. Other Gain (Loss), Net
Other gain (loss), net for the years ended March 31, 2008 and 2007 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2008 2007 2008
Gain on sales of investments in securities ¥ 193 ¥ 5,202 $ 1,935
Loss on sales and disposal of property,
plant and equipment, net (2,602) (2,003) (25,976)
Reversal of allowance for doubtful accounts 2,248 —22,439
Gain from affiliates accounted for by the equity method, net 4,447 2,166 44,389
Early retirement expense (731) (3,073) (7,302)
Cost related to the closure of the production facility of
Australian subsidiary (14,641) —(146,136)
Litigation expenses (5,152) (4,856) (51,423)
Foreign exchange losses (9,926) (1,264) (99,077)
Gain on liquidation of anonymous association 4,655 13,885 46,461
Other (6,781) (7,043) (67,686)
Total ¥(28,291) ¥ 3,011 $(282,377)
Cost related to the closure of the production facility of Australian subsidiary consists of ¥9,423 million ($94,051 thousand) of early
retirement expense, ¥4,185 million ($41,778 thousand) of vendor claims, and ¥1,032 million ($10,306 thousand) of environmental
expenses.