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62 mitsubishi motors corporation annual report 2008
12. Cash Flow Information
Cash and cash equivalents at March 31, 2008 and 2007 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2008 2007 2008
Cash and bank deposits ¥355,896 ¥358,058 $3,552,214
Time deposits with maturities of more than three months (747) (6,005) (7,464)
Short-term investments maturing within three months
from the acquisition date 5,754 12,215 57,435
Cash and cash equivalents ¥360,902 ¥364,268 $3,602,184
Interest paid less interest received and dividends received within operating activities in the consolidated statements of cash flows
for the years ended March 31, 2008 and 2007 amounted to a net expense of ¥10,480 million ($104,608 thousand) and ¥10,779 million,
respectively. Income taxes paid for the years ended March 31, 2008 and 2007 amounted to ¥9,301 million ($92,835 thousand) and
¥7,881 million, respectively.
Purchases of property, plant and equipment within investing activities in the consolidated statements of cash flows for the years
ended March 31, 2008 and 2007 include payments for the acquisition of lease vehicles of ¥20,277 million ($202,393 thousand) and ¥16,799
million, respectively.
Proceeds from sales of property, plant and equipment within investing activities in the consolidated statements of cash flows for the
years ended March 31, 2008 and 2007 include proceeds from sale of lease vehicles of ¥17,435 million ($174,026 thousand) and ¥18,909
million, respectively.
Changes in finance receivables within operating activities in the consolidated statements of cash flows for the years ended March 31,
2008 and 2007 are primarily the net of payments amounting to ¥95,514 million ($953,334 thousand) and ¥161,005 million, respectively,
and proceeds from collections amounting to ¥126,882 million ($1,266,423 thousand) and ¥208,805 million, respectively.
13. Leases
As lessee
The following pro forma amounts represent acquisition costs, accumulated depreciation, impairment losses, and net book value of the
leased assets as of March 31, 2008 and 2007, which would have been reflected in the consolidated balance sheet if finance lease account-
ing had been applied to finance lease transactions except for lease arrangements that stipulate the transfer of title of the assets to the
lessee, which are accounted for as operating leases: