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(Practical solution on unification of accounting policies applied to foreign subsidiaries for consolidated financial statements)
From the beginning of this fiscal year, the “Practical Solution on Unification of Accounting Policies Applied to Foreign Subsidiaries for
Consolidated Financial Statements” (PITF Practical Solution No. 18) has been adopted. Accordingly, the opening balance of retained
earnings decreased by ¥13,455 million ($136,979 thousand). Operating income has increased by ¥1,943 million ($19,789 thousand), and
ordinary loss and net loss before income taxes and minority interests also decreased by the same amount respectively as compared to
the amount that would have been recorded under the previous method.
The impact on the segment information has been described in the relevant section.
3. U.S. Dollar Amounts
The U.S. dollar amounts in the accompanying consolidated financial statements are included, solely for convenience, at ¥98.23 =
U.S. $1.00, the exchange rate prevailing on March 31, 2009. 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.
4. Notes and Accounts Receivable-trade, 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 ¥7,600 million ($77,369 thousand) and ¥8,000 million as of March 31, 2009 and 2008, respectively. Such amounts
deducted from finance receivables were ¥29,646 million as of March 31, 2008.
5. Property, Plant and Equipment
Accumulated depreciation of property, plant and equipment at March 31, 2009 and 2008 was ¥1,100,730 million ($11,205,642 thousand)
and ¥1,280,402 million respectively.
Impairment losses were recognized in the following asset groups for the year ended March 31, 2009 and March 31, 2008:
In millions of yen
In thousands of
U.S. dollars
2009 2009
Location Application Assets Impairment loss amount
Tsukuba, Ibaragi and
Nerima, Tokyo and
others (37 sites)
Assets used in
sales operations
Land, buildings and others ¥ 706 $ 7,189
Ohta, Tokyo and Soka,
Saitama and others
(14 sites)
Idle assets Land, buildings and others 871 8,870
Illinois, U.S.A. (6 sites) Production facilities Machinery and equipment,
furniture and fixtures and
others
25,916 263,836
¥27,494 $279,895
In millions of yen
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
Koufu, Yamanashi and
Nagoya, Aichi and others
(28 sites)
Idle assets Land, buildings and others 802
Illinois, U.S.A. and
South Australia,
Australia (2 sites)
Production facilities Machinery and equipment,
furniture and fixtures and
others
16,170
¥21,318
42 MITSUBISHI MOTORS CORPORATION Annual Report 2009