Mitsubishi 2009 Annual Report Download - page 45

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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 the worsening market environment and other factors, the book value of some of the assets has been adjusted down-
wardly to recoverable value.
The recoverable values of assets have been obtained through comparing and then taking the higher of: value in use, which is
determined 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 ¥27,494 million ($279,895 thousand) and ¥21,318 million for the year ended
March 31, 2009 and 2008, respectively. Losses on land at March 31, 2009 and 2008 amounted to ¥458 million ($4,666 thousand) and
¥2,948 million, respectively. Losses on buildings at March 31, 2009 and 2008 amounted to ¥650 million ($6,626 thousand) and ¥2,211
million, respectively. Losses on other assets at March 31, 2009 and 2008 amounted to ¥26,384 million ($268,602 thousand) and ¥16,158
million, respectively.
6. Investments
Other securities at March 31, 2009 and 2008 were as follows:
In millions of yen
2009 2008
Acquisition
cost
Carrying
amount
Unrealized
gains
Unrealized
(losses)
Acquisition
cost
Carrying
amount
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value ¥10,424 ¥13,312 ¥5,795 ¥(2,907) ¥10,730 ¥29,071 ¥18,394 ¥(53)
Securities without
market value 7,916 7,916 – – 14,254 14,254 – –
Total other securities ¥18,340 ¥21,228 ¥5,795 ¥(2,907) ¥24,985 ¥43,326 ¥18,394 ¥(53)
In thousands of U.S. dollars
2009
Acquisition
cost
Carrying
amount
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value $106,119 $135,521 $58,997 $(29,595)
Securities without
market value 80,588 80,588 – –
Total other securities $186,708 $216,110 $58,997 $(29,595)
Proceeds from sales of other securities and the corresponding gross gains and losses that are included in other gain (loss), net in
the accompanying consolidated statements of operations for the years ended March 31, 2009 and 2008 were as follows:
In millions of yen
In thousands of
U.S. dollars
2009 2008 2009
Proceeds ¥446 ¥482 $4,545
Gross gains 77 183 784
Gross losses (16) (0) (167)
43
Annual Report 2009 MITSUBISHI MOTORS CORPORATION