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11. Selling, General and Administrative Expenses
Selling, general and administrative expenses for the years ended March 31, 2009 and 2008 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2009 2008 2009
Advertising and promotion expenses ¥ 78,783 ¥126,790 $ 802,031
Freightage expense 44,530 44,510 453,331
Directors’ compensations, salaries and allowances 66,979 74,294 681,866
Pension expenses 5,144 4,975 52,374
Depreciation 13,791 13,991 140,404
Research and development expenses 35,808 34,586 364,535
Other 61,485 79,614 625,935
Total ¥306,524 ¥378,765 $3,120,480
12. Other Gain (Loss), Net
Other gain (loss), net for the years ended March 31, 2009 and 2008 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2009 2008 2009
Gain on sales of investments in securities ¥ 91 ¥ 193 $ 928
Loss on sales and retirement of property, plant and equipment, net (2,968) (2,602) (30,216)
Reversal of allowance for doubtful accounts 460 2,248 4,691
Gain from affiliates accounted for by the equity method, net 367 4,447 3,737
Early retirement expense (8,832) (731) (89,912)
Cost related to the closure of the production facility of Australian subsidiary –(14,641) –
Litigation expenses (3,517) (5,152) (35,811)
Foreign exchange losses (5,105) (9,926) (51,977)
Gain on liquidation of anonymous association –4,655 –
Reversal of cost related to the closure of the production facility
of Australian subsidiary 1,896 –19,307
Gain on transfer from business divestitures 561 –5,714
Other (5,042) (6,781) (51,329)
Total ¥(22,088) ¥(28,291) $(224,867)
48 MITSUBISHI MOTORS CORPORATION Annual Report 2009