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13. Cash Flow Information
Cash and cash equivalents at March 31, 2009 and 2008 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2009 2008 2009
Cash and bank deposits ¥167,841 ¥355,896 $1,708,659
Time deposits with maturities of more than three months (13,175) (747) (134,125)
Short-term investments maturing within three months from the acquisition date –5,754 –
Cash and cash equivalents ¥154,666 ¥360,902 $1,574,533
Interest paid less interest received and dividends received within operating activities in the consolidated statements of cash flows
for the years ended March 31, 2009 and 2008 amounted to a net expense of ¥5,917 million ($60,236 thousand) and ¥10,480 million,
respectively. Income taxes paid for the years ended March 31, 2009 and 2008 amounted to ¥6,727 million ($68,484 thousand) and
¥9,301 million, respectively.
Purchases of property, plant and equipment within investing activities in the consolidated statements of cash flows for the years
ended March 31, 2009 and 2008 include payments for the acquisition of lease vehicles of ¥13,006 million ($132,413 thousand) and
¥20,277 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, 2009 and 2008 include proceeds from sale of lease vehicles of ¥8,587 million ($87,423 thousand) and ¥17,435
million, respectively.
Changes in finance receivables within operating activities in the consolidated statements of cash flows for the years ended March
31, 2009 and 2008 are primarily the net of payments amounting to ¥68,616 million ($698,528 thousand) and ¥95,514 million, respectively,
and proceeds from collections amounting to ¥52,247 million ($531,891 thousand) and ¥126,882 million, respectively.
14. Leases
As lessee
(1) Finance lease transactions that do not involve transfer of ownership to the lessee
(a) Description of the leased assets:
Property, plant and equipment
Leased assets principally include, but are not limited to, production facilities for the automobile business (“Machinery and equip-
ment (net)” and “Tool, furniture and fixtures (net)”).
(b) Depreciation method of leased assets:
Leased assets under finance leases that do not involve transfer of ownership to the lessee, are depreciated using the straight line
method based on the contract term of the lease agreement. If the guaranteed residual value is determined in the lease agreement, the
said guaranteed residual value is deemed as the residual value of such leased assets. If the residual value is not determined, it is
deemed to be zero.
(2) Operating lease transactions
Future minimum lease payments required under non-cancellable operating lease transactions entered into by MMC and its consoli-
dated subsidiaries at March 31, 2009 and 2008 were as follows:
In millions of yen
In thousands of
U.S. dollars
2009 2008 2009
Due within 1 year ¥ 4,189 ¥ 5,337 $ 42,651
Due after 1 year 12,628 17,377 128,559
Total ¥16,818 ¥22,714 $171,211
49
Annual Report 2009 MITSUBISHI MOTORS CORPORATION