Mitsubishi 2009 Annual Report Download - page 62

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Related Party Transactions
Transactions between MMC and the Related Parties
(a) Transaction with the parent or major shareholder (major corporate shareholder) of the reporting company (MMC)
March 31, 2009
Party type: Major shareholder
Party name: Mitsubishi Corporation
Address: Chiyoda-Ku, Tokyo, Japan
Capital: ¥202,816 million
Business: Wholesale trading
% of voting stock held: Direct 14.0 Indirect 0.0
Relationship with the Related Party: Sales of passenger cars and import of
materials for production/
Interlocking directorates
Detail of transaction: Sales
Transaction amount: ¥251,381 million
($2,559,111 thousand)
Account title: Accounts receivable
Balance at year end ¥7,476 million
($76,113 thousand)
(b) Transaction with the company who has the same parent as the reporting company (MMC) and/or the subsidiary of other
affiliate of the reporting company
March 31, 2009
Party type: Majority-owned company by a major
shareholder of MMC
Party name: MC Automobile (Europe) N.V.
Address: Amsterdam, The Netherlands
Capital: €107,572 thousands
Business: Controlling company of automobile
business operations in Europe
% of voting stock held: N/A
Relationship with the Related Party: Consignment sales of products
Detail of transaction: Sales
Transaction amount: ¥230,327 million
($2,344,780 thousand)
Account title: Accounts receivable
Balance at year end ¥880 million
($8,962 thousand)
Notes: (i) Consumption tax is excluded from transaction amount and included in the balance at year end.
(ii) Contract terms and the policy to determine the contract terms:
Sales price of products is determined based on market price and overall cost.
60 MITSUBISHI MOTORS CORPORATION Annual Report 2009