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5. Property, Plant and Equipment
Accumulated depreciation of property, plant and equipment at March 31, 2010 and 2009 was ¥1,099,678 million ($11,819,416 thousand)
and ¥1,100,730 million, respectively.
Impairment losses were recognized in the following asset groups for the years ended March 31, 2010 and March 31, 2009:
In millions of yen
In thousands of
U.S. dollars
2010 2010
Location Application Assets Impairment loss amount
Matsuyama, Ehime and Kawagoe,
Saitama and others (16 sites)
Assets used in
sales operations
Land, buildings and others
¥208 $2,238
Nayoro, Hokkaido and others
(2 sites)
Idle assets Land
6 65
¥214 $2,303
In millions of yen
2009
Location Application Assets
Impairment loss
amount
Tsukuba, Ibaraki and Nerima,
Tokyo and others (37 sites)
Assets used in sales
operations
Land, buildings and others
¥ 706
Ohta, Tokyo and Soka, Saitama
and others (14 sites)
Idle assets Land, buildings and others
871
Illinois, U.S.A. (6 sites) Production facilities Machinery and equipment,
furniture and fixtures and others
25,916
¥27,494
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 ¥214 million ($2,303 thousand) and ¥27,494 million for the years ended March 31,
2010 and 2009, respectively. Losses on land at March 31, 2010 and 2009 amounted to ¥85 million ($914 thousand) and ¥458 million,
respectively. Losses on buildings at March 31, 2010 and 2009 amounted to ¥125 million ($1,350 thousand) and ¥650 million, respectively.
Losses on other assets at March 31, 2010 and 2009 amounted to ¥3 million ($38 thousand) and ¥26,384 million, respectively.
42
MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010