Mitsubishi 2010 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2010 Mitsubishi annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

6. Investments
Other securities at March 31, 2010 and 2009 were as follows:
In millions of yen In thousands of U.S. dollars
2010 2010
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with market value
¥20,296 ¥10,170 ¥10,138 ¥(12) $218,143 $109,317 $108,965 $(139)
Total
¥20,296 ¥10,170 ¥10,138 ¥(12) $218,143 $109,317 $108,965 $(139)
Significant declines in the value of securities with market value are recognized as impairment losses if the decline is not considered
to be recoverable. After the write-down of the impaired amount, a new book value is recognized. Losses recognized on the impairment
of other securities with market value totaled ¥20 million ($220 thousand) for the year ended March 31, 2010.
In millions of yen
2009
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with market value
¥13,312 ¥10,424 ¥5,795 ¥(2,907)
Securities without market value
7,916 7,916 – –
Total other securities
¥21,228 ¥18,340 ¥5,795 ¥(2,907)
Significant declines in the value of securities with market value are recognized as impairment losses if the decline is not considered
to be recoverable. After the write-down of the impaired amount, a new book value is recognized. Losses recognized on the impairment
of securities with market value totaled ¥0 million for the year ended March 31, 2009. Similarly, significant declines in the value of securi-
ties without market value are recognized as impairment losses. Losses recognized on the impairment of securities without market value
totaled ¥43 million for the year ended March 31, 2009.
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, 2010 and 2009 were as follows:
In millions of yen
In thousands of
U.S. dollars
2010 2009 2010
Proceeds
¥260 ¥446 $2,795
Gross gains
136 77 1,468
Gross losses
–(16) –
7. Accounts Payable—other and Accrued Expenses
Accounts payable—other and accrued expenses at March 31, 2010 and 2009 were as follows:
In millions of yen
In thousands of
U.S. dollars
2010 2009 2010
Accrued expenses and accounts payable
¥101,190 ¥114,578 $1,087,607
Allowance for product warranties
26,331 35,561 283,009
¥127,522 ¥150,139 $1,370,616
8. Short-term Loans Payable, Long-term Debt and Lease Obligations
Short-term loans payable at March 31, 2010 and 2009 consisted of the following:
In millions of yen
In thousands of
U.S. dollars
2010 2009 2010
Loans, principally from banks
¥125,851 ¥179,635 $1,352,659
43
MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010