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Purchases of property, plant and equipment within investing activities in the consolidated statements of cash flows for the years
ended March 31, 2010 and 2009 include payments for the acquisition of lease vehicles of ¥5,098 million ($54,796 thousand) and ¥13,006
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, 2010 and 2009 include proceeds from the sale of lease vehicles of ¥5,416 million ($58,213 thousand) and
¥8,587 million, respectively.
Changes in finance receivables within operating activities in the consolidated statements of cash flows for the years ended March
31, 2010 and 2009 are primarily the net of payments amounting to ¥98,447 million ($1,058,116 thousand) and ¥68,616 million, respec-
tively, and proceeds from collections amounting to ¥82,849 million ($890,475 thousand) and ¥52,247 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 equipment
(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, 2010 and 2009 were as follows:
In millions of yen
In thousands of
U.S. dollars
2010 2009 2010
Due within 1 year
¥1,680 ¥ 4,189 $18,057
Due after 1 year
7,081 12,628 76,108
Total
¥8,761 ¥16,818 $94,166
As lessor
Future minimum lease revenues from non-cancellable operating lease transactions entered into by MMC and its consolidated subsid-
iaries as lessor at March 31, 2010 and 2009 were as follows:
In millions of yen
In thousands of
U.S. dollars
2010 2009 2010
Due within 1 year
¥ 8,502 ¥ 6,559 $ 91,390
Due after 1 year
3,909 10,977 42,016
Total
¥12,412 ¥17,537 $133,407
48
MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010