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3. Maturity profile of the monetary receivables subsequent to March 31, 2010
In millions of yen In thousands of U.S. dollars
March 31, 2010
Bank
deposits
Notes and
accounts
receivable—trade
Finance
receivables
Bank
deposits
Notes and
accounts
receivable— trade
Finance
receivables
2011
¥263,918 ¥116,524 ¥22,139 $2,836,615 $1,252,413 $237,961
2012
– 1,011 294 – 10,867 3,163
2013
– 993 2,826 – 10,674 30,380
2014
– 988 10,503 – 10,621 112,891
2015
– 378 18,017 – 4,067 193,658
Thereafter
– 1,490 13,553 – 16,017 145,677
Total
¥263,918 ¥121,385 ¥67,336 $2,836,615 $1,304,661 $723,731
4. Maturity profile of the long-term loans payable subsequent to March 31, 2010
Refer to Note 8 “Short-term Loans payable, Long-term Debt and Lease Obligations.”
(Additional information)
Effective from the year ended March 31, 2010, MMC has adopted the “Accounting Standard for Financial Instruments” (ASBJ State-
ment No. 10, issued on March 10, 2008) and the “Guidance on Disclosures about Fair Value of Financial Instruments” (ASBJ Guidance
No. 19, issued on March 10, 2008).
16. Derivative Financial Instruments
For the year ended March 31, 2009
(a) Nature of and policy for derivative transactions
MMC and its consolidated subsidiaries utilize derivative financial instruments, including forward foreign exchange contracts, cross
currency swaps and interest rate swaps to manage their exposure to fluctuations in foreign currencies and interest rates. MMC and its
consolidated subsidiaries do not utilize derivatives for speculation or trading purposes.
(b) Risk
MMC and its consolidated subsidiaries are exposed to the risk of credit loss in the event of nonperformance by the counterparties to
the derivatives, but any such loss would not be expected to be material because MMC and its consolidated subsidiaries enter into
derivative transactions only with financial institutions with high credit ratings. The notional amounts of the derivative financial instru-
ments do not necessarily represent the amounts exchanged by the parties and, therefore, are not a direct measure of MMC’s risk expo-
sure in connection with derivatives.
All the transactions related to derivative financial instruments are for the purpose of hedging. MMC and its consolidated subsidiar-
ies do not enter into derivative contracts for which significant volatility would have any significant influence on its operations.
(c) Control
MMC does not enter into derivative contracts for trading purposes or on the anticipation of gains from short-term market movements.
Derivative transactions are appropriately pre-approved by managing directors in charge of finance group headquarters. MMC
approves derivative transactions of consolidated subsidiaries as appropriate, and in accordance with policies established for each
subsidiary, which require the appropriate approval of managing directors in charge of finance group headquarters.
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MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010