Mitsubishi 2010 Annual Report Download - page 61

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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, 2010
Party type: Major shareholder
Party name: Mitsubishi Corporation
Address: Chiyoda-Ku, Tokyo, Japan
Capital: ¥203,228 million
Business: Wholesale trading
% of voting stock held: Direct 13.99 Indirect 0.00
Relationship with the Related Party: Sales of products; import of materials for
production; mutual directorships
Detail of transaction: Sales
Transaction amount: ¥233,848 million
($2,513,420 thousand)
Account title: Accounts receivable
Balance at year end: ¥15,910 million
($171,007 thousand)
(b) Transaction with the unconsolidated subsidiaries and affiliates of the reporting company (MMC)
March 31, 2010
Party type: Affiliate
Party name: JATCO Ltd.
Address: Fuji, Shizuoka, Japan
Capital: ¥29,935 million
Business: Development, manufacture and sale of
transmissions and automobile components
% of voting stock held: Direct 15.04
Relationship with the Related Party: Purchase of automobile components;
mutual directorships
Detail of transaction: Purchases
Transaction amount: ¥63,908 million
($686,893 thousand)
Account title: Accounts payable
Balance at year end: ¥15,002 million
($161,249 thousand)
Note 1. Consumption tax is excluded from transaction amount and included in the balance at year end.
2. Contract terms and the policy to determine the contract terms:
Sales price of products is determined based on market price and overall cost.
3. Purchase price of automobile components is determined based on estimated cost, current component price, and market prices of each component.
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MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010