Mitsubishi 2010 Annual Report Download - page 62

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Significant affiliates
Summary of financial information of the significant affiliates
JATCO Ltd. is considered as the significant affiliate for the year ended March 31, 2010, and a summary of its financial information for
the same fiscal year is shown as below:
Total current assets ¥133,950 million ($1,439,707 thousand)
Total non-current assets ¥232,645 million ($2,500,491 thousand)
Total current liabilities ¥173,943 million ($1,869,551 thousand)
Total non-current liabilities ¥70,708 million ($759,974 thousand)
Total net assets ¥121,944 million ($1,310,671 thousand)
Sales ¥432,596 million ($4,649,576 thousand)
Income before taxes ¥19,313 million ($207,583 thousand)
Net income ¥12,840 million ($138,014 thousand)
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, 2009
Party type: Major shareholder
Party name: Mitsubishi Corporation
Address: Chiyoda-Ku, Tokyo, Japan
Capital: ¥202,816 million
Business: Wholesale trading
% of voting stock held: Direct 14.0 Indirect 0.0
Relationship with the Related Party: Sales of products; import of materials for
production; mutual directorships
Detail of transaction: Sales
Transaction amount: ¥251,381 million
Account title: Accounts receivable
Balance at year end: ¥7,476 million
(b) Transaction with the company who has the same parent as the reporting company (MMC) and/or the subsidiary of other affili-
ate of the reporting company
March 31, 2009
Party type: Majority-owned company by a major
shareholder of MMC
Party name: MC Automobile (Europe) N.V.
Address: Amsterdam, The Netherlands
Capital: C= 107,572 thousand
Business: Controlling company of automobile
business operations in Europe
% of voting stock held: N/A
Relationship with the Related Party: Consignment sales of products
Detail of transaction: Sales
Transaction amount: ¥230,327 million
Account title: Accounts receivable
Balance at year end: ¥880 million
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.
60
MITSUBISHI MOTORS CORPORATION Annual Report 2010MITSUBISHI MOTORS CORPORATION Annual Report 2010