Mitsubishi 2012 Annual Report Download - page 44

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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 income for the years
ended March 31, 2012 and 2011 were as follows:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2012 2011 2012
Proceeds ¥20 ¥1 $247
Gross gains 20 —247
Gross losses —(2) —
No notes are provided for losses recognized on the impairment
of other securities with market value, as the amount is considered
immaterial.
6. Accounts Payable – Other and Accrued Expenses
Accounts payable – other and accrued expenses at March 31, 2012
and 2011 were as follows:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2012 2011 2012
Accrued expenses and
accounts payable ¥ 99,220 ¥ 97,159 $1,207,207
Allowance for product
warranties 24,753 28,211 301,179
¥123,974 ¥125,371 $1,508,386
7. Short-Term Loans Payable, Long-Term Debt and
Lease Obligations
Short-term loans payable at March 31, 2012 and 2011 consisted of
the following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2012 2011 2012
Loans, principally from banks ¥87,308 ¥125,499 $1,062,281
The weighted average interest rates on short-term loans payable
at March 31, 2012 and 2011 were 2.7% and 3.0%, respectively.
Long-term debt at March 31, 2012 and 2011 consisted of the
following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2012 2011 2012
Loans, principally from banks
and insurance companies,
due through 2023 at interest
rates averaging 3.4% in
2012 and 3.6% in 2011:
Secured ¥ 99,358 ¥ 72,295 $ 1,208,885
Unsecured 161,413 200,154 1,963,902
260,771 272,450 3,172,787
Less current portion (99,381) (94,454) (1,209,165)
¥161,390 ¥177,995 $ 1,963,622
The maturities of long-term debt are as follows:
Years ending March 31,
(In millions
of yen)
(In thousands
of U.S. dollars)
2013 ¥ 99,381 $1,209,165
2014 120,157 1,461,953
2015 23,972 291,669
2016 14,398 175,190
2017 2,654 32,294
Thereafter 206 2,513
Total ¥260,771 $3,172,787
Lease obligations at March 31, 2012 and 2011 consisted of the
following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2012 2011 2012
Current ¥4,220 ¥5,265 $51,351
Non-current 6,977 8,088 84,888
The weighted average interest rates on lease obligations due
through 2027 at March 31, 2012 and 2011 were 4.5% and 4.3 %,
respectively.
The maturities of lease obligations are as follows:
Years ending March 31,
(In millions
of yen)
(In thousands
of U.S. dollars)
2013 ¥ 4,220 $ 51,351
2014 3,352 40,794
2015 1,875 22,823
2016 1,295 15,768
2017 343 4,181
Thereafter 108 1,322
Total ¥11,197 $136,240
MITSUBISHI MOTORS CORPORATION
Annual Report 2012
42