Mitsubishi 2012 Annual Report Download - page 49

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(c) Supplementary information about the fair value of financial
instruments
The notional amount with respect to the derivative transactions
presented in “Fair value of financial instruments” does not
represent the amount of market risk associated with the relevant
derivative transactions.
Fair value of financial instruments
The carrying amount, fair value, and the difference between the car-
rying amount and the fair value of the financial instruments at March
31, 2012 and 2011 were as follows. These financial instruments do
not include any financial instrument for which it is extremely difficult
to reasonably measure fair value. (Refer to Note 15.2)
(In millions of yen)
March 31, 2012
Carrying
amount Fair value Difference
Cash and bank deposits ¥311,631 ¥311,631 ¥ —
Notes and accounts
receivable–trade 146,182 146,182 —
Finance receivables 80,638
Allowance for doubtful
accounts (*1) (4,879)
75,758 72,270 (3,487)
Investment (*2) 28,744 28,744 —
Total assets ¥562,317 ¥558,829 ¥(3,487)
Notes and accounts
payable–trade ¥317,355 ¥317,355 ¥ —
Short-term loans payable 87,308 87,308 —
Long-term loans payable 260,771 263,138 2,366
Accounts payable – other and
accrued expenses (*3) 99,220 99,220 —
Total liabilities ¥764,656 ¥767,023 ¥2,366
Derivative transactions (*4) 9,237 9,237 —
(In thousands of U.S. dollars)
March 31, 2012
Carrying
amount Fair value Difference
Cash and bank deposits
$3,791,597 $3,791,597 $ —
Notes and accounts
receivable–trade
1,778,595 1,778,595 —
Finance receivables
981,118
Allowance for doubtful
accounts (*1)
(59,369)
921,749 879,312 (42,436)
Investment (*2)
349,736 349,736 —
Total assets
$6,841,679 $6,799,242 $(42,436)
Notes and accounts
payable–trade
$3,861,245 $3,861,245 $ —
Short-term loans payable
1,062,281 1,062,281 —
Long-term loans payable
3,172,787 3,201,585 28,797
Accounts payable – other and
accrued expenses (*3)
1,207,207 1,207,207 —
Total liabilities
$9,303,522 $9,332,320 $28,797
Derivative transactions (*4)
112,394 112,394 —
(*1) Allowances for doubtful accounts recognized for individual financial
receivable are deducted from the carrying amounts directly.
(*2) Investments presented in the balance sheets consist of: investment
securities of ¥72,477 million ($881,824 thousand), which include securi-
ties with market value of ¥28,744 million ($349,736 thousand) and
non-listed stocks and stocks of unconsolidated subsidiaries and affiliates
of ¥43,732 million ($532,087 thousand) (refer to Note 15.2); and other
investments in unconsolidated subsidiaries and affiliates of ¥12,811
million ($155,881 thousand) at March 31, 2012.
(*3) Accounts payable – other and accrued expenses presented in the
balance sheets consist of accrued expenses and accounts payable of
¥99,220 million ($1,207,207 thousand) and allowance for product
warranties of ¥24,753 million ($301,179 thousand) at March 31, 2012.
(*4) The amount of the receivable/payable derived from derivative transac-
tions is presented on a net basis.
MITSUBISHI MOTORS CORPORATION
Annual Report 2012 47