Mitsubishi 2013 Annual Report Download - page 43

MITSUBISHI MOTORS CORPORATION
Annual Report 2013 41
(In millions of yen)
For the year ended March 31, 2012
Location Application Assets Impairment loss amount
Gifu, Gifu
and others
(28 sites)
Assets used
in sales
operations
Buildings, land
and others ¥678
Kawasaki,
Kanagawa
and others
(18 sites) Idle assets
Machinery and
equipment,
vehicles and
others 1,587
The
Netherlands
and others
(6sites)
Production
facilities
Buildings,
tools, furniture
and fixture
and others 14,070
¥16,336
The groupings of assets are determined as follows:
Assets used in production are grouped either by manufacturing
plants or by operational sites. Assets used in sales operations are
generally grouped by operational sites. Assets leased to others and
idle assets have their own asset groups.
As a result of the worsening market environment and other
factors, the book value of some of the assets has been reduced to
recoverable value.
The recoverable values of assets have been obtained by compar-
ing and then taking the higher of: value in use, which is determined
by estimating future cash flows with a 4% discount rate for the
years ended March 31, 2013 and 2012, respectively; and net
realizable value, which is based on an appraisal value obtained from
a professional real estate appraiser or calculated on a reasonable
basis by using the estate tax valuations through land assessments
and similar methods.
Loss on impairment of fixed assets amounted to ¥793 million
($8,433 thousand) and consisted of ¥82 million ($875 thousand)
from buildings and structures, ¥155 million ($1,658 thousand)
from tools, furniture and fixtures, ¥525 million ($5,588 thousand)
from land and ¥29 million ($311 thousand) from other assets for
the year ended March 31, 2013. Loss on impairment of fixed assets
amounted to ¥16,336 million and consisted of ¥8,052 million from
buildings and structures, ¥3,375 million from tools, furniture and
fixtures, ¥1,250 million from land and ¥3,657 million from other
assets for the year ended March 31, 2012.
5. Investments
Other securities at March 31, 2013 and 2012 were as follows:
(In millions of yen)
March 31, 2013
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value ¥17,862 ¥9,154 ¥8,709 ¥(2)
Total ¥17,862 ¥9,154 ¥8,709 ¥(2)
(In thousands of U.S. dollars)
March 31, 2013
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value $189,926 $97,340 $92,609 $(23)
Total $189,926 $97,340 $92,609 $(23)
(In millions of yen)
March 31, 2012
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value ¥28,744 ¥10,164 ¥18,592 ¥(11)
Total ¥28,744 ¥10,164 ¥18,592 ¥(11)
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, 2013 and 2012 were as follows:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2013 2012 2013
Proceeds ¥12,563 ¥20 $133,581
Gross gains 11,533 20 122,636
Gross losses ———
No notes are provided for losses recognized on the impairment
of other securities with market value, as the amount is considered
immaterial.