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MITSUBISHI MOTORS CORPORATION
Annual Report 2013
42
6. Accounts Payable – Other and Accrued Expenses
Accounts payable – other and accrued expenses at March 31, 2013
and 2012 were as follows:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Accrued expenses and
accounts payable ¥106,168 ¥ 99,220 $1,128,850
Allowance for product
warranties 28,273 24,753 300,621
¥134,441 ¥123,974 $1,429,471
7. Short-Term Loans Payable, Long-Term Debt and
Lease Obligations
Short-term loans payable at March 31, 2013 and 2012 consisted of
the following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Loans, principally from banks ¥113,984 ¥87,308 $1,211,961
The weighted average interest rates of short-term loans payable
at March 31, 2013 and 2012 were 2.1% and 2.7%, respectively.
Long-term debt at March 31, 2013 and 2012 consisted of the
following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Loans, principally from banks
and insurance companies,
due through 2023 at
weighted average interest
rates averaging 3.2% in
2013 and 3.4% in 2012:
Secured ¥ 62,983 ¥ 99,358 $ 669,678
Unsecured 187,414 161,413 1,992,712
250,397 260,771 2,662,390
Less current portion (143,271) (99,381) (1,523,358)
¥107,125 ¥161,390 $ 1,139,031
The maturities of long-term debt are as follows:
Years ending March 31,
(In millions
of yen)
(In thousands
of U.S. dollars)
2014 ¥143,271 $1,523,358
2015 35,871 381,407
2016 29,499 313,657
2017 21,707 230,806
2018 19,663 209,079
Thereafter 383 4,079
Total ¥250,397 $2,662,390
Lease obligations at March 31, 2013 and 2012 consisted of the
following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Current ¥4,703 ¥4,220 $50,009
Non-current 6,793 6,977 72,232
The weighted average interest rates of lease obligations due
through 2027 at March 31, 2013 and 2012 were 4.5%.
The maturities of lease obligations are as follows:
Years ending March 31,
(In millions
of yen)
(In thousands
of U.S. dollars)
2014 ¥ 4,703 $ 50,009
2015 3,082 32,779
2016 2,717 28,890
2017 758 8,060
2018 115 1,232
Thereafter 119 1,270
Total ¥11,496 $122,242
Assets pledged as collateral for short-term loans payable, long-
term debt and guarantees (excluding factory related groups of
assets) at March 31, 2013 and 2012 consisted of the following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Finance receivables and
Long-term finance receivables ¥ 67,676 ¥ 73,785 $ 719,580
Inventories 9,676 7,687 102,889
Property, plant and
equipment, net 45,247 38,936 481,100
Other (see (i) below) 7,499 7,693 79,737
¥130,100 ¥128,103 $1,383,307
(i) ¥1,010 million ($10,742 thousand) and ¥1,024 million of other
current assets were pledged based on a liability in a term lease
contract relating to a building with Murata Medical Services, Ltd.
at March 31, 2013 and 2012, respectively. ¥46 million ($489
thousand) and ¥46 million of investments were pledged as col-
lateral for debt of Mizushima Eco-Works Co., Ltd. at 2013 and
2012, respectively.