Mitsubishi 2013 Annual Report Download - page 45

MITSUBISHI MOTORS CORPORATION
Annual Report 2013 43
The following groups of assets of MMC, the Okazaki factory,
were pledged as collateral at March 31, 2013 and 2012, respectively.
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Buildings and structures ¥13,474 ¥13,971 $143,267
Machinery and equipment 17,155 19,255 182,407
Tools, furniture and fixtures 297 301 3,161
Land 985 985 10,481
¥31,912 ¥34,514 $339,318
The following groups of assets of MMC, the Mizushima factory,
were pledged as collateral at March 31, 2013 and 2012, respectively.
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Buildings and structures ¥ 6,470 ¥ 6,762 $ 68,796
Machinery and equipment 17,769 20,385 188,932
Tools, furniture and fixtures 773 963 8,224
Land 2,008 2,008 21,359
¥27,021 ¥30,120 $287,311
The following groups of assets of MMC, the Kyoto factory, were
pledged as collateral at March 31, 2013 and 2012, respectively.
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Buildings and structures ¥ 4,887 ¥ 5,070 $ 51,968
Machinery and equipment 13,232 14,985 140,695
Tools, furniture and fixtures 593 612 6,307
Land 2,235 2,235 23,765
¥20,948 ¥22,903 $222,736
The following groups of assets of MMC, the Shiga factory, were
pledged as collateral at March 31, 2013 and 2012, respectively.
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Buildings and structures ¥ 2,331 ¥ 2,370 $ 24,793
Machinery and equipment 7,294 8,683 77,564
Land 3,859 3,859 41,036
¥13,486 ¥14,914 $143,394
The following groups of assets of a consolidated subsidiary,
Pajero Manufacturing Corporation, were pledged as collateral at
March 31, 2013 and 2012, respectively.
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Buildings and structures ¥2,425 ¥2,377 $25,791
Machinery and equipment 2,605 2,407 27,705
Land 1,540 1,540 16,374
¥6,571 ¥6,324 $69,872
The following groups of assets of a consolidated subsidiary,
Suiryo Plastics Co., Ltd., were pledged as collateral at March 31,
2013 and 2012, respectively.
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2013 2012 2013
Buildings and structures ¥ 832 ¥ 889 $ 8,852
Machinery and equipment 780 882 8,297
Land 194 194 2,068
¥1,807 ¥1,966 $19,217
The obligations secured by such collateral 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
Short-term loans payable ¥ 64,657 ¥ 36,640 $ 687,481
Current portion of long-
term debt 45,901 51,567 488,051
Long-term debt 17,082 47,790 181,627
¥127,640 ¥135,998 $1,357,159
8. Net Assets
The Company Act provides that an amount equal to 10% of the
amount to be disbursed as a distribution of earnings should be ap-
propriated to the legal reserve until the sum of the legal reserve and
capital surplus equals at least 25% of common stock. MMC and its
domestic subsidiaries have provided these amounts in accordance
with the Company Act.
MMC is authorized to issue 3,312,000 shares of convertible
preferred stock and has 396,193 shares outstanding that are
classified as class A and 4 series classified as class G at March 31,
2013, and 437,593 shares outstanding that are 3 series classified as
class A and 4 series classified as class G at March 31, 2012. In the
year ended March 31, 2013, MMC issued common stock on the
conversion of certain of such preferred stock. Accordingly, part of