Mitsubishi 2013 Annual Report Download - page 57

MITSUBISHI MOTORS CORPORATION
Annual Report 2013 55
Information on the amortization and balance of goodwill by report-
able segments
No significant items to be reported for the years ended March
31, 2013 and 2012.
Information on gains due to negative goodwill by reportable segments
Not applicable for the years ended March 31, 2013 and 2012.
22. Related Party Transactions
MMC entered into the following transactions with related parties
during the years ended March 31, 2013 and 2012:
Related Party Transactions
Transactions between MMC and the Related Parties
(a) Transaction with the parent or major shareholder (major corpo-
rate shareholder) of the reporting company (MMC)
March 31, 2013
Party type: Major shareholder
Party name: Mitsubishi Corporation
Address: Chiyoda-Ku, Tokyo, Japan
Capital: ¥204,447 million
($2,173,811 thousand)
Business: Wholesale trading
% of voting stock held: Direct 14.00 Indirect 0.00
Relationship with the Related
Party:
Sales of products; import of
materials for production;
mutual directorships
Detail of transaction: Sales of products
Transaction amount: ¥272,074 million
($2,892,872 thousand)
Account title: Accounts receivable
Balance at year end: ¥26,800 million
($284,955 thousand)
March 31, 2012
Party type: Major shareholder
Party name: Mitsubishi Corporation
Address: Chiyoda-Ku, Tokyo, Japan
Capital: ¥204,447 million
Business: Wholesale trading
% of voting stock held: Direct 13.99 Indirect 0.00
Relationship with the Related
Party:
Sales of products; import of
materials for production;
mutual directorships
Detail of transaction: Sales of products
Transaction amount: ¥296,523 million
Account title: Accounts receivable
Balance at year end: ¥19,626 million
(b) Transactions with unconsolidated subsidiaries and affiliates of
the reporting company (MMC)
March 31, 2012
Party type: Affiliate
Party name: JATCO Ltd.
Address: Fuji, Shizuoka, Japan
Capital: ¥29,935 million
Business: Development, manufacture and
sale of transmissions and
automobile components
% of voting stock held: Direct 15.04
Relationship with the Related
Party:
Purchase of automobile
components; mutual directorships
Detail of transaction: Purchase of automobile
components
Transaction amount: ¥73,553 million
Account title: Accounts payable
Balance at year end: ¥15,696 million
(Note)
1. Consumption tax is excluded from the transaction amount and included in
the balance at year end.
2. Contract terms and the policy to determine the contract terms: Sales
price of products is determined based on market price and overall cost.
Purchase price of automobile components is determined based on
estimated cost, current component price, and market prices of each
component.
Major affiliates
Summarized financial information of the major affiliates
MMC Diamond Finance Corp. is the major affiliate of reporting com-
pany (MMC) for the year ended March 31, 2013, and the summa-
rized financial information for the same fiscal year is shown below:
Total current assets ¥293,852 million ($3,124,423 thousand)
Total non-current assets ¥16,826 million ($178,904 thousand)
Total current liabilities ¥212,023 million ($2,254,368 thousand)
Total non-current liabilities ¥84,117 million ($894,393 thousand)
Total net assets ¥14,536 million ($154,565 thousand)
Net sales ¥25,669 million ($272,936 thousand)
Income before income taxes ¥2,978 million ($31,667 thousand)
Net income ¥1,754 million ($18,654 thousand)