Mitsubishi 2014 Annual Report Download - page 47

(In millions of yen)
For the year ended March 31, 2013
Location Application Assets Impairment loss amount
Matsuyama,
Ehime and
others (32
sites)
Assets used
in sales
operations
Buildings,
structures,
land and
others ¥606
Kawasaki,
Kanagawa
and others
(7sites) Idle assets
Buildings,
tools, furniture
and fixture
and others 180
Kawasaki,
Kanagawa
and others
(3sites)
Production
facilities
Buildings,
tools, furniture
and fixture
and others 6
¥793
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 6% discount rate for the year
ended March 31, 2014 and a 4% discount rate for the year ended
March 31, 2013, 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 ¥6,902 million
($67,069 thousand) and consisted of ¥1,596 million ($15,509
thousand) from buildings and structures, ¥159 million ($1,550
thousand) from tools, furniture and fixtures, ¥4,215 million
($40,954 thousand) from machinery and equipment, ¥867 million
($8,427 thousand) from land, and ¥64 million ($627 thousand)
from other assets for the year ended March 31, 2014. Loss on
impairment of fixed assets amounted to ¥793 million and consisted
of ¥82 million from buildings and structures, ¥155 million from
tools, furniture and fixtures, ¥525 million from land and ¥29 million
from other assets for the year ended March 31, 2013.
5. Investments
Other securities at March 31, 2014 and 2013 were as follows:
(In millions of yen)
March 31, 2014
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value ¥18,572 ¥9,150 ¥9,422 ¥(0)
Total ¥18,572 ¥9,150 ¥9,422 ¥(0)
(In thousands of U.S. dollars)
March 31, 2014
Carrying
amount
Acquisition
cost
Unrealized
gains
Unrealized
(losses)
Other securities:
Securities with
market value $180,450 $88,905 $91,552 $(6)
Total $180,450 $88,905 $91,552 $(6)
(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)
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, 2014 and 2013 were as follows:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2014 2013 2014
Proceeds ¥225 ¥12,563 $2,194
Gross gains 205 11,533 1,994
Gross losses ———
No notes are provided for losses recognized on the impair-
ment of other securities with market value, as the amount is
considered immaterial.
MITSUBISHI MOTORS CORPORATION
Annual Report 2014 45