Mitsubishi 2014 Annual Report Download - page 51

12. Comprehensive Income
Reclassification adjustments to the Consolidated Statements of
Income and tax effects related to other comprehensive income for the
years ended March 31, 2014 and 2013 consisted of the following:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2014 2013 2014
Valuation difference on
available-for-sale securities:
Amount arising in the year ¥ 890 ¥ 1,946 $ 8,649
Reclassification adjustments
for gains and losses
included in net income
(loss) (6) (11,386) (59)
Before tax effect 884 (9,440) 8,589
Tax effect (325) 3,353 (3,159)
Valuation difference on
available-for- sale securities 558 (6,087) 5,430
Deferred gains or losses
on hedges:
Amount arising in the year (102) 8,526 (994)
Reclassification adjustments
for gains and losses
included in net income
(loss) (4,181) (8,019) (40,629)
Before tax effect (4,283) 507 (41,624)
Tax effect 845 240 8,216
Deferred gains or losses
on hedges (3,438) 747 (33,408)
Foreign currency translation
adjustment:
Amount arising in the year 7,441 34,635 72,307
Reclassification adjustments
for gains and losses
included in net income
(loss) 179 8,181 1,740
Foreign currency translation
adjustment 7,621 42,817 74,048
Share of other
comprehensive income of
associates accounted
for using equity method:
Amount arising in the year 10,010 6,120 97,264
Reclassification adjustments
for gains and losses
included in net income
(loss) (74) 3,233 (721)
Share of other
comprehensive income
of associates accounted
for using equity method 9,936 9,354 96,543
Total other comprehensive
income ¥14,677 ¥ 46,832 $142,613
13. Cash Flow Information
Cash and cash equivalents at March 31, 2014 and 2013 consisted
of the following:
(In millions of yen)
(In thousands
of U.S. dollars)
March 31,
2014 2013 2014
Cash and bank deposits ¥450,063 ¥409,509 $4,372,947
Time deposits with maturities
of more than three months (38,368) (48,342) (372,800)
Cash and cash equivalents ¥411,695 ¥361,167 $4,000,146
Interest paid less interest received and dividends received
included in Other, net within operating activities in the consolidated
statements of cash flows for the years ended March 31, 2014 and
2013 amounted to a net expense of ¥57 million ($559 thousand)
and ¥3,607 million, respectively. Income taxes paid included in
Other, net within operating activities in the consolidated state-
ments of cash flows for the years ended March 31, 2014 and 2013
amounted to ¥23,404 million ($227,407 thousand) and ¥18,608
million, respectively.
Purchases of property, plant and equipment within investing
activities in the consolidated statements of cash flows for the years
ended March 31, 2014 and 2013 include payments for the acquisi-
tion of lease vehicles of ¥26,124 million ($253,828 thousand) and
¥13,801 million, respectively.
Proceeds from sales of property, plant and equipment within
investing activities in the consolidated statements of cash flows for
the years ended March 31, 2014 and 2013 include proceeds from
the sale of lease vehicles of ¥10,184 million ($98,953 thousand)
and ¥6,831 million, respectively.
Changes in finance receivables within operating activities in the
consolidated statements of cash flows for the years ended March
31, 2014 and 2013 are primarily the net of payments amounting
to ¥111,335 million ($1,081,767 thousand) and ¥102,348 million,
respectively, and proceeds from collections amounting to ¥123,585
million ($1,200,792 thousand) and ¥117,501 million, respectively.
For the year ended March 31, 2013, the carrying value at the
time of sale of the assets and liabilities of the former subsidiary,
Netherlands Car B.V., which was deconsolidated as a result of its
sale, was as follows:
Current assets ¥26,091 million
Non-current assets ¥68 million
Current liabilities ¥6,453 million
Non-current liabilities ¥2,169 million
MITSUBISHI MOTORS CORPORATION
Annual Report 2014 49