Mitsubishi 2015 Annual Report Download - page 57

10. Selling, General and Administrative Expenses
Selling, general and administrative expenses for the years ended
March 31, 2015 and 2014 consisted of the following:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2015 2014 2015
Advertising and promotion
expenses ¥101,206 ¥106,143 $ 842,194
Freightage expense 59,517 56,595 495,279
Allowance for doubtful
accounts (367) (1,144) (3,055)
Directors’ compensations,
salaries and allowances 67,539 64,515 562,034
Retirement benefit expenses 3,926 5,155 32,675
Depreciation 9,131 9,129 75,985
Research and development
expenses 45,057 36,714 374,946
Other 51,712 49,687 430,330
Total ¥337,724 ¥326,797 $2,810,391
11. Other Gain (Loss), Net
Other gain (loss), net for the years ended March 31, 2015 and 2014
consisted of the following:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2015 2014 2015
Equity in earnings of affiliates ¥ 10,613 ¥ 7,373 $ 88,319
Foreign exchange gains
(losses) 4,119 16,674 34,277
Share issuance cost —(12,639) —
Litigation expenses (1,356) (1,031) (11,286)
Gain (loss) on sales and
retirement of property,
plant and equipment, net (2,623) (4,038) (21,832)
Gain on sales of investment
securities 12 205 107
Gain on sales of subsidiaries
and affiliates’ stocks 717 802 5,972
Loss on sales of subsidiaries
and affiliates’ stocks (517) (185) (4,306)
Impairment loss (20,145) (6,902) (167,639)
Gain on revision of
retirement benefit plan 2,448 —20,377
Other (2,620) (3,508) (21,808)
Total ¥ (9,351) ¥ (3,251) $ (77,817)
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, 2015 and 2014 consisted of the following:
(In millions of yen)
(In thousands
of U.S. dollars)
For the years ended March 31,
2015 2014 2015
Valuation difference on
available-for-sale securities:
Amount arising in the year ¥ 2,616 ¥ 890 $ 21,775
Reclassification adjustments
for gains and losses
included in net income
(loss) (12) (6) (101)
Before tax effect 2,604 884 21,673
Tax effect (557) (325) (4,638)
Valuation difference on
available-for- sale securities 2,047 558 17,034
Deferred gains or losses
on hedges:
Amount arising in the year 2,062 (102) 17,165
Reclassification adjustments
for gains and losses
included in net income
(loss) (1,487) (4,181) (12,376)
Before tax effect 575 (4,283) 4,788
Tax effect (191) 845 (1,595)
Deferred gains or losses
on hedges 383 (3,438) 3,193
Foreign currency translation
adjustment:
Amount arising in the year 30,750 7,441 255,894
Reclassification adjustments
for gains and losses
included in net income
(loss) —179 —
Foreign currency translation
adjustment 30,750 7,621 255,894
Remeasurements of defined
benefit plans:
Amount arising in the year (5,938) —(49,415)
Reclassification adjustments
for gains and losses
included in net income
(loss) (2,177) —(18,120)
Before tax effect (8,115) —(67,536)
Tax effect 173 —1,441
Remeasurements of defined
benefit plans (7,942) —(66,094)
Share of other
comprehensive income of
associates accounted
for using equity method:
Amount arising in the year 6,816 10,010 56,722
Reclassification adjustments
for gains and losses
included in net income
(loss) (4,043) (74) (33,648)
Share of other
comprehensive income
of associates accounted
for using equity method 2,772 9,936 23,073
Total other comprehensive
income ¥28,011 ¥14,677 $233,101
MITSUBISHI MOTORS CORPORATION
Annual Report 2015 55