Mitsubishi 2015 Annual Report Download - page 60

(In thousands of U.S. dollars)
March 31, 2015
Carrying
amount Fair value Difference
Cash and bank deposits
$3,663,751 $3,663,751 $ —
Notes and accounts
receivable–trade
1,536,599 1,536,599 —
Finance receivables 650,321
Allowance for doubtful
accounts (*1)
(20,090)
630,230 635,351 5,120
Investment (*2) 176,013 176,013 —
Total assets $6,006,594 $6,011,715 $5,120
Notes and accounts
payable–trade
$2,944,679 $2,944,679 $ —
Electronically recorded
obligations
174,904 174,904 —
Short-term loans payable 756,493 756,493 —
Long-term loans payable 445,681 445,535 (146)
Accounts payable – other and
accrued expenses (*3)
1,016,297 1,016,297 —
Total liabilities $5,338,057 $5,337,910 $ (146)
Derivative transactions (*4) 421 421 —
(*1) Allowance for doubtful accounts recognized for individual financial
receivable is deducted from the carrying amounts directly.
(*2) Investments presented in the consolidated balance sheets consist of:
investment securities of ¥74,298 million ($618,275 thousand), which
include securities with market value of ¥21,151 million ($176,013
thousand) and non-listed stocks and stocks of unconsolidated subsidiar-
ies and affiliates of ¥53,146 million ($442,262 thousand) (refer to Note
15.2); and other investments in unconsolidated subsidiaries and affiliates
of ¥48,572 million ($404,199 thousand) at March 31, 2015.
(*3) Accounts payable – other and accrued expenses presented in the
balance sheets consist of accrued expenses and accounts payable of
¥122,128 million ($1,016,297 thousand) and allowance for product
warranties of ¥34,108 million ($283,831 thousand) at March 31, 2015.
(*4) The amount of the receivable/payable derived from derivative transac-
tions is presented on a net basis.
(In millions of yen)
March 31, 2014
Carrying
amount Fair value Difference
Cash and bank deposits ¥450,063 ¥450,063 ¥ —
Notes and accounts
receivable–trade 173,535 173,535 —
Finance receivables 69,579
Allowance for doubtful
accounts (*1) (2,673)
66,905 66,022 (883)
Investment (*2) 18,572 18,572 —
Total assets ¥709,077 ¥708,194 ¥(883)
Notes and accounts
payable–trade ¥346,579 ¥346,579 ¥ —
Electronically recorded
obligations 9,145 9,145 —
Short-term loans payable 121,074 121,074 —
Long-term loans payable 101,283 101,696 412
Accounts payable – other and
accrued expenses (*3) 113,893 113,893 —
Total liabilities ¥691,976 ¥692,389 ¥ 412
Derivative transactions (*4) (468) (468) —
(*1) Allowance for doubtful accounts recognized for individual financial
receivable is deducted from the carrying amounts directly.
(*2) Investments presented in the consolidated balance sheets consist of:
investment securities of ¥71,759 million, which include securities with
market value of ¥18,572 million and non-listed stocks and stocks of
unconsolidated subsidiaries and affiliates of ¥53,187 million (refer to
Note 15.2); and other investments in unconsolidated subsidiaries and
affiliates of ¥41,038 million at March 31, 2014.
(*3) Accounts payable – other and accrued expenses presented in the
balance sheets consist of accrued expenses and accounts payable of
¥113,893 million and allowance for product warranties of ¥31,993
million at March 31, 2014.
(*4) The amount of the receivable/payable derived from derivative transac-
tions is presented on a net basis.
(Note)
1. Method for measuring the fair value of financial instruments,
other securities and derivative transactions
Assets
Cash and bank deposits
The carrying amounts are used as fair values as these items are
settled within a short period of time and the fair values are nearly
equal to the carrying amounts.
Notes and accounts receivable – trade
The carrying amounts are used as fair values as these items are
generated in the normal course of business operations and prin-
cipally settled within a short period of time and the fair values are
nearly equal to the carrying amounts.
MITSUBISHI MOTORS CORPORATION
Annual Report 2015
58