FINANCIAL SECTION
Nissan Annual Report 200486
The following is a summary of the transferred assets and liabilities, the relevant selling prices and the net cash inflows from  sales of stock of
Rhythm Corporation and two other companies in the year ended March 31, 2003.
Millions of yen
2002
For the year ended Mar. 31, 2003
Current assets............................................................................................................................................................................................................................................................................. ¥22,561
Fixed assets.................................................................................................................................................................................................................................................................................. 7,493
Loss on sales of investment securities.................................................................................................................................................................................................................. (1,765)
Current liabilities....................................................................................................................................................................................................................................................................... (11,991)
Long-term liabilities................................................................................................................................................................................................................................................................ (5,366)
Minority interests in consolidated subsidiaries................................................................................................................................................................................................ (1,962)
Proceeds from sales of stock........................................................................................................................................................................................................................................ 8,970
Cash and cash equivalents held by subsidiaries............................................................................................................................................................................................ (575)
Net proceeds............................................................................................................................................................................................................................................................................... ¥  8,395
In addition to the above, at March 31, 2005, the Company was committed to provide guarantees of indebtedness of unconsolidated subsidiaries
and affiliates in the aggregate amount of ¥2,712 million ($25,346 thousand) at the request of the lending banks. The outstandin g balance of
installment receivables sold with recourse amounted to ¥20,687 million ($193,336 thousand) at March 31, 2005.
Certain consolidated subsidiaries have entered into overdraft and loan commitment agreements amounting to ¥107,247 million ($1, 002,308
thousand) with their customers and others. The loans receivable outstanding and the unused balances under these credit faciliti es as of March
31, 2005 amounted to ¥12,094 million ($113,028 thousand) and ¥95,153 million ($889,280 thousand), respectively. Since many of t hese
facilities expire without being utilized and the related borrowings are sometimes subject to a review of the borrowers’ credibi lity, any unused
amount will not necessarily be utilized at the full amount.
17. COMMITMENTS AND CONTINGENCIES
At March 31, 2005, the Company and its consolidated subsidiaries had the following contingent liabilities:
Thousands of
Millions of yen U.S. dollars