Thousands of Millions of yen U.S. dollars 2004 2003 2004 As of Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2005 Buildings and structures ................................................................................................................................................................... ¥ 20,530 ¥ 29,028 $ 191,869 Machinery and equipment ............................................................................................................................................................... 295,345 317,040 2,760,234 ............................................................................................................................................................................................................................... 315,875 346,068 2,952,103 Accumulated amortization ............................................................................................................................................................... (141,309) (190,679) (1,320,645) ............................................................................................................................................................................................................................... ¥174,566 ¥155,389 $1,631,458 The following table set forth the acquisition costs and related accumulated amortization of assets recorded under finance leases included in the balances above: Thousands of Millions of yen U.S. dollars 2004 2003 2002 2004 For the years ended Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2003 Mar. 31, 2005 ........................................................................................................................................................................................... ¥514,261 ¥449,254 ¥355,372 $4,806,178 Depreciation of property, plant and equipment for each of the three years in the period ended March 31, 2005 was as follows: 7. NOTES AND ACCOUNTS PAYABLE Notes and accounts payable at March 31, 2005 and 2004 consisted of the following: 8. SHORT-TERM BORROWINGS AND LONG-TERM DEBT At March 31, 2005 and 2004, short-term borrowings and the current portion of long-term debt consisted of the following: Thousands of Millions of yen U.S. dollars 2004 2003 2004 As of Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2005 Notes and accounts payable ............................................................................................................................................... ¥ 939,786 ¥ 768,201 $ 8,783,047 Accrued expenses and other .............................................................................................................................................. 444,377 358,076 4,153,056 ¥1,384,163 ¥1,126,277 $12,936,103 Thousands of Millions of yen U.S. dollars 2004 2003 2004 As of Mar. 31, 2005 Mar. 31, 2004 Mar. 31, 2005 Loans, principally from banks ............................................................................................................................................. ¥ 597,737 ¥ 311,928 $ 5,586,327 Commercial paper ........................................................................................................................................................................ 491,336 38,000 4,591,925 Current portion of long-term debt ................................................................................................................................... 836,545 1,010,870 7,818,178 Current portion of lease obligation ................................................................................................................................ 58,332 50,464 545,159 ¥1,983,950 ¥1,411,262 $18,541,589 FINANCIAL SECTION Nissan Annual Report 2004 80