Toyota 2007 Annual Report Download - page 110

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108 ANNUAL REPORT 2007
Other receivables relate to arrangements with certain component manufacturers whereby Toyota procures inventory for these com-
ponent manufacturers and is reimbursed for the related purchases.
8. Other receivables:
Inventories consist of the following:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2006 2007 2007
Finished goods ...................................................................................................................... ¥1,097,203 ¥1,204,521 $10,203
Raw materials ......................................................................................................................... 221,285 291,006 2,465
Work in process ..................................................................................................................... 239,450 236,749 2,006
Supplies and other................................................................................................................. 63,037 71,680 607
¥1,620,975 ¥1,803,956 $15,281
9. Inventories:
Vehicles and equipment on operating leases consist of the following:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2006 2007 2007
Vehicles................................................................................................................................... ¥2,503,064 ¥3,202,674 $27,130
Equipment.............................................................................................................................. 102,362 106,663 903
2,605,426 3,309,337 28,033
Less—Accumulated depreciation ........................................................................................ (579,896) (763,485) (6,467)
Vehicles and equipment on operating leases, net ......................................................... ¥2,025,530 ¥2,545,852 $21,566
10. Vehicles and equipment on operating leases:
Rental income from vehicles and equipment on operating leases was ¥291,205 million, ¥395,870 million and ¥508,095 million
($4,304 million) for the years ended March 31, 2005, 2006 and 2007, respectively. Future minimum rentals from vehicles and equip-
ment on operating leases are due in installments as follows:
U.S. dollars
Year ending March 31, Yen in millions in millions
2008 ............................................................................................................................................................... ¥ 549,940 $ 4,659
2009 ............................................................................................................................................................... 401,385 3,400
2010 ............................................................................................................................................................... 210,476 1,783
2011 ............................................................................................................................................................... 74,709 633
2012 ............................................................................................................................................................... 19,454 165
Thereafter...................................................................................................................................................... 9,859 83
Total minimum future rentals .................................................................................................................. ¥1,265,823 $10,723
The future minimum rentals as shown above should not be considered indicative of future cash collections.
An analysis of activity within the allowance for doubtful accounts relating to trade accounts and notes receivable for the years ended
March 31, 2005, 2006 and 2007 is as follows:
U.S. dollars
Yen in millions in millions
For the year
ended
For the years ended March 31, March 31,
2005 2006 2007 2007
Allowance for doubtful accounts at beginning of year..................................... ¥ 61,121 ¥55,751 ¥62,088 $526
Provision for doubtful accounts, net of reversal................................................ 15,752 10,361 (841) (7)
Write-offs .............................................................................................................. (12,855)(1,819) (3,154) (27)
Other..................................................................................................................... (8,267) (2,205) (27) 0
Allowance for doubtful accounts at end of year ................................... ¥ 55,751 ¥62,088 ¥58,066 $492
11. Allowance for doubtful accounts and credit losses: