Toyota 2009 Annual Report Download - page 83

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The Right Way Forward Business OverviewPerformance Overview Financial Section
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Management &
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Top Messages
Annual Report 2009 81
The aggregate amounts of annual maturities of long-term debt during the next five years are as follows:
U.S. dollars
Years ending March 31, Yen in millions in millions
2010................................................................................................................................................................................... ¥2,699,512 $27,482
2011................................................................................................................................................................................... 1,640,353 16,699
2012................................................................................................................................................................................... 1,974,269 20,098
2013................................................................................................................................................................................... 637,445 6,489
2014................................................................................................................................................................................... 626,983 6,383
Standard agreements with certain banks in Japan include pro-
visions that collateral (including sums on deposit with such
banks) or guarantees will be furnished upon the banks’ request
and that any collateral furnished, pursuant to such agreements
or otherwise, will be applicable to all present or future indebt-
edness to such banks. During the year ended March 31, 2009,
Toyota has not received any significant such requests from these
banks.
As of March 31, 2009, Toyota has unused long-term lines of
credit amounting to ¥4,152,621 million ($42,274 million).
The other amount primarily includes the impact of currency
translation adjustments and the impact of consolidation and
deconsolidation of certain entities due to changes in ownership
interest.
In addition to product warranties above, Toyota initiates recall
actions or voluntary service campaigns to repair or to replace
parts which might be expected to fail from products safety per-
spectives or customer satisfaction standpoints. Toyota accrues
costs of these activities, which are not included in the reconcilia-
tion above, based on management’s estimates.
Toyota provides product warranties for certain defects mainly
resulting from manufacturing based on warranty contracts with its
customers at the time of sale of products. Toyota accrues estimat-
ed warranty costs to be incurred in the future in accordance with
the warranty contracts. The net change in the accrual for the
product warranties for the years ended March 31, 2007, 2008 and
2009, which is included in “Accrued expenses” in the accompany-
ing consolidated balance sheets, consist of the following:
U.S. dollars
Yen in millions in millions
For the year ended
For the years ended March 31, March 31,
2007 2008 2009 2009
Liabilities for product warranties at beginning of year .................................... ¥ 377,879 ¥ 412,452 ¥ 446,384 $ 4,544
Payments made during year .............................................................................. (279,597) (324,110) (337,863) (3,439)
Provision for warranties ...................................................................................... 336,543 392,349 366,604 3,732
Changes relating to pre-existing warranties .................................................... (29,458) (14,155) (17,869) (182)
Other.................................................................................................................... 7,085 (20,152) (27,999) (285)
Liabilities for product warranties at end of year............................................... ¥ 412,452 ¥ 446,384 ¥ 429,257 $ 4,370
The components of income (loss) before income taxes comprise the following:
U.S. dollars
Yen in millions in millions
For the year ended
For the years ended March 31, March 31,
2007 2008 2009 2009
Income (loss) before income taxes:
Parent company and domestic subsidiaries ................................................. ¥1,412,674 ¥1,522,619 ¥(224,965) $(2,290)
Foreign subsidiaries ........................................................................................ 969,842 914,603 (335,416) (3,415)
¥2,382,516 ¥2,437,222 ¥(560,381) $(5,705)
Other payables are mainly related to purchases of property, plant and equipment and non-manufacturing purchases.
Product warranties:
14
Income taxes:
16
Other payables:
15