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TOYOTA ANNUAL REPORT 2010 74
Vehicles and equipment on operating leases consist of the following:
Yen in millions
U.S. dollars
in millions
March 31, March 31,
2009 2010 2010
Vehicles ································································································································· ¥2,729,713 ¥2,516,948 $27,052
Equipment ·························································································································· 107,168 96,300 1,035
2,836,881 2,613,248 28,087
Less ‒ Accumulated depreciation ·········································································· (795,767) (791,169) (8,503)
Vehicles and equipment on operating leases, net ···································· ¥2,041,114 ¥1,822,079 $19,584
Rental income from vehicles and equipment on operating leases was ¥588,262 million, ¥560,251 million
and ¥496,729 million ($5,339 million) for the years ended March 31, 2008, 2009 and 2010, respectively.
Future minimum rentals from vehicles and equipment on operating leases are due in installments as
follows:
Years ending March 31, Yen in
millions
U.S. dollars
in millions
2011 ········································································································································································· ¥417,146 $4,483
2012 ········································································································································································· 256,211 2,754
2013 ········································································································································································· 117,943 1,268
2014 ········································································································································································· 29,851 321
2015 ········································································································································································· 8,476 91
Thereafter ····························································································································································· 6,114 66
Total minimum future rentals ··············································································································· ¥835,741 $8,983
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, 2008, 2009 and 2010 is as follows:
Yen in millions
U.S. dollars
in millions
For the years ended March 31,
For the year
ended
March 31,
2008 2009 2010 2010
Allowance for doubtful accounts at beginning
of year ···························································································· ¥58,066 ¥52,063 ¥48,006 $516
Provision for doubtful accounts, net of reversal ··········· 357 (1,663) 1,905 20
Write-off s ··························································································· (3,348) (1,695) (1,357) (14)
Other ···································································································· (3,012) (699) (1,848) (20)
Allowance for doubtful accounts at end of year ······ ¥52,063 ¥48,006 ¥46,706 $502
The other amount includes the impact of
consolidation and deconsolidation of certain
entities due to changes in ownership interest
and currency translation adjustments for the
years ended March 31, 2008, 2009 and 2010.
A portion of the allowance for doubtful
accounts balance at March 31, 2009 and 2010
totaling ¥32,972 million and ¥32,971 million
($354 million), respectively, is attributed to
certain non-current receivable balances which
are reported as other assets in the consolidated
balance sheets.
An analysis of the allowance for credit losses relating to fi nance receivables and vehicles and equipment
on operating leases for the years ended March 31, 2008, 2009 and 2010 is as follows:
Yen in millions U.S. dollars
in millions
For the years ended March 31,
For the year
ended
March 31,
2008 2009 2010 2010
Allowance for credit losses at beginning of year ······· ¥112,116 ¥ 117,706 ¥ 238,932 $ 2,568
Provision for credit losses ······················································· 122,433 259,096 98,870 1,063
Charge-off s, net of recoveries ·············································· (88,902) (116,793) (102,196) (1,098)
Other ·································································································· (27,941) (21,077) (3,127) (34)
Allowance for credit losses at end of year ················· ¥117,706 ¥ 238,932 ¥ 232,479 $ 2,499
The other amount primarily includes the impact of currency translation adjustments for the years
ended March 31, 2008, 2009 and 2010.
Financial Section
Financial Section
Investor Information
Corporate Information
Special Feature
Consolidated
Performance Highlights
Business Overview
Top Messages
Notes to Consolidated Financial Statements
Vehicles and equipment on operating leases:
10 Allowance for doubtful accounts and credit losses:
11