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Allowance for doubtful accounts and credit losses:
11
Affiliated companies and variable interest entities:
12
0822
Financial Section and
Investor Information
Business and
Performance Review
Special FeatureMessage/Vision
Management and
Corporate Information
Notes to Consolidated Financial Statements
An analysis of activity within the allowance for doubtful accounts relating to trade accounts and notes
receivable for the years ended March 31, 2009, 2010 and 2011 is as follows:
Summarized financial information for affiliated companies accounted for by the equity method is shown
below:
An analysis of the allowance for credit losses relating to finance receivables and vehicles and
equipment on operating leases for the years ended March 31, 2009, 2010 and 2011 is as follows:
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year ended
March 31,
2009 2010 2011 2011
Allowance for doubtful accounts at beginning of year
¥52,063 ¥48,006 ¥46,706 $562
Provision for doubtful accounts, net of reversal (1,663) 1,905 1,806 22
Write-offs (1,695) (1,357) (2,690) (33)
Other (699) (1,848) (1,775) (21)
Allowance for doubtful accounts at end of year
¥48,006 ¥46,706 ¥44,047 $530
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, 2009, 2010 and 2011.
The allowance for credit losses and the
impaired finance receivables of the wholesale
and other dealer loan receivables which are
¥10,885 million ($131 million) and ¥30,206 million
($363 million), respectively, are individually
evaluated and recorded, and others are collec-
tively evaluated.
The other amount primarily includes the impact of currency translation adjustments for the years
ended March 31, 2009, 2010 and 2011.
An analysis of the allowance for credit losses above relating to retail receivables portfolio segment,
finance lease receivables portfolio segment and wholesale and other dealer loan receivables portfolio
segment for the year ended March 31, 2011 is as follows:
A portion of the allowance for doubtful accounts
balance at March 31, 2010 and 2011 totaling
¥32,971 million and ¥32,191 million ($387 million),
respectively, is attributed to certain non-current
receivable balances which are reported as other
assets in the consolidated balance sheets.
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year ended
March 31,
2009 2010 2011 2011
Allowance for credit losses at beginning of year
¥ 117,706 ¥ 238,932 ¥ 232,479 $ 2,796
Provision for credit losses 259,096 98,870 2,334 28
Charge-offs (128,240) (118,333) (86,115) (1,036)
Recoveries 11,447 16,137 18,268 220
Other (21,077) (3,127) 649 8
Allowance for credit losses at end of year ¥ 238,932 ¥ 232,479 ¥ 167,615 $ 2,016
Yen in millions U.S. dollars in millions
For the year ended March 31, 2011 For the year ended March 31, 2011
Retail
Finance
leases
Wholesale and
other dealer
loans
Retail
Finance
leases
Wholesale and
other dealer
loans
Allowance for credit losses at
beginning of year ¥160,350 ¥36,918 ¥35,211 $1,929 $444 $423
Provision for credit losses (2,660) 6,023 2,098 (32) 73 26
Charge-offs (68,122) (2,820) (5,885) (819) (34) (71)
Recoveries 14,159 288 636 170 3 8
Other (11,528) (4,385) (3,480) (139) (53) (42)
Allowance for credit losses at
end of year ¥ 92,199 ¥36,024 ¥28,580 $1,109 $433 $344
Investments in and transactions with affiliated companies
Yen in millions
U.S. dollars in millions
March 31, March 31,
2010 2011 2011
Current assets ¥ 8,034,546 ¥ 7,973,712 $ 95,895
Noncurrent assets 9,300,307 6,815,361 81,965
Total assets ¥17,334,853 ¥14,789,073 $177,860
Current liabilities ¥ 5,056,178 ¥ 5,141,461 $ 61,833
Long-term liabilities and noncontrolling interest 5,981,054 3,726,952 44,822
Affiliated companies accounted for by the equity method
shareholders’ equity 6,297,621 5,920,660 71,205
Total liabilities and shareholders’ equity ¥17,334,853 ¥14,789,073 $177,860
Toyota’s share of affiliated companies accounted for by the
equity method shareholders’ equity ¥ 1,867,440 ¥ 1,817,988 $ 21,864
Number of affiliated companies accounted for by the equity
method at end of period 56 56
84
TOYOTA ANNUAL REPORT 2011