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Other payables:
15
Income taxes:
16
0822
Financial Section and
Investor Information
Business and
Performance Review
Special FeatureMessage/Vision
Management and
Corporate Information
Notes to Consolidated Financial Statements
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year
ended March 31,
2009 2010 2011 2011
Liabilities for quality assurances at beginning of year
¥ 499,987 ¥ 568,834 ¥ 680,408 $ 8,183
Payments made during year (407,675) (425,976) (476,771) (5,734)
Provision for quality assurances 526,503 558,190 588,224 7,074
Changes relating to pre-existing quality assurances
(17,869) (21,606) (1,701) (20)
Other (32,112) 966 (25,791) (310)
Liabilities for quality assurances at end of year ¥ 568,834 ¥ 680,408 ¥ 764,369 $ 9,193
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.
The table below shows the net changes in liabilities for recalls and other safety measures which are
comprised in liabilities for quality assurances above for the years ended March 31, 2009, 2010 and 2011.
The net changes in liabilities for quality assurances above for the years ended March 31, 2009, 2010
and 2011 consist of the following:
Other payables are mainly related to purchases of property, plant and equipment and non-manufacturing
purchases.
The components of income (loss) before income taxes comprise the following:
The provision for income taxes consists of the following:
Toyota is subject to a number of different
income taxes which, in the aggregate, indicate a
statutory rate in Japan of approximately 40.2% for
the years ended March 31, 2009, 2010 and 2011.
Such rate was also used to calculate the tax
effects of temporary differences, which are
expected to be realized in the future years.
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year
ended March 31,
2009 2010 2011 2011
Liabilities for recalls and other safety measures
at beginning of year ¥ 53,603 ¥139,577 ¥ 301,422 $ 3,625
Payments made during year (69,812) (89,796) (263,096) (3,164)
Provision for recalls and other safety measures 159,899 256,981* 356,749 4,290
Other (4,113) (5,340) (5,576) (67)
Liabilities for recalls and other safety measures
at end of year ¥139,577 ¥301,422 ¥ 389,499 $ 4,684
* Toyota has employed an estimation model to accrue of expenses for future recalls and other safety measures at the time of vehicle sale
based on the amount estimated from historical experience from the fourth quarter of the fiscal year ended March 31, 2010. This change has
resulted in an increase in provision for recalls and other safety measures in this table by ¥105,698 million.
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year
ended March 31,
2009 2010 2011 2011
Income (loss) before income taxes:
Parent company and domestic subsidiaries ¥(224,965) ¥(114,569) ¥(278,229) $(3,346)
Foreign subsidiaries (335,416) 406,037 841,519 10,120
¥(560,381) ¥ 291,468 ¥ 563,290 $ 6,774
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year
ended March 31,
2009 2010 2011 2011
Current income tax expense:
Parent company and domestic subsidiaries ¥ 65,684 ¥ 65,971 ¥ 85,290 $1,026
Foreign subsidiaries 72,864 1,156 141,821 1,705
Total current 138,548 67,127 227,111 2,731
Deferred income tax expense (benefit):
Parent company and domestic subsidiaries (26,472) (126,716) (44,268) (532)
Foreign subsidiaries (168,518) 152,253 129,978 1,563
Total deferred (194,990) 25,537 85,710 1,031
Total provision ¥ (56,442) ¥ 92,664 ¥312,821 $3,762
87TOYOTA ANNUAL REPORT 2011