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TOYOTA ANNUAL REPORT 2012
Toyota Global Vision Changes for Making
Ever-Better Cars President
ʼ
s Message Medium- to Long-Term
Growth Initiatives Special Feature Management and
Corporate Information Investor Information
Business and
Performance Review Financial Section
Notes to Consolidated Financial Statements
“
Included in earnings
”
in marketable
securities and other securities investments and
derivative financial instruments are included in
“
Other income
(
loss
)
, net
”
and
“
Cost of financing
operations
”
in the accompanying consolidated
statements of income, respectively.
In the reconciliation table above, derivative
financial instruments are presented net of assets
and liabilities. The other amount primarily includes
the impact of currency translation adjustments
for the year ended March 31, 2010 and includes
consolidated retained interests in securitized
financial receivables of ¥
(
13,165
)
million, certain
derivative financial instruments transferred into
Level 2 due to be measured at observable inputs
of ¥
(
21,413
)
million and the impact of currency
translation adjustments for the year ended
March 31, 2011, and includes the impacts of level
transfers and currency translation adjustments
for the year ended March 31, 2012.
As of March 31, 2012, the Level 3 assets and
liabilities measured at fair value on a recurring
basis are not significant.
Certain assets and liabilities are measured
at fair value on a nonrecurring basis. During the
years ended March 31, 2011 and 2012, Toyota
measured certain finance receivables at fair
value of ¥32,338 million and ¥32,056 million
(
$390
million
)
based on the collateral value, resulting
in gains of ¥2,083 million and ¥1,736 million
(
$21 million
)
. This fair value measurement on a
nonrecurring basis is classified in Level 3. See
note 21 to the consolidated financial statements
for the fair value measurement. These Level 3
financial assets are not significant.
0820
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