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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
Vehicles and equipment on operating leases: 10 Allowance for doubtful accounts and credit losses: 11
Vehicles and equipment on operating leases consist of the following: An analysis of activity within the allowance for doubtful accounts relating to trade accounts and notes
receivable for the years ended March 31, 2010, 2011 and 2012 is as follows:
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, 2010, 2011 and 2012.
A portion of the allowance for doubtful
accounts balance at March 31, 2011 and 2012
totaling ¥32,191 million and ¥31,093 million
(
$378
million
)
, respectively, is attributed to certain
non-current receivable balances which are
reported as other assets in the consolidated
balance sheets.
The other amount primarily includes the impact of currency translation adjustments for the years
ended March 31, 2010, 2011 and 2012.
Rental income from vehicles and equipment on operating leases was ¥496,729 million, ¥475,472
million and ¥451,361 million
(
$5,492 million
)
for the years ended March 31, 2010, 2011 and 2012,
respectively. Future minimum rentals from vehicles and equipment on operating leases are due in
installments as follows:
The future minimum rentals as shown above should not be considered indicative of future cash
collections.
Yen in millions
U.S. dollars in millions
March 31, March 31,
2011 2012 2012
Vehicles ¥2,404,032 ¥ 2,487,721 $30,268
Equipment 87,914 87,632 1,066
2,491,946 2,575,353 31,334
Less - Accumulated depreciation
(
651,443
)(
667,406
) (
8,120
)
Less - Allowance for credit losses
(
10,812
)(
8,135
) (
99
)
Vehicles and equipment on operating leases, net ¥1,829,691 ¥ 1,899,812 $23,115
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year ended
March 31,
2010 2011 2012 2012
Allowance for doubtful accounts at beginning of year
¥ 48,006 ¥ 46,706 ¥ 44,047 $536
Provision for doubtful accounts, net of reversal 1,905 1,806 5,843 71
Write-offs
(
1,357
) (
2,690
)(
699
) (
9
)
Other
(
1,848
) (
1,775
)(
5,094
) (
62
)
Allowance for doubtful accounts at end of year
¥ 46,706 ¥ 44,047 ¥ 44,097 $536
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, 2010, 2011 and 2012 is as follows:
Yen in millions
U.S. dollars in millions
For the years ended March 31,
For the year ended
March 31,
2010 2011 2012 2012
Allowance for credit losses at beginning of year ¥238,932 ¥232,479 ¥167,615 $ 2,039
Provision for credit losses, net of reversal 98,870 2,334 3,780 46
Charge-offs
(
118,333
) (
86,115
)(
51,578
) (
627
)
Recoveries 16,137 18,268 16,415 200
Other
(
3,127
)
649 4,131 50
Allowance for credit losses at end of year
¥232,479 ¥167,615 ¥140,363 $ 1,708
Years ending March 31, Yen in millions
U.S. dollars in millions
2013 ¥ 375,082 $ 4,564
2014 227,597 2,769
2015 105,031 1,278
2016 30,358 369
2017 9,878 120
Thereafter 4,812 59
Total minimum future rentals ¥ 752,758 $ 9,159
0820
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