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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
Long-term debt at March 31, 2011 and 2012 comprises the following: The aggregate amounts of annual maturities of long-term debt during the next five years are as
follows:
Yen in millions
U.S. dollars in millions
March 31, March 31,
2011 2012 2012
Unsecured loans, representing obligations principally to
banks, due 2011 to 2029 in 2011 and due 2012 to 2029 in
2012 with interest ranging from 0.00% to 29.00% per annum
in 2011 and from 0.00% to 32.00% per annum in 2012 ¥3,386,854 ¥ 3,064,785 $ 37,289
Secured loans, representing obligations principally to finance
receivables securitization due 2011 to 2050 in 2011 and due 2012
to 2050 in 2012 with interest ranging from 0.37% to 5.35% per
annum in 2011 and from 0.37% to 11.23% per annum in 2012
619,380 855,015 10,403
Medium-term notes of consolidated subsidiaries, due 2011
to 2047 in 2011 and due 2012 to 2047 in 2012 with interest
ranging from 0.01% to 15.25% per annum in 2011 and from
0.13% to 8.50% per annum in 2012 3,314,589 3,137,289 38,171
Unsecured notes of parent company, due 2012 to 2019 in 2011
and due 2012 to 2019 in 2012 with interest ranging from
1.07% to 3.00% per annum in 2011 and from 1.07% to 3.00%
per annum in 2012 530,000 530,000 6,448
Unsecured notes of consolidated subsidiaries, due 2011 to
2031 in 2011 and due 2012 to 2031 in 2012 with interest
ranging from 0.27% to 15.48% per annum in 2011 and from
0.17% to 24.90% per annum in 2012 1,349,307 946,460 11,516
Long-term capital lease obligations, due 2011 to 2028 in 2011
and due 2012 to 2030 in 2012 with interest ranging from
0.38% to 14.40% per annum in 2011 and from 0.38% to
14.40% per annum in 2012 21,917 21,348 260
9,222,047 8,554,897 104,087
Less - Current portion due within one year
(
2,772,827
)(
2,512,620
) (
30,571
)
¥6,449,220 ¥ 6,042,277 $ 73,516
As of March 31, 2012, approximately 34%, 26%,
11% and 29% of long-term debt are denominated
in U.S. dollars, Japanese yen, Australian dollars
and other currencies, respectively.
As of March 31, 2012, property, plant and
equipment with a book value of ¥52,888 million
Standard agreements with certain banks in
Japan include provisions that collateral
(
including
sums on deposit with such banks
)
or guarantees
will be furnished upon the banks
ʼ
request and
that any collateral furnished, pursuant to such
agreements or otherwise, will be applicable to
all present or future indebtedness to such banks.
(
$643 million
)
and in addition, other assets
aggregating ¥1,225,344 million
(
$14,909 million
)
were pledged as collateral mainly for certain
debt obligations of subsidiaries. These other
assets principally consist of securitized finance
receivables.
During the year ended March 31, 2012, Toyota has
not received any significant such requests from
these banks.
As of March 31, 2012, Toyota has unused
long-term lines of credit amounting to ¥7,606,520
million
(
$92,548 million
)
.
Years ending March 31, Yen in millions
U.S. dollars in millions
2013 ¥ 2,512,620 $30,571
2014 1,632,093 19,858
2015 1,325,676 16,129
2016 1,281,176 15,588
2017 750,350 9,129
Product warranties and recalls and other safety measures: 14
Toyota provides product warranties for certain
defects mainly resulting from manufacturing
based on warranty contracts with its customers
at the time of sale of products. Toyota accrues
estimated warranty costs to be incurred in the
future in accordance with the warranty contracts.
In addition to product warranties, Toyota initiates
recalls and other safety measures to repair or
to replace parts which might be expected to fail
from products safety perspectives or customer
satisfaction standpoints. Toyota accrues for costs
of recalls and other safety measures at the time
of vehicle sale based on the amount estimated
from historical experience.
Liabilities for product warranties and
liabilities for recalls and other safety measures
have been combined into a single table showing
an aggregate liability for quality assurances
due to the fact that both are liabilities for costs
to repair or replace defects of vehicles and the
amounts incurred for recalls and other safety
measures may affect the amounts incurred for
product warranties and vice versa.
Liabilities for quality assurances are included
in
“
Accrued expenses
”
in the consolidated balance
sheets.
0820
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