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Toyota Global Vision President’s Message Launching a New Structure Special Feature Review of Operations
Consolidated Performance
Highlights
Management and
Corporate Information Investor InformationFinancial Section
Page 67
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ContentsSearchPrint
ANNUAL REPORT 2013
The following tables summarize Toyota’s contractual obligations and commercial commitments as of March
31, 2013.
Yen in millions
Payments Due by Period
Total
Less than
1 year
1 to 3
years
3 to 5
years
5 years
and after
Contractual Obligations:
Short-term borrowings (note 13)
Loans ¥ 1,062,233 ¥1,062,233 ¥ — ¥ — ¥ —
Commercial paper 3,027,295 3,027,295 — — —
Long-term debt* (note 13) 10,020,853 2,700,333 3,788,631 2,545,775 986,114
Estimated amount of interest expense
on long-term debt 757,581 220,552 299,299 126,644 111,086
Capital lease obligations (note 13) 21,399 4,095 4,839 3,217 9,248
Non-cancelable operating lease
obligations (note 22) 61,877 11,299 17,386 11,701 21,491
Commitments for the purchase of
property, plant and other assets (note 23) 203,901 57,970 9,902 3,761 132,268
Total ¥15,155,139 ¥7,083,777 ¥4,120,057 ¥2,691,098 ¥1,260,207
* “Long-term debt” represents future principal payments.
Toyota is unable to make reasonable estimates of
the period of cash settlement with respect to liabili-
ties recognized for uncertain tax benefi ts, and
accordingly such liabilities are excluded from the
table above. See note 16 to the consolidated fi nan-
cial statements for further discussion.
Toyota expects to contribute ¥54,094 million domestically and ¥8,688 million overseas to its pension plans
in fi scal 2014.
Yen in millions
Amount of Commitment Expiration Per Period
Total Amounts
Committed
Less than
1 year
1 to 3
years
3 to 5
years
5 years
and after
Commercial Commitments (note 23):
Maximum potential exposure to
guarantees given in the ordinary
course of business ¥1,849,493 ¥813,754 ¥503,822 ¥397,108 ¥134,809
Total Commercial Commitments ¥1,849,493 ¥813,754 ¥503,822 ¥397,108 ¥134,809
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Toyota does not have any signifi cant related party
transactions other than transactions with affi liated
companies in the ordinary course of business. See
note 12 to the consolidated fi nancial statements for
further discussion.
Related Party Transactions
In October 2000, the European Union enforced a
directive that requires member states to promulgate
regulations implementing the following:
• manufacturers shall bear all or a signifi
cant part
of the costs for taking back end-of-life vehicles
put on the market after July 1, 2002 and dis-
mantling and recycling those vehicles.
Beginning January 1, 2007, this requirement will
also be applicable to vehicles put on the market
before July 1, 2002;
• manufacturers may not use certain hazardous
materials in vehicles sold after July 2003;
• vehicles type-approved and put on the market
after December 15, 2008 shall be re-usable
and/or recyclable to a minimum of 85% by
weight per vehicle and shall be re-usable and/or
recoverable to a minimum of 95% by weight per
vehicle; and
• end-of-life vehicles must meet actual re-use of
80% and re-use as material or energy of 85%,
respectively, of vehicle weight by 2006, rising to
85% and 95%, respectively, by 2015.
See note 23 to the consolidated fi nancial state-
ments for further discussion.
Legislation Regarding End-of-Life Vehicles
In December 2011, FASB issued updated guidance
of disclosures about offsetting assets and liabilities.
This guidance requires additional disclosures about
gross and net information for assets and liabilities
including fi nancial instruments eligible for offset in
the balance sheets. This guidance is effective for fi s-
cal year beginning on or after January 1, 2013, and
for interim period within the fi scal year. Management
does not expect this guidance to have a material
impact on Toyota’s consolidated fi nancial statements.
In February 2013, FASB issued updated guidance
on the presentation of items reclassifi ed out of
accumulated other comprehensive income. This
guidance requires to present, either in a single note
or parenthetically on the face of the fi nancial state-
ments, the effect of signifi cant amounts reclassifi ed
out of each component of accumulated other com-
prehensive income based on its source. This guid-
ance is effective for fi scal year beginning on or after
December 15, 2012, and for interim period within
the fi scal year. Management does not expect this
guidance to have a material impact on Toyota’s
consolidated fi nancial statements.
Recent Accounting Pronouncements in the United States
Selected Financial Summary (U.S. GAAP) Consolidated Segment Information Consolidated Quarterly Financial Summary Management’s Discussion and Analysis of Financial Condition and Results of Operations [22 of 26] Consolidated Financial Statements Notes to Consolidated Financial Statements
Management’s Annual Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm