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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 92
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ContentsSearchPrint
ANNUAL REPORT 2013
The aggregate amounts of annual maturities of long-term debt during the next fi ve years are as follows:
Years ending March 31, Yen in millions U.S. dollars in millions
2014 ¥2,704,428 $28,755
2015 1,703,219 18,110
2016 2,090,251 22,225
2017 1,207,091 12,835
2018 1,341,901 14,268
Standard agreements with certain banks in Japan
include provisions that collateral (including sums on
deposit with such banks) or guarantees will be fur-
nished upon the banks’ request and that any collat-
eral furnished, pursuant to such agreements or
otherwise, will be applicable to all present or future
indebtedness to such banks. During the year ended
March 31, 2013, Toyota has not received any signifi -
cant such requests from these banks.
As of March 31, 2013, Toyota has unused long-
term lines of credit amounting to ¥7,252,081 million
($77,109 million).
The net changes in liabilities for quality assurances above for the years ended March 31, 2011, 2012 and
2013 consist of the following:
Yen in millions U.S. dollars in millions
For the years ended March 31,
For the year ended
March 31,
2011 2012 2013 2013
Liabilities for quality assurances at
beginning of year ¥680,408 ¥764,369 ¥ 839,834 $ 8,930
Payments made during year (476,771) (348,214) (344,279) (3,661)
Provision for quality assurances 588,224 436,891 491,542 5,226
Changes relating to pre-existing
quality assurances (1,701) (7,827) (8,383) (89)
Other (25,791) (5,385) 24,309 259
Liabilities for quality assurances at end of year ¥764,369 ¥839,834 ¥1,003,023 $10,665
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 com-
prised in liabilities for quality assurances above for the years ended March 31, 2011, 2012 and 2013.
Yen in millions U.S. dollars in millions
For the years ended March 31,
For the year ended
March 31,
2011 2012 2013 2013
Liabilities for recalls and other safety
measures at beginning of year ¥301,422 ¥389,499 ¥468,697 $4,984
Payments made during year (263,096) (159,344) (180,925) (1,924)
Provision for recalls and other safety measures 356,749 237,907 270,883 2,880
Other (5,576) 635 7,751 82
Liabilities for recalls and other safety
measures at end of year ¥389,499 ¥468,697 ¥566,406 $6,022
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 war-
ranty costs to be incurred in the future in accor-
dance 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 per-
spectives 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 com-
bined into a single table showing an aggregate liabil-
ity 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.
14. Product warranties and recalls and other safety measures
Notes to Consolidated Financial Statements
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 Consolidated Financial Statements Notes to Consolidated Financial Statements [15 of 44]
Management’s Annual Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm