Toyota 2015 Annual Report Download - page 168

TOYOTA MOTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
9. Vehicles and equipment on operating leases:
Vehicles and equipment on operating leases consist of the following:
Yen in millions
March 31,
2015 2016
Vehicles .............................................................. 5,169,524 5,778,463
Equipment ............................................................. 163,195 12,836
Less - Deferred income and other .......................................... (132,733) (138,677)
5,199,986 5,652,622
Less - Accumulated depreciation ........................................... (1,080,936) (1,133,785)
Less - Allowance for credit losses .......................................... (9,366) (13,049)
Vehicles and equipment on operating leases, net ......................... 4,109,684 4,505,788
Rental income from vehicles and equipment on operating leases was ¥586,983 million, ¥726,515 million
and ¥891,733 million for the years ended March 31, 2014, 2015 and 2016, respectively. Future minimum rentals
from vehicles and equipment on operating leases are due in installments as follows:
Years ending March 31, Yen in millions
2017 ...................................................................... 738,681
2018 ...................................................................... 500,855
2019 ...................................................................... 225,526
2020 ...................................................................... 48,217
2021 ...................................................................... 11,719
Thereafter .................................................................. 1,355
Total minimum future rentals ....................................................... 1,526,353
The future minimum rentals as shown above should not be considered indicative of future cash collections.
10. Allowance for doubtful accounts and credit losses:
The net changes in the allowance for doubtful accounts relating to trade accounts and notes receivable for
the years ended March 31, 2014, 2015 and 2016 are as follows:
Yen in millions
For the years ended March 31,
2014 2015 2016
Allowance for doubtful accounts at beginning of year ..................... 46,144 47,518 50,410
Provision for doubtful accounts, net of reversal .......................... 3,405 (1,598) 69,029
Write-offs ....................................................... (1,162) (289) (20,649)
Other ........................................................... (869) 4,779 (3,937)
Allowance for doubtful accounts at end of year ...................... 47,518 50,410 94,853
“Other” includes the impact of currency translation adjustments for the years ended March 31, 2014, 2015
and 2016.
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