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This excerpt taken from the TM 20-F filed Jun 24, 2009. Marketable securities and Investments in Affiliated Companies Toyotas accounting policy is to record a write-down of such investments to net realizable value when a decline in fair value below the carrying value is other-than-temporary. In determining if a decline in value is other-than-temporary, Toyota considers the length of time and the extent to which the fair value has been less
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Table of Contentsthan the carrying value, the financial condition and prospects of the company and Toyotas ability and intent to retain its investment in the company for a period of time sufficient to allow for any anticipated recovery in fair value. |
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