TM » Topics » 10. Vehicles and equipment on operating leases:

This excerpt taken from the TM 20-F filed Jun 24, 2009.

10. Vehicles and equipment on operating leases:

Vehicles and equipment on operating leases consist of the following:

 

     Yen in millions     U.S. dollars
in millions
 
     March 31,     March 31,  
     2008     2009     2009  

Vehicles

   ¥ 2,814,706      ¥ 2,729,713      $ 27,789   

Equipment

     107,619        107,168        1,091   
                        
     2,922,325        2,836,881        28,880   

Less - Accumulated depreciation

     (718,207     (795,767     (8,101
                        

Vehicles and equipment on operating leases, net

   ¥ 2,204,118      ¥ 2,041,114      $ 20,779   
                        

Rental income from vehicles and equipment on operating leases was ¥508,095 million, ¥588,262 million and ¥560,251 million ($5,703 million) for the years ended March 31, 2007, 2008 and 2009, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows:

 

Years ending March 31,

   Yen in
millions
   U.S. dollars
in millions

2010

   ¥ 459,110    $ 4,674

2011

     302,990      3,084

2012

     130,948      1,333

2013

     37,294      380

2014

     8,262      84

Thereafter

     7,265      74
             

Total minimum future rentals

   ¥ 945,869    $ 9,629
             

The future minimum rentals as shown above should not be considered indicative of future cash collections.

This excerpt taken from the TM 20-F filed Jun 25, 2008.

10. Vehicles and equipment on operating leases:

Vehicles and equipment on operating leases consist of the following:

 

     Yen in millions     U.S. dollars
in millions
 
     March 31,     March 31,  
     2007     2008     2008  

Vehicles

   ¥ 2,783,706     ¥ 2,814,706     $ 28,094  

Equipment

     106,663       107,619       1,074  
                        
     2,890,369       2,922,325       29,168  

Less - Accumulated depreciation

     (640,997 )     (718,207 )     (7,169 )
                        

Vehicles and equipment on operating leases, net

   ¥ 2,249,372     ¥ 2,204,118     $ 21,999  
                        

 

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Table of Contents

TOYOTA MOTOR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

Rental income from vehicles and equipment on operating leases was ¥395,870 million, ¥508,095 million and ¥588,262 million ($5,871 million) for the years ended March 31, 2006, 2007 and 2008, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows:

 

Years ending March 31,

   Yen in
millions
   U.S. dollars
in millions

2009

   ¥ 490,471    $ 4,895

2010

     338,887      3,382

2011

     175,286      1,750

2012

     53,750      537

2013

     12,935      129

Thereafter

     8,095      81
             

Total minimum future rentals

   ¥ 1,079,424    $ 10,774
             

The future minimum rentals as shown above should not be considered indicative of future cash collections.

This excerpt taken from the TM 20-F filed Jun 25, 2007.

10. Vehicles and equipment on operating leases:

Vehicles and equipment on operating leases consist of the following:

 

     Yen in millions     U.S. dollars
in millions
 
     March 31,     March 31,  
     2006     2007     2007  

Vehicles

   ¥ 2,503,064     ¥ 3,202,674     $ 27,130  

Equipment

     102,362       106,663       903  
                        
     2,605,426       3,309,337       28,033  

Less - Accumulated depreciation

     (579,896 )     (763,485 )     (6,467 )
                        

Vehicles and equipment on operating leases, net

   ¥ 2,025,530     ¥ 2,545,852     $ 21,566  
                        

Rental income from vehicles and equipment on operating leases was ¥291,205 million, ¥395,870 million and ¥508,095 million ($4,304 million) for the years ended March 31, 2005, 2006 and 2007, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows:

 

Years ending March 31,

   Yen in
millions
   U.S. dollars
in millions

2008

   ¥ 549,940    $ 4,659

2009

     401,385      3,400

2010

     210,476      1,783

2011

     74,709      633

2012

     19,454      165

Thereafter

     9,859      83
             

Total minimum future rentals

   ¥ 1,265,823    $ 10,723
             

The future minimum rentals as shown above should not be considered indicative of future cash collections.

 

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Table of Contents

TOYOTA MOTOR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the TM 20-F filed Nov 7, 2006.

10. Vehicles and equipment on operating leases:

Vehicles and equipment on operating leases consist of the following:

 

     Yen in millions     U.S. dollars
in millions
 
     March 31,     March 31,  
     2005     2006     2006  

Vehicles

   ¥ 1,736,238     ¥ 2,503,064     $ 21,308  

Equipment

     92,459       102,362       871  
                        
     1,828,697       2,605,426       22,179  

Less - Accumulated depreciation

     (424,609 )     (579,896 )     (4,936 )
                        

Vehicles and equipment on operating leases, net

   ¥ 1,404,088     ¥ 2,025,530     $ 17,243  
                        

Rental income from vehicles and equipment on operating leases was ¥267,252 million, ¥291,205 million and ¥395,870 million ($3,370 million) for the years ended March 31, 2004, 2005 and 2006, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows:

 

Years ending March 31,    Yen in
millions
   U.S. dollars
in millions

2007

   ¥ 404,750    $ 3,446

2008

     314,638      2,679

2009

     176,244      1,500

2010

     59,484      506

2011

     14,611      124

Thereafter

     10,168      87
             

Total minimum future rentals

   ¥ 979,895    $ 8,342
             

The future minimum rentals as shown above should not be considered indicative of future cash collections.

 

F-24


Table of Contents

TOYOTA MOTOR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the TM 20-F filed Jun 26, 2006.

10. Vehicles and equipment on operating leases:

Vehicles and equipment on operating leases consist of the following:

 

     Yen in millions     U.S. dollars
in millions
 
     March 31,     March 31,  
     2005     2006     2006  

Vehicles

   ¥ 1,736,238     ¥ 2,503,064     $ 21,308  

Equipment

     92,459       102,362       871  
                        
     1,828,697       2,605,426       22,179  

Less - Accumulated depreciation

     (424,609 )     (579,896 )     (4,936 )
                        

Vehicles and equipment on operating leases, net

   ¥ 1,404,088     ¥ 2,025,530     $ 17,243  
                        

Rental income from vehicles and equipment on operating leases was ¥267,252 million, ¥291,205 million and ¥395,870 million ($3,370 million) for the years ended March 31, 2004, 2005 and 2006, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows:

 

Years ending March 31,    Yen in
millions
   U.S. dollars
in millions

2007

   ¥ 404,750    $ 3,446

2008

     314,638      2,679

2009

     176,244      1,500

2010

     59,484      506

2011

     14,611      124

Thereafter

     10,168      87
             

Total minimum future rentals

   ¥ 979,895    $ 8,342
             

The future minimum rentals as shown above should not be considered indicative of future cash collections.

 

F-24


Table of Contents

TOYOTA MOTOR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the TM 20-F filed Jun 24, 2005.

10. Vehicles and equipment on operating leases:

 

Vehicles and equipment on operating leases consist of the following:

 

     Yen in millions

    U.S. dollars
in millions


 
     March 31,

    March 31,

 
     2004

    2005

    2005

 

Vehicles

   ¥ 1,387,404     ¥ 1,736,238     $ 16,168  

Equipment

     106,376       92,459       861  
    


 


 


       1,493,780       1,828,697       17,029  

Less - Accumulated depreciation

     (375,861 )     (424,609 )     (3,954 )
    


 


 


Vehicles and equipment on operating leases, net

   ¥ 1,117,919     ¥ 1,404,088     $ 13,075  
    


 


 


 

Rental income from vehicles and equipment on operating leases was ¥293,366 million, ¥267,252 million and ¥291,205 million ($2,712 million) for the years ended March 31, 2003, 2004 and 2005, respectively. Future minimum rentals from vehicles and equipment on operating leases are due in installments as follows:

 

Years ending March 31,


   Yen in
millions


   U.S. dollars
in millions


2006

   ¥ 304,672    $ 2,837

2007

     214,761      2,000

2008

     128,713      1,198

2009

     51,124      476

2010

     14,718      137

Thereafter

     11,123      104
    

  

Total minimum future rentals

   ¥ 725,111    $ 6,752
    

  

 

The future minimum rentals as shown above should not be considered indicative of future cash collections.

 

F-24


Table of Contents

TOYOTA MOTOR CORPORATION

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

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