Hitachi 2009 Annual Report Download - page 56

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The following table shows the future minimum lease receivables of financing and non-cancelable operating leases as of
March 31, 2009 and the future minimum lease receivables of financing leases as of March 31, 2008:
Millions of yen
Thousands of
U.S. dollars
Financing
leases
Operating
leases
Financing
leases
Operating
leases
Years ending March 31 2009 2009
2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥174,713 ¥ 42,872 $1,782,785 $ 437,470
2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139,693 29,662 1,425,439 302,673
2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96,570 18,453 985,408 188,296
2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,505 9,192 607,194 93,796
2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,503 3,342 311,255 34,102
Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74,366 3,287 758,837 33,541
Total minimum payments to be received . . . . . . . . . . . . . . . . 575,350 ¥106,808 5,870,918 $1,089,878
Unguaranteed residual values . . . . . . . . . . . . . . . . . . . . . . . . 74,870 763,979
Amount representing executory costs . . . . . . . . . . . . . . . . . . (32,803) (334,724)
Unearned income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (41,161) (420,010)
Allowance for doubtful receivables . . . . . . . . . . . . . . . . . . . . . (3,778) (38,551)
Net investment in financing leases . . . . . . . . . . . . . . . . . . . . . 572,478 5,841,612
Less current portion of net investment in financing leases,
included in investments in leases . . . . . . . . . . . . . . . . . . . . . 170,340 1,738,163
Long-term net investment in financing leases,
included in other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥402,138 $4,103,449
Millions of yen
Financing
Leases
2008
Total minimum payments to be received . . . . . . . . . . . . . . . . ¥447,766
Unguaranteed residual values . . . . . . . . . . . . . . . . . . . . . . . . 79,024
Amount representing executory costs . . . . . . . . . . . . . . . . . . (24,467)
Unearned income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35,172)
Allowance for doubtful receivables . . . . . . . . . . . . . . . . . . . . . (3,765)
Net investment in financing leases . . . . . . . . . . . . . . . . . . . . . 463,386
Less current portion of net investment in financing leases,
included in investments in leases . . . . . . . . . . . . . . . . . . . . . 136,119
Long-term net investment in financing leases,
included in other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥327,267
The Company and certain subsidiaries lease certain buildings, manufacturing machinery and equipment used in their operations.
The amount of leased assets at cost under capital leases as of March 31, 2009 and 2008 amounted to ¥37,846 million
($386,184 thousand) and ¥41,017 million, respectively, and accumulated depreciation as of March 31, 2009 and 2008
amounted to ¥18,993 million ($193,806 thousand) and ¥22,151 million, respectively. Amortization of assets under capital
leases is included in depreciation expense.
54 Hitachi, Ltd.
Annual Report 2009