Honda 2014 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 2014 Honda annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 62

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62

Additional Narrative of the Change in Credit Loss
The following tables summarize our allowance for credit losses on finance receivables:
Yen (billions)
For the fiscal year ended March 31, 2013 Retail
Direct
financing lease Wholesale Total
Allowance for credit losses
Balance at beginning of year ¥ 20.4 ¥ 1.1 ¥ 1.4 ¥ 23.0
Provision 8.7 0.3 0.0 9.1
Charge-offs (20.8) (0.9) (0.2) (22.0)
Recoveries 8.1 0.1 0.0 8.2
Adjustments from foreign currency translation 1.1 0.0 0.0 1.3
Balance at end of year ¥ 17.6 ¥ 0.7 ¥ 1.2 ¥ 19.7
Ending receivable balance ¥3,865.4 ¥448.6 ¥431.9 ¥4,746.0
Average receivable balance, net ¥3,429.8 ¥394.5 ¥334.1 ¥4,158.4
Net charge-offs as a % of average receivable balance 0.37% 0.21% 0.08% 0.33%
Allowance as a % of ending receivable balance 0.46% 0.18% 0.30% 0.42%
Yen (billions)
For the fiscal year ended March 31, 2014 Retail
Direct
financing lease Wholesale Total
Allowance for credit losses
Balance at beginning of year ¥ 17.6 ¥ 0.7 ¥ 1.2 ¥ 19.7
Provision 18.6 0.3 1.4 20.4
Charge-offs (27.5) (0.5) (0.4) (28.5)
Recoveries 11.6 0.0 0.0 11.7
Adjustments from foreign currency translation 1.2 0.0 0.2 1.4
Balance at end of year ¥ 21.6 ¥ 0.6 ¥ 2.5 ¥ 24.8
Ending receivable balance ¥4,678.7 ¥422.9 ¥497.3 ¥5,599.0
Average receivable balance, net ¥4,358.0 ¥457.1 ¥446.6 ¥5,261.8
Net charge-offs as a % of average receivable balance 0.36% 0.10% 0.09% 0.32%
Allowance as a % of ending receivable balance 0.46% 0.15% 0.52% 0.44%
Honda Motor Co., Ltd. Annual Report 2014 40
6 Financial Section
1 The Power of Dreams
2 Financial Highlights
3 To Our Shareholders
4 Review of Operations
5 Corporate Governance
7
Investor Relations
Information
Return to last
page opened
Go to
contents page