Toyota 2005 Annual Report Download - page 94

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92 >NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
9. INVENTORIES
10. VEHICLES AND EQUIPMENT ON OPERATING LEASES
Inventories consist of the following:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2004 2005 2005
Finished goods ................................................................................................................. ¥ 717,201 ¥ 890,118 $ 8,289
Raw materials................................................................................................................... 155,162 189,675 1,766
Work in process ............................................................................................................... 165,597 179,943 1,676
Supplies and other ........................................................................................................... 45,366 46,973 437
¥1,083,326 ¥1,306,709 $12,168
Vehicles and equipment on operating leases consist of the following:
U.S. dollars
Yen in millions 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:
U.S. dollars
Years ending March 31, Yen in millions 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.