Toyota 2005 Annual Report Download - page 95

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS >93
11. ALLOWANCE FOR DOUBTFUL ACCOUNTS AND CREDIT LOSSES
An analysis of activity within the allowance for doubtful accounts relating to trade accounts and notes receivable for the
years ended March 31, 2003, 2004 and 2005 is as follows:
U.S. dollars
Yen in millions in millions
For the year
For the years ended March 31, ended March 31,
2003 2004 2005 2005
Allowance for doubtful accounts at beginning of year................... ¥59,864 ¥53,172 ¥61,121 $569
Provision for doubtful accounts ...................................................... 5,953 16,540 15,752 147
Write-offs .......................................................................................... (6,035) (2,598) (12,855) (120)
Other ................................................................................................. (6,610) (5,993) (8,267) (77)
Allowance for doubtful accounts at end of year......................... ¥53,172 ¥61,121 ¥55,751 $519
The other amount includes the impact of consolidation
and deconsolidation of certain entities due to changes in
ownership interest and currency translation adjustments
for the years ended March 31, 2003, 2004 and 2005.
A portion of the allowance for doubtful accounts
balance at March 31, 2004 and 2005 totaling ¥32,155
million and ¥37,095 million ($345 million), respectively, is
attributed to certain non-current receivable balances
which are reported as other assets in the consolidated
balance sheets.
An analysis of the allowance for credit losses relating to
finance receivables and vehicles and equipment on
operating leases for the years ended March 31, 2003, 2004
and 2005 is as follows:
U.S. dollars
Yen in millions in millions
For the year
For the years ended March 31, ended March 31,
2003 2004 2005 2005
Allowance for credit losses at beginning of year ............................. ¥ 63,053 ¥116,888 ¥ 87,462 $ 815
Provision for credit losses ................................................................ 93,884 66,598 47,402 441
Charge-offs, net of recoveries .......................................................... (51,914) (92,835) (44,587) (415)
Other ................................................................................................. 11,865 (3,189) 1,552 14
Allowance for credit losses at end of year ................................... ¥116,888 ¥ 87,462 ¥ 91,829 $ 855
The other amount primarily includes the impact of currency translation adjustments for the years ended March 31,
2003, 2004 and 2005.
12. AFFILIATED COMPANIES AND VARIABLE INTEREST ENTITIES
Investments in and transactions with affiliated companies —
Summarized financial information for affiliated companies accounted for by the equity method is shown below:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2004 2005 2005
Current assets................................................................................................................... ¥ 4,632,926 ¥ 5,282,960 $ 49,194
Noncurrent assets ............................................................................................................ 7,128,587 8,017,220 74,655
Total assets .............................................................................................................. ¥11,761,513 ¥13,300,180 $123,849
Current liabilities.............................................................................................................¥ 3,407,702 ¥ 3,982,816 $ 37,087
Long-term liabilities ........................................................................................................ 3,823,124 4,167,042 38,803
Shareholders’ equity ........................................................................................................ 4,530,687 5,150,322 47,959
Total liabilities and shareholders’ equity ................................................................... ¥11,761,513 ¥13,300,180 $123,849
Toyota’s share of shareholders’ equity ........................................................................... ¥ 1,358,079 ¥ 1,556,236 $ 14,491
Number of affiliated companies accounted for by the equity method
at end of period.............................................................................................................. 53 56