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The Right Way Forward Business OverviewPerformance Overview Financial Section
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Annual Report 2009 105
The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the period
ended March 31, 2009:
Yen in millions
For the year ended March 31, 2009
Marketable
securities and Derivative
other securities financial
investments instruments Total
Balance at beginning of year ............................................................................................................. ¥23,818 ¥ 25,499 ¥ 49,317
Total gains (losses)
Included in earnings ................................................................................................................... 586 (38,538) (37,952)
Included in other comprehensive income (loss) ....................................................................... (1,398) — (1,398)
Purchases, issuances and settlements .......................................................................................... (1,665) 7,026 5,361
Other ................................................................................................................................................ (1,760) 279 (1,481)
Balance at end of year ........................................................................................................................ ¥19,581 ¥ (5,734) ¥ 13,847
U.S. dollars in millions
For the year ended March 31, 2009
Marketable
securities and Derivative
other securities financial
investments instruments Total
Balance at beginning of year ............................................................................................................. $242 $ 260 $ 502
Total gains (losses)
Included in earnings ................................................................................................................... 6 (392) (386)
Included in other comprehensive income (loss) ....................................................................... (14) — (14)
Purchases, issuances and settlements .......................................................................................... (17) 71 54
Other ................................................................................................................................................ (18) 3 (15)
Balance at end of year ........................................................................................................................ $199 $ (58) $ 141
In the reconciliation table above, derivative financial instruments are presented net of assets and (liabilities). The other amount
primarily includes the impact of currency translation adjustments.
Certain assets and liabilities are measured at fair value on a nonrecurring basis. During the year ended March 31, 2009, Toyota
measured certain finance receivables at fair value of ¥25,932 million ($264 million) based on the collateral value, resulting in an
impairment loss of ¥10,011 million ($102 million). This fair value measurement on a nonrecurring basis as of March 31, 2009 was
classified as level 3.