U-Haul 2004 Annual Report Download - page 102

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F-41
AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
Consolidating balance sheets by industry segment as of March 31, 2003 are as follows:
AMERCO Legal Group AMERCO as Consolidated
Property SAC
and Moving
Obligated Group Casualty Life and
Real Obligated Insurance Insurance AMERCO Storage Total
AMERCO U-Haul Estate Elim Grp Cons (a) (a) Elim Consolidated Operations Elim Consolidated
(In thousands)
Assets:
Cash and cash equivalents ÏÏÏÏÏÏ $ 18,524 $ 30,046 $ 174 $ Ì $ 48,744 $ 4,108 $ 9,320 $ Ì $ 62,172 $ 4,662 $ Ì $ 66,834
Trade receivables, net ÏÏÏÏÏÏÏÏ Ì 14,690 12,823 Ì 27,513 224,427 23,062 Ì 275,002 Ì Ì 275,002
Notes and mortgage
receivables, netÏÏÏÏÏÏÏÏÏÏÏÏ Ì 5,985 2,324 Ì 8,309 Ì Ì Ì 8,309 Ì Ì 8,309
Inventories, netÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì 49,229 4 Ì 49,233 Ì Ì Ì 49,233 4,037 Ì 53,270
Prepaid expenses ÏÏÏÏÏÏÏÏÏÏÏÏ 87 20,937 11 Ì 21,035 Ì Ì Ì 21,035 811 Ì 21,846
Investments, Ñxed maturities ÏÏ Ì Ì Ì Ì Ì 253,871 606,729 Ì 860,600 Ì Ì 860,600
Investments, other ÏÏÏÏÏÏÏÏÏÏÏ Ì 811 Ì Ì 811 97,782 165,659 Ì 264,252 Ì Ì 264,252
Deferred policy acquisition
costs, net ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì 13,206 91,894 Ì 105,100 Ì Ì 105,100
Other assets ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 12,429 17,370 3,991 33,790 3,884 1,291 Ì 38,965 24,635 Ì 63,600
Related party assetsÏÏÏÏÏÏÏÏÏÏ 594,455 359,930 221,315 (603,910)(d) 571,790 107,366 66,420 (165,481)(d) 580,095 Ì (445,095)(d) 135,000
625,495 498,998 240,642 (603,910) 761,225 704,644 964,375 (165,481) 2,264,763 34,145 (445,095) 1,853,813
Investment in subsidiariesÏÏÏÏÏÏÏ 1,037,756 Ì Ì (727,559)(c) 310,197 Ì Ì (310,197)(c) Ì Ì Ì Ì
Investment in SAC ÏÏÏÏÏÏÏÏÏÏÏÏ (41,938) Ì Ì Ì (41,938) Ì Ì Ì (41,938) Ì 41,938(c) Ì
Total investment in subsidiaries ÏÏ 995,818 Ì Ì (727,559) 268,259 Ì Ì (310,197) (41,938) Ì 41,938 Ì
Property, plant, and equipment,
at cost:
Land ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì 18,849 139,138 Ì 157,987 Ì Ì Ì 157,987 Ì Ì 157,987
Buildings and improvementsÏÏÏ Ì 145,177 602,676 Ì 747,853 Ì Ì Ì 747,853 Ì Ì 747,853
Furniture and equipmentÏÏÏÏÏÏ 459 272,884 18,040 Ì 291,383 Ì Ì Ì 291,383 Ì Ì 291,383
Rental trailers and other rental
equipment ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì 149,707 Ì Ì 149,707 Ì Ì Ì 149,707 Ì Ì 149,707
Rental trucks ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì 1,140,294 Ì Ì 1,140,294 Ì Ì Ì 1,140,294 Ì Ì 1,140,294
SAC HoldingsÌProperty, plant
and equipment ÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì Ì Ì Ì Ì 1,015,563 (258,271)(e) 757,292
459 1,726,911 759,854 Ì 2,487,224 Ì Ì Ì 2,487,224 1,015,563 (258,271) 3,244,516
Less: Accumulated depreciationÏÏ (315) (990,412) (254,409) Ì (1,245,136) Ì Ì Ì (1,245,136) (59,679) 6,616(e) (1,298,199)
Total property, plant and
equipment ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 144 736,499 505,445 Ì 1,242,088 Ì Ì Ì 1,242,088 955,884 (251,655) 1,946,317
Total assetsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $1,621,457 $1,235,497 $ 746,087 $(1,331,469) $ 2,271,572 $704,644 $964,375 $(475,678) $ 3,464,913 $ 990,029 $(654,812) $ 3,800,130
(a) Balances for the year ended December 31, 2002
(b) Included in this caption is land of $273,470, buildings and improvements of $739,534, and furniture and equipment of $2,559
(c) Eliminate investment in subsidiaries
(d) Eliminate intercompany receivable and payables
(e) Eliminate gain on sale of surplus property from U-Haul to SAC