U-Haul 2006 Annual Report Download - page 64

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ADDITIONAL INFORMATION
NOTES TO SUMMARY OF EARNINGS OF INDEPENDENT RENTAL FLEETS -- (Continued)
(C) A summary of operations expenses charged directly to independent fleet owners follows:
2006 2005 2004 2003 2002
Licenses $ 24 $ 31 $ 41 $ 52 $ 86
Public liability insurance 33 37 48 53 65
Repairs and maintenance 244 315 348 317 381
$ 301 $ 383 $ 437 $ 422 $ 532
Year Ended March 31,
(In thousands)
(D) The fleet owners and subsidiary U-Haul rental companies forego normal commissions on a portion of gross rental fees
designated for transfer to the Trailer Accident Fund (the “Fund”). Trailer accident repair expenses otherwise
chargeable to fleet owner, are paid from this Fund to the extent of the financial resources of the Fund. The amounts
designated “Trailer Accident Fund credit” in the accompanying summary of earnings represents independent fleet
owner commissions foregone, which exceed expenses borne by the Fund.
(E) Commissions foregone for transfer to the Trailer Accident Fund follow:
Subsidiary
U-Haul
Companies
Subsidiary
Companies Independent Total
Year ended:
March 31, 2006 $ 9,285 $ 4,972 $ 27 $ 14,284
March 31, 2005 8,450 4,516 34 13,000
March 31, 2004 7,704 4,102 46 11,852
March 31, 2003 6,845 3,637 49 10,531
March 31, 2002 6,385 3,377 61 9,823
Fleet Owners
(In thousands)
(F) A summary of independent fleet owner expenses borne by the Trailer Accident Fund follows:
Subsidiary
U-Haul
Companies
Subsidiary
Companies Independent
Sub
Total
Trailer
Accident
Retirements
Total Trailer
Accident
Repair
Expenses
Year ended:
March 31, 2006 $ 2,170 $ 1,162 $ 6 $ 3,338 $ 443 $ 3,781
March 31, 2005 1,717 917 7 2,641 388 3,029
March 31, 2004 1,366 727 8 2,101 466 2,567
March 31, 2003 1,095 582 8 1,685 394 2,079
March 31, 2002 1,225 647 12 1,884 455 2,339
Fleet Owners
(In thousands)
F-57