U-Haul 2007 Annual Report Download - page 106

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
Independent fleet owners own approximately 1.9% of all U-Haul rental trailers. There are approximately 451
independent fleet owners, including certain officers, directors, employees and stockholders of AMERCO. Such AMERCO
officers, directors, employees and stockholders owned less than 1.0% of all U-Haul rental trailers during fiscal 2007, 2006
and 2005, respectively. Payments to these individuals under this program are de minimis (less than one thousand dollars per
quarter, per person). All rental equipment is operated under contract with U-Haul whereby U-Haul administers the
operations and marketing of such equipment and in return receives a percentage of rental fees paid by customers. Based on
the terms of various contracts, rental fees are distributed to U-Haul (for services as operators), to the fleet owners (including
certain subsidiaries and related parties of U-Haul) and to rental dealers (including Company-operated U-Haul Centers).
Related Party Assets
2007 2006
Private Mini notes, receivables and interest $ 71,785 $ 74,427
Oxford note receivable from SAC Holding Corporation (a) 5,040 5,040
U-Haul notes receivable from SAC Holding Corporation 123,578 123,578
U-Haul interest receivable from SAC Holding Corporation 23,361 42,189
U-Haul receivable from SAC Holding Corporation 16,596 5,688
SAC Holding II receivable from parent - 2,900
U-Haul receivable from Mercury 4,278 2,342
Oxford and RepWest investment in Securespace (b) - 11,585
Other 541 2,719
$ 245,179 $ 270,468
March 31,
(In thousands)
(a) SAC Holding Corporation repaid this note in full April 13, 2007.
(b) On September 29, 2006, a subsidiary of SAC Holding Corporation exercised its right under the partnership
agreement to purchase all of the partnership interests held by RepWest and Oxford for a combined amount of $11.9
million.
Related Party Liabilities
2007 2006
SAC Holding II payable to affiliate $ 2,099 $ 7,165
March 31,
(In thousands)
F-41