U-Haul 2007 Annual Report Download - page 110

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-45
Note 21A: Financial Information by Consolidating Industry Segment:
Consolidating balance sheets by industry segment as of March 31, 2007 are as follows:
AMERCO U-Haul Real Estate Eliminations
Moving &
Storage
Consolidated
Property &
Casualty
Insurance (a)
Life
Insurance (a) Eliminations
AMERCO
Consolidated SAC Holding II Eliminations
Total
Consolidated
Assets:
Cash and cash equivalents 9$ 63,490$ 807$ -$ 64,306$ 4,228$ 6,738$ -$ 75,272$ -$ -$ 75,272$
Reinsurance recoverables and trade receivables, net - 18,343 27 - 18,370 155,172 11,075 - 184,617 - - 184,617
Notes and mortgage receivables, net - 1,236 433 - 1,669 - - - 1,669 - - 1,669
Inventories, net - 65,646 - - 65,646 - - - 65,646 1,377 - 67,023
Prepaid expenses 11,173 40,586 30 - 51,789 - - - 51,789 291 - 52,080
Investments, fixed maturities and marketable equities - - - - - 156,540 525,261 - 681,801 - - 681,801
Investments, other - 1,119 10,714 - 11,833 74,716 92,150 - 178,699 - - 178,699
Deferred policy acquisition costs, net - - - - - 196 44,318 - 44,514 - - 44,514
Other assets 12 56,264 31,794 - 88,070 1,744 833 - 90,647 4,476 - 95,123
Related party assets 1,180,929 251,288 12,663 (1,113,379) (d) 331,501 9,909 5,040 (20,840) (d) 325,610 5 (80,436) (d) 245,179
1,192,123 497,972 56,468 (1,113,379) 633,184 402,505 685,415 (20,840) 1,700,264 6,149 (80,436) 1,625,977
Investment in subsidiaries (235,860) - - 514,745 (c) 278,885 - - (278,885) (c) - - - -
Investment in SAC Holding II (9,256) - - - (9,256) - - - (9,256) - 9,256 (c) -
Total investment in subsidiaries and SAC Holding II (245,116) - - 514,745 269,629 - - (278,885) (9,256) - 9,256 -
Property, plant and equipment, at cost:
Land - 39,868 163,049 - 202,917 - - - 202,917 - - 202,917
Buildings and improvements - 103,542 698,747 - 802,289 - - - 802,289 - - 802,289
Furniture and equipment 4,588 279,219 17,944 - 301,751 - - - 301,751 - - 301,751
Rental trailers and other rental equipment - 200,208 - - 200,208 - - - 200,208 - - 200,208
Rental trucks - 1,604,123 - - 1,604,123 - - - 1,604,123 - - 1,604,123
SAC Holding II - property, plant and equipment (b) - - - - - - - - - 154,561 (74,212) (e) 80,349
4,588 2,226,960 879,740 - 3,111,288 - - - 3,111,288 154,561 (74,212) 3,191,637
Less: Accumulated depreciation (627) (995,028) (296,563) - (1,292,218) - - - (1,292,218) (12,573) 10,225 (e) (1,294,566)
Total property, plant and equipment 3,961 1,231,932 583,177 - 1,819,070 - - - 1,819,070 141,988 (63,987) 1,897,071
Total assets 950,968$ 1,729,904$ 639,645$ (598,634)$ 2,721,883$ 402,505$ 685,415$ (299,725)$ 3,510,078$ 148,137$ (135,167)$ 3,523,048$
(a) Balances as of December 31, 2006
(b) Included in this caption is land of $57,169, buildings and improvements of $96,879, and furniture and equipment of $513
(c) Eliminate investment in subsidiaries and SAC Holding II
(d) Eliminate intercompany receivables and payables
(e) Eliminate gain on sale of property from U-Haul to SAC Holding II
Moving & Storage AMERCO Legal Group AMERCO as Consolidated
(In thousands)