U-Haul 2007 Annual Report Download - page 112

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-47
Consolidating balance sheets by industry segment as of March 31, 2006 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 7$ 140,499$ 856$ -$ 141,362$ 9,815$ 4,027$ -$ 155,204$ 255$ -$ 155,459$
Reinsurance recoverables and trade receivables, net - 17,325 25 - 17,350 199,908 12,921 - 230,179 - - 230,179
Notes and mortgage receivables, net - 1,333 1,199 - 2,532 - - - 2,532 - - 2,532
Inventories, net - 63,585 - - 63,585 - - - 63,585 1,334 - 64,919
Prepaid expenses 2,051 51,166 - - 53,217 - - - 53,217 45 - 53,262
Investments, fixed maturities and marketable equities - - - - - 108,563 587,395 - 695,958 - - 695,958
Investments, other - 1,314 7,853 - 9,167 113,456 86,738 - 209,361 - - 209,361
Deferred policy acquisition costs, net - - - - - 1,160 46,661 - 47,821 - - 47,821
Other assets 2 54,390 40,866 - 95,258 2,027 438 - 97,723 4,371 - 102,094
Related party assets 1,219,703 262,330 12,671 (1,147,881) (d) 346,823 24,293 10,915 (30,156) (d) 351,875 2,900 (84,307) (d) 270,468
1,221,763 591,942 63,470 (1,147,881) 729,294 459,222 749,095 (30,156) 1,907,455 8,905 (84,307) 1,832,053
Investment in subsidiaries (262,277) - - 526,979 (c) 264,702 - - (264,702) (c) - - - -
Investment in SAC Holding II (14,275) - - - (14,275) - - - (14,275) - 14,275 (c) -
Total investment in subsidiaries and SAC Holding II (276,552) - - 526,979 250,427 - - (264,702) (14,275) - 14,275 -
Property, plant and equipment, at cost:
Land - 29,159 146,626 - 175,785 - - - 175,785 - - 175,785
Buildings and improvements - 78,244 661,359 - 739,603 - - - 739,603 - - 739,603
Furniture and equipment 2,590 260,902 17,879 - 281,371 - - - 281,371 - - 281,371
Rental trailers and other rental equipment - 201,273 - - 201,273 - - - 201,273 - - 201,273
Rental trucks - 1,331,891 - - 1,331,891 - - - 1,331,891 - - 1,331,891
SAC Holding II - property, plant and equipment (b) - - - - - - - - - 153,429 (74,212) (e) 79,217
2,590 1,901,469 825,864 - 2,729,923 - - - 2,729,923 153,429 (74,212) 2,809,140
Less: Accumulated depreciation (334) (987,598) (285,687) - (1,273,619) - - - (1,273,619) (10,020) 9,664 (e) (1,273,975)
Total property, plant and equipment 2,256 913,871 540,177 - 1,456,304 - - - 1,456,304 143,409 (64,548) 1,535,165
Total assets 947,467$ 1,505,813$ 603,647$ (620,902)$ 2,436,025$ 459,222$ 749,095$ (294,858)$ 3,349,484$ 152,314$ (134,580)$ 3,367,218$
(a) Balances as of December 31, 2005
(b) Included in this caption is land of $57,169, buildings and improvements of $95,876, and furniture and equipment of $384
(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)