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40
15. Leases
Lessors
The following is a summary of minimum lease payments receivable, present value, unearned finance income, and an
accumulated allowance for uncollectible minimum lease payments receivable, under finance leases operated by Fujitsu
Leasing Co., Ltd. at March 31, 2001 and 2002.
Yen U.S. Dollars
(millions) (thousands)
2001 2002 2002
Minimum lease payments receivable
Within one year ¥60,637 ¥64,049 $ 481,571
Over one year but within five year 108,949 115,386 867,565
Over five year 1,461 1,473 11,075
Total ¥171,047 ¥180,908 $1,360,211
The present value of minimum lease payments receivable
Within one year ¥49,215 ¥53,622 $ 403,173
Over one year but within five year 89,936 98,052 737,233
Over five year 1,206 1,252 9,414
Total ¥140,357 ¥152,926 $1,149,820
At March 31, 2001 and 2002, unearned finance income totaled ¥30,690 million and ¥27,982 million ($210,391
thousand), respectively.
At March 31, 2001 and 2002, an accumulated allowance for uncollectible minimum lease payments receivable was
¥671 million and ¥1,160 million ($8,722 thousand), respectively.
At March 31, 2001 and 2002, future minimum lease payments received within one year under non-cancelable operating
leases amounted to ¥331 million and ¥205 million ($1,541 thousand), respectively.
Lessees
The following is a summary of equivalent amounts of acquisition cost, accumulated depreciation, book value of leased
assets, and minimum lease payments required under finance leases at March 31, 2001 and 2002. Yen U.S. Dollars
(millions) (thousands)
At March 31 2001 2002 2002
Equivalent amounts of acquisition cost ¥135,225 ¥171,895 $1,292,443
Accumulated depreciation 65,224 120,656 907,188
Book value of leased assets 70,001 51,239 385,255
Minimum lease payments required
Within one year 27,444 9,290 69,850
Over one year but within five year 71,616 22,308 167,729
Over five year 13,489 3,728 28,030
Total ¥ 112,549 ¥35,326 $ 265,609
The following is a summary of future minimum lease payments required under non-cancelable operating leases in the
aggregate and for each of the following periods. Yen U.S. Dollars
(millions) (thousands)
2001 2002 2002
Within one year ¥6,805 ¥9,257 $ 69,601
Over one year but within five year 16,650 21,227 159,602
Over five year 4,774 8,882 66,782
Total ¥28,229 ¥39,366 $295,985
FINANCIAL
SECTION