Ricoh 1998 Annual Report Download - page 40

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38
5. FINANCE RECEIVABLES
Finance receivables as of March 31, 1997 and 1998 are comprised of lease
receivables and installment loans.
The Company’s products are leased to customers primarily through
Ricoh Leasing Company, Ltd., a major subsidiary. These leases are
accounted for as sales-type leases in conformity with SFAS No. 13.
Revenues from sales-type leases are recognized at the inception of the
lease.
Information pertaining to Ricoh’s lease receivables as of March 31,
1997 and 1998 is as follows:
As of March 31, 1998, the minimum lease payments receivable due in
each of the next five years and thereafter are as follows:
Installment loans as of March 31, 1997 and 1998 are primarily comprised
of housing loans and term loans aggregating ¥18,794 million and ¥23,782
million ($180,167 thousand), respectively.
Thousands of
U.S. dollars
1999
2000
2001
2002
2003
2004 and thereafter
Total
$1,022,780
854,849
642,432
395,280
150,811
20,674
$3,086,826
Millions of yen
¥135,007
112,840
84,801
52,177
19,907
2,729
¥407,461
Years ending March 31
Minimum lease
payments receivable
Unearned income
Allowance for doubtful
receivables
Net lease receivables
Thousands of
U.S. dollars
1998
$3,086,826
(312,523)
(79,606)
$2,694,697
Millions of yen
19981997
¥396,141
(40,894)
(9,549)
¥345,698
¥407,461
(41,253)
(10,508)
¥355,700
6. SECURITIES
Marketable securities and investment securities as of March 31, 1997 and
1998 consist of the following:
Marketable securities:
Available-for-sale
securities
Investment securities:
Available-for-sale
securities
Equity securities
Thousands of
U.S. dollars
1998
Millions of yen
1998
¥86,487
¥44,337
8,629
¥52,966
$655,205
$335,886
65,371
$401,257
1997
¥95,976
¥73,600
7,735
¥81,335
The investment equity securities as of March 31, 1997 and 1998 primari-
ly relate to 20% less owned companies and are stated at cost.
The current and noncurrent security types of available-for-sale secu-
rities, and the respective cost, gross unrealized holding gains, gross unre-
alized holding losses and fair value as of March 31, 1997 and 1998 are as
follows:
been made at the beginning of the years or of results which may occur in
the future.
The pro forma results of operations are not necessarily indicative of the
actual results of operations that would have occurred had the acquisition