Ricoh 2001 Annual Report Download - page 38

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3 6
6 . SECURITIES
Marketable securities and investment securities as of March 31, 2000 and 2001
consist of the following:
Marketable securities:
Available-for-sale
securities
Investm ent securities:
Available-for-sale
securities
Non-m arketable equity securities
Thousands of
U.S. dollars
2 0 0 1
Millions of yen
2 0 0 1
¥62,213
¥46,231
2,845
¥49,076
$493,754
$366,913
2 2 ,5 7 9
$389,492
2000
¥128,768
¥26,164
2,621
¥28,785
The non-marketable equity securities as of March 31, 2000 and 2001 primar-
ily relate to less than 20% owned companies and are stated at cost.
The current and noncurrent security types of available-for-sale securities,
and the respective cost, gross unrealized holding gains, gross unrealized holding
losses and fair value as of March 31, 2000 and 2001 are as follows:
5 . FINANCE RECEIVABLES
Finance receivables as of March 31, 2000 and 2001 are com prised of lease receiv-
ables and installm ent loans.
The Company’s products are leased to custom ers prim arily through Ricoh
Leasing Com pany, Ltd., a major subsidiary. These leases are accounted for as
sales-type leases in conform ity 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, 2000 and
2001 is as follows:
Minimum lease
paym ents receivable
Unearned income
Allowance for doubtful
receivables
Net lease receivables
Thousands of
U.S. dollars
2 0 0 1
$3,531,452
(396,786)
(111,658)
$3,023,008
Millions of yen
2001
2000
¥383,488
( 41,477)
( 12,518)
¥329,493
¥444,963
(49,995)
(14,069)
¥380,899
As of March 31, 2001, the m inim um lease paym ents receivable due in each of
the next five years and thereafter are as follows:
Thousands of
U.S. dollars
2002
2003
2004
2005
2006
2007 and thereafter
Total
$ 1 ,1 2 6,0 9 5
9 4 9 ,3 5 7
7 4 1 ,7 3 8
4 7 1 ,6 5 1
1 9 5 ,0 5 6
4 7 ,5 5 5
$ 3 ,5 3 1,4 5 2
Millions of yen
¥ 1 4 1,8 8 8
1 1 9 ,6 1 9
9 3 ,4 5 9
5 9 ,4 2 8
2 4 ,5 7 7
5,992
¥ 4 4 4,9 6 3
Years ending March 31
Installm ent loans, net of allowance for doubtful receivables, as of March 31, 2000
and 2001 are prim arily com prised of housing loans and term loans aggregating
¥43,368 m illion and ¥47,891 million ( $380,087 thousand) , respectively.
Ricoh sold finance receivables of ¥45,200 million, ¥18,519 million and
¥29,996 m illion ( $238,063 thousand) for the years ended March 31, 1999, 2000
and 2001, respectively.