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42. Toshiba Corporation Annual Report 1998
5. FINANCE RECEIVABLES:
Fin ance receivables com prise the following: Thousands of
Million s of yen U.S. dollars
March 31 1998 1997 1998
In vestm en t in fin ancin g leases:
Total m in imum lease payments receivable . . . . . . . . . . . . . . . . . . ¥ 356,070 ¥ 250,304 $ 2,697,500
Estimated executory costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (15,609) (12,211) (118,250)
Unearned income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20,287) (16,613) (153,690)
Estimated residual values . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,064 –53,515
327,238 221,480 2,479,075
Less – Allowan ce for doubtful accoun ts . . . . . . . . . . . . . . . . . . . . . . . (1,758) (1,299) (13,318)
325,480 220,181 2,465,757
Less – Current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (114,632) (74,268) (868,424)
¥ 210,848 ¥ 145,913 $ 1,597,333
Other finance receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 263,760 ¥ 219,810 $ 1,998,182
Less – Allowan ce for doubtful accoun ts . . . . . . . . . . . . . . . . . . . . . . . (20,337) (2,605) (154,068)
243,423 217,205 1,844,114
Less – Current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (135,903) (121,038) (1,029,568)
¥ 107,520 ¥ 96,167 $ 814,546
In vestm en t in fin ancin g leases consists of sales-type and direct fin ancin g leases m ainly of in form ation systems,
m edical equipm en t, agricultural and in dustrial equipm en t and oth ers.
Other fin ance receivables represent tran saction s in a variety of form s, includin g com m ercial loan s, an d installm en t
sales of consum er products man ufactured by the com pany.
At March 31, 1998, th e contractual m aturities of m in im um lease paym en ts of the investm ent in finan cing leases
an d th e oth er finan ce receivables are as follows: In vestment in fin an cin g leases Oth er finance receivables
Million s Th ousan ds of Millions Th ousan ds of
Year ending March 31 of yen U.S. dollars of yen U.S. dollars
1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥122,314 $ 926,621 ¥138,252 $1,047,364
2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,941 673,796 40,132 304,030
2001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66,520 503,939 25,781 195,311
2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,494 344,652 14,042 106,379
2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,924 181,242 19,884 150,636
Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,877 67,250 25,669 194,462
¥356,070 $2,697,500 ¥263,760 $1,998,182
Allowan ce for doubtful accoun ts is provided upon past loss experience and th e estimation of mortgaged asset values.