Toshiba 2001 Annual Report Download - page 52

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50
In the year ended March 31, 2001, the company and certain subsidiaries recognized pre-tax losses of
¥2,323 million ($18,734thousand) on the securitization of the trade receivables and pre-tax gains of
¥1,358 million ($10,952thousand) on the securitization of the finance receivables. The resulting gain
or loss on securitization transactions is determined by allocating the carrying amount of the transferred
financial assets between the assets sold and the retained interests based on their relative fair value at
the date of the transfer. The fair value is estimated based on the present value of the future expected
cash flows estimated using management’s best estimates of the key assumptions.
Inventories comprise the following:
Thousands of
Millions of yen U.S. dollars
March 31 2001 2000 2001
Finished products ¥345,183 ¥314,778 $2,783,734
Work in process:
Long-term contracts 148,462 194,092 1,197,274
Other 201,060 208,605 1,621,452
Raw materials 124,928 119,713 1,007,484
¥819,633 ¥837,188 $6,609,944
Of the affiliated companies which are accounted for by the equity method, the investment in common
stock of the listed companies is carried at ¥62,327 million ($502,637 thousand) and ¥77,377 million
at March 31, 2001 (five companies) and 2000 (six companies), respectively. The company’s invest-
ments in these companies had a market value of ¥78,671 million ($634,444 thousand) and ¥92,678
million at March 31, 2001 and 2000, respectively, based on quoted market prices at those dates.
Summarized financial information of the affiliated companies accounted for by the equity method is
shown below:
Thousands of
Millions of yen U.S. dollars
March 31 2001 2000 2001
Current assets ¥412,480 ¥448,114 $3,326,452
Other assets including property, plant and equipment 251,477 422,441 2,028,040
Total assets ¥663,957 ¥870,555 $5,354,492
Current liabilities ¥296,864 ¥362,081 $2,394,065
Long-term liabilities 71,908 141,824 579,903
Shareholders’ equity 295,185 366,650 2,380,524
Total liabilities and shareholders’ equity ¥663,957 ¥870,555 $5,354,492
Thousands of
Millions of yen U.S. dollars
Years ended March 31 2001 2000 2001
Sales ¥688,527 ¥749,582 $5,552,637
Net income ¥ 18,636 ¥ 13,854 $ 150,290
6.
Inventories
7.
Investments
in Affiliated
Companies