Toshiba 2002 Annual Report Download - page 44

U.S. dollar amounts are included solely for convenience. These translations should not be construed as a repre-
sentation that the yen could be converted into U.S. dollars at this rate or any other rates. The amounts shown in
U.S. dollars are not intended to be computed in accordance with generally accepted accounting principles in the
United States for the translation of foreign currency amounts. The rate of ¥120 = U.S.$1, the approximate current
rate of exchange at March 31, 2003, has been used throughout for the purpose of presentation of the U.S. dollar
amounts in the accompanying consolidated financial statements.
The aggregate cost, gross unrealized holding gains and losses, and aggregate fair value for marketable equity secu-
rities and debt securities classified as available-for-sale securities by security type at March 31, 2003 and 2002 are
as follows:
Millions of yen
Gross Gross
unrealized unrealized
Cost holding gains holding losses Fair value
March 31, 2003:
Equity securities ¥75,830 ¥ 36,896 ¥ 6,985 ¥105,741
Debt securities 1,994 3 32 1,965
¥77,824 ¥ 36,899 ¥ 7,017 ¥107,706
March 31, 2002:
Equity securities ¥84,601 ¥ 50,952 ¥ 6,553 ¥129,000
Debt securities 2,365 — 9 2,356
¥86,966 ¥ 50,952 ¥ 6,562 ¥131,356
Thousands of U.S. dollars
Gross Gross
unrealized unrealized
Cost holding gains holding losses Fair value
March 31, 2003:
Equity securities $631,916 $307,467 $58,208 $881,175
Debt securities 16,617 25 267 16,375
$648,533 $307,492 $58,475 $897,550
At March 31, 2003, debt securities mainly consist of corporate debt securities.
Contractual maturities of debt securities classified as available-for-sale were as follows at March 31, 2003:
Millions of yen Thousands of U.S. dollars
Cost Fair value Cost Fair value
Due within one year ¥ 25 ¥ 28 $ 208 $ 233
Due after one year 1,969 1,937 16,409 16,142
¥ 1,994 ¥ 1,965 $16,617 $ 16,375
The proceeds from sales of available-for-sale securities for the years ended March 31, 2003 and 2002 were ¥13,897
million ($115,808 thousand) and ¥29,714 million, respectively. The gross realized gains on those sales for the years
ended March 31, 2003 and 2002 were ¥3,347 million ($27,892 thousand) and ¥9,474 million, respectively. The gross
realized losses on those sales for the years ended March 31, 2003 and 2002 were ¥934 million ($7,783 thousand)
and ¥644 million, respectively.
Included in other expense is a charge of ¥21,292 million ($177,433 thousand) and ¥27,572 million related to other-
than-temporary declines in the marketable and non-marketable equity securities for the years ended March 31, 2003
and 2002 respectively.
Investment in financing leases consists of sales-type and direct financing leases mainly for information systems,
medical equipment, industrial equipment and others.
Other finance receivables represent transactions in a variety of forms, including commercial loans, and installment
sales of consumer products manufactured by the Company.
Finance receivables comprise the following: Thousands of
Millions of yen U.S. dollars
March 31 2003 2002 2003
Investment in financing leases:
Total minimum lease payments receivable ¥231,871 ¥286,019 $1,932,258
Estimated executory costs (4,256) (10,471) (35,467)
Unearned income (11,214) (11,771) (93,450)
Estimated residual values —2,417 —
216,401 266,194 1,803,341
42 TOSHIBA CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
3.
U.S. DOLLAR
AMOUNTS
4.
MARKETABLE
SECURITIES AND
OTHER
INVESTMENTS
5.
FINANCE
RECEIVABLES AND
SECURITIZATIONS
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