Toshiba 2003 Annual Report Download - page 46

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Millions of yen
Total principal amount of receivables Amount 90 days or more past due Net credit losses
March 31, Year ended March 31,
2003 2002 2003 2002 2003 2002
Accounts receivables ¥1,105,353 ¥1,106,036 ¥23,047 ¥23,090 ¥3,928 ¥3,874
Note receivables 213,105 199,176 18 16 301 382
Lease receivables 340,683 352,523 1,290 1,104 ——
Other finance receivables 359,590 350,558 6,105 5,574 ——
Total managed portfolio ¥2,018,731 ¥2,008,293 ¥30,460 ¥29,784 ¥4,229 ¥4,256
Securitized receivables (449,711) (376,873)
Total receivables ¥1,569,020 ¥1,631,420
Thousands of U.S. dollars
Total principal amount of receivables Amount 90 days or more past due Net credit losses
March 31, 2003 Year ended March 31, 2003
Accounts receivables $ 9,211,275 $192,058 $32,734
Note receivables 1,775,875 150 2,508
Lease receivables 2,839,025 10,750 —
Other finance receivables 2,996,584 50,875 —
Total managed portfolio $16,822,759 $253,833 $35,242
Securitized receivables (3,747,592)
Total receivables $13,075,167
Inventories comprise the following: Thousands of
Millions of yen U.S. dollars
March 31 2003 2002 2003
Finished products ¥256,299 ¥280,178 $2,135,825
Work in process:
Long-term contracts 90,387 128,486 753,225
Other 175,431 163,782 1,461,925
Raw materials 107,542 120,904 896,183
¥629,659 ¥693,350 $5,247,158
The Company’s significant investments in affiliated companies accounted for by the equity method together with the
percentage of the Company’s ownership of voting shares at March 31, 2003 are: TM T&D Corporation (“TM
T&D”) (50.0%); MT Picture Display Co., Ltd. (“MTPD”) (35.5%); Topcon Corporation (41.9%); Toshiba Ceramics Co.,
Ltd. (41.4%); Toshiba Machine Co., Ltd. (47.7%); and Toshiba Tungaloy Co., Ltd. (38.3%). Of the affiliates which are
accounted for by the equity method, the investment in common stock of the listed companies (five companies) is
carried at ¥59,974 million ($499,783 thousand) and ¥60,174 million at March 31, 2003 and 2002, respectively. The
Company’s investments in these companies had a market value of ¥49,022 million ($408,517 thousand) and
¥58,330 million at March 31, 2003 and 2002, respectively, based on quoted market prices at those dates.
Summarized financial information of the affiliates accounted for by the equity method is shown below:
Thousands of
Millions of yen U.S. dollars
March 31 2003 2002 2003
Current assets ¥ 689,175 ¥450,226 $5,743,125
Other assets including property, plant
and equipment 409,779 262,323 3,414,825
Total assets ¥1,098,954 ¥712,549 $9,157,950
Current liabilities ¥ 490,717 ¥323,950 $4,089,309
Long-term liabilities 100,369 66,072 836,408
Shareholders’ equity 507,868 322,527 4,232,233
Total liabilities and shareholders’ equity ¥1,098,954 ¥712,549 $9,157,950
Thousands of
Millions of yen U.S. dollars
Year ended March 31 2003 2002 2003
Sales ¥770,347 ¥614,580 $6,419,558
Net income (loss) ¥ (3,580) ¥ 11,002 $ (29,833)
44 TOSHIBA CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
6.
INVENTORIES
7.
INVESTMENTS IN
AND ADVANCES
TO AFFILIATES
ｱﾆﾚﾎﾟp34-55(英)6.18 03.6.25 5:41 PM ページ 44