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52
Thousands of
Millions of yen U.S. dollars
Years ended March 31 2004 2003 2004
Proceeds from new securitizations ¥1,1 80,141 ¥1,068,072 $11,133,406
Servicing fees received 521 458 4,915
Cash flows received on retained interests 44,212 83,240 417,094
Purchases of delinquent and foreclosed receivables 172 16 1,623
At March 31, 2004, the assumed weighted-average life and residual cash flow discount rate used to compute the fair
value of retained interests were 0.15 years and 1.30%, respectively.
Quantitative information about delinquencies, net credit losses, and components of securitized receivables as of and
for the years ended March 31, 2004 and 2003 are as follows:
Millions of yen
Total principal amount of receivables Amount 90 days or more past due
Net credit losses
March 3 1, Years ended March 31,
2004 20 03 20 04 2003 2 004 2003
Accounts receivable ¥1,1 26,809 ¥1,105,353 ¥ 23,162 ¥23,047 ¥5,196 ¥3,928
Notes receivable 186,067 213,105 6 1 18 271 301
Lease receivables 35,074 340,683 —1,290 ——
Other finance receivables 12,0 84 359,590 —6,105 ——
Total managed portfolio 1,360,034 2,018,731 ¥23,223 ¥30,460 ¥5,467 ¥4,229
Securitized receivables (227,228) (449,711)
Total receivables ¥1,132 ,806 ¥1,569,020
Thousands of U.S. dollars
Total principal amount of receivables Amount 90 days or more past due
Net credit losses
March 3 1, 20 04 Year ended March 31, 20 0 4
Accounts receivable $10,630,2 74 $2 18,509 $49,019
Notes receivable 1,755,349 576 2,556
Lease receivables 330,887 — —
Other finance receivables 113,999 — —
Total managed portfolio 12,8 30,509 $219,085 $51,57 5
Securitized receivables (2,143,660)
Total receivables $10,686,849
6. INVENTORIES
Inventories comprise the following:
Thousands of
Millions of yen U.S. dollars
March 3 1 2004 2003 2004
Finished products ¥270,56 9 ¥256,299 $2,5 52,538
Work in process:
Long-term contracts 85,857 90,387 809,972
Other 1 64,933 175,431 1,55 5,971
Raw materials 107,685 107,542 1 ,015,896
¥629,04 4 ¥629,659 $5,9 34,377