Toshiba 2009 Annual Report Download - page 85

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33
Thousands of U.S. dollars
Total principal amount Amount 90 days
of receivables or more past due Net credit losses
M arch 31, 2009 Year ended M arch 31, 2009
Accounts receivable $12,238,571 $228,694 $45,449
Notes receivable 1,403,827 367 4,959
Total managed portfolio 13,642,398 $229,061 $50,408
Securitized receivables (2,350,122)
Total receivables $11,292,276
8. INVENTORIES
Inventories consist of the following:
Thousands of
M illions of yen U.S. dollars
M arch 31 2009 2008 2009
Finished products ¥263,498 ¥306,601 $2,688,755
Work in process:
Long-term contracts 93,922 94,251 958,388
Other 253,037 274,739 2,582,010
Raw materials 147,848 175,861 1,508,653
¥758,305 ¥851,452 $7,737,806
9. INVESTMENTS IN AND ADVANCES TO AFFILIATES
The Company’s significant investments in affiliated companies accounted for by the equity method together with the per-
centage of the Company’s ownership of voting shares at March 31, 2009 were: Topcon Corporation (35.5%); Toshiba
Machine Co., Ltd. (22.1%); Toshiba Finance Corporation (“TFC”) (35.0%); Toshiba Mitsubishi-Electric Industrial Systems
Corporation (50.0%); and Semp Toshiba Amazonas S.A. (40.0%).
Of the affiliates which were accounted for by the equity method, the investments in common stock of the listed companies
were carried at ¥36,779 million ($375,296 thousand) and ¥48,596 million at March 31, 2009 (4 companies) and 2008 (5 com-
panies), respectively. The Company’s investments in these companies had market values of ¥29,843 million ($304,520 thou-
sand) and ¥60,357 million at March 31, 2009 and 2008, 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
M illions of yen U.S. dollars
M arch 31 2009 2008 2009
Current assets ¥1,215,888 ¥1,288,502 $12,407,020
Other assets including property, plant and equipment 1,184,261 1,077,066 12,084,296
Total assets ¥2,400,149 ¥2,365,568 $24,491,316
Current liabilities ¥1,038,800 ¥1,181,753 $10,600,000
Long-term liabilities 769,043 575,440 7,847,377
Shareholders’ equity 592,306 608,375 6,043,939
Total liabilities and shareholders’ equity ¥2,400,149 ¥2,365,568 $24,491,316
Thousands of
M illions of yen U.S. dollars
Year ended M arch 31 2009 2008 2009
Sales ¥2,039,742 ¥2,220,466 $20,813,694
Net income 33,155 71,407 338,316