Toshiba 2013 Annual Report Download - page 131

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59
TOSHIBA Annual Report 2013
22. LEASES
The Group leases manufacturing equipment, office and warehouse space, and certain other assets under operating
leases.
Rent expenses under such leases for the years ended March 31, 2013 and 2012 were ¥90,660 million ($964,468 thousand)
and ¥115,110 million, respectively.
The Group also leases certain machinery and equipment which are accounted for as capital leases. As of March 31, 2013
and 2012, the costs of machinery and equipment under capital leases were approximately ¥66,990 million ($712,660
thousand) and ¥66,390 million, and the related accumulated amortization were approximately ¥31,680 million ($337,021
thousand) and ¥31,560 million, respectively.
The costs of machinery and equipment under capital leases from affiliates of the Company and the related accumulated
amortization as of March 31, 2013 and 2012 were not significant.
Minimum lease payments for the Group's capital and non-cancelable operating leases as of March 31, 2013 are as
follows:
Millions of yen Thousands of U.S. dollars
Year ending March 31
Capital
leases
Operating
leases
Capital
leases
Operating
leases
2014 ¥ 11,036 ¥ 40,415 $ 117,404 $ 429,947
2015 7,954 23,125 84,617 246,010
2016 5,492 19,554 58,426 208,021
2017 3,820 9,796 40,638 104,213
2018 2,514 6,661 26,745 70,862
Thereafter 25,458 21,452 270,830 228,213
Total minimum lease payments 56,274 ¥ 121,003 598,660 $ 1,287,266
Executory costs (1,963) (20,883)
Amounts representing interest (19,402) (206,405)
Present value of net minimum lease payments 34,909 371,372
Less-current portion (9,611) (102,244)
¥ 25,298 $ 269,128
23. COMMITMENTS AND CONTINGENT LIABILITIES
Commitments for the purchase of property, plant and equipment, and unconditional purchase obligation for license fees
outstanding at March 31, 2013 totaled approximately ¥26,005 million ($276,649 thousand).
As of March 31, 2013, contingent liabilities, other than guarantees disclosed in Note 24, approximated ¥341 million
($3,628 thousand) mainly for recourse obligations related to notes receivable transferred.