Consolidated Balance Sheets
Toyota Industries Corporation
As of March 31, 2002 and 2001

Thousands ofU.S. dollars (Note 1)

Millions of yen

ASSETS

2002

2001

2002

Current assets:
Cash and cash equivalents (Note 4)¥

Trade notes and accounts receivable (Notes 8 and 10)

71,120¥95,297$533,734

107,82197,455

Short-term investments (Note 5)

7,979

22,62559,880Inventories (Note 6)

70,511

52,763529,163

Deferred tax assets (Note 15)

10,081

8,686

75,655

Other current assets

29,731

25,684

223,122

Less — allowance for doubtful accounts(1,917)(1,159)(14,387)

295,326

301,351

2,216,330

Buildings and structures (Note 8)

102,659

88,858770,424

Total current assets

809,163

Fixed assets:
Property, plant and equipment:
Machinery, equipment and vehicles (Notes 8 and 16)

149,259

135,406

1,120,143

Tools, furniture and fixtures (Note 16)

15,483

14,550116,195

Land (Note 8)

46,55042,103349,343

Construction in progress

23,692

13,826

177,801

Total property, plant and equipment

337,643294,7432,533,906

Intangible assets:
Software

6,347

1,580

47,633

Goodwill

88,52886,407664,375

Total intangible assets

94,87587,987712,008

Investments in securities (Notes 5 and 8)

986,355

1,145,176

7,402,289

Long-term loans

11,5338,106

86,552Long-term prepaid expenses

11,927

5,354

89,508Deferred tax assets (Note 15)

2,237

1,374

16,788Other investments and other assets (Note 14)

30,621

25,663229,801

(116)

(112)

(871)

1,042,557

1,185,561

7,824,067

Investments and other assets:

Less — allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets
The accompanying notes are an integral part of these financial statements.

52TOYOTA INDUSTRIES CORPORATIONANNUAL REPORT 2002

1,475,075

1,568,291

11,069,981¥1,770,401¥1,869,642$13,286,311

Thousands ofU.S. dollars (Note 1)

Millions of yen

LIABILITIES AND SHAREHOLDERS’ EQUITY

2002

2001

2002

¥ 111,251¥ 103,444

Short-term bank loans (Note 8)

33,371

23,193

250,439

Other payables

21,662

17,114

162,567

Accrued expenses

36,32732,220272,623

Accrued income taxes

8,611

12,36464,623

Deposits received from employees

18,54818,030139,197

Current liabilities:
Trade notes and accounts payable (Note 10)$834,904

Deferred tax liabilities (Note 15)

494

15

3,707

Other current liabilities (Note 8)

6,375

7,220

47,842

236,639

213,600

1,775,902

Long-term debt (Notes 7 and 8)

281,983

268,495

2,116,195

Deferred tax liabilities (Note 15)

315,978

387,548

2,371,318

Allowance for retirement benefits (Note 14)

28,84025,534

216,435

Other long-term liabilities

9,293

5,041

69,741

Total long-term liabilities

636,094

686,618

4,773,689

Total liabilities

872,733

900,218

6,549,591

Minority interest in consolidated subsidiaries

18,85618,126

141,508

68,02268,019510,484

Capital surplus

89,32788,513670,372

Retained earnings

253,975

233,368

1,906,004

Total current liabilities
Long-term liabilities:

Shareholders’ equity (Note 11):
Common stock, par value ¥50:
Authorized — 1,091,245,000 shares
Issued— 313,299,249 shares in 2002 and 313,296,225 shares in 2001

Net unrealized gains on other securities

456,415558,673

3,425,253

Foreign currency translation adjustments

12,361

2,746

92,765

Treasury stock at cost (Note 20) — 503,091 shares in 2002 and 36,093 shares in 2001

(1,288)(21)(9,666)

Total shareholders’ equity
Total liabilities and shareholders’ equity

878,812951,298

6,595,212¥1,770,401¥1,869,642$13,286,311

TOYOTA INDUSTRIES CORPORATIONANNUAL REPORT 2002

53