Consolidated Balance Sheets
Toyota Industries Corporation
As of March 31, 2001 and 2000

Thousands ofU.S. dollars(Note 1)Millions of yen

2001

2000

95,297¥ 77,332

Trade notes and accounts receivable (Notes 8 and 10)

97,45566,458786,562

Short-term investments (Note 5)

22,6256,020

182,607

Inventories (Note 6)

52,76330,215425,851

Deferred tax assets (Note 15)

8,686

4,556

70,105

Other current assets

25,684

11,096207,296

Less — allowance for doubtful accounts(1,159)(388)(9,354)

Total current assets

301,351

195,289

2,432,211

Buildings and structures (Note 8)

88,85883,772

717,175

Machinery, equipment and vehicles (Notes 8 and 16)

135,406

117,066

1,092,865

Tools, furniture and fixture (Note 16)

14,55013,121

117,433

Land (Note 8)

42,10336,456

339,814

Construction in progress

13,826

8,291

111,591

Total property, plant and equipment

294,743

258,706

2,378,878

Software

1,580

1,523

12,752

Goodwill

86,407–

697,393

Total intangible assets

87,9871,523

710,145

1,145,176

191,2029,242,744

Long-term loans

8,106

14,62265,424Long-term prepaid expenses

5,354

1,576

43,212

Deferred tax assets (Note 15)

1,374

5,311

11,090

Other investments and other assets (Note 14)

25,663

7,044

207,127

(112)

(51)

(904)

1,185,561

219,704

9,568,693

1,568,291

479,933

12,657,716–

10,692–¥1,869,642¥685,914$15,089,927

ASSETS

2001

Current assets:
Cash and cash equivalents (Note 4)

44¥$769,144

TOYOTA INDUSTRIES CORPORATION

Fixed assets:
Property, plant and equipment:

ANNUAL REPORT 2001

Intangible fixed assets:

Investments and other assets:
Investment in securities (Notes 5 and 8)

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

Thousands ofU.S. dollars(Note 1)Millions of yen

LIABILITIES AND SHAREHOLDERS’ EQUITY

2001

2001

2000

Current liabilities:¥ 103,444¥ 78,113

Short-term bank loans (Note 8)

23,193

10,299187,191

Other payables

17,114

10,579138,128

Accrued expenses

32,22019,594260,048

Accrued income taxes

12,364

8,021

99,790

Deposits received from employees

18,03017,841

145,521

Other current liabilities (Note 8)

7,235

1,436

58,394

Trade notes and accounts payable (Note 10)$834,899

45
1,723,971

Long-term debt (Notes 7 and 8)

268,495

181,072

2,167,030

Deferred tax liabilities (Note 15)

387,548

2,042

3,127,910

Allowance for retirement benefits (Note 14)

25,534

18,815

206,086–

103–

Other long-term liabilities

5,041

1,387

40,685

Total long-term liabilities

686,618

203,419

5,541,711

Total liabilities

900,218

349,3027,265,682

Minority interest in consolidated subsidiaries

18,126

20,319146,295

Long-term liabilities:

Negative goodwill

Shareholders’ equity (Note 11):
Common stock, par value ¥50:
Authorized — 1,091,245,000 shares—

313,296,225 shares in 2001

68,019–548,983—

283,296,225 shares in 2000–

40,178–

Capital surplus

88,51360,673

714,391

Retained earnings

233,368

215,463

1,883,519

Net unrealized gains on other securities

558,673–

4,509,064

Translation adjustments

2,746–22,162

Treasury stock at cost

(21)

(21)

(169)

951,298

316,293

7,677,950¥1,869,642¥685,914$15,089,927

IssuedTotal shareholders’ equity
Total liabilities and shareholders’ equity

ANNUAL REPORT 2001

145,883

TOYOTA INDUSTRIES CORPORATION

213,600

Total current liabilities