Annual Report 2009 - Toyota Financial Services
Annual Report 2009 - Toyota Financial Services Annual Report 2009 - Toyota Financial Services
Toyota Financial Services Czech s.r.o.11. ACCRUALS AND DEFERRALS31 March 2009 31 March 2008CZK’000CZK’000Accrued expenses 3,207 3,497Accrued revenues on related party grants (subsidies)(see Note 15) 718 1,636Accrued revenues from other subsidies 257 446Accrued extraordinary lease instalments 87,652 152,350Other accrued revenues 33 6,327Total accruals and deferrals 91,867 158,561In connection with legislative adjustments in the Value Added Tax after 1 May 2004 and the relating change in contractualconditions the down payments settled by lessees at the commencement of the lease contract are considered to be extraordinarypayments and are recognised on the accrued basis.Down payments in contracts concluded prior to this date were recognised in advances received (note 7).12. REVENUE ANALYSISRevenue from ordinary activities has been generated as follows:2008/09 2007/08CZK’000CZK’000Sales of services provided (finance lease) 302,228 440,885Sales of services provided (operating lease) 139,028 147,586Interest received from customer credits provided to clients 58,287 52,757Proceeds from sale of fixed assets 73,208 96,662Other revenues 26,827 21,061Total revenues from ordinary activities 599,578 758,951Other revenues are recognised in the income statement mainly in other operating income.All revenues have been derived only from domestic activities.46
Annual Report 200913. EMPLOYEE ANALYSISEmployee numbers 2008/09 2007/08Average number of members of management 4 4Average number of staff 13 14Total 17 18The Company’s management comprises the statutory representative (in the employment relation as a Company director) andemployees at managerial positions directly reporting to him.In the year 2008/09 company cars were made available for use by the senior staff members with the total cost of CZK 3,048,000(in 2007/08: CZK 3,048,000).In the business year 2008/09 no remuneration was paid to the Company’s statutory representative acting as the statutory body.No loans have been provided to senior staff members.ManagementOther TotalCZK’000CZK’000 CZK’00031 March 2009Wages and salaries 6,0915,818 11,909Emoluments 641584 1,225Social security costs 1,4592,270 3,729Other social costs 173347 520Total staff costs 8,3649,019 17,38331 March 2008Wages and salaries 5,4005,399 10,799Emoluments 633415 1,048Social security costs 2,1472,046 4,193Other social costs 169347 516Total staff costs 8,3498,207 16,55614. FEES PAID AND PAYABLE TO THE AUDIT COMPANYThe total fees paid and payable for services performed by the audit company PricewaterhouseCoopers Audit, s.r.o. can beanalysed as follows:2008/09CZK’000Statutory audit of financial statements 990Total fees paid and payable to the audit company PricewaterhouseCoopers Audit, s.r.o. 99047
- Page 1 and 2: Annual Report2009Toyota Financial S
- Page 3 and 4: Annual Report 20093
- Page 5 and 6: Annual Report 2009ContentIntroducti
- Page 7 and 8: Annual Report 2009In January 2009,
- Page 9 and 10: Annual Report 20092 0 0 3February 2
- Page 11 and 12: Annual Report 2009❍ the standard
- Page 13 and 14: Annual Report 200910% (a minimum of
- Page 15 and 16: Annual Report 2009The proportion of
- Page 17 and 18: Annual Report 2009depreciation peri
- Page 19 and 20: Annual Report 2009As at 31 March 20
- Page 21 and 22: Annual Report 2009Risk ManagementCr
- Page 23 and 24: Annual Report 200923
- Page 25 and 26: Annual Report 2009Independent Audit
- Page 27 and 28: Annual Report 2009Independent Audit
- Page 29 and 30: Annual Report 200929
- Page 31 and 32: Annual Report 2009INCOME STATEMENT
- Page 33 and 34: Annual Report 2009CASH FLOW STATEME
- Page 35 and 36: Annual Report 20092. ACCOUNTING POL
- Page 37 and 38: Annual Report 20092. ACCOUNTING POL
- Page 39 and 40: Annual Report 20093. INTANGIBLE FIX
- Page 41 and 42: Annual Report 20094. TANGIBLE FIXED
- Page 43 and 44: Annual Report 20096. EQUITYIn accor
- Page 45: Annual Report 200910. TAXATIONThe i
- Page 49 and 50: Annual Report 200916. COMMITMENTSTh
- Page 51 and 52: Annual Report 20094. Relations amon
<strong>Toyota</strong> <strong>Financial</strong> <strong>Services</strong> Czech s.r.o.11. ACCRUALS AND DEFERRALS31 March <strong>2009</strong> 31 March 2008CZK’000CZK’000Accrued expenses 3,207 3,497Accrued revenues on related party grants (subsidies)(see Note 15) 718 1,636Accrued revenues from other subsidies 257 446Accrued extraordinary lease instalments 87,652 152,350Other accrued revenues 33 6,327Total accruals and deferrals 91,867 158,561In connection with legislative adjustments in the Value Added Tax after 1 May 2004 and the relating change in contractualconditions the down payments settled by lessees at the commencement of the lease contract are considered to be extraordinarypayments and are recognised on the accrued basis.Down payments in contracts concluded prior to this date were recognised in advances received (note 7).12. REVENUE ANALYSISRevenue from ordinary activities has been generated as follows:2008/09 2007/08CZK’000CZK’000Sales of services provided (finance lease) 302,228 440,885Sales of services provided (operating lease) 139,028 147,586Interest received from customer credits provided to clients 58,287 52,757Proceeds from sale of fixed assets 73,208 96,662Other revenues 26,827 21,061Total revenues from ordinary activities 599,578 758,951Other revenues are recognised in the income statement mainly in other operating income.All revenues have been derived only from domestic activities.46
Change language