Toyota Motor Corp., balance sheet: property, plant and equipment

US$ in millions, translated from JPY ￥

	Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011	Mar 31, 2010
Land	11,294)	12,760)	13,845)	15,127)	14,884)	13,557)
Buildings	35,702)	39,555)	41,146)	44,542)	43,723)	39,703)
Machinery and equipment	91,242)	100,809)	103,188)	110,651)	107,605)	99,946)
Vehicles and equipment on operating leases	43,348)	36,022)	32,264)	31,334)	29,969)	28,087)
Construction in progress	4,847)	2,783)	3,096)	3,350)	3,594)	2,431)
Property, plant and equipment, at cost	186,432)	191,928)	193,539)	205,004)	199,776)	183,725)
Accumulated depreciation	(108,942)	(117,727)	(120,777)	(129,139)	(123,899)	(111,596)
Property, plant and equipment, net	77,490)	74,202)	72,762)	75,865)	75,877)	72,129)

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Item	Description	The company
Property, plant and equipment, at cost	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Toyota Motor Corp. property, plant and equipment, at cost decreased from 2013 to 2014 and from 2014 to 2015.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Toyota Motor Corp. property, plant and equipment, net increased from 2013 to 2014 and from 2014 to 2015.

Toyota Motor Corp., asset age ratios

		Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011	Mar 31, 2010
	Average age ratio	62.20%	65.71%	67.21%	68.01%	67.01%	65.58%

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Toyota Motor Corp. average age ratio of depreciable property, plant and equipment improved from 2013 to 2014 and from 2014 to 2015.

	Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011	Mar 31, 2010
Selected Financial Data (US$ in millions, translated from JPY ￥)
Accumulated depreciation	108,942)	117,727)	120,777)	129,139)	123,899)	111,596)
Property, plant and equipment, at cost	186,432)	191,928)	193,539)	205,004)	199,776)	183,725)
Land	11,294)	12,760)	13,845)	15,127)	14,884)	13,557)
Asset Age Ratio
Average age¹	62.20%	65.71%	67.21%	68.01%	67.01%	65.58%

2015 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, at cost – Land)
= 100 × 108,942 ÷ (186,432 – 11,294) = 62.20%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Toyota Motor Corp. average age ratio of depreciable property, plant and equipment improved from 2013 to 2014 and from 2014 to 2015.

Toyota Motor Corp. (NYSE:TM)

Analysis of Property, Plant and Equipment