| Finance receivables |
Finance receivables consist of the following:
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| |
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| |
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| |
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| Retail |
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|
25,489,945 |
|
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|
27,638,021 |
|
| Finance leases |
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|
3,143,424 |
|
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|
3,437,970 |
|
| Wholesale and other dealer loans |
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|
5,005,766 |
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4,902,537 |
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| Total |
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|
33,639,135 |
|
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|
35,978,528 |
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| Deferred origination costs |
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|
439,613 |
|
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|
446,538 |
|
| Less - Unearned income |
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|
(1,970,115 |
) |
|
|
(2,349,215 |
) |
| Less - Allowance for credit losses |
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| Retail |
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|
(336,152 |
) |
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|
(356,304 |
) |
| Finance leases |
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|
(46,909 |
) |
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|
(56,721 |
) |
| Wholesale and other dealer loans |
|
|
(31,213 |
) |
|
|
(37,791 |
) |
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| Total finance receivables, net |
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|
31,694,359 |
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|
33,625,035 |
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| Current assets |
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11,057,269 |
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11,453,249 |
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| |
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20,637,090 |
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22,171,786 |
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| Total finance receivables, net |
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|
31,694,359 |
|
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|
33,625,035 |
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| Finance receivables were geographically distributed as follows:
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| North America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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|
57.1 |
% |
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|
53.9 |
% |
| Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . |
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|
14.5 |
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15.0 |
|
| Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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11.3 |
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|
11.7 |
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| Japan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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6.2 |
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8.9 |
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| Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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10.9 |
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10.5 |
| Finance receivables are classified as financial assets measured at amortized cost. The contractual maturity of retail receivables, future lease payments to be received for finance leases, and of wholesale receivables and other dealer loans are as follows:
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| Within 1 year |
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7,063,873 |
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|
961,583 |
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3,587,124 |
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| Between 1 and 2 years |
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5,791,490 |
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|
673,115 |
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|
441,004 |
|
| Between 2 and 3 years |
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|
5,034,539 |
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|
505,715 |
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|
223,112 |
|
| Between 3 and 4 years |
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|
3,864,320 |
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|
265,727 |
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185,210 |
|
| Between 4 and 5 years |
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2,334,787 |
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|
96,648 |
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|
142,215 |
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| Later than 5 years |
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1,400,936 |
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17,703 |
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427,100 |
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| Total |
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|
25,489,945 |
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|
2,520,492 |
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|
5,005,766 |
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Within 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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7,518,918 |
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1,041,282 |
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3,617,276 |
|
Between 1 and 2 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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6,317,972 |
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|
745,842 |
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|
367,663 |
|
Between 2 and 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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5,500,349 |
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|
576,552 |
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|
231,623 |
|
Between 3 and 4 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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|
4,265,070 |
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|
320,721 |
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|
162,658 |
|
Between 4 and 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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|
2,623,094 |
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|
101,389 |
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119,871 |
|
Later than 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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1,412,619 |
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28,371 |
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403,444 |
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Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
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27,638,021 |
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2,814,157 |
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4,902,537 |
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| Finance leases receivables consist of the following:
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| |
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Lease payments |
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|
2,520,492 |
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|
2,814,157 |
|
Estimated unguaranteed residual values |
|
|
622,932 |
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|
623,812 |
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Total |
|
|
3,143,424 |
|
|
|
3,437,970 |
|
|
|
|
|
|
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|
Deferred origination costs |
|
|
20,999 |
|
|
|
25,342 |
|
Less - Unearned income |
|
|
(320,223 |
) |
|
|
(372,987 |
) |
Less - Allowance for credit losses |
|
|
(46,909 |
) |
|
|
(56,721 |
) |
|
|
|
|
|
|
|
|
|
Finance leases receivables, net |
|
|
2,797,291 |
|
|
|
3,033,603 |
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