NOTES TO CONSOLIDATED FINANCIAL  STATEMENTS 44 TOSHIBA CORPORATION Millions of yen Total principal amount of receivables Amount 90 days or more past due Net credit losses March 31, Year ended March 31, 2003 2002 2003 2002 2003 2002 Accounts receivables ¥1,105,353 ¥1,106,036 ¥23,047 ¥23,090 ¥3,928 ¥3,874 Note receivables 213,105 199,176 18 16 301 382 Lease receivables 340,683 352,523 1,290 1,104 — — Other finance receivables 359,590 350,558 6,105 5,574 — — Total managed portfolio ¥2,018,731 ¥2,008,293 ¥30,460 ¥29,784 ¥4,229 ¥4,256 Securitized receivables (449,711) (376,873) Total receivables ¥1,569,020 ¥1,631,420 Thousands of U.S. dollars Total principal amount of receivables Amount 90 days or more past due Net credit losses March 31, 2003 Year ended March 31, 2003 Accounts receivables $ 9,211,275 $192,058 $32,734 Note receivables 1,775,875 150 2,508 Lease receivables 2,839,025 10,750 — Other finance receivables 2,996,584 50,875 — Total managed portfolio $16,822,759 $253,833 $35,242 Securitized receivables (3,747,592) Total receivables $13,075,167 6.  INVENTORIES 7. INVESTMENTS IN AND ADVANCES TO AFFILIATES Thousands of Millions of yen U.S. dollars March 31 2003 2002 2003 Finished products ¥256,299 ¥280,178 $2,135,825 Work in process: Long-term contracts 90,387 128,486 753,225 Other 175,431 163,782 1,461,92 5 Raw materials 107,542 120,904 896,183 ¥629,659 ¥693,350 $5,247,158 Inventories comprise the following: The Company’s significant investments in affiliated companies accounted for by the equity method together with the percentage of the Company’s ownership of voting shares at March 31, 2003 are: TM T&D Corporation (“TM T&D”) (50.0%); MT Picture Display Co., Ltd. (“MTPD”) (35.5%); Topcon Corporation (41.9%); Toshiba Ceramics Co., Ltd. (41.4%); Toshiba Machine Co., Ltd. (47.7%); and Toshiba Tungaloy Co., Ltd. (38.3%). Of the affiliates which are accounted for by the equity method, the investment in common stock of the listed companies (five companies) is carried at ¥59,974 million ($499,783 thousand) and ¥60,174 million at March 31, 2003 and 2002, respectively. The Company’s investments in these companies had a market value of ¥49,022 million ($408,517 thousand) and ¥58,330 million at March 31, 2003 and 2002, respectively, based on quoted market prices at those dates. Summarized financial information of the affiliates accounted for by the equity method is shown below: Thousands of Millions of yen U.S. dollars March 31 2003 2002 2003 Current assets ¥ 689,175 ¥450,226 $5,743,125 Other assets including property, plant  and equipment 409,779 262,323 3,414,825 Total assets ¥1,098,954 ¥712,549 $9,157,950 Current liabilities ¥ 490,717 ¥323,950 $4,089,309 Long-term liabilities 100,369 66,072  836,408 Shareholders’ equity 507,868 322,527  4,232,233 Total liabilities and shareholders’ equity ¥ 1,098,954 ¥712,549 $9,157,950 Thousands of Millions of yen U.S. dollars Year ended March 31 2003 2002 2003 Sales ¥770,347 ¥614,580 $6,419,558 Net income (loss) ¥ (3,580) ¥ 11,002 $ (29,833)