SMFG Notes to Consolidated Financial Statements (b) Lessor side (b) Lessor side Future lease payments receivable on operating leases which were not cancelable amounting to ¥0 million ($0 million) on the lessor  side were pledged as collateral for borrowings. Future minimum lease payments on operating leases which were not cancelable at March 31, 2011 and 2010 were as follows: Future minimum lease payments on operating leases which were not cancelable at March 31, 2011 and 2010 were as follows: (2) Operating  leases (a) Lessee side (iii) Non-transfer ownership finance leases, which commenced in fiscal years beginning before April 1, 2008, are valued at their  appropriate book value, net of accumulated depreciation, as of March 31, 2008, and recorded as the beginning balance of fiscal 2008  of “Lease receivables and investment assets.” Moreover, interest on such non-transfer ownership finance leases during the remaining  term of the leases is allocated over the lease term using the straight-line method. As a result of this accounting treatment, “Income  before income taxes and minority interests” for the fiscal year ended March 31, 2011 was ¥10,115 million ($122 million) more than  it would have been if such transactions had been treated in a similar way to sales of the underlying assets. Lease payments receivable related to investment assets (ii) The scheduled collections of lease receivables and investment assets are as follows: Lease payments receivable related to lease receivables Millions of yen Millions of  U.S. dollars March 31 2011 2010 2011 Lease receivables ................................................................................... ¥1,241,757  ¥1,343,868 $14,934 Residual value ...................................................................................... 95,359  103,095 1,147  Unearned interest income ..................................................................... (206,317) (233,640) (2,481) Total ..................................................................................................... ¥1,130,799  ¥1,213,323 $13,600 Millions of yen Millions of  U.S. dollars March 31 2011 2010 2011 Within 1 year ....................................................................................... ¥230,050  ¥242,087 $2,767 More than 1 year to 2 years ................................................................... 160,632  173,269 1,932  More than 2 years to 3 years ................................................................. 111,555  109,219 1,341 More than 3 years to 4 years ................................................................. 53,371  75,511 642  More than 4 years to 5 years ................................................................. 40,555  32,981 488  More than 5 years ................................................................................. 84,682  73,660 1,018  Total ..................................................................................................... ¥680,846  ¥706,728 $8,188 Millions of yen Millions of  U.S. dollars March 31 2011 2010 2011 Within 1 year ....................................................................................... ¥ 389,029 ¥ 407,746 $ 4,679 More than 1 year to 2 years ................................................................... 288,064  306,937 3,464  More than 2 years to 3 years ................................................................. 210,604  220,648 2,533  More than 3 years to 4 years ................................................................. 129,630  152,399 1,559  More than 4 years to 5 years ................................................................. 77,517  79,417 932  More than 5 years ................................................................................. 146,911  176,720 1,767  Total ..................................................................................................... ¥1,241,757  ¥1,343,868 $14,934 Millions of yen Millions of  U.S. dollars March 31 2011 2010 2011 Due within 1 year ................................................................................. ¥ 34,804 ¥17,153 $ 418 Due after 1 year .................................................................................... 267,049  69,742 3,212  Total ..................................................................................................... ¥301,854  ¥86,895 $3,630 Millions of yen Millions of  U.S. dollars March 31 2011 2010 2011 Due within 1 year ................................................................................. ¥ 36,995 ¥ 23,585 $ 445 Due after 1 year .................................................................................... 156,549  122,599 1,883  Total ..................................................................................................... ¥193,545  ¥146,185 $2,328 SMFG  2011 97 (i) Breakdown of lease investment assets