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Investment in Operating Leases | 12 Months Ended
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Mar. 31, 2011
Investment in Operating Leases | 6. Investment in Operating Leases Investment in operating leases at March 31, 2010 and 2011 consists of the following:
|  | Millions of yen |  |  | Millions of U.S. dollars |
|  | 2010 |  |  | 2011 |  |  | 2011 |
Transportation equipment |  | ¥ | 580,009 |  |  | ¥ | 624,958 |  |  | $ | 7,516 |
Measuring and information-related equipment |  |  | 170,047 |  |  |  | 176,304 |  |  |  | 2,120 |
Real estate |  |  | 826,398 |  |  |  | 836,953 |  |  |  | 10,066 |
Other |  |  | 19,267 |  |  |  | 19,152 |  |  |  | 230 |
|  |  | 1,595,721 |  |  |  | 1,657,367 |  |  |  | 19,932 |
Accumulated depreciation |  |  | (399,747 | ) |  |  | (402,697 | ) |  |  | (4,843 | )
Net |  |  | 1,195,974 |  |  |  | 1,254,670 |  |  |  | 15,089 |
Accrued rental receivables |  |  | 17,249 |  |  |  | 15,625 |  |  |  | 188 |
|  | ¥ | 1,213,223 |  |  | ¥ | 1,270,295 |  |  | $ | 15,277 |
Gains and losses from the disposition of real estate under operating leases are disclosed separately as gains on sales of real estate under operating leases or income from discontinued operations, net in the accompanying consolidated statements of income. For fiscal 2009, 2010 and 2011, gains on sales of operating lease assets other than real estate are ¥11,426 million, ¥7,552 million and ¥9,968 million ($120 million), respectively, and are included in operating lease revenues. Costs of operating leases include depreciation and various expenses (insurance, property tax and other). Depreciation and various expenses for fiscal 2009, 2010 and 2011 are as follows:
|  | Millions of yen |  |  | Millions of U.S. dollars |
|  | 2009 |  |  | 2010 |  |  | 2011 |  |  | 2011 |
Depreciation expenses |  | ¥ | 140,431 |  |  | ¥ | 138,165 |  |  | ¥ | 135,712 |  |  | $ | 1,632 |
Various expenses |  |  | 52,506 |  |  |  | 53,008 |  |  |  | 52,959 |  |  |  | 637 |
|  | ¥ | 192,937 |  |  | ¥ | 191,173 |  |  | ¥ | 188,671 |  |  | $ | 2,269 |
The operating lease contracts include non-cancelable lease terms that range up to 20 years. The minimum future rentals on non-cancelable operating leases are as follows:
Years ending March 31, |  | Millions of yen |  |  | Millions of U.S. dollars |
2012 |  | ¥ | 144,758 |  |  | $ | 1,741 |
2013 |  |  | 95,032 |  |  |  | 1,143 |
2014 |  |  | 63,187 |  |  |  | 760 |
2015 |  |  | 40,238 |  |  |  | 484 |
2016 |  |  | 24,628 |  |  |  | 296 |
Thereafter |  |  | 55,180 |  |  |  | 663 |
Total |  | ¥ | 423,023 |  |  | $ | 5,087 |

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- Definition Provide a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 13 -Paragraph 23 -Subparagraph c + Details
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