Document 3JyeEogYQ1B50M0wa7Z70mgMO
Dana Corporation
Page 129 of 176
Table of Contents
The components of the net investment in leveraged leases are as follows:
Rentals receivable Residual values Nonrecourse debt service Unearned income Deferred investment tax credit
Less: Deferred taxes arising from leverage leases
December 31
2003
2002
$ 4,310 429
(3,622) (528)
(1)
$ 5,980 778
(5,200) (833)
(1)
588 724 441 466
$ 147 $ 258
The components of the net investment in direct financing leases are as follows:
December 31
2003 2002
Total minimum lease payments Residual values Deferred initial direct costs
$66 $ 98 29 31 12
Less: Unearned income
96 131 26 37
$70 $ 94
Total minimum lease payments receivable on direct financing leases as of December 31, 2003 are as follows:
Year Ended December 31: 2004 2005 2006 2007 2008
Later years
Total minimum lease payments receivable
$12 10 10 10 9 15
$66
Total minimum lease payments receivable on operating leases as of December 31, 2003 were not material.
http://www.sec.gOv/Archives/edgar/data/26780/000095015204001384/105571ael0vk.htm
8/1/2004