Document DD0BB648QMz8m79B87YDxXrJQ

Dana Corporation Page 158 of 176 Table of Contents DANA CORPORATION AND CONSOLIDATED SUBSIDIARIES SCHEDULE 11(b) -- VALUATION AND QUALIFYING ACCOUNTS AND RESERVES ALLOWANCE FOR CREDIT LOSSES -- LEASE FINANCING Balance at beginning of period Amounts charged (credited) to income(l) Amounts "written off' net of recoveries Adjustments arising from change in currency Balance at exchange rates end of and other items(l) period Year ended -- December 31, 2001 December 31, 2002 December 31, 2003 $42,696,000 31,214,000 33,961,000 $(10,324,000) 3,739,000 126,000 $(1,151,000) (1,044,000) (8,017,000) $(7,000) 52,000 49,000 $31,214,000 33,961,000 26,119,000 (1) During 2001, the factors used to estimate future credit losses related to lease financing receivables were refined to more accurately reflect the past history of credit losses and the inherent risks of the portfolio. The allowance for credit losses was reduced as a result of the refinement, resulting in a net credit provision for credit losses on lease financing receivables for the year ended December 31, 2001. 84 http://www.sec.gov/Archives/edgar/data/26780/000095015204001384/105571ael0vk.htm 8/1/2004