Other assets and other liabilities

12 Months Ended

Mar. 31, 2024

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Other assets and other liabilities

19. Other assets and other liabilities

(1) Other assets

Components of other assets as of March 31, 2023 and 2024 are as follows:

	Yen in millions
	March 31
	2023 Restated		2024
Advance payments and prepaid expenses		481,080		606,389
Income taxes receivable and other taxes receivable		243,569		253,267
Insurance contract assets		60,751		56,975
Other		197,302		266,109
Total		982,702		1,182,740
Current assets		563,334		669,335
Non-current assets		419,368		513,405

(2) Other liabilities

Components of other liabilities as of March 31, 2023 and 2024 are as follows:

	Yen in millions
	March 31
	2023 Restated		2024
Contract liabilities		508,454		534,432
Accrued short-term employee benefits		394,948		477,737
Refund liabilities		197,836		218,465
Taxes payable other than income taxes		185,230		167,244
Accrued expenses		171,345		244,784
Insurance contract liabilities		145,057		162,344
Other long-term employee benefit obligations		64,684		91,251
Product warranties		26,167		24,753
Other		127,252		147,765
Total		1,820,973		2,068,775
Current liabilities		1,693,380		1,906,396
Non-current liabilities		127,593		162,379

The changes in product warranties for the fiscal year ended March 31, 2024 are as follows:

	Yen in millions
	Fiscal year ended March 31
	2024
Balance at beginning of the fiscal year		26,167
Additional product warranties		21,824
Amounts used during the year		(20,469	)
Unused amounts reversed during the year		(5,238	)
Translation adjustment		2,469
Balance at end of the fiscal year		24,753