As part of our philosophy to deliver imaging solutions, we can offer a wide range of financial services to go with our imaging products. These services range from straightforward leasing contracts to full fledge, customer tailored, 10+ years' asset management and procurement schedules. Many of these services are offered in close co-operation with global, European or local partners.
An example
PPP, Public Private Partnerships, are popular in several Asian countries, including Japan, the Americas and several European countries such as Italy, Scandinavia and the United Kingdom.
Several years ago Toshiba Medical Systems Ltd. in the United Kingdom entered into a PPP agreement with the Queen Elizabeth Hospital NHS Trust in Greenwich (UK) to provide asset management, -maintenance and -financing over a period of 15 years covering all biomedical equipment in use in the hospital. Equipment ranging from stethoscopes to MRI systems.
Operational lease
The easy explanation
A lease contract to use an asset, which does not convey rights similar to ownership of the asset.
The formal explanation
An operating lease is not capitalized, it is accounted for as a rental expense.
Financial lease
The easy explanation
A lease considered having the economic characteristic of asset ownership.
The formal explanation
A capital lease is an example of accrual accounting's inclusion of economic events.
More information
If you would like to know more about the financial services that we could offer you then please contact your nearest Toshiba Medical Systems company or distributor by simply selecting it from the "European Sites" drop down menu on the left. Alternatively you can contact them through the Contact Us page.