Investments In Equipment And Leases, Net (Tables)

6 Months Ended

Jun. 30, 2013

The Partnership’s investments in equipment and leases consist of the following (in thousands):


		Balance December 31, 2012		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance June 30, 2013
Net investment in operating leases	$	5,284	$	(1,352)	$	(219)	$	3,713
Net investment in direct financing leases		197		(15)		(132)		50
Assets held for sale or lease, net		1,284		1,335		-		2,619
Total	$	6,765	$	(32)	$	(351)	$	6,382

Property on operating leases consists of the following (in thousands):


		Balance December 31, 2012		Additions		Reclassifications or Dispositions		Balance June 30, 2013
Transportation	$	28,689	$	-	$	(181)	$	28,508
Marine vessels		7,400		-		(7,400)		-
Materials handling		83		-		-		83
		36,172		-		(7,581)		28,591
Less accumulated depreciation		(30,888)		(219)		6,229		(24,878)
Total	$	5,284	$	(219)	$	(1,352)	$	3,713

The components of the Partnership’s investment in direct financing leases as of June 30, 2013 and December 31, 2012 are as follows (in thousands):


		June 30, 2013		December 31, 2012
Total minimum lease payments receivable	$	-	$	165
Estimated residual values of leased equipment (unguaranteed)		50		65
Investment in direct financing leases		50		230
Less unearned income		-		(33)
Net investment in direct financing leases	$	50	$	197

At June 30, 2013, the aggregate amounts of future minimum lease payments are as follows (in thousands):

ATEL CAPITAL EQUIPMENT FUND VII LP 10-Q