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Brother Industries, Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2011 and 2010
23
Brother Annual Report 2011
1. Basis of Presenting Consolidated Financial Statements
The accompanying consolidated financial statements have been prepared in accordance with the provisions set forth in the Japanese Financial
Instruments and Exchange Act and its related accounting regulations and in conformity with accounting principles generally accepted in Japan
(“Japanese GAAP”), which are different in certain respects as to application and disclosure requirements of International Financial Reporting
Standards.
Under Japanese GAAP, a consolidated statement of comprehensive income is required from the fiscal year ended March 31, 2011 and has
been presented herein. Accordingly, accumulated other comprehensive income is presented in the consolidated balance sheet and the consoli-
dated statement of changes in equity. Information with respect to other comprehensive income for the year ended March 31, 2010 is disclosed
in Note 19. In addition, “net income before minority interests” is disclosed in the consolidated statement of income from the year ended March
31, 2011.
In preparing these consolidated financial statements, certain reclassifications and rearrangements have been made to the consolidated finan-
cial statements issued domestically in order to present them in a form which is more familiar to readers outside Japan.
The consolidated financial statements are stated in Japanese yen, the currency of the country in which BROTHER INDUSTRIES, LTD. (the “Com-
pany”) is incorporated and operates. The translations of Japanese yen amounts into U.S. dollar amounts are included solely for the convenience of
readers outside Japan and have been made at the rate of ¥83 to $1, the approximate rate of exchange at March 31, 2011. Such translations should
not be construed as representations that the Japanese yen amounts could be converted into U.S. dollars at that or any other rate.
2. Summary of Significant Accounting Policies
(1) Consolidation
The Company has 85 (89 in 2010) subsidiaries at March 31, 2011. The accompanying consolidated financial statements as of March 31, 2011
include the accounts of the Company and its significant 54 (56 in 2010) subsidiaries (together, the “Group”). The remaining 31 (2010 in 33) uncon-
solidated subsidiaries’ combined assets, net sales, net income and retained earnings in the aggregate are not significant in relation to those of the
consolidated financial statements of the Group.
Notes to Consolidated Financial Statements