Brother International 2014 Annual Report Download - page 28

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27
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2014 1. Basis of Presentation of 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 accordance 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.
In preparing these consolidated financial statements, certain reclassifications and rearrangements have been made to the consolidated financial statements issued
domestically in order to present them in a form which is more familiar to readers outside Japan. In addition, certain reclassifications have been made in the 2013
consolidated financial statements to conform to the classifications used in 2014.
The consolidated financial statements are stated in Japanese yen, the currency of the country in which BROTHER INDUSTRIES, LTD. (the “Company”) 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 ¥103 to $1, the approximate rate of exchange at March 31, 2014. 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 83 (89 in 2013) subsidiaries at March 31, 2014. The accompanying consolidated financial statements as of March 31, 2014, include the accounts of the
Company and its significant 62 (60 in 2013) subsidiaries (together, the “Group”). The remaining 21 (29 in 2013) unconsolidated 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.
otes to Consolidated Financial Statements
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