Honda 2007 Annual Report Download - page 91

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89
U.S. dollars
Yen (millions)
(millions) (note 2)
2005 2006 2007 2007
Net sales ¥3,039,751 ¥3,426,348 ¥4,598,573 $38,954
Net income 220,596 229,640 268,577 2,275
Cash dividends received by Honda during the year 35,824 64,055 54,849 465
Sales to affiliates by the Company and its subsidiaries and
sales among such affiliates are made on the same basis as
sales to unaffiliated parties.
Honda’s equity in undistributed income of affiliates at
March 31, 2006 and 2007 included in retained earnings was
¥275,874 million and ¥354,552 million ($3,003 million),
respectively.
Trade receivables and trade payables include the following balances with affiliates at March 31, 2006 and 2007, and
purchases and sales include the following transactions with affiliates for each of the years in the three-year period ended
March 31, 2007. Honda mainly purchases materials, supplies and services from affiliates, and sells parts used in its products,
equipment and services to affiliates.
U.S. dollars
Yen (millions)
(millions) (note 2)
2006 2007 2007
Trade receivables from ¥059,292 ¥077,317 $0,655
Trade payables to 112,547 155,603 1,318
U.S. dollars
Yen (millions)
(millions) (note 2)
2005 2006 2007 2007
Purchases from ¥595,589 ¥611,711 ¥1,083,686 $9,180
Sales to 148,352 155,195 329,398 2,790
Mr. Minekawa, a Director of the Company, served as the
President of Guangzhou Honda Automobile Co., Ltd., one of
our affiliates in China until June 23, 2005. In fiscal year 2006
from April to June, Honda sold automobile parts, equipment
and services to the affiliated company in the amount of
¥10,008 million. In fiscal year 2005, Honda sold automobile
parts, equipment and services to the affiliated company in
the amount of ¥37,023 million.