Honda 2008 Annual Report Download - page 102

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A n n u a l R e p o r t 2 0 0 8
100
Yen (millions)
Additions Deductions
Balance at
beginning
of period
Charged to
costs and
expenses
Bad debts
written off
Foreign
currency
translation
Balance
at end of
period
March 31, 2008:
Trade accounts and notes receivable
Allowance for doubtful accounts ¥ 8,199 ¥ 2,879 ¥ 2,785 ¥ (112) ¥ 8,181
Finance subsidiaries—receivables
Allowance for credit losses ¥ 33,512 ¥46,121 ¥ 41,177 ¥ (5,102) ¥ 33,354
Allowance for losses on lease residual values 33,928 11,890 17,410 (3,521) 24,887
¥ 67,440 ¥58,011 ¥ 58,587 ¥ (8,623) ¥ 58,241
U.S. dollars (millions) (note 2)
Additions Deductions
Balance at
beginning
of period
Charged to
costs and
expenses
Bad debts
written off
Foreign
currency
translation
Balance
at end of
period
March 31, 2008:
Trade accounts and notes receivable
Allowance for doubtful accounts $ 82 $ 29 $ 28 $ (1) $ 82
Finance subsidiaries—receivables
Allowance for credit losses $335 $460 $411 $(51) $333
Allowance for losses on lease residual values 338 119 174 (35) 248
$673 $579 $585 $(86) $581
Honda has four reportable segments: the Motorcycle
business, the Automobile business, the Financial services
business and the Power product and other businesses,
which are based on Honda’s organizational structure
and characteristics of products and services. Operating
segments are defined as components of Honda’s about
which separate financial information is available that is
evaluated regularly by management in deciding how to
allocate resources and in assessing performance. The
accounting policies used for these reportable segments
are consistent with the accounting policies used in Honda’s
consolidated financial statements. (See note 3.)
21. Segment Information
Principal products and services, and functions of each segment are as follows:
Segment Principal products and services Functions
Motorcycle business Motorcycles, all-terrain vehicles (ATVs), Research & Development
personal watercrafts and relevant parts Manufacturing
Sales and related services
Automobile business Automobiles and relevant parts Research & Development
Manufacturing
Sales and related services
Financial services business Financial, insurance services Retail loan and lease related to Honda products
Others
Power product and Power products and relevant Research & Development
other businesses parts, and others Manufacturing
Sales and related services
Others