Honda 2008 Annual Report Download - page 108

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A n n u a l R e p o r t 2 0 0 8
106
As of and for the year ended March 31, 2008
U.S dollars (millions) (note 2)
Japan
North
America Europe Asia
Other
Regions Total
Reconciling
Items Consolidated
Net sales and other
operating revenue:
External customers
$20,495 $60,800 $ 14,994 $13,047 $10,465 $119,801 $ — $119,801
Transfers between
geographic areas
28,303 1,734 918 3,305 442 34,702 (34,702) —
Total
48,798 62,534 15,912 16,352 10,907 154,503 (34,702) 119,801
Cost of sales, SG&A and
R&D expenses
46,876 58,216 15,398 15,047 9,744 145,281 (34,993) 110,288
Gain on transfer of the substitutional
portion of the Employees’ Pension
Funds to the government
— — — — — — — —
Operating income
1,922 4,318 514 1,305 1,163 9,222 291 9,513
Assets
31,212 68,510 9,467 10,784 5,738 125,711 205 125,916
Long-lived assets
$10,821 $15,864 $ 1,707 $ 2,596 $ 1,279 $ 32,267 $ — $ 32,267
Explanatory notes:
1. Major countries or regions in each geographic area:
North America United States, Canada, Mexico
Europe United Kingdom, Germany,
France, Italy, Belgium
Asia Thailand, Indonesia, China, India
Other Regions Brazil, Australia
2. Operating income of each geographical region is measured in a consistent manner with consolidated operating income,
which is net income before other income, other expenses, income tax (benefit) expense, minority interest in income, and
equity in income of affiliates.
3. Assets of each geographical region are defined as total assets, including derivative financial instruments, investments in
affiliates, and deferred tax assets.
4. Sales and revenues between geographic areas are generally made at values that approximate arm’s-length prices.
5. Unallocated corporate assets, included in reconciling items, amounted to ¥354,903 million as of March 31, 2006, ¥377,873
million as of March 31, 2007, and ¥385,442 million ($3,847 million) as of March 31, 2008 respectively, which consist primarily
of cash and cash equivalents and marketable securities held by the Company. Reconciling items also include elimination of
transactions between geographic areas.