Honda 2008 Annual Report Download - page 118

A n n u a l R e p o r t 2 0 0 8
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Notes:
(1) The consolidated financial statements as of and for the
year ended March 31, 2008 have been translated into
United States dollars at the rate of ¥100.19 = U.S.$1,
the approximate exchange rate prevailing on the Tokyo
Foreign Exchange Market on March 31, 2008. Those U.S.
dollar amounts presented in the consolidated financial
statements and related notes are included solely for
the reader. This translation should not be construed as
a representation that all the amounts shown could be
converted into U.S. dollars.
(2) Net income per common (or American depositary) share
amounts are computed based on Statement of Financial
Accounting Standards (SFAS) No. 128, “Earnings per
Share.” All net income per common (or American depositary)
share data presented prior to fiscal 1998 has been restated
to conform with the provisions of SFAS No. 128.
(3) Effective fiscal 2000, due to the change in method of
business segment categorization, all prior years’ unit
sales under Sales progress have been restated to reflect
the change: i.e., unit sales of all-terrain vehicles (ATVs)
are now included in Motorcycles, but were previously
included in Power Products.
(4) Previously, revenue from domestic sales of general-
purpose engines to customers who install them in
products that are subsequently exported were recorded
as overseas sales. However, owing to various factors
including changes in transaction formats and contract
terms, as of fiscal 2002, such sales are now recorded as
domestic sales. The sales amount from such sales for
fiscal 2002 amounted to ¥5,468 million.
(5) Certain gains and losses on sale and disposal of
property, plant and equipment, which were previously
recorded in other income (expenses), have been
reclassified to selling, general and administrative
expenses in the year ended March 31, 2004. In addition,
net realized gains and losses on interest rate swap
contracts not designated as accounting hedges by
finance subsidiaries, which were previously recorded in
cost of sales, have been reclassified to and included in
other income (expenses)—other. Operating income prior
to fiscal 2003 has been presented to conform with the
reclassifications mentioned above.
(6) On April 26, 2006, the Board of Directors declared a two-
for-one stock split of the Company’s common stock. All
shareholders of record on June 30, 2006 will receive one
additional share of common stock for each share on July
1, 2006. Information pertaining to shares and earnings per
share has been restated in the accompanying consolidated
financial statements and notes to the consolidated financial
statements to reflect this split.
(7) The Company executed a two-for-one stock split for the
Company’s common stock effective July 1, 2006. All per
share information has been adjusted retroactively for all
periods presented to reflect this stock split.
(8) Certain revisions for misclassifications and
reclassifications have been made to the prior years’
consolidated financial statements to conform to the
presentation used for the fiscal year ended March 31,
2007.
(a) Minority interest in income, which were included in
other expenses—other, has been revised to be disclosed
independently in consolidated statements of income.
(b) The long-term portion of deferred tax liabilities and
deferred tax assets related to the lease transactions
of finance subsidiaries, which were classified in other
current liabilities and deferred income taxes, have been
revised to be classified in other liabilities and other assets,
respectively.
(c) The long-term portion of accrued expenses and
prepaid expenses related to pension benefit plans, which
were included in accrued expenses and other current
assets have been revised to be classified in other liabilities
and other assets, respectively. The long-term portion
of deferred tax liabilities, which were included in other
current liabilities, and deferred tax assets, have also been
revised to classified in other liabilities and other assets.
(d) The long-term portion of prepaid expenses, deferred
income and accrued expenses related to extended
vehicle service contracts of the subsidiaries in the United
States, which were included in other current assets, trade
payables accounts and accrued expenses, respectively,
have been revised to be classified in other liabilities and
other assets. The long-term portion of related deferred tax
liabilities, which were included in other current liabilities,
and deferred income taxes have also been revised to be
classified in other liabilities and other assets.