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80 MITSUBISHI MOTORS CORPORATION ANNUAL REPORT 2006
21. Segment Information
(a) Business segments
The business segment information for MMC and its consolidated subsidiaries for the years ended March 31, 2006
and 2005 are summarized as follows:
In thousands of
In millions of yen U.S. dollars
2006 2005 2006
Net sales:
Automobiles ¥2,080,883 ¥2,086,053 $17,714,167
Financial services 39,183 40,193 333,564
Total 2,120,067 2,126,246 18,047,731
Intersegment 1(3,619) 9
Consolidated ¥2,120,068 ¥2,122,626 $18,047,741
Operating income (loss):
Automobiles ¥ (6,142) ¥ (104,305) $ (52,292)
Financial services 10,418 (21,066) 88,693
Total 4,276 (125,371) 36,400
Intersegment 2,507 (3,172) 21,347
Consolidated ¥ 6,783 ¥ (128,544) $ 57,748
Total assets:
Automobiles ¥1,453,123 ¥1,601,183 $12,370,165
Financial services 127,607 273,412 1,086,302
Total 1,580,731 1,874,595 13,456,467
Corporate and eliminations (23,161) (285,309) (197,166)
Consolidated ¥1,557,570 ¥1,589,286 $13,259,301
Depreciation:
Automobiles ¥ 60,944 ¥ 75,258 $ 518,808
Financial services 8,541 22,226 72,713
Consolidated ¥ 69,486 ¥ 97,484 $ 591,521
Capital expenditures:
Automobiles ¥ 119,460 ¥ 128,592 $ 1,016,948
Financial services 8,904 16,061 75,801
Consolidated ¥ 128,365 ¥ 144,653 $ 1,092,749
Notes: 1. Segments are divided by sector and by market.
2. Major products by business segment
Automobiles . . . . . . . . . Passenger cars
Financial services . . . . . Sales-finance products
3. Changes in accounting policies;
(1) Accounting Standard for Impairment of Fixed Assets
As a result of the change, the assets of the automobiles segment decreased by ¥26,176 million ($222,832 thousand) compared
with using the earlier method.
(2) Accounting Standard for Retirement Benefits
The effect of the adoption of this change in accounting policy for retirement benefits was insignificant in operating income (loss) for
FY2005 in the automobiles segment.