Nissan 2005 Annual Report Download - page 95

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a) As described in Note 2(b), effective April 1, 2003, Nissan Motor Manufacturing (UK) Ltd., a consolidated subsidiary, implemented early
adoption of a new accounting standard for retirement benefits in the United Kingdom. The effect of this change was to decrease operating
income in the “Automobile” segment by ¥1,686 million for the year ended March 31, 2004 as compared with the corresponding amount which
would have been recorded if the previous method had been followed.
b) As described in Note 2(c), effective April 1, 2003, the Company and its domestic consolidated subsidiaries changed their method of
accounting for noncancelable lease transactions which transfer substantially all risks and rewards associated with the ownership of assets,
from accounting for them as operating leases, to finance leases. The effect of this change was to decrease sales and operating expenses in
the “Automobile” segment by ¥237 million and ¥21,805 million respectively, to increase operating income, total assets, depreciation expense
and capital expenditures in the “Automobile” segment by ¥21,568 million ¥136,522 million, ¥46,986 million and ¥55,581 million, respectively,
to decrease sales and operating expenses and capital expenditures in the “Sales Financing” segment by ¥33,351 million, ¥33,374 million and
¥29,716 million, respectively, to increase operating income, total assets and depreciation expense in the “Sales Financing” segment by ¥23
million, ¥662 million and ¥292 million, respectively, and to increase sales and operating expenses in “Eliminations” by ¥15,645 million for the
year ended March 31, 2004 as compared with the corresponding amounts which would have been recorded if the previous method had been
followed.
FINANCIAL SECTION
Nissan Annual Report 2004 93
Fiscal year 2002 (For the year ended Mar. 31, 2003)
Sales
Automobile Financing Total Eliminations Consolidated
Millions of yen
I. Sales and operating income
Sales to third parties................................................................................... ¥6,444,460 ¥ 384,128 ¥6,828,588 ¥ — ¥6,828,588
Inter-segment sales and transfers................................................... 42,775 11,740 54,515 (54,515) —
Total sales............................................................................................................ 6,487,235 395,868 6,883,103 (54,515) 6,828,588
Operating expenses.................................................................................... 5,818,023 335,986 6,154,009 (62,651) 6,091,358
Operating income.......................................................................................... ¥ 669,212 ¥ 59,882 ¥ 729,094 ¥ 8,136 ¥ 737,230
II. Assets, depreciation and capital expenditures
Total assets ........................................................................................................ ¥5,607,323 ¥3,103,889 ¥8,711,212 ¥(1,362,029) ¥7,349,183
Depreciation and amortization............................................................ ¥ 213,569 ¥ 157,556 ¥ 371,125 ¥ — ¥ 371,125
Capital expenditures................................................................................... ¥ 410,003 ¥ 451,630 ¥ 861,633 ¥ — ¥ 861,633