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FINANCIAL SECTION
Nissan Annual Report 2005
90
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 “Europe” segment by ¥1,686 million for the year ended March 31, 2004 from 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 the assets
to the lessee from accounting for them as operating leases, to finance leases. The effect of this change was to decrease sales and operating
expenses in the “Japan” segment by ¥17,943 million and ¥39,534 million, respectively, and to increase operating income and total assets in
the “Japan” segment by ¥21,591 million and ¥137,184 million, respectively, 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.
c) As described in Note 2 (f), effective April 1, 2005, the Company and its domestic consolidated subsidiaries adopted a new accounting
standard for the impairment of fixed assets. The effect of this change was to decrease total assets in the “Japan” segment by ¥26,827 million
at March 31, 2006 from with the corresponding amounts which would have been recorded if the previous method had been followed.
Overseas sales
Overseas sales, which include export sales of the Company and its domestic consolidated subsidiaries and sales (other than exports to Japan) of
the foreign consolidated subsidiaries, for the years ended March 31, 2006, 2005 and 2004 are summarized as follows:
Fiscal year 2005 (For the year ended Mar. 31, 2006)
Other foreign
North America Europe countries Total
Millions of yen
Overseas sales.................................................................................................................................................... ¥4,014,475 ¥1,414,929 ¥1,655,630 ¥7,085,034
Consolidated net sales................................................................................................................................. 9,428,292
Thousands of U.S. dollars
Overseas sales................................................................................................................................................ $34,311,752 $12,093,410 $14,150,684 $60,555,846
Consolidated net sales............................................................................................................................. 80,583,692
Overseas sales as a percentage of consolidated net sales...................................... 42.6% 15.0% 17.6% 75.2%
Fiscal year 2004 (For the year ended Mar. 31, 2005)
Other foreign
North America Europe countries Total
Millions of yen
Overseas sales.................................................................................................................................................... ¥3,662,436 ¥1,269,204 ¥1,401,592 ¥6,333,232
Consolidated net sales................................................................................................................................. 8,576,277
Overseas sales as a percentage of consolidated net sales.......................................... 42.7% 14.8% 16.3% 73.8%
Fiscal year 2003 (For the year ended Mar. 31, 2004)
Other foreign
North America Europe countries Total
Millions of yen
Overseas sales.................................................................................................................................................... ¥3,222,497 ¥1,201,035 ¥773,248 ¥5,196,780
Consolidated net sales................................................................................................................................. 7,429,219
Overseas sales as a percentage of consolidated net sales.......................................... 43.4% 16.2% 10.4% 70.0%