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»FINANCIAL SECTION
Nissan Annual Report 2006-2007
82
a) As described in Note 2 (b), 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
as of March 31, 2006 as compared with the corresponding amounts which would have been recorded if the previous method had been
followed.
b) As described in Note 2 (c), effective April 1, 2006, the Company adopted a new accounting standard for share-based payment and related
implementation guidance. The effect of this change was to decrease operating income of Japan segment by ¥1,037 million ($8,788
thousand) for the year ended March 31, 2007.
c) As described in Note 2 (e), effective the year ended March 31, 2007, 22 consolidated subsidiaries have been consolidated by using their
financial statements as of the parent's fiscal year end prepared solely for consolidated purposes instead of those as of their respective fiscal
year end. In addition, during fiscal year 2006, 33 consolidated subsidiaries have changed their fiscal year end to March 31. The effect of this
change was to increase net sales of the Japan, North America, Europe segment and Other segments and increase the elimination of inter-
group net sales by ¥62,479 million ($529,483 thousand), ¥219,878 million ($1,863,373 thousand), ¥454,769 million ($3,853,975 thousand),
¥87,087 million ($738,025 thousand) and ¥56,607 million ($479,720 thousand), respectively, for the year ended March 31, 2007. In addition,
because of this change, operating income of the Japan, North America, Europe and Other segments increased by ¥1,586 million ($13,441
thousand), ¥21,403 million ($181,381 thousand), ¥2,744 million ($23,254 thousand) and ¥210 million ($1,780 thousand), respectively, and
operating income of inter-group elimination decreased by ¥4,500 million ($38,136 thousand) for the year ended March 31, 2007.
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, 2007, 2006 and 2005 are summarized as follows:
Fiscal year 2006 (For the year ended Mar. 31, 2007)
Other foreign
North America Europe countries Total
Millions of yen
Overseas sales.................................................................................................................................................... ¥4,410,531 ¥2,023,772 ¥1,829,617 ¥ 8,263,920
Consolidated net sales................................................................................................................................. 10,468,583
Thousands of U.S. dollars
Overseas sales................................................................................................................................................ $37,377,381 $17,150,610 $15,505,229 $70,033,220
Consolidated net sales............................................................................................................................. 88,716,805
Overseas sales as a percentage of consolidated net sales...................................... 42.1% 19.3% 17.5% 78.9%
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
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%
a) As described in Note 2 (e), effective the year ended March 31, 2007, 22 consolidated subsidiaries have been consolidated by using their
financial statements as of the parent's fiscal year end prepared solely for consolidated purposes instead of those as of their respective fiscal
year end, and 33 consolidated subsidiaries have also changed their fiscal year end to March 31. The effect of this change was to increase
overseas sales of North America by ¥177,178 million ($1,501,508 thousand), Europe by ¥402,598 million ($3,411,847 thousand) and other
foreign countries by ¥138,990 million ($1,177,881thousand).