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50 Nissan Annual Report 2008
Prior fiscal year Current fiscal year
From April 1, 2006 From April 1, 2007
[
To March 31, 2007
][
To March 31, 2008
]
3. Accounting period of consolidated subsidiaries
(1) The following consolidated companies close their books of
account at:
December 31:
Nissan Mexicana, S.A. de C.A.
NR Finance Mexico, S.A. de C.V.
NR Wholesales Mexico, S.A. de C.V.
ESARA, S.A. De C.V
Nissan Europe S.A.S. and its 14 subsidiaries
Nissan Forklift Europe B.V.
Nissan do Brasil Automoveis Ltda
JATCO Mexico, S.A. de C.V
Yulon Nissan Motor Co., Ltd.
NISSAN (CHINA) INVESTMENT CO., LTD.
Dongfeng Motor Co., Ltd.
Calsonic Kansei Mexicana, S.A. de R.L. de C.V.,
and its 2 subsidiaries
Calsonic Kansei (Thailand) Co., Ltd.
Calsonic Kansei (Shanghai) Corp.
Calsonic Kansei (China) Holding Company
(2) Of these 31 companies, the financial statements of Nissan
Europe S.A.S., Nissan Mexicana, S.A. de C.A., and 20 other
subsidiaries are consolidated by using their financial
statements as of the parent fiscal year end which are
prepared solely for consolidation purposes. For Dongfeng
Motor Co., Ltd., Yulon Nissan Motor Co., Ltd., and 7 other
subsidiaries are consolidated by using their financial
statements as of their respective fiscal year end, and
necessary adjustments are made to their financial
statements to reflect any significant transactions from
January 1 to March 31.
4. Significant accounting policies
(1) Valuation methods for assets
1) Securities
Held-to-maturity securities:
Held-to maturity securities are stated at amortized
cost
Other securities:
Marketable securities:
Marketable securities classified as other securities
are carried at fair value with any changes in
unrealized holding gain or loss, net of the applicable
income taxes, directly included in net assets. Costs
of securities sold are calculated by the moving
average method.
Non-marketable securities:
Non-marketable securities classified as other
securities are carried at cost determined by the
moving average method.
2) Derivatives
Derivatives financial instruments are stated at fair value.
3) Inventories
Inventories are stated principally at the lower of cost or
market, cost being determined by the first-in, first-out
method.
3. Accounting period of consolidated subsidiaries
(1) The following consolidated companies close their books of
account at:
December 31:
Nissan Mexicana, S.A. de C.A.
NR Finance Mexico, S.A. de C.V.
NR Finance Service S.A. de C.V.
Nissan Motor (GB) Ltd.
Nissan Motor Manufacturing (UK) Ltd.
Aprite (Gb) Ltd.
Nissan Design Europe Ltd.
Nissan Motor RUS Ltd.
Nissan Motor Ukraine Company
Nissan Kaz Limited Liability Partnership
Nissan International SA
Nissan do Brasil Automoveis Ltda
JATCO Mexico, S.A. de C.V
Yulon Nissan Motor Co., Ltd.
NISSAN (CHINA) INVESTMENT CO., LTD.
Dongfeng Motor Co., Ltd.
Calsonic Kansei Mexicana, S.A. de R.L. de C.V.,
Calsonic Kansei (Thailand) Co., Ltd.
Calsonic Kansei (Shanghai) Corp.
Calsonic Kansei (China) Holding Company
Calsonic Kansei (Guangzhou) Corp.
Atlet AB and its 16 subsidiaries
(2) Of these 38 companies, the financial statements of Nissan
Mexicana, S.A. de C.A., and 12 other subsidiaries are
consolidated by using their financial statements as of the
parent fiscal year end which are prepared solely for
consolidation purposes. For Dongfeng Motor Co., Ltd., Yulon
Nissan Motor Co., Ltd., and 23 other subsidiaries are
consolidated by using their financial statements as of their
respective fiscal year end, and necessary adjustments are
made to their financial statements to reflect any significant
transactions from January 1 to March 31.
4. Significant accounting policies
(1) Valuation methods for assets
1) Securities
Held-to-maturity securities:
Same as the prior fiscal year.
Other securities:
Marketable securities:
Same as the prior fiscal year.
Non-marketable securities:
Same as the prior fiscal year.
2) Derivatives
Same as the prior fiscal year.
3) Inventories
Same as the prior fiscal year.