Nissan 2009 Annual Report Download - page 45

Nissan Annual Report 2009 43
Prior fiscal year Current fiscal year
From April 1, 2007 From April 1, 2008
[
To March 31, 2008
][
To March 31, 2009
]
Consolidated statements of income
(1) A gain on prior period adjustments was presented as a separate
account until the prior fiscal year. Due to its minor importance,
however, this account, in the amount of ¥1,383 million for the
current fiscal year, has been included in “Other” under “Special
gains.”
(2) A loss on prior period adjustments was presented as a separate
account until the prior fiscal year. Due to its minor importance,
however, this account, in the amount of ¥1,637 million for the
current fiscal year, has been included in “Other” under “Special
losses.”
Consolidated balance sheet
Upon the adoption of the Cabinet Office Ordinance No. 50 for
Partical Amendment to the Regulation for Terminology, Forms and
Preparation of Financial Statements (August 7, 2008), the accounts
presented as “Finished goods” and “Other inventories” until the prior
fiscal year have been reclassified into “Merchandise and finished
goods,” “Work in process” and “Raw materials and supplies,”
effective from the current fiscal year.
“Work in process” and “Raw materials and supplies” included in
“Other inventories” for the prior fiscal year amounted to ¥130,406
million and ¥164,961 million, respectively.
Consolidated statement of income
(1) The “Gain on implementation of defined contribution plans” was
presented as a separate account until the prior fiscal year. Due
to its decreased materiality, however, this account, in the amount
of ¥332 million for the current fiscal year, has been included in
“Other” under “Special gains.”
(2) The “Loss on sales of investment securities” (which amounts to
¥41 million for the current fiscal year) and the “Loss on
implementation of defined contribution plans” (which amounts to
¥60 million for the current fiscal year) were presented as
separate accounts until the prior fiscal year. Due to their
decreased materiality, however, these accounts have been
included in “Other” under “Special losses.”
Consolidated statement of cash flows
(1)
Beginning with the current fiscal year, the “Provision for residual
value risk of leased vehicles” is separately presented due to its
increased materiality. The “Provision for residual value risk of leased
vehicles” in the amount of ¥25,738 million was included in “Other”
under “Cash flows from operating activities” for the prior fiscal year.
(2) Beginning with the current fiscal year, the “Loss (gain) on sales of
property, plant and equipment” and the “Loss (gain) on sales of
intangible fixed assets” have been combined into the “Loss (gain) on
sales of fixed assets” under “Cash flows from operating activities.”
The “Loss (gain) on sales of fixed assets” for the current fiscal
year includes the “Loss (gain) on sales of intangible fixed
assets” in the amount of ( ¥41,038 ) million.
(3)
Beginning with the current fiscal year, the “Proceeds from sales of
property, plant and equipment” and the “Proceeds from sales of
intangible fixed assets” have been combined into the “Proceeds from
sales of fixed assets” under “Cash flows from investing activities.”
The “Proceeds from sales of fixed assets” for the current fiscal
year includes the “Proceeds from sales of intangible fixed
assets” in the amount of ¥41,362 million.
Changes in Presentation >
Additional information
Prior fiscal year Current fiscal year
From April 1, 2007 From April 1, 2008
[
To March 31, 2008
][
To March 31, 2009
]
Accrued Retirement Benefits for Directors and Statutory auditors
Until the year ended March 31, 2007, the Company expensed
retirement benefits for directors and statutory auditors to income
when general shareholders’ meetings approved resolutions for the
payments of those benefits. However, a resolution was approved at
the general shareholders’ meeting held on June 20, 2007 that
retirement benefits for directors and statutory auditors in response to
the discontinuation of such system to be paid to the relevant
directors and statutory auditors when they retire. Accordingly, the
Company recognized the amount of expected payments for this
purpose as a special loss and included the outstanding balance in
“Other long-term liabilities” for the fiscal year ended March 31, 2008.