Nissan 2009 Annual Report Download - page 73

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Nissan Annual Report 2009 71
Business segment information
(Segment Information)
Prior fiscal year (from April 1, 2007 to March 31, 2008)
(Millions of yen)
Automobile Sales financing Total Eliminations Consolidated
I. Sales and operating income
(1) Sales to third parties 10,070,983 753,255 10,824,238 — 10,824,238
(2) Inter-segment sales and
transfers 33,264 9,163 42,427 (42,427) —
Total sales 10,104,247 762,418 10,866,665 (42,427) 10,824,238
Operating expenses 9,441,785 685,481 10,127,266 (93,858) 10,033,408
Operating income 662,462 76,937 739,399 51,431 790,830
II. Assets, depreciation, impairment
loss, and capital expenditures
Total assets 7,815,997 5,337,998 13,153,995 (1,214,513) 11,939,482
Depreciation 471,565 357,607 829,172 — 829,172
Impairment loss 8,878 — 8,878 — 8,878
Capital Expenditure 488,288 843,014 1,331,302 — 1,331,302
Notes: 1. Businesses are segmented based on their proximity in terms of the type, nature and markets of their products.
2. Main products of each business segment
(1) Automobile.................... passenger cars, trucks, buses, forklifts, manufacturing parts for oversea production, etc.
(2) Sales financing.......... credit, lease, etc.
3. Until the prior fiscal year, some of the Company’s consolidated subsidiaries charged directors’ retirement benefits to expense when so approved at the
annual general meetings of shareholders. As stated in “Changes in accounting policies,” however, they adopted the method of reporting an amount of
directors’ retirement benefits to be required at the year-end in accordance with the relevant internal regulations as accrued directors’ retirement benefits,
effective from the year ended March 31, 2008.
The effect of this change was to increase operating expenses by ¥441 million and to decrease operating income by ¥441 million for the Automobile
segment compared with the results that would have been obtained under the former method.