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74 Nissan Annual Report 2009
Current fiscal year (from April 1, 2008 to March 31, 2009)
(Millions of yen)
Automobile Sales financing Total Eliminations Consolidated
I. Sales and operating income
(1) Sales to third parties 7,771,925 665,049 8,436,974 — 8,436,974
(2) Inter-segment sales and
transfers 39,922 11,752 51,674 (51,674) —
Total sales 7,811,847 676,801 8,488,648 (51,674) 8,436,974
Operating expenses 8,010,985 643,633 8,654,618 (79,723) 8,574,895
Operating income (loss) (199,138) 33,168 (165,970) 28,049 (137,921)
II. Assets, depreciation, impairment
loss, and capital expenditures
Total assets 6,584,071 4,638,858 11,222,929 (983,389) 10,239,540
Depreciation 450,391 315,971 766,362 — 766,362
Impairment loss 19,237 412 19,649 — 19,649
Capital Expenditure 404,075 646,124 1,050,199 — 1,050,199
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. Changes in accounting policies:
(1) Application of the “Practical Solution on Unification of Accounting Policies Applied to Foreign Subsidiaries for Consolidated Financial Statements”
Effective April 1, 2008, the Company adopted the “Practical Solution on Unification of Accounting Policies Applied to Foreign Subsidiaries for
Consolidated Financial Statements” (ASBJ Practical Issues Task Force (PITF) No. 18 issued on May 17, 2006).
The effect of this change was to decrease net sales by ¥160,145 million and to increase the operating loss by ¥2,649 million for the Automobile
segment compared with the results that would have been obtained under the former method.
(2) Classification to record sales incentive
As stated in “Changes in accounting policies,” the Company and its domestic consolidated subsidiaries applied the method of deducting sales incentive
from net sales, effective April 1, 2008.
The effect of this change was to decrease net sales by ¥15,938 million for the Automobile segment compared with the result that would have been
obtained under the former method.