Olympus 2003 Annual Report Download - page 42

 OLYMPUS 2003
M I L L I O N S O F YE N
2002
E L I M I N A T I O N
A N D C O N S O L I D A T E D
JA P A N N O R T H A M E R I C A E U R O P E A S I A T O T A L C O R P O R A T E T O T A L
Net sales:
Unaffiliated customers...... ¥197,074 ¥180,659 ¥135,388 ¥15,294 ¥528,415 ¥ — ¥528,415
Intersegment .................... 187,994 854 6,276 34,273 229,397 (229,397) —
Total.................................... 385,068 181,513 141,664 49,567 757,812 (229,397) 528,415
Operating expenses.............. 352,579 175,612 137,205 46,879 712,275 (226,143) 486,132
Operating income (loss)....... 32,489 5,901 4,459 2,688 45,537 (3,254) 42,283
Assets.................................. ¥184,691 ¥ 74,024 ¥ 80,965 ¥26,248 ¥365,928 ¥ 196,150 ¥562,078
M I L L I O N S O F YE N
2001
E L I M I N A T I O N
A N D C O N S O L I D A T E D
JA P A N N O R T H A M E R I C A E U R O P E A S I A T O T A L C O R P O R A T E T O T A L
Net sales:
Unaffiliated customers...... ¥195,166 ¥154,616 ¥109,183 ¥ 7,739 ¥466,704 ¥ — ¥466,704
Intersegment ..................... 173,423 1,002 5,609 34,700 214,734 (214,734) —
Total...................................... 368,589 155,618 114,792 42,439 681,438 (214,734) 466,704
Operating expenses............... 339,748 150,887 109,291 41,111 641,037 (209,829) 431,208
Operating income (loss) ....... 28,841 4,731 5,501 1,328 40,401 (4,905) 35,496
Assets.................................... ¥216,228 ¥ 62,940 ¥ 73,175 ¥25,583 ¥377,926 ¥ 206,177 ¥584,103
T H O U S A N D S O F U S D O L L A R S
2003
E L I M I N A T I O N
A N D C O N S O L I D A T E D
JA P A N A M E R I C A E U R O P E A S I A T O T A L CO R P O R AT E T O T A L
Net sales:
Unaffiliated customers ....... $1,510,283 $1,537,583 $1,354,892 $300,100 $4,702,858 $ — $4,702,858
Intersegment ..................... 1,739,275 9,192 64,067 464,524 2,277,058 (2,277,058) —
Total.................................... 3,249,558 1,546,775 1,418,959 764,624 6,979,916 (2,277,058) 4,702,858
Operating expenses.............. 2,852,592 1,461,825 1,332,700 726,066 6,373,183 (2,189,875) 4,183,308
Operating income (loss)....... 396,966 84,950 86,259 38,558 606,733 (87,183) 519,550
Assets.................................. $1,593,717 $ 616,017 $ 915,617 $325,566 $3,450,917 $ 1,597,150 $5,048,067
Notes: .Segmentation is determined by geographical adjacency.
North America includes the United States, Canada, Mexico and Brazil. Europe includes G ermany, the United Kingdom, France and other countries. Asia
includes Singapore, H ong Kong, China, Australia and other countries.
.As mentioned in “Note . SEVERANCE AND RETIREM ENT ALLOWANCE”, effective April , , the Company and the domestic consolidated
subsidiaries changed the method of accounting standard for employees’ severance and pension benefits. The effect of this change for the fiscal year  was ¥
million decrease in operating income in Japan.
.As described in Note (d), effective April , , the revised accounting standard for foreign currency translation adjustments was adopted, and at March ,
, foreign currency translation adjustments is presented in the shareholders’ equity section instead of in the assets section. As a result, Assets for Elimination
and Corporate for  was decreased by ¥, million.
.In fiscal , the Company established a subsidiary in Brazil and it was included in the former geographic category “North America”. Along with this, the
geographic category was changed from “North America” to “America”. America includes the United States, Canada, Mexico and Brazil.
(c) Overseas sales information
T H O U S A N D S O F
M I L L I O N S O F YE N U S D O L L A R S
2003 2002 2001 2003
Export sales (A)................................................................................. ¥423,322 ¥377,654 ¥317,353 $3,527,683
to North America ............................................................................ 197,591 195,863 163,113 1,646,592
to Europe ........................................................................................ 158,587 135,218 112,908 1,321,558
to Asia............................................................................................. 58,946 36,418 32,184 491,217
to Other areas.................................................................................. 8,198 10,155 9,148 68,317
Net sales (B) ...................................................................................... 564,343 528,415 466,704 4,702,858
A/B (%)............................................................................................. 75.0% 71.5% 68.0% 75.0%
Note: Segmentation is determined by geographical adjacency.
North America includes the United States and Canada. Europe includes G ermany, the United Kingdom, France and other countries. Asia includes Singapore, H ong
Kong, China, Australia and other countries.
Other areas include Central and South America, Africa and others.
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