Sharp 2009 Annual Report Download - page 61

Information by geographic segment for the years ended March 31, 2008 and 2009 is as follows:
Yen
(millions)
U.S. Dollars
(thousands)
2008 2009 2009
Net Sales:
Japan:
Customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 1,971,125 ¥ 1,637,056 $ 16,876,866
Intersegment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 970,510 784,649 8,089,165
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,941,635 2,421,705 24,966,031
The Americas:
Customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 563,501 439,695 4,532,938
Intersegment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,411 6,580 67,835
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 577,912 446,275 4,600,773
Europe:
Customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 548,242 427,521 4,407,433
Intersegment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,134 3,051 31,454
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 552,376 430,572 4,438,887
China:
Customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191,177 210,961 2,174,856
Intersegment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450,354 431,755 4,451,082
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 641,531 642,716 6,625,938
Other:
Customers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143,691 131,994 1,360,763
Intersegment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 236,737 183,736 1,894,186
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 380,428 315,730 3,254,949
Elimination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,676,146) (1,409,771) (14,533,722)
Consolidated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 3,417,736 ¥ 2,847,227 $ 29,352,856
Certified Public Accountants (“JICPA”) Auditing and Assur-
ance Practice Committee Report No. 42, April 13, 2007) have
been adopted. This change had an immaterial impact on seg-
mented information for the year ended March 31, 2008.
Effective for the year ended March 31, 2009, the Com-
pany and its domestic consolidated subsidiaries have applied
the “Accounting Standard for Measurement of Inventories”
(Accounting Standards Board of Japan (ASBJ) Statement No.
9, issued by the ASBJ on July 5, 2006). As a result, for the
year ended March 31, 2009, operating loss for Consumer/
Information Products increases by ¥1,347 million ($13,887
thousand) and operating loss for Electronic Components
increases by ¥3,927 million ($40,484 thousand), compared to
amounts calculated under the previous method. Also, valua-
tion methods for raw materials and work in process had previ-
ously been based on the last invoice method. However,
effective for the year ended March 31, 2009, the Company
and its domestic consolidated subsidiaries have adopted the
moving average method in order to properly reflect the
impact of fluctuations in raw material prices on financial state-
ments, and to achieve more appropriate periodic accounting
of profit and loss. This change has an immaterial impact on
segmented information for the year ended March 31, 2009.
Effective for the year ended March 31, 2009, the Company
has applied the “Practical Solution on Unification of Accounting
Policies Applied to Foreign Subsidiaries for Consolidated Finan-
cial Statements” (ASBJ PITF No. 18, issued by the ASBJ on
May 17, 2006) and made revisions required for consolidated
accounting. As a result, for the year ended March 31, 2009,
operating loss for Consumer/Information Products increases by
¥1,765 million ($18,196 thousand) and operating loss for Elec-
tronic Components increases by ¥39 million ($402 thousand),
compared to amounts calculated under the previous method.
Previously, lease payments under finance leases that do
not transfer ownership of the leased property to the lessee
had been recognized as expenses. However, effective for the
year ended March 31, 2009, the Company and its domestic
consolidated subsidiaries have applied the “Accounting Stan-
dard for Lease Transactions” (ASBJ Statement No. 13, revised
on March 30, 2007 (originally issued by the 1st committee of
the Business Accounting Council on June 17, 1993)) and the
“Guidance on Accounting Standard for Lease Transactions”
(ASBJ Guidance No. 16, revised on March 30, 2007 (originally
issued by the Auditing Standards Committee of JICPA on
January 18, 1994)) and are accounting for such transactions as
capital lease transactions. Finance leases that do not transfer
ownership for which the starting date of the lease transaction
is on and before March 31, 2008, lease payments are recog-
nized as expenses. This change has an immaterial impact on
segmented information for the year ended March 31, 2009.
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