Sharp 2009 Annual Report Download - page 62

Corporate assets as of March 31, 2008 and 2009 were
¥464,645 million and ¥442,849 million ($4,565,454 thousand),
respectively, and were mainly comprised of the Company’s
cash and cash equivalents, investments in securities and
deferred tax assets.
Effective for the year ended March 31, 2008, pursuant to
an amendment to the Corporate Tax Law, the Company and its
domestic consolidated subsidiaries have depreciated tangible
fixed assets acquired on and after April 1, 2007 in accordance
with the method stipulated in the amended Corporate Tax Law.
As a result, for the year ended March 31, 2008, operating
income for “Japan” decreased by ¥7,234 million, compared to
amounts calculated under the previous method.
Effective for the year ended March 31, 2008, the amended
“Auditing Treatment Relating to Reserve Defined under the
Special Tax Measurement Law, Reserve Defined under the
Special Law and Reserve for Director and Corporate Auditor
Retirement Benefits” (The Japanese Institute of Certified
Public Accountants (“JICPA”) Auditing and Assurance Practice
Committee Report No. 42, April 13, 2007) have been adopted.
This change had an immaterial impact on segmented informa-
tion 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 “Japan”
increases by ¥5,274 million ($54,371 thousand), compared to
amounts calculated under the previous method. Also,
Yen
(millions)
U.S. Dollars
(thousands)
2008 2009 2009
Operating Income (Loss):
Japan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 144,502 ¥ (74,552) $ (768,577)
The Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,444 (1,057) (10,897)
Europe. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,280 7,395 76,237
China. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,835 9,988 102,969
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,683 5,158 53,175
Elimination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,948 (2,413) (24,876)
Consolidated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 183,692 ¥ (55,481) $ (571,969)
Total Assets:
Japan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥2,161,836 ¥1,871,166 $19,290,371
The Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175,767 142,267 1,466,670
Europe. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246,833 151,735 1,564,278
China. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 186,909 163,785 1,688,505
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94,978 78,753 811,887
Elimination and Corporate Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206,884 281,015 2,897,062
Consolidated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥3,073,207 ¥2,688,721 $27,718,773
valuation methods for raw materials and work in process had
previously 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 “The Americas” increases by ¥2,613 million
($26,938 thousand), operating income for “Europe” decreases
by ¥135 million ($1,392 thousand), while operating income for
“China” and “Other” increase by ¥910 million ($9,381 thousand)
and ¥34 million ($351 thousand), respectively, 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”
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