Suzuki 1999 Annual Report Download - page 27

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9. Income taxes
The effective income tax rates on income before income taxes in the consolidated financial
statements differ from the normal statutory rate in Japan. The principal reasons for such
differences are (a) not to provide for deferred income taxes arising from all of the timing
differences between financial and tax reporting; (b) certain expenses which are not
deductible for income tax purposes; and (c) tax credit for certain qualified expenditures.
10.Segment Information
(a)Information by industry segment
The Company and certain consolidated subsidiaries operate mainly in a single industry
segment known as motor business (included motorcycle business). In the fiscal years of
both 1999 and 1998, motor business represented more than 90 per cent., all of gross
assets, net sales and operating profit.
(b)Information by geographic area
Millions of yen
1999
Elimination
Japan Europe
Other areas
※
1
and others
Consolidated
Net sales:
Outside customers ...... ¥1,034,324 ¥ 221,420 ¥ 200,086 ¥ — ¥1,455,832
Inter-area ...................... 273,570 455 292 (274,318) —
1,307,895 221,876 200,379 (274,318) 1,455,832
Costs and expenses ....... 1,268,016 217,147 197,724 (274,318) 1,408,570
Operating income........... ¥ 39,879 ¥ 4,728 ¥ 2,654 ¥ (0) ¥ 47,261
Identifiable assets........... ¥ 709,209 ¥ 89,533 ¥ 72,086 ¥ 261,019 ¥1,131,849
8. Contingent liabilities
As of 31st March, 1999, the Company and certain consolidated subsidiaries had the
following contingent liabilities:
Millions of Thousands of
yen U.S. dollars
Guarantee of indebtedness of non-consolidated
subsidiaries, affiliates and others ..................................... ¥ 2,710 $ 22,481
Trade notes discounted .......................................................... 6,348 52,660
¥ 9,058 $ 75,142