U-Haul 2006 Annual Report Download - page 48

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AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
Note 21A: Consolidating Financial Information by Industry Segment
AMERCO has four reportable segments. They are Moving and Storage Operations, Property and Casualty Insurance,
Life Insurance and SAC Holding II. Management tracks revenues separately, but does not report any separate measure of
the profitability for rental vehicles, rentals of self-storage spaces and sales of products that are required to be classified as a
separate operating segment and accordingly does not present these as separate reportable segments. Deferred income taxes
are shown as liabilities on the consolidating statements.
This section includes condensed consolidating financial information which presents the condensed consolidating
balance sheets as of March 31, 2006 and 2005, respectively and the related condensed consolidating statements of
operations and condensed consolidating cash flow statements for the years ended March 31, 2006, 2005, and 2004,
respectively for:
(a) Moving and Storage Operations comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul
and Real Estate
(b) RepWest and its subsidiary
(c) Oxford and its subsidiaries
(d) SAC Holding II and its subsidiaries
The information includes elimination entries necessary to consolidate AMERCO, the parent with its subsidiaries and
SAC Holding II and its subsidiaries.
Investments in subsidiaries are accounted for by the parent using the equity method of accounting.
F-41