U-Haul 2009 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2009 U-Haul annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

AMERCO AND CONSOLIDATED ENTITIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
F-42
Note 22A: Consolidating Financial Information by Industry Segment
AMERCO has three reportable segments. They are Moving and Storage, Property and Casualty Insurance and Life
Insurance. SAC Holding II was also a reportable segment through October 2007. 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 condensed consolidating statements.
The consolidated balance sheets as of March 31, 2009 and 2008 include the accounts of AMERCO and its wholly-
owned subsidiaries. The March 31, 2009 statements of operations and cash flows include AMERCO and its wholly-owned
subsidiaries. The March 31, 2008 statements of operations and cash flows include AMERCO and its wholly-owned
subsidiaries for the entire year, and reflect SAC Holding II for the seven months ended October 31, 2007. The March 31,
2007 statements of operations and cash flows include the accounts of AMERCO and its wholly-owned subsidiaries and
SAC Holding II.
AMERCO’s three current reportable segments are (and former reportable segment was):
(a) Moving and Storage, comprised of AMERCO, U-Haul, and Real Estate and the subsidiaries of U-Haul and Real
Estate,
(b) Property and Casualty Insurance, comprised of RepWest and its subsidiaries and ARCOA,
(c) Life Insurance, comprised of Oxford and its subsidiaries, and
(d) SAC Holding II and its subsidiaries (through October 2007).
The information includes elimination entries necessary to consolidate AMERCO, the parent, with its subsidiaries and
SAC Holding II and its subsidiaries through October 2007.
Investments in subsidiaries are accounted for by the parent using the equity method of accounting.