Epson 2008 Annual Report Download - page 40

74 Seiko Epson Corporation
75
Annual Report 2008
The amounts of corporate assets included in “Eliminations and
corporate” were ¥327,855 million, ¥374,216 million and ¥322,689
million ($3,220,773 thousand) at March 31, 2006, 2007 and 2008,
respectively, and mainly comprised cash and deposits, securities and
short-term loans receivable.
For the year ended March 31, 2006, impairment loss, which was
recorded in information-related equipment segment, electronic devices
segment, precision products segment and other segment, was ¥426
million, ¥33,343 million, ¥416 million and ¥118 million, respectively.
For the year ended March 31, 2007, impairment loss, which was
recorded in information-related equipment segment, electronic devices
segment, precision products segment and other segment, was ¥209
million, ¥41,038 million, ¥273 million and ¥213 million, respectively.
For the year ended March 31, 2008, impairment loss, which was
recorded in information-related equipment segment, electronic devices
segment, precision products segment and other segment, was ¥788
million ($7,868 thousand), ¥9,634 million ($96,157 thousand), ¥56
million ($563 thousand) and ¥304 million ($3,041 thousand),
respectively.
As described in Note 3 (6), in line with the fiscal year 2007
Japanese tax reforms, effective April 1, 2007, the Company and its
Japanese subsidiaries adopted the 250% declining-balance method
for depreciation of property, plant and equipment (excluding buildings)
acquired on or after April 1, 2007. As a result of the adoption of the
new method, for the year ended March 31, 2008, operating income of
information-related equipment segment, electronic devices segment,
precision products segment and other decreased by ¥631 million
($6,306 thousand), ¥1,500 million ($14,975 thousand), ¥142 million
($1,419 thousand) and ¥283 million ($2,829 thousand), respectively
from the corresponding amounts which would have been reported if
the previous method had been applied consistently.
(2) Geographic segment information
Net sales are attributed to geographic segments based on the country
location of the Company or the subsidiary that transacted the sale with
the external customer. Principal countries and jurisdictions in each
geographic segment are as follows:
“The Americas” mainly includes the United States, Canada, Brazil,
Chile, Argentina, Costa Rica, Colombia, Venezuela, Mexico and Peru.
“Europe” mainly includes the United Kingdom, the Netherlands,
Germany, France, Italy, Spain, Portugal and Russia.
“Asia/Oceania” mainly includes China (including Hong Kong),
Singapore, Malaysia, Taiwan, Thailand, the Philippines, Australia, New
Zealand, Indonesia, Korea and India.
Thousands of U.S. dollars
Year ended March 31, 2008
Business segment
Information-
related
equipment
Electronic
devices
Precision
products Other
Eliminations
and
corporate Consolidated
Net sales:
Customers
Inter-segment
Total
Operating expenses
Operating income (loss)
Identifiable assets
Depreciation and amortization
Capital expenditures
$8,987,358
25,225
9,012,583
8,181,420
$ 831,163
$3,439,656
$ 294,327
$ 279,494
$3,593,897
350,579
3,944,477
4,115,823
$ (171,346)
$3,077,292
$ 314,983
$ 219,457
$827,443
10,237
837,680
810,398
$ 27,282
$565,271
$ 38,136
$ 44,520
$ 44,154
246,538
290,692
405,097
$ (114,405)
$1,258,350
$ 143,097
$ 125,362
—
$ (632,579)
(632,579)
(634,571)
$ 1,991
$3,029,477
$ 43
$ (20,151)
$13,452,853
—
13,452,853
12,878,167
$ 574,686
$11,370,047
$ 790,588
$ 648,683
Millions of yen
Year ended March 31, 2006
Business segment
Information-
related
equipment
Electronic
devices
Precision
products Other
Eliminations
and
corporate Consolidated
Net sales:
Customers
Inter-segment
Total
Operating expenses
Operating income (loss)
Identifiable assets
Depreciation and amortization
Capital expenditures
¥973,690
2,753
976,443
931,422
¥ 45,021
¥384,114
¥ 29,668
¥ 32,395
¥489,460
37,507
526,967
536,726
¥ (9,759)
¥414,100
¥ 59,694
¥ 60,560
¥81,463
4,315
85,778
83,427
¥ 2,351
¥57,935
¥ 4,146
¥ 4,464
¥ 4,955
28,022
32,977
45,757
¥ (12,780)
¥156,936
¥ 15,797
¥ 23,558
—
¥ (72,597)
(72,597)
(73,522)
¥ 925
¥312,121
¥ —
¥ (2,694)
¥1,549,568
—
1,549,568
1,523,810
¥ 25,758
¥1,325,206
¥ 109,305
¥ 118,283
Millions of yen
Year ended March 31, 2007
Business segment
Information-
related
equipment
Electronic
devices
Precision
products Other
Eliminations
and
corporate Consolidated
Net sales:
Customers
Inter-segment
Total
Operating expenses
Operating income (loss)
Identifiable assets
Depreciation and amortization
Capital expenditures
¥913,476
2,854
916,330
832,094
¥ 84,236
¥376,770
¥ 30,634
¥ 38,652
¥411,269
33,434
444,703
470,758
¥ (26,055)
¥356,309
¥ 42,226
¥ 33,025
¥86,903
841
87,744
84,168
¥ 3,576
¥60,352
¥ 3,513
¥ 4,694
¥ 4,384
25,926
30,310
42,466
¥ (12,156)
¥133,677
¥ 13,230
¥ 12,251
—
¥ (63,055)
(63,055)
(63,797)
¥ 742
¥357,304
¥ —
¥ (11,074)
¥1,416,032
—
1,416,032
1,365,689
¥ 50,343
¥1,284,412
¥ 89,603
¥ 77,548
Millions of yen
Year ended March 31, 2008
Business segment
Information-
related
equipment
Electronic
devices
Precision
products Other
Eliminations
and
corporate Consolidated
Net sales:
Customers
Inter-segment
Total
Operating expenses
Operating income (loss)
Identifiable assets
Depreciation and amortization
Capital expenditures
¥900,443
2,527
902,970
819,696
¥ 83,274
¥344,619
¥ 29,488
¥ 28,002
¥360,072
35,124
395,197
412,364
¥ (17,167)
¥308,313
¥ 31,558
¥ 21,987
¥82,901
1,025
83,927
81,193
¥ 2,733
¥56,634
¥ 3,820
¥ 4,460
¥ 4,423
24,700
29,124
40,586
¥ (11,462)
¥126,074
¥ 14,336
¥ 12,560
—
¥ (63,378)
(63,378)
(63,577)
¥ 199
¥303,523
¥ 4
¥ (2,018)
¥1,347,841
—
1,347,841
1,290,263
¥ 57,577
¥1,139,165
¥ 79,209
¥ 64,991
The table below summarizes the business segment information of Epson for the years ended March 31, 2006, 2007 and 2008: