Epson 2015 Annual Report Download - page 25

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24
Other
Other revenue was ¥1.3 billion ($11,566 thousand), up 4.2% year over year. Segment loss was ¥0.3 billion
($2,646 thousand), compared to a ¥0.2 billion segment loss last year.
Adjustments
Adjustments to the total profit of reporting segments amounted to negative ¥37.8 billion ($315,195 thousand).
(Adjustments in the previous fiscal year were negative ¥34.3 billion.) The loss mainly comprises selling,
general and administrative expenses for areas that do not correspond to the reporting segments, such as research
and development expenses for new businesses and basic technology, and general corporate expenses.
(2) Cash flow performance
Net cash provided by operating activities during the year was ¥108.8 billion ($905,617 thousand), compared to
¥114.8 billion in the previous fiscal year. Although depreciation and amortization totaling ¥44.9 billion versus
¥112.7 billion in profit for the period added to net cash, a ¥25.3 billion decrease in net defined benefit liabilities
and a ¥19.2 billion increase in inventories contributed to the decrease in net cash from operating activities.
Net cash used in investing activities was ¥32.7 billion ($272,405 thousand) compared to ¥41.2 billion in the
previous fiscal year, as the ¥42.7 billion spent on the purchase of property, plant, equipment, and intangible
assets was partially offset by things such as the sale of certain noncurrent assets.
Net cash used in financing activities was ¥55.3 billion ($460,946 thousand), compared to ¥56.5 billion last
fiscal year, as the Company had a ¥42.1 billion net decrease in short-term and long-term loans payable and
bonds payable and ¥12.8 billion in dividends paid.
As a result of the foregoing, the fiscal year-end balance of cash and cash equivalents totaled ¥245.3 billion
($2,041,524 thousand) compared to ¥211.5 billion at the end of the previous fiscal year.
(3) Parallel disclosure
Differences between the main items on IFRS consolidated financial statements and those on consolidated
financial statements prepared based on Japanese accounting standards
(Expenses associated with post-employment benefits)
Under Japanese accounting standards, Epson wrote off actuarial gains and losses and past service costs over a
certain period of time. Under IFRS, remeasurements of net defined benefit liabilities and assets are recognized
in full as other comprehensive income in the period in which they are incurred and transferred to retained
earnings immediately. Past service costs are recognized as a net loss either in the period when the plan is
amended or curtailed, or in the period when associated restructuring costs or termination benefits are recognized,
whichever is earlier. Since actuarial assumptions for defined benefit liabilities differ, retirement benefit costs are
additionally recognized.
Due to these effects, the cost of sales and selling, general and administrative expenses in the fiscal year 2013
decreased by ¥6,435 million when calculated based on IFRS rather than on Japanese standards, while other
comprehensive income increased by ¥13,086 million. Cost of sales, selling, general and administrative expenses,
and finance costs in the fiscal year 2014 increased by ¥6,247 million, other operating income increased by
¥30,071 million, and other comprehensive income decreased by ¥1,512 million.
*Please refer to the following for Epson’ s financial results for previous years:
http://global.epson.com/IR/