Fujitsu 2007 Annual Report Download - page 89

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U.S. Dollars (thousands)
Elimination &
Years ended March 31 Japan EMEA The Americas APAC & China Corporate Consolidated
U.S. Dollars (thousands)
Sales
Unaffiliated customers $29,810,585 $6,162,822 $3,596,559 $3,651,754 $ — $43,221,720
Intersegment 4,741,517 77,517 151,966 3,188,636 (8,159,636) —
Total sales 34,552,102 6,240,339 3,748,525 6,840,390 (8,159,636) 43,221,720
Operating costs and expenses 32,926,135 6,035,839 3,676,788 6,741,407 (7,701,568) 41,678,601
Operating income (loss) 1,625,967 204,500 71,737 98,983 (458,068) 1,543,119
Total assets 19,701,788 4,089,771 1,344,407 2,303,687 5,981,737 33,421,390
1. Classification of the geographic segments is determined by geographical location and interconnectedness of its business activity.
2. Changes in name of geographic segments
For the year ended March 31, 2007, the Group designated senior executives as heads of Fujitsu Group business operations in four major regions in
order to maintain a firm, detailed grasp of global market trends and rapidly respond to them. As a result of these changes, the former “Europe”
segment has been changed to “EMEA” (EMEA = Europe, Middle East and Africa) and the former “Others” segment has been changed to “APAC &
China” (APAC = Asia-Pacific).
3. The principal countries and regions belonging to geographic segments other than Japan are as follows:
(1) EMEA (Europe, Middle East and Africa) ... U.K., Spain, Germany, Finland, the Netherlands
(2) The Americas ....................................... U.S.A., Canada
(3) APAC & China (APAC = Asia-Pacific) .... Australia, Thailand, Vietnam, the Philippines, Singapore, Korea, Taiwan, China
4. Unallocated operating costs and expenses included in “Elimination & Corporate” for the years ended March 31, 2005, 2006 and 2007 were ¥44,004
million, ¥41,461 million and ¥54,965 million ($465,805 thousand), respectively. Most of these were strategic expenses such as basic research and
development expenses and Group management shared expenses incurred by the Company.
5. Corporate assets included in “Elimination & Corporate” at March 31, 2005, 2006 and 2007 amounted to ¥927,300 million, ¥932,190 million and
¥940,397 million ($7,969,466 thousand), respectively. The assets principally consisted of working capital (cash and cash equivalents and short-term
investments), long-term investments and others.
6. Accounting principles and practices were changed from the year ended March 31, 2006 as stated in Note 1. (a) Basis of presenting consolidated
financial statements and the principles of consolidation (d) Revenue recognition (k) Provision for product warranties. As a result of these changes, for
the year ended March 31, 2006, in “Japan” sales to unaffiliated customers increased by ¥10,399 million and operating income decreased by ¥1,463
million; in “EMEA,” sales to unaffiliated customers decreased by ¥5,032 million and operating income increased by ¥6,271 million.
Segment information in this regard for the year ended March 31, 2005 has not been restated.
7. As stated in “Change in method of allocating operating expenses” of Note 19, for the year ended March 31, 2007 the Group changed the method by
which it allocates operating expenses for each segment.
Segment information in this regard prior to and for the year ended March 31, 2006 has been restated.
20. Impact of Non-trading Day at the End of Fiscal Year
Consolidated balance sheet
March 31, 2007, the end of the fiscal year, was a non-trading day for financial institutions in Japan. Per
Japanese business custom, receivables and payables are fiscally settled in the next fiscal year if the end of
the fiscal year is a non-trading day for financial institutions. The receivables and payables settled in the
following fiscal year for the reason above and stated in the balance sheet at March 31, 2007 were as follows:
Yen U.S. Dollars
(millions) (thousands)
At March 31 2007 2007
Receivables, trade ¥ 18,049 $ 152,957
Current assets—others
Total current assets (A)
285
18,334
2,415
155,372
Payables, trade
Accrued expenses
Current liabilities—others
Total current liabilities (B)
Increase in current liabilities, net of current assets (B)–(A)
74,168
19,180
34,584
127,932
¥109,598
628,542
162,542
293,085
1,084,169
$ 928,797
Annual Report 2007 87