Isuzu 2015 Annual Report Download - page 38

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(1) Names and business descriptions of the acquired companies
Name of acquired companies Description of their business
Isuzu Motors International
Operations Thailand Limited Sales of automobiles
Isuzu Engine Manufacturing Thailand Manufacture of automobile
engines
Thai International Die Making Manufacture of automobile
parts and others
(2) Date on which the business combination was effected
February 18, 2015
(3) Legal form of the business combination
Acquisition of additional shares in subsidiary company from
minority shareholders
(4) Name of the companies after the business combination
No change in name
2. Overview of the accounting treatment
Based on “Revised Accounting Standard of Business Combination
(ASBJ Statement No.21 of September 13, 2013)” and “Revised
Accounting Standard of Business Divestitures (ASBJ Statement No.7
of September 13, 2013)”, we treated this transaction as that under
common control.
3. Details to be reported in case of acquisition of additional shares in
subsidiary companies
(1) Acquisition costs of the acquired companies and a breakdown of
the costs
Cash and Deposit
Isuzu Motors International Operations Thailand Limited
Thousands of
Millions of yen U.S. dollars
Purchase price of the additional shares
¥ 8,655 $ 72,027
Acquisition cost ¥ 8,655 $ 72,027
Isuzu Engine Manufacturing Thailand
Thousands of
Millions of yen U.S. dollars
Purchase price of the additional shares
¥ 1,818 $ 15,133
Acquisition cost ¥ 1,818 $ 15,133
Thai International Die Making
Thousands of
Millions of yen U.S. dollars
Purchase price of the additional shares
¥ 542 $ 4,514
Acquisition cost ¥ 542 $ 4,514
4. Details about the change of shareholders’ equity by the transaction
with minority shareholders.
(1) Main reason of the change in capital surplus
Acquisition of additional shares in subsidiary companies
(2) Contents of important non-cash transactions
16. Business Combinations
Acquisition of additional shares in subsidiary companies
1. Overview of transaction
Our joint business with third party in Thailand is extremely important
for us and we consider that global expansion and new strategy is
imperative. With this business environment and the need of further
growth and expansion in our mind, we have acquisitioned additional
shares from minority shareholders.
Remeasurements of defined benefit plans
Losses arising during the current period
Reclassification adjustment for loss realized
Net current period change,
before income taxes
Income taxes on net current period change
Net remeasurements of defined benefit plans
Share of other comprehensive income of
unconsolidated subsidiaries and affiliates
accounted for using the equity method:
Losses arising during the current period
Reclassification adjustment for loss realized
Net current period change,
before income taxes
Income taxes on net current period change
Net share of other comprehensive income of
unconsolidated subsidiaries and affiliates
accounted for using the equity method
Total other comprehensive income
Thousands of
Millions of yen U.S. dollars
Details 2015 2014 2015
$ 14,762
33,342
48,104
(6,236)
41,868
73,529
—
73,529
—
73,529
$ 663,636
¥ 1,774
4,006
5,780
(749)
5,031
8,835
—
8,835
—
8,835
¥ 79,749
¥ —
—
—
—
—
10,244
(1,826)
8,417
—
8,417
¥ 24,891
15. Consolidated Statements of Cash Flows
(1) Reconciliation for cash status between balance sheets and cash flows.
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
2015 2014 2015
Cash on hand and in banks
Time deposits with maturities
exceeding three months
Cash and cash equivalents
2015 2014 2015
Assets and liabilities relating to
finance lease transactions
¥ 339,747
(34,183)
¥ 305,563
¥ 3,349
¥ 234,849
(24,138)
¥ 210,710
¥ 4,341
$ 2,827,220
(284,459)
$ 2,542,761
$ 27, 876