JVC 2004 Annual Report Download - page 53

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Annual Report 2004 51.
Thousands of U.S. dollars
Elimination
and Consolidated
Japan Americas Europe Asia Total unallocation total
2004:
Sales
External sales $3,325,330 $2,064,877 $2,293,028 $1,014,671 $ 8,697,906 $ — $8,697,906
Intersegment sales 2,558,434 9,104 15,453 1,822,726 4,405,717 (4,405,717) —
Total sales 5,883,764 2,073,981 2,308,481 2,837,397 13,103,623 (4,405,717) 8,697,906
Operating expenses 5,741,434 2,097,575 2,244,547 2,781,227 12,864,783 (4,404,151) 8,460,632
Operating income $ 142,330 $ (23,594) $ 63,934 $ 56,170 $ 238,840 $ (1,566) $ 237,274
Identifiable assets $3,003,651 $ 667,915 $ 843,028 $ 945,746 $ 5,460,340 $ (676,217) $4,784,123
As explained in Note 3 “CHANGE IN ACCOUNTING METHOD”,
effective April 1, 2002, the Company changed the method of
accounting for royalty income. As a result, external sales, operating
expenses and operating income of Japan increased by ¥7,356
million, ¥4,066 million, ¥3,290 million respectively.
3) Overseas sales information by geographic area is as follows:
Millions of yen
Americas Europe Asia Other areas Total
2004:
Overseas sales ¥225,849 ¥247,493 ¥140,424 ¥6,196 ¥619,962
Consolidated sales ¥921,978
Ratio of overseas sales to consolidated sales 24.5% 26.8% 15.2% 0.7% 67.2%
2003:
Overseas sales ¥268,674 ¥229,222 ¥133,024 ¥7,172 ¥638,092
Consolidated sales ¥967,640
Ratio of overseas sales to consolidated sales 27.8% 23.7% 13.7% 0.7% 65.9%
2002:
Overseas sales ¥299,512 ¥197,621 ¥123,883 ¥5,193 ¥626,209
Consolidated sales ¥954,172
Ratio of overseas sales to consolidated sales 31.4% 20.7% 13.0% 0.5% 65.6%
Thousands of U.S. dollars
Americas Europe Asia Other areas Total
2004:
Overseas sales $2,130,651 $2,334,840 $1,324,755 $58,452 $5,848,698
Consolidated sales $8,697,906
Ratio of overseas sales to consolidated sales 24.5% 26.8% 15.2% 0.7% 67.2%
As explained in Note 3 “CHANGE IN ACCOUNTING METHOD”,
effective April 1, 2002, the Company changed the method of
accounting for royalty income. As a result, total overseas sales
increased by ¥3,365 million, and overseas sales of Americas,
Europe and Asia increased by ¥2,741 million, ¥69 million, and
¥555 million respectively.