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54
21. SEGMENT INFORMATION
(a) Business segments
The business segment information for MMC and its consolidated subsidiaries for the years ended March 31, 2004 and 2003
are summarized as follows:
In millions of yen In thousands of
U.S. dollars
2004 2003 2004
Net sales:
Automobiles ¥2,443,342 ¥3,809,762 $23,118,009
Financial services 72,626 78,146 687,163
Total 2,515,968 3,887,909 23,805,172
Intersegment 3,481 (3,035) 32,936
Consolidated ¥2,519,449 ¥3,884,874 $23,838,109
Operating (loss) profit:
Automobiles ¥ (50,864) ¥ 124,363 $ (481,260)
Financial services (49,880) (40,137) (471,954)
Total (100,745) 84,225 (953,214)
Intersegment 3,892 (1,463) 36,832
Consolidated ¥ (96,852) ¥ 82,761 $ (916,382)
Total assets:
Automobiles ¥1,784,453 ¥2,048,982 $16,883,846
Financial services 485,540 530,398 4,594,007
Total 2,269,994 2,579,380 21,477,853
Corporate and eliminations (240,958) (154,027) (2,279,863)
Consolidated ¥2,029,035 ¥2,425,352 $19,197,991
Depreciation:
Automobiles ¥ 108,051 ¥ 139,744 $ 1,022,346
Financial services 31,419 53,521 297,284
Consolidated ¥ 139,471 ¥ 193,265 $ 1,319,630
Capital expenditures:
Automobiles ¥ 113,907 ¥ 128,676 $ 1,077,755
Financial services 37,015 72,860 350,225
Consolidated ¥ 150,923 ¥ 201,537 $ 1,427,980
As a result of the synchronization of the fiscal year-end of overseas consolidated subsidiaries, as explained in Note 3, net sales
and operating profit in the ‘Automobiles’ segment and ‘Financial services’ segments for the year ended March 31, 2003 in-
cluded fifteen months’ net sales and operating profit in respect of certain overseas subsidiaries. The impact of the additional
three month bridge period, January 2003 to March 2003, on net sales for the ‘Automobiles’ segment and the ‘Financial services’
segment for the year ended March 31, 2003 amounted to ¥422,431 million and ¥10,932 million respectively. The impact of
this bridge period on operating (loss) profit for the ‘Automobiles’ segment and the ‘Financial services’ segment and
‘Intersegment’ segment was an increase (decrease) of ¥6,001 million, ¥(16,451) million and ¥419 million, respectively.
As a result of the change in the method of accounting for lease subvention income and expenses related to the North Ameri-
can subsidiaries as explained in Note 3, operating profit decreased by ¥237 million in the ‘Intersegment’ segment in the year
ended March 31, 2003. Corporate assets and eliminations of total assets also increased by ¥4,195 million at March 31, 2003.