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76
MITSUBISHI MOTORS CORPORATION Annual Report 2007
19. Segment Information
(a) Business segments
The business segment information for MMC and its consolidated subsidiaries for the years ended March 31, 2007 and
2006 are summarized as follows:
In thousands of
In millions of yen U.S. dollars
2007 2006 2007
Net sales:
Automobiles ¥2,154,672 ¥2,080,883 $18,252,202
Financial services 47,947 39,183 406,160
Total 2,202,619 2,120,067 18,658,363
Intersegment 249 12,111
Consolidated ¥2,202,869 ¥2,120,068 $18,660,475
Operating income (loss):
Automobiles ¥ 17,682 ¥ (6,142) $ 149,787
Financial services 22,305 10,418 188,950
Total 39,987 4,276 338,737
Intersegment 249 2,507 2,111
Consolidated ¥ 40,237 ¥ 6,783 $ 340,849
Total assets:
Automobiles ¥1,674,897 ¥1,453,123 $14,188,037
Financial services 110,818 127,607 938,738
Total 1,785,715 1,580,731 15,126,775
Corporate and eliminations (7,022) (23,161) (59,486)
Consolidated ¥1,778,693 ¥1,557,570 $15,067,288
Depreciation:
Automobiles ¥ 68,215 ¥ 60,944 $ 577,854
Financial services 6,820 8,541 57,773
Consolidated ¥ 75,035 ¥ 69,486 $ 635,628
Impairment loss:
Automobiles ¥ 7,465 —$ 63,242
Financial services ———
Consolidated ¥ 7,465 —$ 63,242
Capital expenditures:
Automobiles ¥ 98,058 ¥ 119,460 $ 830,653
Financial services 14,176 8,904 120,090
Consolidated ¥ 112,235 ¥ 128,365 $ 950,743
Note: 1. Segments are divided by sector and by market.
2. Major products by business segment
Automobiles . . . . . . . . . Passenger cars
Financial services . . . . . . Sales-finance products
3. Changes in useful lives of fixed assets
As described in additional information in Note 2, Significant Accounting Policies, from this fiscal year, instead of the useful lives dictated by the
Corporate Tax Law, estimated actual useful lives are used to determine useful lives of MMC’s fixed assets. As a result, operating income of the
automobiles segment increased by ¥7,585 million ($64,259 thousand).