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18. Segment Information
(a) Business segments
The business segment information for MMC and its consolidated subsidiaries for the years ended March 31, 2009 and 2008 is summa-
rized as follows:
In millions of yen
In thousands of
U.S. dollars
2009 2008 2009
Net sales:
Automobiles ¥1,961,563 ¥2,657,457 $19,969,090
Financial services 11,891 24,590 121,052
Total 1,973,454 2,682,047 20,090,143
Corporate and eliminations 117 55 1,200
Consolidated ¥1,973,572 ¥2,682,103 $20,091,343
Operating income (loss):
Automobiles ¥ 3,388 ¥ 95,777 $ 34,498
Financial services 419 12,763 4,273
Total 3,808 108,540 38,771
Corporate and eliminations 117 55 1,200
Consolidated ¥ 3,926 ¥ 108,596 $ 39,971
Total assets:
Automobiles ¥1,042,197 ¥1,530,259 $10,609,767
Financial services 82,977 63,484 844,725
Total 1,125,174 1,593,744 11,454,493
Corporate and eliminations 12,834 15,664 130,660
Consolidated ¥1,138,009 ¥1,609,408 $11,585,153
Depreciation:
Automobiles ¥ 79,972 ¥ 69,377 $ 814,133
Financial services 4,436 5,493 45,160
Consolidated ¥ 84,408 ¥ 74,871 $ 859,293
Impairment loss:
Automobiles ¥ 22,121 ¥ 18,386 $ 225,201
Financial services 5,372 2,932 54,693
Consolidated ¥ 27,494 ¥ 21,318 $ 279,895
Capital expenditures:
Automobiles ¥ 76,310 ¥ 68,732 $ 776,851
Financial services 13,364 21,335 136,057
Consolidated ¥ 89,675 ¥ 90,068 $ 912,909
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 accounting treatment
(1) Accounting standard for measurement of inventories
As described in the “Changes in Accounting Policies”, from the beginning of this fiscal year, the “Accounting Standard for Measurement of Inventories” (ASBJ
Statement No. 9, issued on July 5, 2006) has been adopted. Accordingly, the operating income for “Automobiles” decreased by ¥245 million ($2,499 thousand)
as compared to the amount that would have been recorded under the previous method.
(2) Practical solution on unification of accounting policies applied to foreign subsidiaries for consolidated financial statements
As described in the “Changes in Accounting Policies”, from the beginning of this fiscal year, the “Practical Solution on Unification of Accounting Policies Applied
to Foreign Subsidiaries for Consolidated Financial Statements” (PITF Practical Solution No. 18, issued on May 17, 2006) has been adopted. Accordingly, the
operating income for “Automobiles” increased by ¥1,943 million ($19,789 thousand) as compared to the amount that would have been recorded under the
previous method.
57
Annual Report 2009 MITSUBISHI MOTORS CORPORATION