Mitsubishi 2011 Annual Report Download - page 59

21. Investment and Rental Property
For the fiscal years ended March 31, 2011 and 2010, no notes are
provided as the amount of the investment and rental property is
considered immaterial.
(Additional information)
Effective for the year ended March 31, 2010, the “Accounting
Standard for Disclosures about Fair Value of Investment and Rental
Property” (ASBJ Statement No. 20, issued on November 28, 2008)
and the “Guidance on Accounting Standard for Disclosures about
Fair Value of Investment and Rental Property” (ASBJ Guidance No.
23, issued on November 28, 2008) have been adopted.
22. Segment Information
“Accounting Standard for Disclosures about Segments of an
Enterprise and Related Information” (ASBJ Statement No.17, is-
sued on March 27, 2009) and “Guidance on Accounting Standard
for Disclosures about Segments of an Enterprise and Related
Information” (ASBJ Guidance No.20 issued on March 21, 2008)
have been applied from this fiscal year. The segment information
for the fiscal year ended March 31, 2010 has not been restated
because the figures appearing in the segment information that
MMC has elsewhere disclosed under the previous accounting
standard are similar to those that would be presented in accordance
with this new accounting standard.
For the fiscal year ended March 31, 2011:
(a) Overview of reportable segment
The reportable segments of the Group are components for which
discrete financial information is available, and whose operating
results are regularly reviewed by MMC’s decision making bodies
including Board of Directors to make decisions about resource
allocation to the segments and to assess performance.
The main business of the Group is automobile business, involv-
ing development, design, manufacturing and sales of automobiles
and component parts. In addition, as financial service business, we
engage in sales finance and leasing services for Group products.
Accordingly, based on the types of products and services offered,
the Group determined “automobile business” and “financial service
business” as two reportable segments.
(b) Basis of calculating net sales, income (loss), assets and other
amounts of each reportable segment
The accounting policies of the segments are substantially the same
as those described in the Note 1.
(c) Net sales, income (loss), assets and others of reportable segments
(In millions
of yen)
(In thousands
of U.S. dollars)
For the year ended
March 31,
2011 2011
Net sales:
Automobiles ¥1,817,949 $21,863,496
Financial services 10,754 129,339
Total 1,828,704 21,992,836
Adjustment (206) (2,482)
Grand total ¥1,828,497 $21,990,353
Segment income (loss):
Automobiles ¥37,821 $454,861
Financial services 2,659 31,983
Total 40,481 486,845
Adjustment (206) (2,482)
Grand total ¥40,274 $484,362
Segment assets:
Automobiles ¥1,234,787 $14,850,117
Financial services 100,143 1,204,372
Total 1,334,930 16,054,489
Adjustment (22,418) (269,620)
Grand total ¥1,312,511 $15,784,869
Depreciation:
Automobiles ¥63,136 $759,304
Financial services 2,726 32,791
Grand total ¥65,862 $792,096
Investment accounted for using the
equity method:
Automobiles ¥45,089 $542,269
Financial services 5,371 64,603
Total 50,461 606,873
Adjustment (480) (5,780)
Grand total ¥49,980 $601,092
Capital expenditures:
Automobiles ¥57,417 $690,533
Financial services 10,006 120,343
Grand total ¥67,424 $810,877
(Note)
(1) Adjustment represents the elimination of intersegment transactions.
(2) Segment income (loss) agrees to the amount of operating income (loss)
presented in the consolidated financial statements.
MITSUBISHI MOTORS CORPORATION
Annual Report 2011 57