Mitsubishi 2013 Annual Report Download - page 55

MITSUBISHI MOTORS CORPORATION
Annual Report 2013 53
(In millions of yen)
(In thousands
of U.S. dollars)
For the year ended March 31,
2013 2012 2013
Balance at beginning
of year (*) ¥7,414 ¥6,358 $78,836
Increase due to the
acquisition of property,
plant and equipment 25 24 269
Discount accretion
expense 255 125 2,712
Decrease due to the
settlement of asset
retirement obligations (51) (4) (542)
Increase due to change
in estimate 622 896 6,615
Decrease due to change
in estimate (105) —(1,125)
Others (773) 13 (8,224)
Balance at end of year ¥7,386 ¥7,414 $78,541
(*) Others include foreign currency translation adjustments and the effect of
deconsolidation.
20. Investment and Rental Property
For the years ended March 31, 2013 and 2012, further disclo-
sures are not provided as investment and rental property is
considered immaterial.
21. Segment Information
(a) Overview of reportable segment
The reportable segments of the Group are components for which
discrete financial information is available, and for which operating
results are regularly reviewed by MMC’s decision making bodies
including the Board of Directors to determine resource allocation to
the segments and to assess their 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 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,
2013 2012 2013
Net sales:
Automobiles ¥1,805,073 ¥1,797,039 $19,192,702
Financial services 10,059 10,398 106,955
Total 1,815,132 1,807,438 19,299,657
Adjustment (19) (144) (207)
Grand total ¥1,815,113 ¥1,807,293 $19,299,449
Segment income (loss):
Automobiles ¥64,997 ¥60,348 $691,100
Financial services 2,403 3,471 25,558
Total 67,401 63,819 716,659
Adjustment (19) (144) (207)
Grand total ¥67,382 ¥63,674 $716,451
Segment assets:
Automobiles ¥1,331,683 ¥1,196,328 $14,159,310
Financial services 109,284 115,396 1,161,982
Total 1,440,967 1,311,725 15,321,292
Adjustment 11,842 9,580 125,915
Grand total ¥1,452,809 ¥1,321,306 $15,447,208
Depreciation: (Note (3))
Automobiles ¥50,700 ¥53,806 $539,081
Financial services 3,623 2,934 38,532
Grand total ¥54,324 ¥56,741 $577,614
Investment accounted
for using the equity
method:
Automobiles ¥63,400 ¥42,807 $674,116
Financial services 6,840 6,014 72,735
Total 70,241 48,822 746,851
Adjustment (644) (625) (6,854)
Grand total ¥69,596 ¥48,196 $739,997
Increase in property,
plant and equipment
and intangible assets:
(Note (3))
Automobiles ¥56,836 ¥72,588 $604,324
Financial services 13,679 8,715 145,444
Grand total ¥70,515 ¥81,303 $749,769
(Note)
(1) Adjustment represents the elimination of intersegment transactions
and others.
(2) Segment income (loss) agrees to the amount of operating income (loss)
presented in the consolidated financial statements.
(3) Depreciation and increase in property, plant and equipment and intan-
gible assets include long-term prepaid expenses and amortization thereof.
(Related information)
(a) Information by products and services
The information is not shown here, as the classification is the same
as that of the reportable segments.