Nintendo 2011 Annual Report Download - page 35

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Effective as of the fiscal year ended March 31, 2011, the “Accounting Standard for Equity Method of Accounting for
Investments” (Accounting Standards Board of Japan Statement No.16 released on March 10, 2008) and “Practical Solution on
Unification of Accounting Policies Applied to Associates Accounted for Using the Equity Method” (Practical Issues Task Force
No.24 dated March 10, 2008) have been adopted.
There is no impact on ordinary income or income before income taxes and minority interests.
Effective as of the fiscal year ended March 31, 2011, the “Accounting Standard for Asset Retirement Obligations” (Accounting
Standards Board of Japan Statement No.18 dated March 31, 2008) and the “Guidance on Accounting Standard for Asset
Retirement Obligations” (Accounting Standards Board of Japan Guidance No.21 dated March 31, 2008) have been adopted.
There is no impact on ordinary income or income before income taxes and minority interests.
Effective as of the fiscal year ended March 31, 2010, the “Accounting Standard for Financial Instruments” (Accounting Standards
Board of Japan Statement No.10 dated January 22, 1999 and its last amendment was March 10, 2008) and “Guidance on
Disclosures about Fair Value of Financial Instruments” (Accounting Standards Board of Japan Guidance No.19 dated March 10,
2008) have been adopted.
There is no impact on ordinary income or income before income taxes and minority interests.
Unrealized gains or losses on other investment securities for which market quotations are available had been accounted for using
the partial net asset recording method. Effective as of the fiscal year ended March 31, 2010, in order to improve comparability with
other companies, the accounting method has been changed to the whole net asset recording method. The impact of this change
to the fiscal year ended March 31, 2010 increases ordinary income and income before income taxes and minority interests in
income by ¥4,966 million and ¥2,669 million, respectively, compared to the previous method.
Effective as of the fiscal year ended March 31, 2010, the “Partial Amendments to Accounting Standard for Retirement Benefits
(Part 3)” (Accounting Standards Board of Japan Statement No.19 dated July 31, 2008) has been adopted.
The impact on operating income, ordinary income and income before income taxes and minority interests is minor.
All the monetary receivables and payables of the Company and its domestic consolidated subsidiaries denominated in foreign
currencies are translated into Japanese yen at the exchange rate in effect at the respective balance sheet dates. The foreign
exchange gains and losses from translation are recognized in the accompanying consolidated statements of income.
With respect to financial statements of overseas subsidiaries, the balance sheet accounts are translated into Japanese yen at the
exchange rate of the closing date except for shareholders’ equity, which are translated at the historical rates. Revenue and expense
accounts are translated into Japanese yen at the annual average exchange rate for the fiscal period. The differences resulting from
such translations are included in “Foreign currency translation adjustment” or “Minority interests” in “Net assets.”
Goodwill is fully amortized by the straight-line basis over mainly five years or, in case of immaterial amount, in the same fiscal
year as incurred.
“Cash and cash equivalents” include cash on hand, time deposit which can be withdrawn on demand and certain investments,
with little risk of fluctuation in value and maturity date of three months or less, which are promptly convertible to cash.
Consumption taxes are recorded as assets or liabilities when they are paid or received.
Note 5. Additional Information
Comprehensive Income
Effective as of the fiscal year ended March 31, 2011, the “Accounting Standard for Presentation of Comprehensive Income”
(Accounting Standards Board of Japan Statement No.25 dated June 30, 2010) has been adopted.
However, regarding “Other accumulated comprehensive income” and “Total other accumulated comprehensive income” for the
fiscal year ended March 31, 2010, amounts for “Valuation and translation adjustments” and “Total valuation and translation
adjustments” have been stated.
Note 6. Note to Consolidated Balance Sheets
A. Accumulated Depreciation of Property, Plant and Equipment
Accumulated depreciation of property, plant and equipment were ¥51,577 million ($621,409 thousand) and ¥51,637 million as of
March 31, 2011 and 2010, respectively.
B. Investments in Unconsolidated Subsidiaries and Affiliates
Investments in unconsolidated subsidiaries and affiliates were ¥6,000 million ($72,297 thousand) and ¥5,940 million as of March
31, 2011 and 2010, respectively.
A. Consolidated Balance Sheets
Effective as of the consolidated accounting period ended March 31, 2010, “Long-term accounts payable-other,” has been
included in “Other” due to their immateriality.
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B. Consolidated Statements of Income
Effective as of the consolidated accounting period ended March 31, 2011, “Loss on redemption of securities,” individually
described in the 2010 accompanying consolidated statements of income, has been included in “Other” due to their immateriality.
“Other” in the 2011 accompanying consolidated statements of income included ¥809 million ($9,749 thousand) of “Loss on
redemption of securities.”
Effective as of the consolidated accounting period ended March 31, 2011, under the “Accounting Standard for Consolidated
Financial Statements” (Accounting Standards Board of Japan Statement No.22 dated December 26, 2008), the “Cabinet Office
Ordinance Partially Revising Regulation for Financial Statement, etc.” (Cabinet Office Ordinance No.5 dated March 24, 2009) has
been adopted and the account “Income before minority interests” has been presented.
Effective as of the consolidated accounting period ended March 31, 2010, “Selling, general and administrative expenses,” has
been described in a lump and material accounts and amounts are noted.
Material accounts and amounts of “Selling, general and administrative expenses” in the consolidated accounting period ended
March 31, 2011 and 2010 were presented in the following “Note 7. Note to Consolidated Statements of Income.”
Effective as of the consolidated accounting period ended March 31, 2010, “Interest expenses,” has been included in “Other”
due to its immateriality.
Effective as of the consolidated accounting period ended March 31, 2010, “Loss on redemption of securities” has been
individually described from the perspective of materiality.
C. Consolidated Statements of Cash Flows
Effective as of the consolidated accounting period ended March 31, 2010, “Interest expenses,” has been included in “Other” in
the net cash provided by (used in) operating activities due to their immateriality.
Note 4. Changes in Description